Solarium Green IPO Launched- Company Seeks to Raise Rs 105 crore Updated On Thu, Feb 6th, 2025 by Saurenergy Ahmedabad-based Solar EPC and O&M provider Solarium Green Energy has launched its IPO today. The IPO comprises a fresh issue of 54,99,600 Equity Shares of ₹ 10 each at a price band of Rs 181-191. Thus, at the upper end of the price band, the company is looking to raise Rs 105.04 crore. The shares will […] Read more
Ladakh: Solar-Hydrogen-Microgrid To Supply Power To Indian Army Updated On Wed, Feb 5th, 2025 by Saurenergy Indian power behemoth NTPC and the Indian Army have signed a Power Purchase Agreement (PPA) for the sale of 200 kW renewable energy-RTC (Round The Clock) power from a solar-hydrogen-based microgrid. This project in Chushul (Ladakh) will supply energy for the next 25 years. The agreement was signed by DMR Panda, CGM (NTPC-Hydrogen), and Aditya […] Read more
Inox Wind Q3 FY25: Revenue Up 96%, EBITDA Jumps 192% YoY Updated On Sat, Feb 1st, 2025 by Saurenergy Inox Wind Limited (IWL), a wind energy solutions provider announced a strong show for its financial results during the quarter ended December 31, 2024. In the quarter, the company’s order execution increased 82% YoY to 189 MW. The company’s revenue increased 96% year-over-year (YoY), and its EBITDA also grew 192% YoY. IWL’s order book stood […] Read more
As India Goes Past 100 GW Solar Milestone, No Time To Rest Updated On Wed, Jan 29th, 2025 by Saurenergy If ever there was a better use of the term turning point, inflection point, or simply the year when everything fell into place, 2024 would probably come the closest for the Indian solar market. These 365 days proved to be a harbinger of several good news for the different stakeholders in the industry, including solar […] Read more
Q3 FY25: ACME Solar’s PAT Up By 152% YoY, PAT Margin At 28% Updated On Wed, Jan 29th, 2025 by Saurenergy ACME Solar Holdings, in its Q3 FY25 financial results, reported a 152% year-over-year (YoY) increase in Profit After Tax (PAT). It also reported a 632.5% jump in its net profit on a Quarter-On-Quarter (QoQ) basis. The PAT margin reached 28%, while the net debt-to-equity ratio stood at 1.6x. The company’s total revenue increased by 9.9% […] Read more
Solar Manufacturing Firm Karamtara To Issue Rs 1750cr IPO Updated On Thu, Jan 23rd, 2025 by Saurenergy Solar manufacturing company Karamtara Engineering is all set to launch an Initial Public Offering (IPO) worth ₹1,350 crore. The firm plans to enter the Indian stock exchange to expand its business, particularly in the country’s renewable energy sector. The proposed IPO comprises a fresh issue of ₹1,350 crore and an offer for sale (OFS) worth […] Read more
Solar Glass: Borosil Renewables Halts German Unit To Cut Losses Updated On Fri, Jan 17th, 2025 by Saurenergy Indian solar glass manufacturer Borosil Renewables has implemented its plan to temporarily halt solar glass production at its German plant. The Board of Directors had previously planned this move to reduce losses at the plant due to low demand for solar glass in the European market. Borosil Renewables produces solar glass in Germany through GMB […] Read more
Premier Energies Subsidiaries Get Solar Cells, Module Orders From Two IPPs Updated On Wed, Jan 15th, 2025 by Saurenergy Subsidiaries of Telangana-based Premier Energies have secured multiple solar cells and module supply orders. The company got the order totaling Rs.1460 crore from two large Independent Power Producers (IPPs) and others. Sharing the estimated timeline for the order, the company noted, “The supply of these modules is scheduled to commence in May 2025.” The subsidiaries […] Read more
Poly Medicure, AMPIN Form JV For Haryana Solar Project Updated On Mon, Jan 13th, 2025 by Saurenergy Poly Medicure, a medical devices manufacturer and exporter, recently formed a Joint Venture Company (JVC) with AMPIN Energy Transition (formerly Amp Energy), to establish a solar power project. The collaboration aims to set up a solar power project, to supply power to the company as a captive generating plant for the company’s manufacturing facility, in […] Read more
