IE March 2026 Edition

Explore the Latest Edition featuring T&D, Renewable Energy, Wires & Cables, and Exclusive Interviews with Industry Leaders

MARCH 2026 Vol V Issue III

Email: info@industrialoutlook.in Visit us: www.industrialoutlook.in Pages 94 TITLE CODE MAHENG14679 200/-

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Electricals

Electric

Vehicle

Solar

Automation

Power

Team

Our

Periodicity - Monthly

Langauge - English

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GRAHAM INDIA PRIVATE LIMITED

E-1123/24, Ganesh Glory – 11, Near BSNL Office,

S.G. Highway - 382470, Ahmedabad, India

Amit Anturkar (Country Director)

Mob.: +91 76002 96366 E-mail: AAnturkar@graham-mfg.com

Web Site: www.graham-mfg.com

GLOBAL LEADER

IN VACUUM & HEAT

TRANSFER

TECHNOLOGY

News

CONTENTS

P.14

Reliance Inks Green Ammonia Offtake

Agreement...

P.14

Sunsure Energy Secures Rs 6.06 Billion For

Solar Projects In...

P.16

Renewsys Commissions 3 Gw Solar Module

Manufacturing...

P.16

V.o. Chidambaranar Port Authority Floats

Tender For 2 Mw Green Hydrogen...

P.18

Google And Dte Join Forces For 2.7 Gw

Clean Power Data...

P.18

Flow Power And Octopus Ink Offtake

Agreement For Blind Creek Project...

P.15

Pfc Consulting Floats Tender For

Development Of Ists To Evacuate...

P.15

Climate Fund Managers Commits

$32.2 Million To Waste-To-Biogas Project...

INTERACTION BRIEF

MR. HARDIP

SINGH

CHIEF OPERATING

OFFICER

GREW SOLAR

Page 24

MR. BHAVYA

DOSHI

CHIEF STRATEGY

OFFICER

SUNBOND

Page 25

MR. ROHAN

RAMESH SHELAR

JOINT MANAGING

DIRECTOR

OSG ORIANA INDIA

PVT. LTD.

Page 23

MR.PATEL KETAN

CMD

GANESH GREEN

BHARAT LIMITED

Page 28

MR. KAUSHIK

CHITALIYA

DIRECTOR

ASOTE SOLUTIONS

PVT. LTD.

Page 20

MR. SARJAK

PAREKH

VP - SALES & BD

INSOLATION ENERGY

LIMITED

(INA SOLAR)

Page 30

MR. DARSHIL

GONDALIYA

MANAGING

DIRECTOR

RAYZON SOLAR

Page 27

MR. MILAV

PATEL

MANAGING

DIRECTOR

HELOX POWER

Page 26

Driving Efficiency & Sustainability Through

Advanced Power Transmission Systems

P.12

01

PRODUCT INFO

6-502

From concept to creation.

It is our aspiration and motivation to design proactively new products which will

be essential in the future.

For this reason, we have been developing, producing and marketing mechanical

and mechatronic locking, hinging and connection solutions for industrial enclosure

construction in a purposeful and future-oriented manner for more than 25 years.

Together, the right solution is also created for your specifi c application.

DIRAK.com sales@dirak.co.in

Selection Of Site For Establishing A New

Oil Refinery In India

P.50

03

Wires and Cables: Powering India’s

Infrastructure Growth

P.48

02

Digital India’s Backbone: Ensuring Data

Center Reliability With...

P.56

04

Hydrogen Energy Electrocoagulation In Etp

P.58

05

P.65

INTER SOLAR EXPO

P.69

Kosol

Energie

Honoured...

P.70

Sales

Stabilised

At Eur...

P.72

Rir

Power

Electronics ...

P.76

Powerhive

Launches

‘Vion’ ...

P.78

Anzen India

Energy

Yield...

P.80

Msedcl’s

Silent

Portal Change...

P.82

Socomec

Launches

Masterys Gp4...

PRESS RELEASE

GUEST ARTICLE

Why Hybrid Solar Systems Are Gaining

Popularity Worldwide Energy... P.46

01

GUEST ARTICLE

Happy Women’s Day

P.32

Cover Story

Smart Grid Systems And Wind-Solar Energy

Integration

P.36

Industry Focus - I

Smart Switchgear: A Game Changer In India’s

Electric Control Panel Market

P.38

Industry Focus - II

From Solar Assets to Intelligent Energy

Systems:

P.42

CONTENTS

Dear Folks

Stay informed. Stay inspired.

Roopal Chaurasia

Disclaimer : The content and numbers of this

edition may mismatch of differ due ot current

change in the market. Industrial Electrical is

not responsible for such changes or errors.

Please write your feedback/

suggestions or question on

editor@industrialoutlook.in

Visit us: www.industrialoutlook.in

EDITOR NOTE

As we present the March edition of Industrial Outlook Magazine, we turn our spotlight toward the evolving

landscape of smart grid systems and the seamless integration of wind and solar energy. The energy sector is undergoing

a profound transformation one that moves beyond isolated renewable assets toward interconnected, intelligent energy

ecosystems.

Our industry focus, “From Solar Assets to Intelligent Energy Systems,” captures this shift. It reflects how digitalization,

automation, and advanced analytics are redefining energy generation, distribution, and consumption. Smart grids are no

longer a concept of the future; they are becoming the backbone of resilient and efficient power infrastructure, enabling

better demand response, improved reliability, and optimized energy flows.

In this edition, we bring you insightful interviews with industry experts who share their perspectives on technological

advancements, policy frameworks, and the road ahead. Complementing these are thought-provoking guest articles that

delve deeper into innovation, challenges, and opportunities within the renewable energy domain. Our press releases

section keeps you updated on the latest developments shaping the industry.

We also take a moment to revisit some highlights from Intersolar 2026, Ahmedabad, where innovation, collaboration,

and forward-thinking solutions took center stage. These captured moments reflect the energy and optimism driving the

sector forward.

As always, we extend our sincere gratitude to our readers for your continued trust and support. Your engagement

motivates us to bring meaningful and relevant industry insights. We look forward to your continued readership as we

navigate this dynamic journey together.

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Launching Soon

12 | March 2026 | www.industrialoutlook.in

DRIVING EFFICIENCY & SUSTAINABILITY THROUGH

ADVANCED POWER TRANSMISSION SYSTEMS

In today’s industrial landscape, effi-

ciency and sustainability are no longer

optional; they're essential. Power Build,

with its decades of engineering excel-

lence, is at the forefront of this transfor-

mation. Through its advanced range of

power transmission products, the compa-

ny

is

actively

helping

industries

minimize energy consumption, extend

machine lifespans, and transition toward

greener manufacturing practices. Power

Build’s entire gearbox and geared motor

portfolio is engineered with energy

optimization at its core. Whether it's the

Series M Helical Inline Geared Motors,

known for their compact design and high

efficiency, or the Series K Helical Bevel

Geared Motors, offering torque up to

50,000 Nm with minimal energy loss,

each product is built to maximize output

while reducing unnecessary power draw.

These solutions are precision-designed

to minimize friction, vibration, and wear

three major contributors to energy ineffi-

ciency and mechanical failure.

One of the most effective ways Radicon

supports sustainability is through its gear

systems' high mechanical efficiency,

which directly contributes to lower

electricity consumption in continuous

operations. For example, the Series C

Heli-Worm and Series F Parallel Shaft

Geared Motors are designed to deliver

optimal performance even under varying

load conditions, reducing the stress on

motors and associated systems. This not

only conserves energy but also lowers

the carbon footprint of plants over time.

Moreover,

Power

Build’s

planetary

(Series PL) and worm gear (PBWR)

series contribute significantly to space-

saving, heat reduction, and mainte-

nance-free operations all of which are

key to sustainable plant design. Many of

these gearboxes are pre-filled with

high-grade lubricants and designed for

long maintenance cycles, ensuring re-

duced downtime and lower waste gener-

ation over the life of the equipment.

To complement its mechanical excel-

lence, Radicon also offers the PBL VFD

Series (Variable Frequency Drives) a

modern, electronic solution that brings

intelligent speed and torque control to

the table. These drives allow motors to

operate at optimal speeds, cutting down

on excess energy use during startup,

operation, and load variations. The result

is a finely tuned drive system that aligns

with green manufacturing goals.

Lastly, through extended equipment life

cycles, Radicon products inherently

reduce the need for frequent replace-

ments and resource consumption. Gear

units like the Series J Shaft Mounted

Reducers and Roloid Gear Pumps are

crafted with durability and long-term

efficiency in mind, further reinforcing

the company’s commitment to sustain-

able industry practices.

Power

Build

isn’t

just

powering

machines, it's enabling a future where

industrial growth and environmental re-

sponsibility go hand in hand.

Series A

Series C

Series F

Series J

Series K

Series M

Series PN

Series PBWR

Loose Gear

www.powerbuild.in

+91 9727719344

PRODUCT INFO

14 | March 2026 | www.industrialoutlook.in

Sunsure Energy has secured Rs

6.06 billion in debt funding for

multiple renewable energy projects

from Aseem Infrastructure Finance

Limited and RBL Bank. Of this, Rs

4.61 billion was provided by Aseem

Infrastructure Finance Limited to

support solar projects in Maharash-

tra and Uttar Pradesh (UP). Addi-

tionally, RBL Bank extended Rs

1.44 billion towards refinancing

Sunsure’s solar project in Augasi,

Uttar Pradesh.

The financing will support more

than 242 MWp of solar capacity,

supplying renewable power to com-

mercial and industrial consumers

under long-term power purchase

agreements (PPAs). The projects are

expected to generate around 300

million units of clean electricity

annually. This is likely to help

offset nearly 230,000 tonnes of

carbon emissions each year.

Earlier in November 2025, Sunsure

Energy inked a long-term renewable

PPA with Bisleri International Pri-

vate Limited under which Sunsure

Energy will supply solar energy to

Bisleri’s manufacturing facility in

Ghaziabad, Uttar Pradesh.

SUNSURE ENERGY SECURES RS 6.06 BILLION FOR

SOLAR PROJECTS IN MAHARASHTRA AND UP

NEWS

Reliance Industries Limited has

inked a long-term supply and

purchase agreement (SPA) with

Samsung C&T Corporation, South

Korea. The agreement covers the

supply of green ammonia for a

period of 15 years, beginning in the

second half of the financial year

2029. Valued at over $3 billion, it is

reportedly one of the largest binding

long-term green ammonia off-take

agreements globally.

Furthermore,

the

SPA

reflects

India’s growing role as an exporter

of green fuels supported by a

domestic, end-to-end value chain,

including local manufacturing of

key clean energy equipment. It is

aligned with the objectives of

India’s National Green Hydrogen

Mission.

Earlier in August 2025, Reliance

Infrastructure Limited secured a

letter of award from NHPC for the

development of an interstate trans-

mission system connected solar

power project integrated with a

battery energy storage system.

RELIANCE INKS GREEN AMMONIA OFFTAKE

AGREEMENT WITH SAMSUNG

CLIMATE FUND MANAGERS COMMITS $32.2 MILLION TO

WASTE-TO-BIOGAS PROJECT IN UTTAR PRADESH

NEWS

Climate

Fund

Managers

has

committed $32.2 million from its

EU-supported Climate Investor Two

Construction Equity Fund to a

commercial-scale

waste-to-biogas

facility, Akaia Green Fuels. The

facility is located in Uttar Pradesh.

The investment will support efforts

to curb air pollution and greenhouse

gas

emissions

by

converting

agricultural waste into compressed

biogas.

The project will process about

94,000 tonnes of agricultural and

organic waste annually, including

paddy straw, press mud from sugar

mills, and cow dung. This will

produce

nearly

20

tpd

of

compressed biogas and around 123

tpd of fermented organic manure.

Additionally, the facility is expect-

ed to prevent over 100,000 tonnes

of carbon equivalent emissions

annually and to improve air quality

for an estimated 700,000 people

across 640 villages by reducing

open-field residue burning once it is

operational.

Furthermore, the biogas produced

will be supplied directly to the city

gas distribution network under

long-term offtake agreements with

GAIL India and Hindustan Petro-

leum Corporation Limited. More-

over, GPS Renewables will develop

the facility under a fixed-price

engineering

procurement

and

construction contract along with a

multi-year operations and mainte-

nance

agreement.

Additionally,

independent technical supervision

will be provided by European

advisors Fichtner and TÜV in order

to ensure compliance with interna-

tional engineering, environmental,

and safety standards.

PFC CONSULTING FLOATS TENDER FOR DEVELOPMENT OF

ISTS TO EVACUATE 14 GW RENEWABLE POWER FROM GUJARAT

PFC Consulting has floated a

tender to develop an interstate

transmission system (ISTS) for

evacuating renewable power in

Gujarat. The system will facilitate

the evacuation of 14 GW of renew-

able power from Lakadia (Phase-II:

7.5

GW),

Jam

Khambhaliya

(Phase-II: 5.5 GW), and Jamnagar

(Phase-I, Part C: 1 GW).

According to the tender guidelines,

the scope of work includes the

development, operation, and main-

tenance of the project on a build,

own, operate, and transfer basis. It

also involves carrying out all

project-related activities from the

initial survey stage. These include

preparing

the

detailed

project

report,

arranging

finance,

and

managing the project. The work

further covers design, engineering,

construction, and commissioning of

the transmission system. Under the

scope, the successful bidder will

also establish 765/400 kV, 2×1500

MVA, and 400/220 kV, 3×500

MVA, Alephata substation; and the

Alephata–Lonikand-I 400 kV D/C

line.

Furthermore,

the

bidders

are

required to furnish a security depos-

it of Rs 220 million. The successful

bidder is also required to submit a

performance contract guarantee of

Rs 550 million within 10 days of the

issuance of the letter of intent.

Additionally,

the

transmission

system is required to be completed

within 36 months of the contract

award. The bid submission deadline

is May 15, 2026. I

15 | March 2026 | www.industrialoutlook.in

16 | March 2026 | www.industrialoutlook.in

V.O. Chidambaranar Port Authori-

ty has floated a tender for the devel-

opment of a 2 MW green hydrogen

electrolyser and a refueling station.

The project also includes providing

seven years of comprehensive oper-

ation and maintenance services.

According to the tender guidelines,

the project involves setting up a 2

MW green hydrogen electrolyser

with a minimum capacity of 600 kg

per day, along with all required

accessories. It also includes the de-

velopment of a refuelling station

equipped with a 3.6 kg per minute

dispenser. In addition, the scope

covers associated civil works.

The bidders are required to submit

an earnest money deposit of Rs 13.6

million. The successful bidder is

required to submit a performance

bank guarantee equal to 5 per cent

of the contract price. Moreover, the

estimated cost of the project is Rs

678.5 million. Furthermore, the bid

submission deadline is April 9,

2026.

Earlier in November 2025, V.O.

Chidambaranar Port Authority, Tu-

ticorin, inked an MoU with CGS

Energy for the development of a

300 tonne per day green ammonia

production plant.

V.O. CHIDAMBARANAR PORT AUTHORITY FLOATS TENDER FOR 2 MW

GREEN HYDROGEN PROJECT WITH REFUELING STATION

NEWS

Renewsys India Private Limited

has commissioned a 3 GW artificial

intelligence-enabled, fully automat-

ed solar module manufacturing

facility at IndoSpace Industrial Park

in Khopoli, Maharashtra. The plant

will manufacture TOPCon G12R

modules.

It

features

advanced

production technologies and digital

monitoring systems to enhance pre-

cision, efficiency, and product con-

sistency.

The facility spans over 700,000 sq.

ft. With the commissioning of the

new plant, the company has fur-

thered its production capabilities,

and as a result, RenewSys’s total

solar module manufacturing capaci-

ty has increased to 5.6 GW.

Earlier in February 2026, RenewSys

India inked an agreement with

ENGIE for the supply of 125 MWp

of TOPCon solar photovoltaic mod-

ules.

RENEWSYS COMMISSIONS 3 GW SOLAR MODULE

MANUFACTURING FACILITY IN MAHARASHTRA

18 | March 2026 | www.industrialoutlook.in

FLOW POWER AND OCTOPUS INK OFFTAKE AGREEMENT

FOR BLIND CREEK PROJECT IN AUSTRALIA

Flow Power, majority owned by

OPTrust, has entered into a founda-

tional offtake agreement with Octo-

pus Australia for the Blind Creek

solar farm and battery energy

storage system (BESS) project in

Australia. The project is located in

Bungendore, New South Wales, and

comprises 300 MW of solar capaci-

ty with a BESS of 243 MW/486

MWh.

The project is being developed in

collaboration with local landholders

under an agri-solar framework,

allowing continued agricultural use

such as sheep grazing. Additionally,

it is expected to generate up to 300

MW of electricity, sufficient to

power over 120,000 households.

Moreover, Octopus Australia is

working with GRS as the engineer-

ing, procurement and construction

contractor and Wärtsilä Energy

Storage as the battery system

supplier for the project.

In

March

2026,

Flow

Power

acquired

the

Dunedoo

energy

project, a state significant develop-

ment with an approved development

application. The project is situated

approximately 2 km north of Dune-

doo in the Warrumbungle Shire,

New South Wales, and comprises a

55 MW solar farm with a 60 MW

BESS. Previously owned by ib vogt

GmbH, Flow Power will develop,

build, own, and operate the project,

with construction scheduled to

commence in 2026.

GOOGLE AND DTE JOIN FORCES FOR

2.7 GW CLEAN POWER DATA CENTRE IN MICHIGAN

NEWS

Google has partnered with DTE

Energy to develop a new data centre

in

Michigan,

supported

by

a

commitment to enable 2.7 GW of

new clean energy resources for the

local grid. The project is structured

to supply round-the-clock clean

power directly to the grid, with a

site in Van Buren township current-

ly under evaluation. The data

centre’s electricity demand will be

met through solar power, advanced

energy storage technologies, and

demand flexibility measures.

The clean energy supply will be

facilitated through a clean capacity

acceleration agreement with DTE

Energy, aligned with structures

similar to the Clean Transition Tar-

iff. Additionally, Google will bear

the full cost of its electricity

consumption and infrastructure re-

quirements, ensuring that its opera-

tions do not increase costs for local

consumers while contributing to

long-term grid resilience. Further-

more, the agreement includes the

introduction of an Energy Impact

Fund valued at $10 million, aimed

at supporting energy affordability

initiatives across Michigan.

In February 2026, TotalEnergies

entered into two long-term power

purchase agreements to supply

1,000 MW of solar capacity to

Google for its data centres in Texas

over a 15-year period. The agree-

ments cover renewable electricity

generation of approximately 28

TWh during the contract term.

Power will be sourced from two

solar projects, namely the 805 MWp

Wichita project and the 195 MWp

Mustang Creek project. I

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ʸˆʸʿʼʺʻˇˁʼˁʺʴ˅˅ʸˆˇʸ˅

ʸˋ˂ˇʻʸ˅ˀʼʶˊʸʿʷʼˁʺ

ʸˋ˂ˇʻʸ˅ˀʼʶˊʸʿʷʼˁʺ

ˇ˔˟ʠʵ˛ˢ˥ʟʷ˜˦˧ʠ˃˨ˡ˘

ʹʴʶˇ˂˅ˌʴʷʷ˅ʸˆˆʭʺ˔˧ˡˢʥʣʧʟ˔˧˃ˢ˦˧ʠʾ˔˥˔ˡ˗˜ʛʾʡʵʜʟ

ˀˢ˛˔ˡˁ˔˚˔˥ʟˀ˔˨˟˜ˁ˜˪˔˦ʵ˨˜˟˗˜ˡ˚ʟʴˠ˕˘˚˔ˢˡʟ˃˨ˡ˘ʠʧʤʤʣʧʦ

˂ʹʹʼʶʸʴʷʷ˅ʸˆˆʭˆ˥ʡˁˢʡʦʧʢʤʥʟ˅˔˝˚˔˗ˇˢ˥ˡ˔ʶ˛ˢ˪˞ʟ

Q. With plans to scale from

~600 MW to ~2.2 GW of module

capacity, what operational and

supply-chain strategies are criti-

cal to achieving this growth sus-

tainably?

Scaling from 600 MW to 2.2 GW is

a major responsibility. For us, it is

not just a capacity expansion it is a

commitment to grow without com-

promising quality, reliability, and

process discipline.

We are executing this expansion in

a phased manner, strengthening

automation, production planning,

and multi-layer quality control

systems. At the same time, we are

diversifying our sourcing strategy

and building long-term supplier

partnerships to reduce dependency

risks.

Sustainable scaling requires opera-

tional

discipline,

supply-chain

stability, and a skilled workforce.

We are investing equally in all

three to ensure long-term consis-

tency.

Q. How do you see India’s solar

manufacturing landscape

re-

sponding to global dynamics

(e.g., export tariffs, supply-chain

diversification) while continuing

to compete internationally?

The global solar market is under-

going structural shifts due to tar-

iffs, geopolitical changes, and

supply-chain diversification. This

creates both challenges and oppor-

tunities for India.

Indian manufacturers must com-

pete on performance, reliability,

and technological advancement not

just on cost. International custom-

ers today expect bankable prod-

ucts, global certifications, and con-

sistent delivery standards.

If we maintain strong quality

benchmarks and manufacturing

discipline, India can position itself

as a dependable and long-term

alternative in the global supply

chain.

Q. What role do advanced PV

technologies

(e.g.,

TOPCon,

N-Type modules) play in ASOT

Solar’s product differentiation

strategy for industrial and utility

customers?

Advanced technologies such as

TOPCon and N-Type modules are

becoming essential, especially for

industrial and utility-scale projects

where efficiency and long-term

performance directly impact re-

turns.

For ASOT Solar, adopting these

technologies

is

part

of

our

long-term roadmap. Higher effi-

ciency, better temperature coeffi-

cients, and improved degradation

performance translate into stronger

project ROI.

We do not see technology adoption

as a short-term trend it is a strate-

gic step to remain competitive in

an evolving energy landscape.

Q. How is the company invest-

ing in R&D to improve module

performance,

reliability,

and

integration with energy storage

and smart energy systems?

Our R&D focus is centered on

enhancing module durability, effi-

ciency, and performance consisten-

cy under real operating conditions,

particularly India’s high-tempera-

ture and high-irradiation environ-

ments.

We continuously work on process

optimization, material selection,

and reliability testing to strengthen

INTERACTION

Mr. Kaushik Chitaliya

Director

ASOTE Solutions Pvt. Ltd.

Driving

Sustainable

Growth in

India’s Solar

Manufacturing

Landscape

20 | March 2026 | www.industrialoutlook.in

product

performance

over

its

lifecycle.

As the energy ecosystem shifts

toward hybrid systems, we are

aligning our products to ensure

compatibility with storage integra-

tion and smart monitoring plat-

forms. The future of energy is

integrated and intelligent, and we

are preparing accordingly.

Q. With India strengthening

domestic manufacturing policies

and incentives (e.g., Production

Linked Incentive schemes), how

are these shaping investment and

capacity decisions?

India’s

strengthened

domestic

manufacturing policies, particular-

ly the PLI scheme, have signifi-

cantly improved investment visi-

bility for solar manufacturers.

Policy stability allows us to plan

capacity expansion and technology

upgrades with greater confidence.

These initiatives support capital

deployment into automation, ad-

vanced module technologies, and

manufacturing scale-up. However,

we

believe

incentives

should

complement not replace operation-

al competitiveness.

At ASOT Solar, our investment

decisions are guided by long-term

demand outlook, cost efficiency,

and technology readiness. Policies

act as an accelerator, but sustain-

able growth ultimately depends on

execution discipline and market

trust.

INTERACTION

4th Edition

DEC 2026

Auto Cluster Exhibition Center, Pimpri

Chinchwad, Pune

22 | March 2026 | www.industrialoutlook.in

23 | March 2026 | www.industrialoutlook.in

Mr. Rohan Ramesh Shelar

Joint Managing Director

OSG ORIANA INDIA PVT. LTD.

Carbon Neutrality

The kind of leadership we have in India under honorable Prime Minister

Modi ji India is on the way of the target to 300 GW renewable energy and if

you see the to push it forward right now may be 10 years back we were

lagging in terms of the capacities in India but today we see the module

capacity equals to 160 GW a lot of inverter brand coming into the picture in

green hydrogen we are also moving ahead I do believe whatever commit-

ments and opportunity we have taken for the carbon neutrality we will defi-

nitely try and achieve it before the deadline.

Structural Problem

The dependency of India on all the solar components maybe it was earlier

modules, wafers, and right now PV cells is undoubtedly is real. The other

countries especially our neighbour they have pioneered this industry for long

time evolve their skills and they addressed the loopholes in the market. But if

you see right now the scenario of India I believe around 16 GW of cell manu-

facturing is already in place people are putting their efforts and with the

schemes like PLI a lot of big giants in India coming across to put up multiple

plants. I firmly believe in next couple of years India will be in scenario of

close to 40 to 50 GW. Will be able to achieve that mark.

Prices of PV cells

Increasing of any sort of pricing is always difficult for everyone but we

firmly believe that we want to give a chance or we should collectively act as

to wok on the mission of Make in India there will be challenges for each and

every element not only us we are in majorly into distribution but the clients

also need to bear certain cost as and when we will start growing with the

skills this dependency on China will reduce and I firmly believe that manu-

facturers across India they will be able to reduce the entire supply chain cost

and I am hundred percent optimistic about this thing.

Reduction of Basic Custom Duty on Sodium Antimonate

Right now as I mentioned India is talking about 160 GW of module capacity

and we need lot of glass supply for that. This gap of 7.5 will definitely reduce

the pricing and make ourself competitive not only in India but also in global

world it is a welcoming move from the government and I believe current gov-

ernment is taking lot of steps to make sure that carbon neutrality goal we

should be reaching even faster than the given target. I

INTERACTION BRIEF

Vision to achieve

Carbon Neutrality

Mr. Hardip Singh

Chief Operating Officer

GREW SOLAR

Quality with Reliability

This is very simple Quality is something which is a way of life once you have

a intent towards quality its become easy. Quality is in our DNA and we have

absolute zero tolerance towards quality control so in our plant also when you

visit you see this thing. Quality comes from few factors One is manpower so

one must have quality manpower second is quality infrastructure, quality

machinery, quality raw material and lastly quality process. All these needs to

be in sync than only you can get quality end product.

PV Cells Problem

This is going to end very soon as you know from 1st of June 2026 ALCM is

going to come in so once that come in 100 percent modules over here will

have to be made with Indians cells so your dependency on China will move

away from cells to wafers which is the raw materials needed for cells.

Net - Zero

We have already good initiatives which Indian government has taken toward

this direction. Putting the complete focus and having targeted focus on

renewable energy their plan to have more than 50 percent power generated

with renewable sources from 2030 onwards. There should be consistency in

policies of the government and there should not be any flip flop. We are on

the right track and we will soon achieve this goal.

Vision

2026 is going to be exciting year we have just ramped up our module manu-

facturing from 3 GW to 6 and a half GW then we are going to ramped with

further to 11 GW by the end of this year. Next month we have our first phase

of our cell line getting operational solar cell line so that is a 3 GW and then it

is going to followed with a 5GW. So by the end of this year we will become

8 GW of cell line also.

Atmanirbhar Bharat in Renewable Sector

So first steps have already been taken you know all this ALMM and ALCM

these are towards this direction only. So, one is to go complete backward

right up to Polysilicon which the government has the vision and has the plan

right up to polysilicon to develop it locally. Untill that happens you are not

going to be “Self Sufficient” because you will be dependent on China for

wafers once wafers is there you will be dependent on polysilicon this the

module then on the ancillary side the glass, the frame, the junction box so all

these need to evolve already as I said there is a lot of work happen on these

things we see lot of manufacturing facilities which has come up on these

products and we still a long way to achieve “ Self Reliance” for self reliance

we need two things quality and scale while production of these things started

whether it is glass or frame but we have to give immense focus on “quality”

and “scale”.

INTERACTION BRIEF

Quality is in our DNA

24 | March 2026 | www.industrialoutlook.in

Mr. Darsh Bhoraniya

Chief Procurement Officer

SUNBOND ENERGY PVT. LTD.

Mr. Bhavya Doshi

Chief Strategy Officer

SUNBOND ENERGY PVT. LTD.

Growth

Since last 5 years we see a huge potential in solar and we have a vision for

India in last one year we have officially set up a new unit and started the

production of our newest Topcon technology and right now we are at a scale

and we want to go for a big mile.

New Innovation and Expansion

On our new expansion we are fully automized line with all of the automation

and AI integrated quality check points. In our older units we have done the

expansion twice and now we had done our third expansion we are going with

the glass-to-glass modules and over there we are producing M10R, G12R and

G12.

New Products

We are showcasing products like Topcon technologies like M10R, G12R and

G12 modules.

Perspective on Indian Growth in Solar Industry

Look around yourself we are here at solar energy and the passion and the

vision that is now finally co related with India. Upcoming 4 to 5 years I see a

big huge scale it will be on railways, public places. Government is now

taking steps fast and we are growing at scale which we need. The peak of

India in Solar Industry is coming and SUNBOND will be one of the part of

it.

INTERACTION BRIEF

Mixing Passion with Vision

25 | March 2026 | www.industrialoutlook.in

6TH MAY 2026

HOTEL MAURYA, PATNA, BIHAR

BIHAR RENEWABLE ENERGY LEAP: 24 GW BY 2030

14th Edition

Mr. Milav Patel

Managing Director

HELOX POWER

ON Grid and Hybrid Inverter

Helox is majorly a Gujrat based company we majorly deals with On Grid

inverters and soon we are going to launch anad manufacture our Hybrid

inverters. In hybrid inverters we are going to deal in between 3 KW to 6 KW

with the support of Lithium Ion batteries. You will get one benefit with

hybrid inverter that you cannot store power with On Grid Inverter but you can

store power with hybrid inverter.

Lithium Ion Dependency

Yes, we are dependent on China on Lithium but slowly and gradually with the

help of government initiatives and policies we can overcome this problem

and soon the huge investments from big players of industry are coming and

soon the manufacturing plants will be established and we will soon reduce

our dependency on China.

How our inverters are Innovative

Since, 2020 we are in the distribution segment of Inverters and we know

about all the components of Inverter and we have done servicing, repairing,

maintenance and know about the quality in depth which is good and bad so

we always go for the best and I am 100 percent confident about my inverters.

Roadmap

Our roadmap is to expand in other parts of India especially in North East we

don’t want to limit ourselves in only Gujrat but also in entire India.

INTERACTION BRIEF

Bringing Innovations

in Inverters

26 | March 2026 | www.industrialoutlook.in

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