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.
Railway Minister Ashwini Vaishnaw on October 24 inaugurated the Satna-Devendranagar and Rewa-Churhat rail sections under the Lalitpur-Singrauli Railway Project in Madhya Pradesh. He also flagged off the new Devendranagar-Churhat passenger train service through video conferencing. Chief Minister Dr Mohan Yadav attended the event. The new Rewa-Churhat railway line, which extends approximately 65 km, was built at a cost of over Rs. 10 bn. The 53 km Satna-Devendranagar line was constructed at a cost of over Rs. 8 bn. The passenger service is expected to provide improved rail access to residents in..
Railways Minister Ashwini Vaishnaw will inaugurate the Satna-Devendra Nagar and Rewa-Churhat rail sections in Madhya Pradesh on October 24. The two sections have a combined length of 118 km and are intended to improve passenger and freight connectivity across the region. Vaishnaw will also flag off a new train service between Devendra Nagar and Churhat. Madhya Pradesh Chief Minister Mohan Yadav will attend the inauguration programme, according to information released by the Ministry of Railways. The 53-km Satna-Devendra Nagar section is expected to improve rail access to Satna, Nagod, Devendra..
ARSS Infrastructure Projects said its joint venture, ARSS SCPL JV, has secured an engineering, procurement and construction (EPC) contract valued at Rs. 2.4 bn from East Central Railway. The project involves railway doubling works in Jharkhand and forms part of the Koderma–Arigada railway doubling initiative. The contract covers a 29.5-km railway stretch between Kathuatia and Hazaribagh Town stations in the Dhanbad Division. The work is intended to add a second railway line along the identified section and includes the construction and installation activities required for the upgraded corrid..
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