The size of the order is Rs 212 crore, the company said. Homegrown Solar Group is into manufacturing of industrial explosives
Solar Industries Nagpur on Friday said it has bagged an order to supply unmanned aerial vehicle (UAV) 'Nagastra' to the Indian Army, beating competitors from Israel and Poland. A Solar Industries official said with government's initiative to bring Atmanirbharta in ammunition and defence systems, the first indigenous Loiter Munition (LM), Nagastra1, has been designed and developed by Economics Explosives Ltd (EEL), a 100 per cent subsidiary of Solar Industries Nagpur, in association with Z-Motion, Bangalore. A model of 'Nagastra -1' loitering munition was recently displayed in the Army Commanders conference held in New Delhi. The company said that Nagastra -1 having an indigenous content of more than 75 per cent has many world class features. It said that in a 'Kamikaze mode' it can neutralise any hostile threat with GPS enabled precision strike with an accuracy of 2 m. The fixed wing electric UAV has an endurance of 60 min with a man-in-loop range of 15 km and autonomous mode range
Margins too should move up as the proportion of these segments improves in the revenue mix
Under solar manufacturing, module and capacity as of date is 11,500 MW, Minister of State for New and Renewable Energy Bhagwanth Khuba said
The government has set an ambitious target of 500 gigawatts of renewable capacity by 2030, which is about 5 times the current cumulative installations
Sector executives feel this would exacerbate the problems of domestic manufacturers of solar cells and modules.
ACME has a pilot at work in Rajasthan for producing green hydrogen and ammonia
InvIT to hold nine solar energy projects of 400 MWp in five states; definitive agreements signed for 76 MWp
The Goldman Sachs-promoted firm started its 'New Ventures' division to explore opportunities in energy storage, power transmission, floating solar, and wind-solar hybrid projects
Leading the manufacturing expansion is Adani Mundra, which is planning to add another 1 Gw of capacity
We need at least over Rs 3 or Rs 3.20 to get viable, says Mytrah Energy Chairman Ravi Kailas
Chinese solar power stocks plunge as govt slash subsidy to contain industry size
Import curbs on Chinese panels and modules may help but low demand and capacity remain problems
Govt needs to reserve capacity to push indigenous manufacturing: Tata Power Solar