PM-Surya Ghar Muft Bijli Yojana receives Rs 31.35 billion in 3 years

02 Aug 2024 CW Team

The Ministry of New and Renewable Energy has disbursed a total Central Financial Assistance (CFA) of Rs 31.35 billion over the past three years for the installation of grid-connected rooftop solar systems in households under phase-II of the grid-connected rooftop solar programme, as informed by the Minister of State for New and Renewable Energy and Power, Shripad Naik, in a written response to Parliament on 30 July 2024. ?As of 26 July 2024, a total of 12.9 million registrations and 15.27 lakh applications have been received from consumers on the scheme?s National Portal,? stated Naik in his reply to a question in the Rajya Sabha. Naik also highlighted the significant increase in India?s renewable energy installed capacity, which has grown from 76.38 GW in March 2014 to 195.01 GW in June 2024 ? a 2.55 times increase. This includes 85.47 GW of solar power, 46.93 GW of large hydro, 46.66 GW of wind power, 10.95 GW of bio-power, and 5.00 GW of small hydro power. In response to a separate question, Naik noted the country's remarkable progress in expanding renewable energy capacity, particularly in the solar and wind power sectors. "Solar power installed capacity has surged from 2.82 GW in 2014 to 85.47 GW as of 30 June 2024, while wind power capacity has increased from 21.04 GW in 2014 to 46.66 GW as of 30 June 2024," he added. The PM-Surya Ghar Muft Bijli Yojana was launched on February 13, 2024, aiming to install rooftop solar plants in 10 million households. The total financial outlay for the scheme is Rs 750.21 billion. The previous phase-II of the grid-connected rooftop solar programme has been integrated into this new scheme, including the remaining financial outlay and liabilities, effective from its launch on February 13, 2024. (Source:ET)

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..