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Waaree Solar signs $176 million deal to supply 586 MW modules in US

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Waaree Solar Americas, the US subsidiary of India’s Waaree Energies, has signed a solar module supply agreement worth $176 million with a US-based independent power producer (IPP). Under the agreement, Waaree will supply 586 MW of solar photovoltaic (PV) modules for four projects. The modules will be produced at Waaree’s facility in Brookshire, Texas, with deliveries scheduled across financial years 2026 and 2027. The modules will use domestically sourced components to meet the investment tax…

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SEIL to invest Rs 200 crore in breaker and switchgear panel capacity

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Schneider Electric Infrastructure Ltd (SEIL) plans to invest about Rs 200 crore to expand manufacturing capacity for circuit breakers and switchgear panels. The investment will support new facilities and upgrades aimed at both domestic and international markets. SEIL will invest Rs 90.60 crore to set up a new circuit breaker plant in Kolkata with an annual capacity of 40,000 units. The plant is scheduled for commissioning before the end of FY27. This will raise the…

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Cygni Energy opens 4.8 GWh BESS gigafactory in Hyderabad

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Cygni Energy has inaugurated a fully automated battery energy storage system (BESS) gigafactory in Hyderabad with an annual production capacity of 4.8 GWh.  The facility, developed with an investment of over Rs 1 billion, is located at E-Mobility Valley in Maheshwaram’s electronics manufacturing cluster. Spanning 160,000 sq. ft., the Phase-I plant will manufacture high-capacity battery packs for electric vehicles and grid-scale storage. Cygni has already secured a 1 GWh order pipeline from BESS developers and…

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Japan eyes manufacturing and solar energy partnerships in Rajasthan

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Japan has identified manufacturing and renewable energy, particularly solar energy, as key sectors for collaboration with Rajasthan.  This focus was highlighted during the Japan Country Session titled “Versatility of Industries: Manufacturing and Beyond” at the Rising Rajasthan Global Investors Summit in Jaipur on December 9, 2024. The session emphasized leveraging Japan’s advanced technologies, sustainability initiatives, and digital expertise to bolster Rajasthan’s industrial base.  Discussions explored potential partnerships to drive growth in renewable energy and manufacturing,…

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Kataria Industries acquires Ratlam Wires’ wire manufacturing business

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Kataria Industries has acquired the wire manufacturing business of Ratlam Wires for approximately Rs 310 million.  The acquisition, valued at Rs 306 million, is structured as a slump sale, with the business continuing as a going concern. This move is expected to enhance Kataria’s presence in the steel wire industry. Ratlam Wires produces various steel wire products, including spring steel wires, PC strand wires, and both galvanized and ungalvanized wires. Arun Kataria, Managing Director of…

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Hithium Energy and MANAT to establish BESS manufacturing facility in Saudi Arabia

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Hithium Energy Storage Technology has partnered with Nabilah AlTunisi’s company, MANAT, to launch a joint venture named Hithium MANAT. The venture will establish a battery energy storage systems (BESS) manufacturing facility with a 5 gigawatt-hour (GWh) annual production capacity in Saudi Arabia.  This marks one of the first advanced BESS manufacturing plants in the Kingdom and the wider MENA region, supporting Saudi Arabia’s Vision 2030. The partnership was announced at the Solar & Storage Live…