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Kone India eyes further growth in elevator market Eyes strong growth in 2016-17 ITC chairman calls for policy impetus to transform agriculture He excels in the nuts and bolts of entrepreneurship 29 per cent jump in TCS revenues Back in growth mode E.I.D Parry (India) Ltd: another sweet year Gamesa to set up a plant in Nellore TVS Srichakra plans capacity expansion From the toughest to the best year Emami – a new growth mantra Last stages PSU non-life firms seek to protect share ITC – steep excise hike Daimler grows sales and share in India Tata Motors charts investments in PV and CV businesses AL secures orders for 3600 buses Sundram Fasteners rejigs international Rane targets Rs.5500 crore topline by 2018-19 Yamaha unveils scooter boutique Ponni Sugars (Erode) Ltd: not so sweet 2012-13 RoC in the dock... Forging industry worried over lower supply of steel and its price TN government keen on revival of operations at Nokia complex Preparing for the next growth curve Daimler’s truck exports from Chennai cross 5000 units LVB posts 31 per cent growth in Q1 net profit Smooth sailing of SAIL L & T’s floating dock for navy Maruti – for young buyers AL introduces Guru & Partner Smartphone onslaught by Chinese brands TVS Automobile invests Rs.75 crore in start-up firms When small is not so beautiful… M & M unveils driverless technology for tractors Mercedes-Benz sales continue to zoom Tata Steel, ThyssenKrupp sign MoU to merge European units The unexpected exit CAPITAL NOTES Land wars Is this a generation gap? Consolidating leadership position in smartphones Chinese smart phones flourish in small towns too! HPCL plans Rs.61,000 crore capex over 5-years AL wins Deming prize again TI Cycles plans retail expansion to drive sales for premium bicycles A welcome initiative-even critics are recognised Tata Motors joins compact SUV bandwagon with Nexon Right to privacy – now it’s fundamental! Shriram Life clocks more than Rs.1000 crore premium in 2015-16 PPP model for infrastructure development Tata Motors aims to be among the Top 3 global CV & PV firm Dish TV – subscriber additions encouraging Hyundai to focus on SUVs and AMT variants Bajaj Finserv – Q1: fare well Wabco launches safety system Carnival Films acquiring 3000 screens pan India L & T set bigger ambitions in defence business L&T profit up by 11 per cent Tata Motors bets on new launches Increasing market share Hyundai India achieves 7 mn production at Chennai factory Sivasankaran enters taxi space to take on Uber and Ola Ode to Ratan Tata It takes two to tango Titan Company – sales recovery to kick in Vellayan is back, after 150 days Nissan exit shouldn’t affect ALL Welcome focus to improve rural India... Are they really independent? Michelin to double Chennai capacity IOB on turnaround path Singur minus Nano – victory or folly? Tata gets 4-star rating for Zest New India Assurance posts impressive show V-Guard launches app-enabled water heater system Solar installations exceed 2015 capacity in five months The gainers and the losers Aurobindo Pharmacy: good turnaround Record two-wheeler sales A niche in FMCG business... L&T bags the Mumbai Trans-harbour link order Toyota and Suzuki to introduce EVs in India by 2020 Hindalco – re-rating Housing demand revival
 
Solar installations exceed 2015 capacity in five months

New installations in the solar sector stood at 2.2 GW during the first five months of 2016, according to Mercom Capital, a global clean energy communications and consulting firm.

 “Cumulative solar installations in India crossed the 7.5 GW mark as of May 2016 with about 2.2 GW installed so far this year, more than all of the solar installations in 2015. India’s solar project pipeline has now surpassed 22 GW with about 13 GW under construction and about 9 GW in the request for proposal (RfP) process,” it said.

Government’s strong commitment to renewables and its push towards solar have begun to show results, as solar represented 2.5 per cent of the net installed capacity in India at the end of 2015-16, up from 1.4 per cent a year ago. Also, it was the fastest growing new energy source in the country.

Solar accounted for 17.4 per cent of all renewable energy generation in 2015-16 compared to 10.5 per cent in 2014-15.

 “The Indian solar market is growing in size but the question is: is it too much and too fast, as infrastructure and systems have not kept pace with auction announcements. For the sector to move from 2 GW to 10 GW market, work still needs to be done,” said Raj Prabhu, CEO and Co-Founder of Mercom Capital Group.

Low bidding levels through reverse auctions have been a major concern at a time when the Indian banking sector is going through its own challenges, which could make borrowing much more difficult in the short-term, it said.

 

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