Latest Project Updates
Rs.7933 Million New Solar Cell and Module Mfg. Unit
Executive Summary: A new solar cell and module manufacturing facility with a capacity of 3,000 MW is being set up, costing Rs. 7933.6 million. As of October 2024, the company has filed draft papers with market regulator Sebi to raise funds through an initial public offering (IPO) to support this expansion and strengthen its presence in the renewable energy sector.
New Electrolyzer Mfg. Factory in India
Executive Summary: A new electrolyzer manufacturing factory is planned in India through a joint venture, with a 1 GW production capacity. The facility aims to assemble at least 100 MW annually in the initial phase and is expected to start operations by early 2026. Potential locations have been identified, and final site selection will be confirmed in the coming month. Pre-project activities are ongoing as of September 2024.
Ethanol Production Expansion Project in India
Executive Summary: An ethanol production expansion project is planned in India, focusing on increasing output using B-heavy molasses, which led to a reduction of 16,788 MT in sugar production in FY24. The initiative aligns with India's goal of enhancing ethanol blending in fuel, supporting renewable energy efforts. Pre-project activities, including feasibility studies and regulatory approvals, are currently in progress as of August 2024.
New Electrolyser Giga Factory in India
Executive Summary: A new Electrolyser Giga Factory is planned in India, utilizing pressurized alkaline technology from a U.S. start-up. The plant is expected to be operational by 2026 with an initial capacity of 500 MW, expanding to 1 GW by 2027. The project was announced in August 2024, marking a key advancement in India's renewable energy sector.
Rs.620 Million New Sunroof Products Mfg. Project in India
Executive Summary: A new sunroof products manufacturing project is planned in India, with a production capacity of 80,784 units per annum set for FY 2026-27. The project, estimated to cost Rs.620 million, has received board approval as of August 2024. This expansion aims to enhance the company’s product range and market position in the automotive sector.
New 400 MW ISTS-Connected Wind-Solar Hybrid Power Project in India
Executive Summary: A new 400 MW ISTS-connected wind-solar hybrid power project in India involves setting up wind-solar projects and a transmission network. The hybrid power developer will handle land identification, installation, and approvals for interconnection with the ISTS or STU network to supply power. As of July 2024, bids have been invited to select developers for the project.
New Wind-Solar Hybrid Power Project in India
Executive Summary: A new 300 MW ISTS-connected Wind-Solar Hybrid Power Project is planned in India, combining wind and solar energy for sustainable power. As of June 2024, the project has received a Letter of Award from the Solar Energy Corporation of India Limited, marking a key milestone in its development.
Rs.50000 Million New Cathode Plant in India
Executive Summary: A new Cathode Plant project is planned in India, with an estimated cost of Rs. 50,000 million. The company is considering Karnataka, Tamil Nadu, and Telangana as potential locations. This initiative aims to support the electric vehicle and energy storage sectors, enhancing manufacturing capabilities and contributing to sustainable energy efforts. The decision process is ongoing as of May 2024.
Rs.1230 Million New Sanitary Napkins Mfg. Plant in India
Executive Summary: A new sanitary napkin manufacturing plant is slated for construction in India, with an estimated cost of Rs. 1,230 million. This project, approved by the board of directors in April 2024, aims to address the crucial need for accessible menstrual hygiene products, emphasizing health and well-being.
Rs.3000 Million New Polyester Textiles Recycling Project in India
Executive Summary: A new Polyester Textiles Recycling Project in India, estimated at Rs.3000 million, will be executed by a subsidiary. Approved by the board of directors in April 2024, the project aims to recycle polyester textile waste to produce polyester chips, with an annual capacity of 26,250 MT/A.