Latest news with #PM-KUSUMScheme
Time of India
a day ago
- Business
- Time of India
MP govt to organise summit to promote solar energy on June 10: Official
Bhopal: To speed up its promotion on solar energy further, the Madhya Pradesh government will organise ' Suryamitra Agriculture Feeder Scheme Summit' in Bhopal on June 10, said an official on Friday. Based on the 'vocal for local' vision, the summit will be organised at Kushabhau Thakre convention center aimed at providing developers and stakeholders with detailed information about the bidding process, financial structuring, and technical specifications. "The state is consistently promoting solar energy by commissioning one plant after another, steadily increasing the share of solar energy in its power generation capacity. This summit is a step toward energy self-reliance, farmer empowerment, and clean energy leadership for Madhya Pradesh," the official said. He further stated that the Madhya Pradesh government has set a target for achieving 500 GW of solar capacity by 2030, and efforts are being made to involve different stakeholders, including farmers. "To make agriculture profitable and ensure 10 hours of power supply for irrigation, the state government has already set up around 8,000 dedicated agricultural feeders," the official said. Under the scheme, solar projects can be set up at a cent per cent capacity of the substation load. The Madhya Pradesh Urja Vikas Nigam has already floated tenders for the selection of developers for these projects. These projects will be operated under 25-year Power Purchase Agreements (PPAs) with the government. "An important aspect of solar energy is generating and utilising it at the point of consumption," he added. He further informed that to meet the energy needs of farmers, especially for irrigation by generating solar energy near their fields and creating income opportunities, the Ministry of New and Renewable Energy is implementing the PM-KUSUM Scheme .
Time of India
2 days ago
- Business
- Time of India
Apollo Green Energy plans entry into green hydrogen, BESS; eyes 1 GW EPC order book by 2026
New Delhi: Apollo Green Energy Limited is targeting a 1 GW EPC (Engineering, Procurement, and Construction) order book by 2026 and expanding into new segments such as green hydrogen , battery energy storage systems (BESS), and electric vehicle (EV) infrastructure as part of its long-term growth strategy. The company is currently executing over 400 MW of solar projects across multiple states and has a growing order pipeline of over ₹3,000 crore. A part of the Apollo International Group, Apollo Green Energy reported a consolidated revenue of ₹72,616 lakh for the financial year 2024–25. Its profit after tax stood at ₹4,436 lakh. The company declared a 15 per cent dividend for its shareholders for the year ending March 31, 2025. The firm is also advancing its Independent Power Producer (IPP) plans. It has established a 100 per cent subsidiary under the IPP model and secured its first two Power Purchase Agreements (PPAs) of 4 MW each under Component A of the PM-KUSUM Scheme with Jodhpur Vidyut Vitran Nigam Limited (JVVNL). 'This has been a productive year of execution and expansion. We have ongoing EPC projects with NHPC across Odisha, Kerala, and Gujarat totalling 290 MW (AC), along with the successful delivery of a ₹700 crore FGD project in Anuppur,' said Raaja Kanwar, Chairman and Managing Director, Apollo Green Energy. He added, 'Our solar streetlight project in Bihar, with over 1,40,000 installations, is set to significantly enhance energy access and public lighting. We are now focusing on scaling our EPC pipeline and expanding our presence in emerging areas like IPP and energy storage.' The company stated that it operates in eight states and follows an asset-light, technology-enabled business model. It is actively engaging with global partners for joint development of green hydrogen and long-duration storage projects. 'As we move forward, our goal is to grow responsibly, support climate objectives, and deliver reliable, cost-effective clean energy solutions across the country,' Kanwar said.
Business Standard
28-05-2025
- Business
- Business Standard
Onix Renewable Limited Embarks on 1,959 MW Solar Power Project Under MSKVY 2.0 in Maharashtra
SMPL New Delhi [India], May 28: In a landmark move reinforcing its leadership in the clean energy sector, Onix Renewable Limited has commenced development of a 1,959 MW solar power project under the Mukhyamantri Saur Krushi Vahini Yojana (under the PM-KUSUM Scheme), spearheaded by the Maharashtra State Electricity Distribution Company Limited (MSEDCL). This ambitious initiative is a pivotal step towards decentralised solar energy generation in the state, reflecting Onix Renewable's enduring commitment to India's renewable energy mission and the Government of Maharashtra's drive to empower agricultural and rural communities through clean power. Project at a Glance: * Total Capacity: 1,959 MW * Scheme: MSKVY 2.0 * Off-taker: MSEDCL SPVs: * NOPL Pace Green Energy Private Limited - 990 MW * NOPL Solar Projects Private Limited - 969 MW Project Objective: Decarbonize rural power supply, enhance agricultural productivity, and accelerate Maharashtra's energy transition. Development Status: * Land acquisition has been successfully completed across the majority of targeted sites. * Project execution is progressing at an accelerated pace, with plant design, engineering, and on-ground mobilization in full swing. * A significant portion of EPC allotments and construction activities are already underway across multiple locations in Maharashtra. * All efforts are being implemented in strict adherence to regulatory and environmental compliance, ensuring sustainable development and long-term project viability. Strategic Importance: This large-scale solar venture not only fortifies Onix Renewable Limited's role as a frontrunner in India's energy transformation but also aligns with national goals for green infrastructure, agricultural resilience, and rural electrification. "We are honoured to support the Government of Maharashtra and MSEDCL in realizing this transformative solar mission," said Mr. Divyesh Savaliya, Responsible Chairman & Managing Director, Onix Renewable Limited. "Through innovation, collaboration, and execution excellence, we aim to drive lasting impact for our investors, communities, and the environment." For more information, visit the website at
India Gazette
27-05-2025
- Business
- India Gazette
Onix Renewable Limited Embarks on 1,959 MW Solar Power Project Under MSKVY 2.0 in Maharashtra
SMPL New Delhi [India], May 27: In a landmark move reinforcing its leadership in the clean energy sector, Onix Renewable Limited has commenced development of a 1,959 MW solar power project under the Mukhyamantri Saur Krushi Vahini Yojana (under the PM-KUSUM Scheme), spearheaded by the Maharashtra State Electricity Distribution Company Limited (MSEDCL). This ambitious initiative is a pivotal step towards decentralised solar energy generation in the state, reflecting Onix Renewable's enduring commitment to India's renewable energy mission and the Government of Maharashtra's drive to empower agricultural and rural communities through clean power. Project at a Glance: * Total Capacity: 1,959 MW * Scheme: MSKVY 2.0 * Off-taker: MSEDCL SPVs: * NOPL Pace Green Energy Private Limited - 990 MW * NOPL Solar Projects Private Limited - 969 MW Project Objective: Decarbonize rural power supply, enhance agricultural productivity, and accelerate Maharashtra's energy transition. Development Status: * Land acquisition has been successfully completed across the majority of targeted sites. * Project execution is progressing at an accelerated pace, with plant design, engineering, and on-ground mobilization in full swing. * A significant portion of EPC allotments and construction activities are already underway across multiple locations in Maharashtra. * All efforts are being implemented in strict adherence to regulatory and environmental compliance, ensuring sustainable development and long-term project viability. Strategic Importance: This large-scale solar venture not only fortifies Onix Renewable Limited's role as a frontrunner in India's energy transformation but also aligns with national goals for green infrastructure, agricultural resilience, and rural electrification. 'We are honoured to support the Government of Maharashtra and MSEDCL in realizing this transformative solar mission,' said Mr. Divyesh Savaliya, Responsible Chairman & Managing Director, Onix Renewable Limited. 'Through innovation, collaboration, and execution excellence, we aim to drive lasting impact for our investors, communities, and the environment.' For more information, visit the website at (ADVERTORIAL DISCLAIMER: The above press release has been provided by SMPL. ANI will not be responsible in any way for the content of the same)
Business Standard
02-05-2025
- Business
- Business Standard
KSB Limited Posts Solid Q1 2025 Results with Sustained Growth and Stability
VMPL Pune (Maharashtra) [India], May 2: One of the worlds leading suppliers of pumps, valves and systems KSB limited have announced their Q1 results and it is remarkable in terms of sustained growth and stability .The Sales value for Q1 2025 is registered at INR 595 crores which is about a 9.4% increase over the corresponding quarter of 2024 and the Operating profit margin is at 11.4 %. The Major Highlights of this quarter has been to receive a Letter of Award Under PM-KUSUM Scheme Under Component B of Approx. 14 Crs Rs (1.47 Mio Euro) For 962 Solar Water Pumping Systems from Tripura Renewable Energy Development Agency. The company has also received a Letter of Award Under "Magel Tyala Saur Krushi Pump" Scheme Approx. 49 Crs Rs (5.16 Mio Euro) for 2000 Solar Water Pumping Systems from Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) KSB has successfully executed the major export orders for actuated valves and also launched a targeted TVC campaign in East & North zone to boost brand visibility and reinforce KSB's leadership in pump solutions across consumer segments. Summarizing the Q1 2025 performance, Mr. Prashant Kumar, Vice President - Sales and Marketing, KSB Limited, stated "This quarter, we registered steady growth in sales revenue, marking a 9.4% increase over the corresponding quarter in Q1 2024. The Solar segment continued to perform well, driven by various orders under the PM-KUSUM scheme. We are also witnessing strong momentum in our sunrise segments, including Domestic, Building, and Water & Waste Water (WWW)." He further stated, "We recently concluded the Asia West Dealer Conference in Goa, which brought together over 100 dealers. The event was a great success -- we recognized top performers and shared our vision for 2025, further strengthening our enduring partnerships. With this strong start to the fiscal year, KSB remains confident and committed to delivering excellence, advancing sustainability, and creating long-term value for all stakeholders." About KSB Limited KSB Limited Founded in 1960 in India is a part of KSB SE & Co KGaA., one of the world's leading suppliers of pumps, valves and systems. Combining innovative technology and excellent service to provide intelligent solutions, the company has been offering innovative and sturdy solutions to cater to the myriad needs of the Indian Customer may it be in power, oil, building services, process engineering, water treatment, water transport, etc. The activities of KSB's in-house research centre focus on the areas of hydraulics, sealing technology, materials, production technology and automation. Today the KSB group has a presence on all the continents with its own sales and marketing companies, manufacturing facilities and service operations. More than 15,000 employees generate annual consolidated sales revenue of over Two billion Euros. Contact: KSB Limited, Mumbai-Pune Road, Pimpri, Pune 411 018, Tel- +91 020 2710 1000.
