Solar Industries

The accord comes as China's solar industry contends with overcapacity, heightened geopolitical tensions and slowing demand

Under the terms of the order, Solar Industries will be responsible for the supply of defence products for international clients, the company said.

Shares of Solar Industries India hit a new high of Rs 11,186.20, as they rallied 11 per cent on the BSE in Tuesday's intra-day trade on healthy business outlook.

The rise in drone-related incidents along India's Northern borders underscores the urgent need for indigenous capabilities in utilising drones and UAVs for combat applications

Gensol Engineering on Tuesday announced the appointment of Shilpa Urhekar as Chief Executive Officer (CEO), Solar EPC (India). Urhekar will succeed Ali Imran Naqvi, who has been nominated to oversee the growth of Gensol Engineering Ltd and its subsidiaries, the company said in a BSE filing. Before joining Gensol, Urhekar served as the Country Head (India) at Sterling and Wilson Renewable Energy Ltd (SWREL), where her tenure saw successful bidding and execution of 6 Gigawatt (GW) renewable energy projects. She managed the multi-gigawatt Solar EPC projects across India. Under her guidance, SWREL achieved positive bottom-line growth and completed projects ahead of schedule. With over two decades of experience in the renewable energy industry, Urhekar's appointment marks a pivotal moment for Gensol's leadership team. She will primarily focus on strengthening the company's solar EPC business and solidifying its position as a key player in India's renewable energy landscape, according

The curbs are part of Prime Minister Narendra Modi's effort to gain self-dependence in energy by encouraging local solar panel output

Shares of Solar Industries hit an all-time high of Rs 8,686, on rallying 6 per cent in Friday's trading session.

The factory, as per reports, produces products for like industrial and military explosives, as well as propellants and warheads

US industry's souring outlook could hurt Biden's climate agenda

A solar-powered tech venture that is combating food waste in India is among 15 worldwide finalists competing for the GBP 1 million 2023 Earthshot Prize, founded by Britain's Prince William and dubbed the Eco Oscars'. S4S Technologies, founded in 2013 by seven university friends Nidhi Pant, Vaibhav Tidke, Swapnil Kokte, Ganesh Bhere, Shital Somani, Tushar Gaware and Ashwin Pawade, is shortlisted in the Earthshot Prize to Build a Waste-Free World category as the finalists were unveiled by the royal during a visit to New York on Tuesday. S4S, which stands for Science for Society, made the cut for its work in tackling food waste, rural poverty, and gender inequality by helping smallholder female farmers preserve and market surplus produce. The organisation provides rural communities with cheaper solar-powered conduction dryers and food processing equipment to prepare their crops on-site, rather than using cold storage or other more expensive methods of conventional industrial food ...

Declining installation and project delays impact India's solar industry growth, according to the 'Q1 2023 India Solar Market Update' report by Mercom India

The size of the order is Rs 212 crore, the company said. Homegrown Solar Group is into manufacturing of industrial explosives

Corporate funding in the global solar sector increased 11 per cent year-on-year (y-o-y) to USD 8.4 billion in January-March period of 2023, according to a Mercom Capital report. Corporate funding includes venture capital, debt and public market financing. "The investments in the solar sector bucked the trend in Q1 despite tough economic conditions. The Inflation Reduction Act in the US is a significant driver for investments in solar. The fundamentals are solid, driven by strong demand for the energy transition worldwide, especially in Europe and the United States," said Raj Prabhu, CEO of Mercom Capital Group. Total corporate funding into the solar sector in the first quarter of 2023 calender year came to USD 8.4 billion compared to USD 5.4 billion in the fourth quarter of 2022. Funding increased 11 per cent y-o-y compared to USD 7.5 billion raised in Q1 2022, the report said. During January-March 2023, global VC funding was at USD 2.1 billion in 18 deals, 75 per cent higher compa

The Atmanirbhar Bharat Abhiyan of the GoI, which is aimed at curtailing import dependence and increasing the sourcing of indigenous defence products, also presents large growth opportunities.

The company has signed a contract worth of Rs 409 crore to supply 1 million pieces of multimode hand grenade to the Ministry of Defence

Explosives and explosive accessories manufacturer Solar Industries today reported 14.63 per cent rise in consolidated net profit for the quarter ended December 31 at Rs 47.52 crore on the back of higher sales. The company had reported a net profit of Rs 41.52 crore in the corresponding quarter last fiscal. Its total income for the October-December quarter increased to Rs 463.53 crore from Rs 412.68 crore in Q3FY16, registering a growth of 12.32 per cent. "There was a growth of 12.32 per cent when we compare it on YoY basis. However, on quarter-on-quarter basis the growth is 33 per cent which shows a significant recovery. This growth came in spite of demonetisation and translational losses, which is due to devaluation in foreign currency," company's Managing Director and CEO Manish Nuwal said. He said the company has already taken effective steps to mitigate the losses arising from weakening of currency, and as a result of which, the effect of translational losses will get ...

Firm plans to start making bulk explosives and cartridges in South Africa, with a total capacity of 30,000 metric tonnes

The stock was up 5% at Rs 3,250 on the BSE.