Solar Sector Wins Duty-Free Import Verdict

10 May 2024 CW Team

In a significant legal victory for the solar sector, the Delhi High Court has delivered a verdict allowing duty-free imports. The court's decision marks a milestone for the industry, providing a boost to solar projects and promoting the adoption of renewable energy in India.

The verdict comes after a prolonged legal battle between the solar sector and government authorities over the imposition of import duties on solar equipment. The court's ruling in favour of duty-free imports is expected to lower project costs and accelerate the deployment of solar power infrastructure across the country.

The Delhi High Court's decision to uphold duty-free imports is a major win for the solar industry, which has been advocating for policy measures to reduce barriers to entry and promote investment in renewable energy projects. By removing import duties, the court's verdict creates a more favourable environment for solar developers and investors, driving growth and innovation in the sector.

Moreover, the ruling aligns with India's broader energy transition goals and commitment to increasing the share of renewable energy in the country's energy mix. With solar power emerging as a key contributor to India's clean energy targets, the court's decision is expected to facilitate the scaling up of solar capacity and contribute to the nation's efforts to mitigate climate change.

Overall, the Delhi High Court's verdict in favour of duty-free imports represents a significant win for the solar sector and reinforces India's position as a global leader in renewable energy adoption. The ruling paves the way for increased investment, innovation, and sustainability in the solar industry, driving progress towards a cleaner and more sustainable future.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..