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