Latest news with #PradhanMantriSuryaGharMuftBijliYojana
Hans India
6 days ago
- Business
- Hans India
Eluru dist ranks first in State
Eluru: APEPDCL SE Salman Raju said that Eluru district has stood first in the state in the Pradhan Mantri Surya Ghar Muft Bijli Yojana scheme. He said that 2353 household electricity consumers have installed solar panels. The central and state governments have taken a key decision to encourage household electricity consumers to use renewable energy. As part of the PM Surya Ghar scheme, a subsidy of Rs 30,000 per kilowatt for the first and second kilowatt and Rs 18000 for the third kilowatt is being given for the installation of solar panels, up to a maximum of Rs 78,000. He said that 2,353 household electricity consumers in the district have installed 7.8 MW solar panels with a subsidy of Rs 12.14 crore and are generating about one million units per month. He said that the department is refunding Rs 2.09 paise per unit for the surplus units consumed. He said that efforts are being made to develop 5 villages in Eluru district, namely Dwaraka Tirumala, Duggirala, Chinanindrakolanu, Tadikalpudi and Errampet villages, as model solar villages. He said that 27,053 SC and ST household electricity consumers in the district have been identified and tenders have been invited through NEDCAP on July 3 for installing a total of 54.11 MW rooftop solar panels at the rate of two kilowatts per household. He said that by using solar energy, we will not only reduce carbon emissions that affect the environment but also do a lot of good for the environment. He said that a 750 KW solar power plant has been set up under a pilot project in G Kothapalli village of Dwaraka Tirumala mandal in Eluru district under the auspices of Andhra Pradesh Eastern Power Distribution Company and thus a plan has been prepared to provide free electricity to the government panchayat offices and residential consumers in Dwaraka Tirumala panchayat. As part of the Pradhan Mantri Kusuma scheme, two experimental agricultural power consumers in Pedavegi and T Narasapuram mandals of Eluru district were selected and solar panels were installed free of cost and free agricultural power was provided to them.
Business Upturn
04-07-2025
- Business
- Business Upturn
Tata Power Adds 45,589 Rooftop Solar Units in Q1 FY26, Sets Record
Tata Power Renewables set a new record in Q1 FY26 with 45,589 rooftop solar installations, marking a 416% YoY growth and pushing total capacity past 3.4 GW. By Riddhima Jain Published on July 4, 2025, 16:38 IST Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, recorded its highest-ever rooftop solar growth in Q1 FY26, achieving 45,589 new installations and adding 220 MW of capacity. This marks a 416% year-on-year increase compared to Q1 FY25, when the company installed 8,838 systems. With this milestone, TPREL's total rooftop solar installations now exceed 2.04 lakh, pushing the company's cumulative installed capacity beyond 3.4 gigawatts (GW). The surge further strengthens Tata Power's leadership in India's rooftop solar segment and supports national efforts toward decentralised renewable energy adoption. The record-breaking additions contribute directly to the government's Pradhan Mantri Surya Ghar Muft Bijli Yojana (PMSGY). TPREL is actively implementing this scheme through its 'Ghar Ghar Solar' campaign, aimed at promoting residential rooftop solar adoption across India. TPREL serves residential, commercial, and industrial customers, with more than 1.8 lakh installations in the residential sector alone. The company's services are supported by a wide network of 604 channel partners and 240 authorized service providers, covering over 900 cities nationwide. In addition to installations, TPREL is expanding its manufacturing capabilities, with a 4.3 GW solar cell and module production capacity in India. This end-to-end solar value chain—from manufacturing to rooftop deployment—positions Tata Power as a key contributor to India's clean energy targets, including the national goal of achieving 500 GW of non-fossil fuel capacity by 2030. Ahmedabad Plane Crash
Mint
04-07-2025
- Business
- Mint
Tata Group stock Tata Power declares Q1FY26 update, achieves record growth in rooftop solar installation
Tata Group stock Tata Power, a key player in India's renewable energy space announced a strong business update for the quarter ending June 2025 (Q1FY26). The company's renewable energy arm, Tata Power Renewable Energy Limited (TPREL), reported record rooftop solar installations during the quarter, reaffirming its leadership in the distributed solar segment. However, the update had limited impact on the stock price, which remained range-bound in Friday's trade. In its official update, Tata Power said that TPREL achieved a staggering 45,589 rooftop solar installations in Q1FY26 — a massive 416% year-on-year growth compared to just 8,838 installations in the same quarter last year. The company said this record-breaking performance further strengthens its position as India's No. 1 rooftop solar provider. The Q1FY26 installations pushed TPREL's cumulative rooftop solar capacity beyond 3.4 GW, spread across a total of 2,04,443 installations. Tata Power said this expansion showcases its key role in driving India's clean energy transition and contributes meaningfully to the national target of achieving 500 GW of non-fossil fuel capacity by 2030. The company highlighted its active role in supporting the government's Pradhan Mantri Surya Ghar Muft Bijli Yojana through its 'Ghar Ghar Solar' campaign. TPREL has been delivering customized rooftop solar solutions to residential, commercial, and industrial clients across the country, thereby furthering the goal of decentralized solar energy adoption. TPREL has created a formidable distribution and service network across the country, enabling its rapid growth. The company now has 604 channel partners across 400 cities and 240 authorized service partners spanning 560 cities. With a customer base of more than 2 lakh — including over 1.8 lakh residential customers — TPREL has firmly established itself as a trusted rooftop solar partner in India. Besides rooftop installations, Tata Power is also expanding its footprint in solar manufacturing. The company highlighted that it now possesses a robust manufacturing capacity of 4.3 GW for solar cells and modules within India. Coupled with its 3.4 GW installed rooftop capacity, this dual presence underscores its scale and ambition to support India's energy security and sustainability efforts. 'TPREL's consistent performance underscores its commitment to a cleaner energy future. Its efforts not only align with the national goals but also position it as a leading player in the complete solar energy value chain — from manufacturing to installation and service,' the company noted in the filing. Despite the robust business update, Tata Power shares saw a muted reaction on Friday, July 4. The stock touched an intra-day high of ₹ 403.50, gaining around 1 percent, but later slipped into the red to hit a low of ₹ 398.70. Over the past year, the Tata Group stock has corrected nearly 8 percent. So far in July, it is down a little over 1 percent after gaining for four straight months — up 3.2 percent in June, 2.2 percent in May, 2.4 percent in April, and a strong 10.7 percent in March. Before this rally, the stock had declined 7 percent each in both January and February 2025. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
04-07-2025
- Business
- Business Standard
Tata Power Renewable Energy records a stellar 416% YoY growth in rooftop solar installation in Q1 FY26
Tata Power Renewable Energy (TPREL), a subsidiary of The Tata Power Company, has delivered a record breaking performance in Q1 FY26, reinforcing its market leadership in rooftop solar. TPREL has achieved an unprecedented 45,589 rooftop solar installations in Q1 FY26, marking a staggering 416% year-on-year growth compared to 8,838 installations in Q1 FY25. This milestone highlights Tata Power's unwavering commitment to driving India's clean energy transition. The Q1 FY26 installations propelled TPREL to a nationwide total of 2,04,443 rooftop solar installations, with cumulative capacity surpassing 3.4 GW. This milestone not only reflects TPREL's rapid growth but also underscores its pivotal role in accelerating India's renewable energy transformation. This milestone highlights TPREL role as a key enabler of India's decentralised renewable energy transition and supports the national goal of achieving 500 GW of non-fossil fuel capacity by 2030. By accelerating rooftop solar installations, TPREL is actively supporting the Government's vision to boost solar adoption under the Pradhan Mantri Surya Ghar Muft Bijli Yojana through its flagship Ghar Ghar Solar campaign. Delivering tailored solar rooftop solutions across residential, commercial, and industrial sectors, TPREL is playing a vital role in advancing India's energy security and sustainability ambitions.
Time of India
26-05-2025
- Business
- Time of India
Gujarat chief minister Bhupendra Patel attends Niti Aayog governing council meet in Delhi
Gandhinagar: Speaking at the 10th governing council meeting of Niti Aayog in Delhi on Saturday, chief minister Bhupendra Patel said that the Gujarat State Institution for Transformation (GRIT) will institutionalise the vision of achieving the goals set for 2047. GRIT has been modelled on the lines of Niti Aayog. Prime Minister Narendra Modi chaired the governing council meeting of Niti Aayog. Quoting the CM, an official statement said that a digital dashboard and over 500 key performance indicators (KPIs) will be implemented for data-driven decision-making as part of the monitoring mechanism of the Viksit Gujarat@2047 vision. The CM said that under the development of the implementation roadmap, strategies are being developed to implement projects in key sectors like water resources, agriculture, energy, sports, health, school education, and skill development. Patel added that under the regional economic planning segment, the Surat Economic Region Development Master Plan is underway, and Regional Economic Master Plans are being prepared for five additional regions across the state. Poll Do you think the implementation of over 500 key performance indicators (KPIs) will improve governance in Gujarat? Yes, it will help No, it won't make a difference Patel stated that Gujarat has prioritised green growth and renewable energy in alignment with the Union govt's vision. He added that under the Pradhan Mantri Surya Ghar Muft Bijli Yojana, the state completed 3.36 lakh solar rooftop installations, accounting for 34% of the total installations under this scheme in the country. The meeting in Delhi was attended by chief ministers of all states. State chief secretary Pankaj Joshi also attended the Niti Aayog governing council meeting, the statement added.
