Renewable Energy

Shera Energy eyes 25-30% revenue growth in FY27, bets on capacity expansion

Jaipur-based Shera Energy is targeting 25-30 per cent revenue growth in the current financial year, supported by capacity expansion and foray into new value-added products to cater to the power and renewable energy sectors, according to a top company official. The NSE-listed company, which is also into recycling, began operations in 2003 with aluminium winding wires and had annual revenues of around Rs 20 crore during its early years, its Chairman and Managing Director Naseem Sheikh said in an interaction with PTI. In FY26 Shera Energy reported annual turnover of Rs 1,640 crore. The company manufactures winding wires and other electrical products using copper, aluminium and brass, catering primarily to transformers, motors and other electrical equipment. "This year, we intend to grow another 25-30 per cent on our revenues and bottom line," Sheikh said. To achieve its goal, Shera Energy is expanding its product portfolio into higher value-added segments, including solar ribbon and

ITA backs 11 Indian projects to accelerate clean industrial transition

The Industrial Transition Accelerator (ITA) on Thursday said it has selected 11 Indian projects that will receive tailored support as part of its India Project Support Programme to accelerate critical clean industrial projects. The ITA is a global multi-stakeholder initiative launched at COP28 to fast-track industrial transition across energy-intensive industry and transport sectors. The selected projects, led by companies including Jindal Steel, JSW Steel, ACME Group, Yamna, Circular Urban Energy (CUE) and ReNew, represent more than USD 18 billion in potential investment and could deliver over 7.8 million tonnes of annual carbon abatement across multiple sectors, a statement said. "In a world shaped by geopolitical volatility, the ability to produce clean materials domestically and competitively will be a key driver of both economic resilience and long-term growth," James Schofield, Managing Director, Industrial Transition Accelerator, said in the statement. Across in-country ...

PM Surya Ghar got 7.77 million applications, 4.19 million installations

PM Surya Ghar has received 7.77 million applications since February 2024, with 4.19 million rooftop solar systems installed, covering 5.04 million households

No new renewable energy projects within 1 km of border: Home ministry

New MHA guidelines bar solar, wind and hybrid projects within 1 km of the LoC, LAC and International Border and impose security checks across a 50-km belt

No renewable energy project within 1 km of borders: MHA guidelines

The Ministry of Home Affairs (MHA) has issued a set of guidelines prohibiting any new solar, wind and hybrid renewable energy projects within 1 km of the Line of Control, the Line of Actual Control, and the International Border. The guidelines issued by the ministry's Internal Security wing also bar the engagement of engineers, staff, employees and labour from land border countries, especially Pakistan, Bangladesh and China, for project implementation without the permission of the central government. Under these guidelines, areas within 50 km of the Line of Control (LoC), Line of Actual Control (LAC), or the International Border have been designated as "sensitive areas". This includes areas within 20 km of the International Border for which a separate no-objection certificate (NOC) will be required from the Ministry of Defence. Projects that are required to reapply under these guidelines will also be subject to these provisions. "All solar, wind and hybrid energy projects within 5

Solar cell capacity to reach 100 Gw in a year, says MNRE secretary

MNRE Secretary Santosh Sarangi says the government is also working on a support scheme to encourage polysilicon manufacturing and deepen India's solar supply chain.

Next phase of Green Energy Corridor to cover 10,000 ckm: Pralhad Joshi

The Centre is planning the next phase of the Green Energy Corridor, spanning 10,000 circuit km, to strengthen renewable power evacuation and support India's energy transition

India's non-fossil fuel power capacity crosses 300 GW: Pralhad Joshi

Union minister Pralhad Joshi on Thursday said India's non-fossil fuel electricity generation capacity has already crossed the 300 GW mark and the nation is on track to achieve its target of having 500 GW of renewable energy by 2030. Speaking at the 7th CII International Energy Conference & Exhibition here in the capital, the minister informed that between January to June, in just six months, 30.58 GW of non-fossil fuel-based electricity generation capacity was added, which is 25 per cent higher than the corresponding period of the last year. In the last two years, India added 90 GW of renewable energy or non-fossil fuel-based capacity. The Union New & Renewable Energy Minister said, "Our non-fossil fuel-based capacity has crossed 300 GW, and we are firmly on our path to achieve 500 GW by 2030." The minister also urged the industry leaders to invest more in Research & Development. He also stated that India has already crossed the 50 lakh household milestone under the PM ...

Govt weighs industry proposals for next phase of rooftop solar scheme

The Ministry of New and Renewable Energy is consulting industry stakeholders on the next phase of the PM Surya Ghar Muft Bijli Yojana, including proposals on battery storage and rural expansion.

India's transmission grid beat back summer surge, but capacity risks remain

Investments in transmission capacity, digital systems, grid-stability technology helped India manage record summer demand, though experts warn that generation reserves, distribution remain weak links

Solar energy's boom in Europe is reaching places once deemed too dark

Across the Nordic region, for the first time, investors and utilities added more new solar capacity than wind in 2025, a lead expected to continue this year

NIT Rourkela develops advanced composite for aerospace, auto sectors

The patented three-dimensional reinforced composite technology improves strength, durability and damage tolerance for applications ranging from aerospace to renewable energy

Cabinet clears ₹5,070 crore scheme for 5 GW floating solar projects

The Pradhan Mantri Surya Sarovar Yojana will support 5 GW of floating solar projects with energy storage systems and central financial assistance until FY33

Avaada achieves $1.3 billion financial closure for 2.15 GW portfolio

The funding from SBI, REC and Canara Bank will support hybrid and utility-scale solar projects being developed for Maharashtra and Gujarat state utilities

Tata Power begins work on Rs 5,750-crore Andhra renewable project

TPREL's 800 MW project combines solar, wind and battery storage under Andhra Pradesh's clean energy policy, with completion expected to boost renewable capacity

NTPC builds more renewable energy capacity than coal for first time

Energy giant shifts focus from thermal power to solar, wind

PM chairs 4th CCS meet on West Asia, orders uninterrupted fertiliser supply

Prime Minister directs ministries to ensure uninterrupted fertiliser supplies for the Rabi season and strengthen support for Indian seafarers affected by the conflict

Waaree Energies Q1 net profit up 15%; revenue climbs 79% on strong demand

Solar major's order book stands at around Rs 61,500 crore as it expands cell manufacturing and battery energy storage capacity in Gujarat

MHI holds pre-bid meeting for final 10 GWh ACC battery PLI allocation

Final tranche under the ₹18,100-crore PLI scheme is reserved for grid-scale energy storage systems to support renewable energy integration

ACME Solar secures ₹3,404 crore PFC funding for 250 MW FDRE project

The 19-year funding will support a solar, wind and battery storage project across Rajasthan and Gujarat, backed by a 25-year power purchase agreement with NHPC