Tata Power, Vikram Solar, BHEL Top Solar EPC Players in 2023

29 May 2023 CW Team

Tata Power Solar, Vikram Solar, and BHEL topped the Indian solar engineering, procurement, and construction (EPC) market in 2022, according to a report released by Mercom India. The report, which covers market shares and rankings across the Indian solar supply chain, provides the most accurate and comprehensive coverage of India's solar industry leaders.

Tata Power Solar topped the market with a 28% share, followed by Vikram Solar with a 6% share and BHEL with a 5% share. Adani Infra India and Hild Energy had a market share of 4% each. The top five utility-scale solar EPC service providers accounted for almost 46% of the total market share.

The report notes that the Indian solar EPC market grew by 20% in 2022, reaching a total value of $10.5 billion. The growth was driven by a number of factors, including the government's ambitious renewable energy targets, the falling cost of solar modules, and the increasing availability of financing for solar projects.

The report also notes that the Indian solar EPC market is expected to continue to grow in the coming years. The government's target of installing 175 GW of renewable energy by 2022 will provide a significant boost to the market, as will the falling cost of solar modules and the increasing availability of financing.

The report concludes by saying that the Indian solar EPC market is a dynamic and growing market with a bright future. The market is expected to continue to grow in the coming years, driven by the government's renewable energy targets and the falling cost of solar modules.

Real Estate

02 Apr 2026

Mahagun Group Secures Rs 2.25 Billion Funding

Mahagun Group has secured Rs 2.25 billion in funding from CSL Finance Limited, reinforcing its financial position and giving added momentum to project execution across its portfolio.The development comes after the Group recently completed the closure of Rs 6.5 billion debt for its Mahagun Medalleo project. It repaid Rs 3.1 billion in principal and around Rs 3.4 billion in interest, reflecting a disciplined financial approach and a consistent record of meeting obligations.The Group said its financial position is supported by strong internal accruals, healthy collections, and a robust base of so..

Danube Launches Greenz Master Community in Dubai

Danube Properties has recently launched Greenz by Danube, its first large-scale integrated community featuring premium villas and townhouses, marking its expansion into master-planned developments. Located in Dubai International Academic City near Dubai Silicon Oasis, the project sits within a high-growth corridor housing over 100,000 residents. The area is set to benefit from the upcoming District IO technology hub aligned with the vision of Sheikh Mohammed bin Rashid Al Maktoum. The development will offer three- and four-bedroom townhouses, along with five-bedroom semi-detached ..

Jal Jeevan Mission Reports Tap Water For 158.2 mn Rural Households

Since August 2019 the Government of India, in partnership with states, has been implementing the Jal Jeevan Mission (JJM) to enable every rural household to have assured potable water through tap connections. The mission is overseen by the Ministry of Jal Shakti and seeks regular long term supply of prescribed quality water. At the launch only 3.23 Crore, equivalent to 32.3 million (mn), or 16.7 per cent, of rural households had tap connections. As reported by states and union territories on three March 2026 an additional 12.58 Crore, or 125.8 mn households, have been provided connections brin..