US-based 1366 Technologies to invest $300 mn for solar module in India

25 Jun 2021 CW Team

US-based 1366 Technologies plans to invest $300 million to set up a 2 GW solar wafer and cell manufacturing facility in India under the production-linked incentive (PLI) scheme by the government.

India has a domestic manufacturing capacity of 3 GW for solar cells and 15 GW for solar modules. The PLI scheme of Rs 4,500 crore is a part of the domestic content requirement strategy. It is expected to add 10 GW of integrated solar PV capacity by bringing a direct investment of about Rs 17,200 crore.

The investors associated with 1366 Technologies are North Bridge Venture Partners and Polaris Partners. They have received funds of $200 million from both equity and non-dilutive resources.

1366 Technologies Chief Executive and Founder Frank van Mierlo, told the media that the capital markets are very friendly towards technologies, and in two years, the solar modules sold in India should be manufactured domestically. The production of modules will be the most profitable part of the supply chain, and many people are interested due to its underlying market dynamics.

Image Source

Also read: Asia Pacific to double to $1.3 trillion RE investments by 2030: Woodmac

Also read: Government extends waiver of ISTS charges for solar, wind developers

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..