Rooftop solar solutions provider SolarSquare recorded a 63.5% year-on-year growth in its operating scale, reaching Rs 175 crore in revenue in the last fiscal year. However, this growth came at a heavy cost, as the company’s losses surged 2.3X in FY24. SolarSquare’s revenue from operations grew to Rs 175 crore in FY24 from Rs 107 […]
Tata Power mulls to double capex to Rs 12k cr in FY24; focus on renewables – EQ Mag
Based on the performance, directors have recommended a dividend of 200 per cent, which is Rs two per equity share of Rs one, he stated Tata Power has planned to double its capital expenditure to Rs 12,000 crore in the current fiscal, with a focus on renewables, distribution, transmission and solar equipment manufacturing capacity. “To […]
Electric vehicle sales to cross 2 million in FY24: Experts – EQ Mag
The Faster Adoption and Manufacturing of Electric Vehicles (FAME) II scheme is expected to create momentum across all electric vehicle (EV) segments in FY24 With continuing current trends in the electric vehicle (EV) market in India, the upcoming fiscal year will witness over 2 million EV sales, according to media reports. As per the reports, […]
Some more PLIs: FY24 could be inflection point for surge in India’s manufacturing capex – EQ Mag
A head of subsequent week’s Union Budget, hypothesis over an growth of the federal government’s Manufacturing-Linked Incentive (PLI) scheme is working rife. Finance Minister Nirmala Sitharaman might both allocate extra funds to among the current sectors or lengthen the incentives to newer areas, or do each, based on varied stories quoting unnamed officers. The price […]
Tata Motors targets five-fold rise in electric vehicle sales by FY24 – EQ Mag Pro
Will look to sell 100K units by next year: Chandrasekaran Tata Motors is eyeing a 5x growth in sales of electric vehicles (EVs) from the current levels by the end of 2023-24, the automaker’s chairman N Chandrasekaran told the shareholders at the 77th Annual General Meeting (AGM). “We are determined to increase our EV sales […]