Shakti Pumps Delivers With 130% Profit Rise in Q3 Fy25 Updated On Mon, Jan 27th, 2025 by Saurenergy Indore based Solar pump leader Shakti Pumps declared its Q3 results on Friday evening. The company reported a 130.09% year-on-year (YoY) jump in net profit at Rs 104 crore for the third quarter that ended December 31, 2024. In the corresponding quarter of the previous fiscal, the company had posted a net profit of Rs […] Read more
Pralhad Joshi Reviews Solar Incentives Disbursed To Discoms Updated On Wed, Jan 22nd, 2025 by Saurenergy Union Minister of New and Renewable Energy Pralhad Joshi during a review meeting reviewed the disbursed amount of incentives released by the discoms for promoting rooftop solar. He highlighted the latest progress made by Rajasthan, Haryana, Punjab, Uttarakhand, and Uttar Pradesh Discom. The meeting reviewed the incentives released to Discoms for the financial years FY […] Read more
Advait Energy Bags 40,000 Off-Grid Solar Pumps Order In Karnataka Updated On Mon, Jan 20th, 2025 by Saurenergy Gujarat-based company Advait Energy Transitions recently secured an off-grid solar order from Karnataka Renewable Energy Development Limited (KREDL). The company secured the order to develop 40,000 off-grid or stand-alone solar pumps under the PM-KUSUM Component ‘B’ scheme in Karnataka. Advait Energy said in a regulatory filing, “The company will design, develop, deploy, and maintain a […] Read more
Oswal Pumps Set To Ride Solar Boom With IPO Nod Updated On Fri, Jan 3rd, 2025 by Saurenergy The Securities and Exchange Board of India (SEBI) has approved the issuance of an Initial Public Offering (IPO) by Oswal Pumps. This move paves the way for the Karnal-based solar pump company to enter the stock market. The approval comes at a time when several solar companies and solar pump manufacturers have already entered the […] Read more
IREDA Sanctions Up 129% In Q3, Disbursements Rise 41% Updated On Thu, Jan 2nd, 2025 by Saurenergy Indian Renewable Energy Development Agency Ltd. (IREDA) has reported strong growth for the December 31, 2024 quarter. As per provisional figures, IREDA sanctioned loans worth ₹31,087 crore in third quarter, marking a 129% year-on-year (Y-o-Y) growth compared to ₹13,558 crore in the corresponding period last year. Loan disbursements also witnessed significant growth, increasing by 41% […] Read more
INA Solar Raises Rs. 402 Crore Via Preferential Allotment Of Equity Shares Updated On Wed, Oct 16th, 2024 by Saurenergy Rajasthan-based Insolation Energy Limited (INA Solar), a solar panel manufacturer raised Rs 402 Crores from investors in response for its preferential allotment of equity shares. Chairman Manish Gupta and Managing Director Vikas Jain expressed their gratitude, highlighting that since its inception in 2017, Insolation Energy Limited has established Rajasthan’s one of the largest solar panel […] Read more
India’s Solar Sector Buoyant On New Growth Trajectory Updated On Wed, Oct 9th, 2024 by Saurenergy FY24-25 is likely to be remembered as a milestone year for India’s solar sector. Not only is capacity addition this year expected to hit a new high, but the year is also likely to see the 25 GW mark breached for the first time, with almost 15 GW added in H1 itself. Significantly, the spike […] Read more
Gujarat: Zodiac Energy Secures 30 MW Solar Project From AMC Updated On Tue, Oct 8th, 2024 by Saurenergy Gujarat-based Zodiac Energy recently secured an order from the Ahmedabad Municipal Corporation (AMC) to build a 30 MW ground-mounted solar project in its home state. The company is responsible for designing, supplying, installing, testing, and commissioning a grid-tied solar project. The contract also includes the erection, operation, and maintenance of the project for five years, […] Read more
India’s Luck With Falling RE Costs Could Run Out, And We Need to Be Prepared Updated On Tue, Oct 1st, 2024 by Saurenergy September saw some very interesting points to ponder over, as far as Renewable costs go. While we are all aware of the falling RE costs, especially in solar that have led to solar beating almost every estimate of capacity addition repeatedly, the situation has been very positive on the storage front as well. Yes, storage […] Read more
