RITES Surges 6% Following Collaboration with DMRC

Solarium To Launch Solar Module Unit In Gujarat

Solarium Green Energy Limited, a leading player in India’s rooftop solar segment, has announced its strategic re-entry into solar module manufacturing. The company plans to set up a fully automated, high-capacity manufacturing facility in Ahmedabad, Gujarat, with an annual output of 1,000 MW. The total estimated capital expenditure for the plant is around Rs 700 million, with additional working capital to be arranged in a 3:1 debt-to-equity ratio.This backward integration initiative is designed to strengthen Solarium’s control over critical components in its engineering, procurement and co..

Inox Wind Energy To Merge With Inox Wind

The INOXGFL Group, a key player in India’s energy transition sector, announced that the National Company Law Tribunal (NCLT), Chandigarh Bench, has approved the merger of Inox Wind Energy Ltd (IWEL) into Inox Wind Ltd (IWL). The order, dated 10 June 2025, paves the way for streamlining the group’s wind energy vertical and strengthening the financial and operational base of the consolidated entity.Following the merger, IWL will see a significant improvement in its balance sheet with a reduction in liabilities of approximately Rs 20.5 billion. The amalgamation is also expected to deliver enh..

Hilton Develops India-Made Forged Railway Wheelsets

Hilton Metal Forging Ltd has successfully developed and manufactured indigenous Railway Forged Wagon Wheelsets, which have been inspected and approved by RITES, the Indian government’s quality assurance agency. Each wheelset includes two forged wheels and one forged axle, with every rail coach or wagon requiring four such wheelsets.The company aims to meet the growing demand from Indian railway wagon manufacturers and reduce reliance on Chinese imports. Under the “Make in India” initiative, Hilton plans to manufacture over 3,000 wheelsets in FY26 and scale up to more than 12,000 units in..