The funding will support Navitas’ backward integration strategy as the company expands across India’s domestic solar manufacturing value chain. Navitas currently operates in solar module and encapsulant manufacturing, engineering, procurement and construction (EPC), battery energy storage systems (BESS) and renewable power generation.
The Surat-headquartered company also plans to enter wafer and ingot manufacturing. Its proposed solar cell facility is expected to deepen its upstream presence as India seeks to increase local production and reduce dependence on imported components. Centrum Capital’s Infrastructure Advisory arm acted as Navitas’ exclusive financial adviser for the transaction.
Founded in 2013, Navitas manufactures Mono PERC and N-Type TOPCon solar modules ranging from 40 Wp to 720 Wp. The company is also developing advanced technology capabilities, including work on TOPCon technology and a partnership with Caelux for Perovskite-TOPCon Hybrid Tandem modules.
The investment expands responsAbility’s clean-energy exposure in India, where its portfolio includes Ampin Energy Transition, August Energy and Euler Motors. Navitas said the capital would improve financial flexibility, help scale operations and strengthen manufacturing capabilities, while the company intends to focus on governance, environmental practices and responsible employment during its expansion.
Navitas has secured growth capital of up to US$20 mn from Swiss impact asset manager responsAbility to support its expansion into solar cell manufacturing, including a planned 2.2 GW facility in India. The investment is being made on behalf of responsAbility’s investors through its Asia Climate Fund. The funding will support Navitas’ backward integration strategy as the company expands across India’s domestic solar manufacturing value chain. Navitas currently operates in solar module and encapsulant manufacturing, engineering, procurement and construction (EPC), battery energy storage systems (BESS) and renewable power generation. The Surat-headquartered company also plans to enter wafer and ingot manufacturing. Its proposed solar cell facility is expected to deepen its upstream presence as India seeks to increase local production and reduce dependence on imported components. Centrum Capital’s Infrastructure Advisory arm acted as Navitas’ exclusive financial adviser for the transaction. Founded in 2013, Navitas manufactures Mono PERC and N-Type TOPCon solar modules ranging from 40 Wp to 720 Wp. The company is also developing advanced technology capabilities, including work on TOPCon technology and a partnership with Caelux for Perovskite-TOPCon Hybrid Tandem modules. The investment expands responsAbility’s clean-energy exposure in India, where its portfolio includes Ampin Energy Transition, August Energy and Euler Motors. Navitas said the capital would improve financial flexibility, help scale operations and strengthen manufacturing capabilities, while the company intends to focus on governance, environmental practices and responsible employment during its expansion.
“Wabtec Corporation (NYSE: WAB) has secured orders worth approximately US$94 million (Rs 8.39 billion, or Rs 8,390 million) from Indian Railways for systems for the Vande Bharat Sleeper programme. The equipment is intended to increase service availability, simplify maintenance and improve passenger safety.Wabtec will supply onboard brake systems, doors and gangway solutions. Its scope also includes system delivery, integration support, testing, commissioning and long-term operational reliability support.Pascal Schweitzer, President, Wabtec Transit, said the orders reflect the company’s commi..
Godrej Properties is projected to achieve sales bookings of Rs. 415 bn in FY27, representing 22 per cent growth and exceeding its guidance of Rs. 390 bn. The company attributed the outlook to sustained consumer demand for residential projects across all its markets. Chairperson Pirojsha Godrej said the company remained on track to meet or exceed its annual targets for sales bookings, project launches, customer collections, project deliveries and land acquisition. Sales bookings in the first half of the financial year rose 7 per cent to Rs. 166.59 bn from Rs. 155.87 bn in the year-ago period. T..
Faridabad-based real estate developer RPS Infrastructure has awarded a construction contract worth more than Rs. 4.5 bn to KBE-Krishna Buildestates for Phase 3 of its flagship mixed-use development, RPS 12th Avenue. Spread across approximately 9 acres, the phase will include the Crosswalk mall and The Wisterias South, a residential development comprising three ultra-luxury towers. Phase 3 forms part of the wider 34-acre RPS 12th Avenue ecosystem on Main Mathura Road in Sector 27C, Faridabad. KBE will lead construction of the new phase, with the architectural blueprint already completed by glob..
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