Latest news with #GrewEnergy
Time of India
14-07-2025
- Business
- Time of India
Madhya Pradesh CM Mohan Yadav in Dubai: Solar deal set to secure ₹3,000 crore investment for state
Madhya Pradesh Chief Minister Mohan Yadav on Monday held a meeting with Vinay Thadani, CEO and Director of Grew Energy Private Limited, in Dubai, securing proposed investments that will bolster the state's sustainable energy sector and create numerous job opportunities. Confirming the company's existing commitment of ₹3 ,000 crore to Madhya Pradesh, Thadani said, 'Commercial operations for the Narmadapuram project are anticipated to begin in March 2026.' The meeting was a key highlight of Yadav's ongoing official visit to Dubai and Spain, which aims to attract global investment and foster technological collaboration under the "Global Dialogue 2025" initiative. The MP Chief Minister's Office stated in a post on X, "The meeting focused on the special industrial assistance provided by the state government for the 3.0 gigawatt solar cell project to be established in Narmadapuram district. It is noteworthy that this project will create over 700 employment opportunities and will prove to be a significant initiative in establishing Madhya Pradesh as a leading state in the sustainable energy sector'. Commitment to clean energy and economic growth Thadani also expressed optimism about significant further expansion, projecting investments could eventually reach ₹10,000 crore in the coming years. This includes future investments not only in the renewable sector but also in textiles, flexible packaging, and other sectors where Grew Energy's user base is already present. Chief Minister Yadav's visit to the UAE and Spain, scheduled from July 13 to July 19, is part of a broader strategy to attract international investment, encourage technology transfer, and create new employment avenues across various sectors.
Time of India
22-04-2025
- Business
- Time of India
Grew Energy rides strong growth momentum as part of Chiripal Group
Grew Energy rides strong growth momentum as part of Chiripal Group As India accelerates its transition to clean energy, the solar power sector is witnessing unprecedented growth. With a national vision to achieve net-zero carbon emissions by 2070, the focus has shifted to building robust infrastructure, advancing research capabilities, and driving technological innovation in renewable energy . Among the states leading this transformation, Rajasthan has emerged as a strategic hub—home to some of the country's largest photovoltaic manufacturing facilities. Recent developments in solar panel technology, including the adoption of advanced testing standards and sustainable manufacturing practices, are playing a critical role in aligning industrial growth with environmental responsibility. These trends reflect a larger national movement where clean energy ambitions are supported not just by policy, but by concrete action on the ground—through enhanced manufacturing capabilities, local R&D, and backward integration across the solar value chain. This broader momentum has led to the creation of high-efficiency solar modules that are increasingly being adopted in commercial projects. Enhanced by localised production and lower carbon footprints, these solar solutions are catering to rising demand across diverse geographies in India. Additionally, several new players are contributing to this ecosystem by establishing vertically integrated facilities that go beyond module assembly to include ingot, wafer, and cell production—thus helping reduce dependency on imports. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Co-Founder of Google Brain, Andrew Ng, Is Reported To Have Read Every... Blinkist: Andrew Ng's Reading List Undo Among these contributors is Grew Energy , a young solar enterprise established in 2022 and backed by the Chiripal Group , a conglomerate with decades of expertise in manufacturing and infrastructure. With a current capacity of 3 GW in Jaipur and expansion plans underway to scale up to 8 GW by Q1 of 2026, the company is helping fortify India's solar capabilities. Grew Energy is also setting up a 3 GW solar cell manufacturing plant in Narmadapuram, Madhya Pradesh. It has established an in-house research and development center equipped with international-standard testing tools such as PASAN sun simulators and IEC-compliant durability testers. In addition to manufacturing, the company has been participating in large-scale solar power projects and introducing premium module technologies like TOPCon, known for their efficiency and reliability. Its long-term vision includes a three-stage backward integration strategy, with planned facilities for solar ingot, wafer, and PV cell production totaling 2.8 GW—further contributing to the self-reliance goals of the Indian solar sector. Such integrated, future-forward efforts reflect the kind of innovation and scale required to meet the country's renewable energy goals. As India charts its course toward becoming a renewable energy powerhouse, developments in this space signal not just industrial growth, but a collective movement toward a more sustainable future. Disclaimer - The above content is non-editorial, and TIL hereby disclaims any and all warranties, expressed or implied, relating to it, and does not guarantee, vouch for or necessarily endorse any of the content. Stay informed with the latest business news, updates on bank holidays and public holidays . Master Value & Valuation with ET! Learn to invest smartly & decode financials. Limited seats at 33% off – Enroll now!
