PLI scheme: Govt approves Rs 4.5k cr for solar modules

08 Apr 2021 CW Staff

The government has approved a production-linked incentive (PLI) scheme for the air conditioner and LED lights sector at an outlay of Rs 6,238 crore and Rs 4,500 crore for high-efficiency solar PV modules.

The proposal was approved in the weekly Union Cabinet meeting, chaired by Prime Minister Narendra Modi.

The PLI scheme for white goods will extend an incentive of 4-6% on incremental sales of goods manufactured in India for five years to companies engaged in manufacturing ACs and LED lights, the government announced in a statement.

Minister of Commerce and Industry, Piyush Goyal told the media that a total of nine out of 13 PLI schemes have been approved to date, while the rest of the four schemes are in an advanced stage.

The government said that in five years the PLI Scheme will lead to an incremental investment of Rs 7,920 crore, incremental production worth Rs 168,000 crore, exports worth Rs 64,400 crore, earn direct and indirect revenues of Rs 49,300 crore.

The production-linked incentive (PLI) scheme aims to give companies incentives on incremental sales from products manufactured in domestic units. The scheme encourages local companies to set up or expand existing manufacturing units and to generate more employment, and reduce India’s reliance on imports from other countries.

Image Source

Also read: Extended PLI scheme to cover solar PV, specialised steel

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..