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Lauritz Knudsen Electrical and Automation, a leading player in India’s electrical and automation sector, announced that its electrical and digital technologies have powered over 50 GW of solar capacity across India and global markets.

This milestone underscores Lauritz Knudsen’s clear focus on enabling solar energy to move beyond capacity creation to meaningful, widespread access, reaching factories, farms, homes, and underserved communities, while supporting the scale required for national energy transition goals.

India’s solar journey is no longer limited to large utility parks. It is increasingly visible at the last mile, powering irrigation through PM-KUSUM, enabling households under PM Surya Ghar, and extending reliable electricity access to communities beyond traditional grid reach.

The pace of this transformation has been rapid. India has steadily added solar capacity, with solar now accounting for nearly 55% of installed renewable energy capacity, surpassing 154 GW. This expansion spans two parallel tracks: large-scale utility projects that adds capacity to the grid reducing dependency on fossil fuels, and distributed deployments that deliver direct economic and social impact.

Lauritz Knudsen operates across three segments, which are Utility scale power plants, Commercial and Industries (C&I), and residentials, delivering advanced AC solutions, DC switchgear, Smart metering and cloud based remote monitoring solutions that ensure solar installations are safe, reliable, and built for long-term performance. This capability is rooted in over seven decades of experience in India’s electrical infrastructure ecosystem. The company has supported more than 2,350 solar projects, partnered with over 350 EPCs and 300+ developers, and trained over 300 system integrators,  building local capacity critical to sustaining the sector’s growth.

Naresh Kumar, Chief Operating Officer, Lauritz Knudsen Electrical and Automation, said: “When a farmer moves away from diesel-based irrigation or a household gains dependable access to electricity, that is when the energy transition becomes real. The significance of the 50 GW milestone lies not just in scale, but in how widely its benefits are felt. Our focus has been to ensure that solar infrastructure is dependable, accessible, and built to serve every segment of society.”

As India’s solar ecosystem has expanded, so has its technical complexity. Higher capacities, evolving grid dynamics, and the growth of distributed generation models are driving the need for more advanced, application-specific electrical solutions.

Lauritz Knudsen supports the entire solar value chain, from power generation  to evacuation and integration into the grid. The company’s portfolio reflects this shift, with strong growth across renewable-linked products, including medium-voltage solutions, AC and DC Switchgear solutions, software and services.

The renewable surge is also accelerating the scale of domestic manufacturing. India’s solar manufacturing capacity expanded significantly from FY2025 to FY2026, strengthening the country’s self-reliance. Lauritz Knudsen has supported this evolution by equipping manufacturing facilities with robust, future-ready electrical systems tailored to emerging requirements

As India progresses towards its target of 500 GW of non-fossil fuel capacity by 2030, the focus is shifting from quantity to quality of transition, ensuring that energy access is not only expanded but also equitably distributed.

Jupiter International Limited, one of India’s leading solar cell manufacturers, has inaugurated its Unit IV at its Baddi manufacturing campus in Himachal Pradesh, adding 1.25 GW of TOPCon (Tunnel Oxide Passivated Contact) solar cell manufacturing capacity and expanding its total solar cell manufacturing capacity from 2 GW to 3.25 GW.

Unit IV marks a significant technology step-up for Jupiter International, strengthening its ability to deliver next-generation, high-efficiency solar cells at scale as the market increasingly shifts toward higher efficiency benchmarks and performance-led procurement.

This milestone builds on Jupiter’s recent expansion at Baddi, where the company added 1 GW of mono PERC solar cell manufacturing capacity earlier this year, taking its total installed capacity to nearly 2 GW. TOPCon technology is widely regarded as the next phase of mainstream solar cell manufacturing, offering higher efficiency potential and improved long-term performance. With Unit IV, Jupiter accelerates its transition from scaling capacity to scaling advanced manufacturing capabilities.

“Commencement of production at Unit IV baddi will be a defining step in Jupiter’s technology journey. By bringing 1.25 GW of TOPCon capacity into production, we are scaling next-generation cell technology that raises the bar on efficiency and long-term performance. We are doing this with a clear focus on manufacturing excellence, sustainability consciousness, and high-skilled job creation. It provides a technology platform on which jupiter is scaling up to build a 3 GW TopCon ++ performance fab to be commissioned in Nagpur at the end of the year, said Mr. Dhruv Sharma, Chief Executive Officer, Jupiter International Limited.

The ramp-up of Unit IV has been anchored in a quality-first, sustainability-conscious manufacturing approach, supported by disciplined process controls and manufacturing systems designed for consistent output at scale. The expansion is also expected to strengthen local economic impact in Himachal Pradesh, supporting a growing pipeline of high-skilled green jobs across production, process engineering, automation, quality, maintenance and EHS—backed by structured training and capability building.

With the Unit IV, Jupiter International continues to deepen its role in India’s clean energy transition by strengthening domestic solar cell capability and accelerating high-efficiency technology adoption at scale.

Q 1. SunGarner has grown significantly over the years. What key milestones have shaped the company’s journey and success?
SunGarner’s journey has been defined by continuous evolution and our ability to adapt to the changing dynamics of the renewable energy industry.

We started in 2015 as a Solar Rooftop EPC company, focusing on delivering quality solar solutions to commercial and industrial customers. As the market evolved, we diversified into the power electronics sector, beginning manufacturing activities in 2017 and further expanding our manufacturing capabilities in 2018.

Over the years, we built a strong presence across institutional business, channel sales, and export markets. A significant milestone came in 2023 when SunGarner became a publicly listed company, marking a new chapter of growth, governance, and transparency.

In 2024, we expanded into Lithium-Ion Battery Manufacturing and Solar IPP (Independent Power Producer) businesses, strengthening our position across the renewable energy value chain.

Today, SunGarner has executed projects across 26 states of India, established solar power plants in more than 12 states, exported products to over 5 countries, and developed more than 25 in-house SKUs of solar inverter and energy storage solutions.

However, beyond these milestones, our biggest strength has been our people. The dedication of our teams across R&D, manufacturing, project execution, sales, and operations has enabled us to continuously innovate and grow. Our success has come from remaining agile, embracing new technologies, and staying aligned with the evolving needs of the energy transition.

As we move forward, our focus remains on building indigenous technology, expanding our renewable energy asset portfolio, and creating long-term value for our customers, shareholders, and the broader clean energy ecosystem.

Q 2. SunGarner offers solutions across solar, energy storage, EVs, and EPC. What differentiates your offerings in the renewable energy market?

What differentiates SunGarner is that we are not merely a product company or an EPC company—we are an integrated renewable energy solutions provider with strong capabilities in technology development, manufacturing, power system engineering, and project execution.

Innovation has been a key part of our journey. We were among the early companies in India to develop and commercialize Solar Online UPS systems, which represented a significant advancement over conventional solar inverter technologies. Importantly, all our inverter designs have been developed in-house by our engineering and R&D teams.

Today, we offer advanced energy storage solutions with more than 80% indigenous content, supporting the Government’s vision of self-reliance and domestic manufacturing. Over the years, we have developed more than 25 in-house SKUs across solar inverter and energy storage categories.

Another key differentiator is our ability to customize solutions. Every customer has a unique energy profile, and we design systems based on actual site conditions, available area, load patterns, DG run hours, grid reliability, and commercial objectives. Our expertise in power systems enables us to optimize both technical performance and financial returns for our customers.

This combination of technology development, manufacturing capability, customization, and deep understanding of power systems has helped us deploy more than 10,000+ solar inverters and establish solar power projects across India and international markets.

At SunGarner, we believe that renewable energy is not about selling a product; it is about delivering the most efficient and reliable energy solution for every customer’s specific requirement.

Q 3. Could you share some landmark projects executed by SunGarner and their impact on the business?
Every phase of SunGarner’s growth has been marked by projects that expanded our capabilities, strengthened our confidence, and opened new markets for us.

One of our earliest landmark projects was a 1.8 MWp rooftop solar installation for a textile manufacturing unit in Gorakhpur, Uttar Pradesh, in 2018. At that time, it was the single largest project executed by SunGarner and demonstrated our ability to design and execute large-scale commercial and industrial solar projects.

In 2021, we achieved another significant milestone by executing a 180 kW Solar Project for Bhutan Power Corporation and UNDP in Bhutan. This was SunGarner’s first international project and marked the beginning of our global journey. It validated our technical capabilities beyond India and strengthened our confidence in serving international markets.

A major breakthrough came in 2024 when, through our channel partner network, SunGarner supplied in-house developed Solar Inverter and Battery Energy Storage solutions for more than 200 sites in Tripura under a TREDA-led initiative. This project showcased our indigenous technology capabilities and demonstrated the scalability and reliability of our energy storage solutions in challenging operating environments.

In 2025, we entered the utility-scale ground-mounted solar segment with the development of our projects at Ahab and Bhadora in Madhya Pradesh, including our first ground-mounted solar project of approximately 4.5 MWp DC at Kutiyawad. This marked an important transition from distributed solar solutions to larger utility-scale renewable energy infrastructure.

Another defining milestone in 2025 was the signing of a Power Purchase Agreement (PPA) by SunGarner Green Assets with MPUVNL under the Kusum Yojana. This represented SunGarner’s entry into the Independent Power Producer (IPP) business and laid the foundation for building a long-term renewable energy asset portfolio.

Collectively, these projects reflect SunGarner’s evolution from a rooftop solar EPC company to an integrated renewable energy enterprise with capabilities spanning manufacturing, power electronics, energy storage, EPC execution, and renewable energy asset ownership. More importantly, they demonstrate our commitment to continuously expanding our capabilities and creating long-term value in the clean energy sector.

Q 4. How is SunGarner leveraging innovation and R&D to address the evolving needs of the solar and energy storage sectors?
Innovation and technology development are key pillars of SunGarner’s growth strategy. As the renewable energy sector evolves, we are focusing on advancing Battery Energy Storage Systems (BESS), Battery Management Systems (BMS), and intelligent inverter technologies to improve energy efficiency, reliability, and system performance.

A major focus of our R&D efforts is the development and integration of indigenous technologies in line with the Government of India’s Make in India initiative. By strengthening local capabilities in energy storage and power electronics, we aim to reduce dependence on imports while delivering cost-effective and high-performance solutions tailored to Indian operating conditions.

We are also expanding our clean energy portfolio through our IPP (Independent Power Producer) model under SG Green Asset, a subsidiary of SunGarner. This platform enables us to develop, own, and operate renewable energy assets while delivering long-term sustainable energy solutions to commercial and industrial customers.

Our innovation approach combines technology, engineering expertise, and market insights to address emerging requirements in renewable integration, energy storage, grid stability, and energy management.

Q 5. What growth opportunities do you see in BESS, EV charging infrastructure, and distributed solar solutions?
We believe India is at the beginning of a multi-decade clean energy transformation. Just as solar capacity has grown from around 2 GW in 2011 to more than 120 GW today, Battery Energy Storage Systems (BESS) are poised to become a critical pillar of the country’s energy infrastructure.

BESS will play a vital role in enabling higher renewable energy penetration by supporting renewable integration, evening peak demand balancing, grid stability, and firm power supply. As the share of solar and wind energy increases, energy storage will be essential for ensuring reliability and resilience across the power ecosystem.

We also see significant growth opportunities in distributed solar solutions, including rooftop solar projects, ground-mounted solar plants, PM Kusum Yojana projects, and Commercial & Industrial (C&I) solar installations. These solutions empower consumers and businesses to reduce energy costs while accelerating the adoption of clean energy.

In parallel, the rapid growth of electric mobility is creating strong demand for EV charging and supporting energy infrastructure. This presents opportunities to integrate renewable energy generation, energy storage, and smart charging solutions into a seamless clean-energy ecosystem.

At SunGarner, we are strategically positioned to capitalize on these opportunities through our portfolio of renewable energy infrastructure, Battery Energy Storage Systems (BESS), lithium-ion energy solutions, backup power infrastructure, solar inverters, home UPS systems, inverters with in-built lithium batteries, and e-rickshaw battery solutions.

Q 6. How does SunGarner ensure quality, reliability, and long-term value across its EPC and product businesses?
At SunGarner, quality and reliability are fundamental to every project and product we deliver. With a proven track record of over 10,000+ solar installations across India, we have built strong expertise in delivering dependable and high-performance renewable energy solutions.

We follow stringent quality control processes throughout the project lifecycle—from design and engineering to procurement, installation, commissioning, and after-sales support. We work with trusted technology partners and source high-quality components that meet industry standards and performance requirements.

Our experienced engineering and project management teams ensure that every project is executed with a strong focus on safety, efficiency, and operational excellence. To maximize long-term value for our customers, we emphasize performance optimization, preventive maintenance, and continuous monitoring of system performance.

Through our EPC expertise and customer-centric approach, we deliver solutions that provide dependable energy generation, lower operating costs, and sustainable returns throughout the system’s lifecycle.

Q 7. What are SunGarner’s key growth priorities and expansion plans to accelerate India’s clean energy transition?
SunGarner’s growth priorities are closely aligned with India’s vision of energy security, self-reliance, and a rapid transition towards clean energy.

Our primary focus is on building capabilities across the entire renewable energy value chain—from power conversion and energy storage technologies to renewable energy asset ownership and project development. We believe that the next phase of India’s energy transition will be driven not only by solar generation but also by advanced storage and intelligent power management solutions.

Accordingly, SunGarner is investing in future technologies related to Energy Storage Systems (ESS), Battery Energy Storage Systems (BESS), and advanced power conversion technologies. We are continuously strengthening our in-house R&D and manufacturing capabilities to develop indigenous solutions that reduce dependence on imports and support the vision of Atmanirbhar Bharat.

Another important growth pillar for us is the expansion of our Independent Power Producer (IPP) business through SunGarner Green Assets. We aim to build a portfolio of renewable energy and storage assets that can provide reliable, affordable, and sustainable power over the long term.

We also see significant opportunities in hybrid energy systems, commercial and industrial decarbonization, distributed energy infrastructure, and grid-supporting storage solutions. Our objective is not merely to participate in the energy transition but to help shape it through innovation, indigenous technology, and execution excellence.

At SunGarner, we believe that clean energy is not just a business opportunity—it is a nation-building opportunity. Our long-term vision is to contribute towards creating a sustainable, energy-independent India while delivering innovative solutions that generate value for customers, communities, and shareholders alike.

Advancing its Suzion 2.0 vision through its DevCo-led growth strategy, Suzion has secured Tata Power Renewable Energy’s new EPC contract for a 400 MW wind energy project. Tata Power Renewable Energy (TPREL) is one of India’s leading renewable energy companies and a subsidiary of The Tata Power Company. This repeat order, awarded in less than 12 months, brings the cumulative partnership across Karnataka, Maharashtra, Tamil Nadu and Andhra Pradesh to over 1 GW.

With this order, Suzlon’s orderbook in Andhra Pradesh now stands close to 1 GW, marking a key milestone in one of India’s leading wind markets. Suzlon’s current installed base in Andhra Pradesh stands at 1.8 GW, contributing to 28.44 percent of Suzion’s installed base in South India.

As a part of the new project, Suzion will install 127 flagship S144 wind turbine generators (WTGs), with a rated capacity of 3.15 MW. Suzlon will also deliver the project through its comprehensive EPC offering, covering land acquisition, turbine supply, Balance of Plant (BoP), Pooling substation (PSS), Extra High Voltage Line (EHV), commissioning, and operations and maintenance services. The project is set to be executed in the Anantapur district of Andhra Pradesh.

Girish Tanti, Vice Chairman, Suzlon Group, said, “Tata Power operates one of India’s largest renewable energy portfolios, and we are proud to have surpassed 1 GW in cumulative orders with them across four states. Over the past two decades, our partnership has evolved from individual projects to advanced hybrid and round-the-clock renewable energy solutions that support India’s energy transition. As an EPC project under the DevCo model, this order demonstrates how integrated development and execution can accelerate renewable energy deployment.”

Ajay Kapur, Chief Executive Officer, Suzion Group, said, “As customers seek execution certainty, EPC is emerging as the preferred model for renewable energy deployment. Suzlon’s proven end-to-end execution enables customers to de-risk projects and scale with confidence. We believe this integrated delivery model will play a critical role in accelerating India’s next phase of renewable energy growth.”

Sunkonnect, a global leader in sustainability consulting, announced a major milestone for its distributed energy platform Sunsol Cleantech, unveiling plans to support the deployment of over 14 gigawatts (GW) of solar capacity by 2030 across India.

The initiative aims to deliver 5,000 targeted projects, including rooftop, captive, open-access, and utility-scale installations, representing a significant 5% of India’s national goal to achieve 280 GW of solar power by the end of the decade.

India’s clean energy landscape has transformed dramatically in recent years, with non-fossil energy sources now constituting over 50% of the country’s installed electricity capacity as of April 2026. Solar energy, in particular, has been the driving force behind this shift, with national solar capacity surging more than fifty-fold in just over a decade, from a modest 2.8 GW in 2014 to an impressive 150 GW today. Now, with the government’s new target of 280 GW solar by 2030, Sunsol’s large-scale, distributed approach is set to play a pivotal role in turning this vision into reality.

Sunsol is designed to empower India’s transition to distributed solar energy by providing a single-window platform for rooftop and on-ground solar installations. The company’s mission is to make solar accessible, reliable, and impactful for commercial, industrial, and residential consumers alike. With a focus on both urban and rural deployment, Sunsol’s over 14 GW target will be achieved through a carefully planned rollout of 5,000 projects nationwide.

Nitish Kumar, Managing Director, Sunsol Cleantech, said, “At Sunsol, our goal is to be a catalyst in India’s clean energy transformation by supporting more than 14 GW of solar deployment by 2030. This is about more than just numbers; it’s about delivering real impact to the nation’s energy security, affordability, and sustainability. We are committed to ensuring every project upholds the highest standards of quality, transparency, and performance for our customers and partners.”

Sunsol’s ambitious program is underpinned by the proven expertise of Sunkonnect, its parent group headquartered in Singapore. Since 2019, Sunkonnect has completed over 5 GW of renewable energy projects in partnership with more than 20 major industry players across India, China, Vietnam, Malaysia, and beyond. The company’s team of 200+ skilled professionals brings expertise in solar, green hydrogen, waste-to-energy, energy storage, and electric mobility.

Sunkonnect’s services span technical audits, project management, engineering design, quality assurance, and asset optimisation. Sunsol customers benefit from proprietary quality protocols, comprehensive lifecycle management, and digital monitoring tools that maximise plant reliability and returns.

The Sunsol platform will deliver distributed solar solutions tailored to the unique needs of diverse customer segments, from corporate entities and independent power producers to renewable energy developers and impact investors. Each project is executed with stringent technical standards and a focus on maximising environmental and economic benefits.

By integrating best-in-class engineering, procurement, and construction (EPC) with digital analytics and operational excellence, Sunsol aims to set new benchmarks for solar project delivery in India. The 5,000 planned projects will help commercial and residential users cut energy costs, reduce carbon emissions, and strengthen grid resilience.

Interarch Building Solutions Limited, India’s leading turnkey steel construction solutions provider, has secured new orders worth approximately ₹375 crores during June 2026, reflecting increasing demand for the Company’s integrated steel construction solutions across India’s expanding industrial landscape.

The new orders include a major contract worth ₹165 crores from the energy sector in Vadodara, along with multiple projects across the hydrocarbon, farm equipment, electrical products, renewable energy, and Data Centre industries. The projects encompass the complete scope of design, engineering, manufacturing, supply, and erection of pre-engineered steel building (PEB) systems, with delivery schedules ranging from 8 to 10 months. These order wins further strengthen the company’s order book and enhance revenue visibility for the coming quarters.

Among the key projects secured during the month are four large-scale industrial projects covering a plinth area of approximately 200,000 sq. m. The projects feature structures with heights ranging from 12 metres to 40 metres and are designed to accommodate 45 MT, 400 MT/500 MT top-running overhead cranes. Together, these projects involve the supply of over 25,000 MT of structural steel, underscoring Interarch’s capability to deliver highly engineered and technically complex steel building solutions for demanding industrial applications.

Commenting on the development, Mr. Arvind Nanda, Managing Director, Interarch Building Solutions Limited, said, “We are pleased to witness strong business momentum with order inflows of approximately ₹375 crores during the month of June. These order wins reflect the continued confidence our customers place in Interarch’s integrated capabilities across design, engineering, manufacturing, and project execution. The steady addition of high-value projects has strengthened our order book and provides healthy visibility for future growth. As investments in manufacturing, renewable energy, logistics, Data centres and infrastructure continue to accelerate, we remain well-positioned to capitalise on emerging opportunities while delivering world-class, sustainable, and efficient steel construction solutions.”

Further strengthening its presence in one of India’s fastest-growing industrial hubs, Interarch broke ground for its brand-new manufacturing plant on 9^th October 2025 at Kheda, Gujarat, and the construction of which is progressing well. Having successfully delivered several landmark projects for leading industrial groups across the state, the Company has established a strong presence in Gujarat’s industrial ecosystem.

Backed by a robust order book, expanding manufacturing capabilities, and growing demand across high-growth sectors, Interarch remains well-positioned to further consolidate its leadership in India’s pre-engineered building industry while contributing to the country’s industrial and infrastructure development.

Delhivery, India’s largest logistics service provider, and Bajaj Auto, the world’s most valuable two- and three-wheeler manufacturer, announced an agreement to deploy 200 Bajaj RIKI eCarts, across its last-mile delivery network, extending electrification to Tier-2 and Tier-3 cities. This deployment is the first phase of the partnership, with phase 2 planned for 2026 – 2027, totaling approximately 1500 Bajaj electric three-wheelers (L3 & L5). The official flag-off took place today at Bajaj Auto, in Akurdi, Pune.

The collaboration represents a significant step forward in the modernization of urban logistics, combining Bajaj Auto’s proven expertise in electric mobility; with Delhivery’s tech-led operational scale. Designed for demanding last-mile operations, the Bajaj RIKI eCart delivers the reliability, durability and up time that fleet operators require to keep businesses moving.

Equipped with an efficient Electric Powertrain, a 2 speed automatic transmission and low maintenance costs, the Bajaj Riki C4005 (eCart) significantly reduces operating costs per kilometer while providing excellent load-ability. When combined with Delhivery’s automated route optimization, delivery partners can complete more drop-offs per trip. This operational efficiency translates directly into a sustainable, reliable increase in daily take-home earnings for last-mile delivery partners.

Prashant Gazipur, Chief Operating Officer, In-City Operations at Delhivery, said,”Our collaboration with Bajaj Auto addresses the economic well-being of our delivery partners while advancing both our environmental goals and those of our clients. By combining our intelligent routing systems with highly efficient cargo EVs, we are creating a more profitable model for our riders and offering our clients a cleaner, lower-carbon supply chain. Furthermore, this deployment across metros and emerging tier 2 and below markets ensures our last-mile network is physically safer, financially more rewarding, and supportive of shared ESG commitments.”

Samardeep Subandh, President, Intra-City Business at Bajaj Auto, added,”This partnership with Delhivery has the potential of transforming last mile cargo transport, with Delhivery’s scale and technology and Bajaj Auto’s expertise in 3-wheeler electric mobility. With this partnership we are launching the Bajaj Riki C4005 (eCart). The Bajaj Riki C4005 offers 100+ kms of range on a single charge, excellent reliability and durability along with better comfort and ergonomics for drivers. Partnering with Delhivery has the potential to make an impact on last mile logistics not only across metros but also Tier-2 and Tier-3 cities.”

Beyond operational efficiencies, the transition to 3W EVs directly elevates the standards of driver welfare and safety in the gig economy. The newly deployed vehicles feature ergonomic seating, protecting delivery riders from extreme seasonal weather and reducing physical fatigue in heavy traffic. Furthermore, it allows delivery partners to transport larger, high-density payloads safely, securely, and with minimal physical strain.

From an environmental perspective, replacing internal combustion engines with electric power eliminates tailpipe emissions in highly congested municipal areas. This deployment supports Delhivery’s broader commitment to fleet electrification, actively reducing the company’s Scope 3 greenhouse gas emissions in line with its long-term environmental, social, and governance (ESG) targets.

Equipped with advanced battery management systems for extended urban range, the cargo EVs support consistent, all-day delivery schedules. This initiative highlights Delhivery and Bajaj Auto’s commitment to commercial efficiency, driver welfare, and environmental responsibility in logistics operations.

Yash Highvoltage Limited (“Yash” or the “Company”), a leading manufacturer of transformer bushings for the power generation, transmission and distribution sector, today announced the approval of a preferential issue aggregating up to approximately ₹151 crore, subject to shareholder and other requisite statutory and regulatory approvals.

The Board has approved the issuance of up to 12,62,131 equity shares and 8,32,177 convertible warrants, each warrant convertible into one equity share of the Company, at an issue price of ₹721 per security, aggregating up to approximately ₹151 crore.

The proposed issue has attracted participation from a distinguished group of institutional investors, family offices and long-term and reputed investors, reflecting strong confidence in the Company’s business model, technological capabilities, and long-term growth strategy.

The proposed proceeds from the issue are intended to support the Company’s next phase of growth through expansion of manufacturing and testing infrastructure, enhancement of existing facility’s capabilities, and strengthening of its position in the power equipment ecosystem.

A key focus area of the proposed investment is the expansion of the Company’s Resin Impregnated Paper (“RIP”) bushing manufacturing facility from the originally envisaged 245 kV range to the 550 kV category. This strategic initiative is expected to position Yash among a select group of manufacturers capable of serving the extra-high voltage transmission segment and significantly expand its addressable market

The proposed investments will support the establishment of advanced assembly and testing infrastructure, including high-voltage testing facilities and specialized equipment required for the development, validation and qualification of 550 kV RIP bushings. The Company also plans to invest in engineering, product development and certification capabilities to meet global standards and address opportunities across domestic and international markets.

In addition, Yash intends to undertake a brownfield expansion of its existing Oil-Impregnated Paper (“OIP”) bushing manufacturing facility to cater to growing demand from transformer manufacturers, utilities and power infrastructure developers. The proposed investments are expected to enhance manufacturing scale, broaden the Company’s product portfolio and strengthen its technological capabilities.

India’s power generation and transmission sector is witnessing significant investments driven by renewable energy integration, grid modernization initiatives and rising electricity demand owing to rapid industrialization and urbanization, data centre and EV infrastructure among other developments. With these increasing investments, the Company believes it is well positioned to capitalize on long-term industry tailwinds and strengthen its presence across domestic and export markets.

Management Commentary Mr. Keyur Shah, Chairman & Managing Director, Yash Highvoltage Limited, said, “The proposed fund raise marks an important milestone in Yash Highvoltage’s growth journey. We are grateful for the confidence shown by investors, whose support reinforces our conviction in the long-term opportunities emerging within the power generation and transmission sector.”

“The proposed capital raise of approximately ₹151 crore through a combination of equity shares and warrants will provide the Company with the flexibility to execute its strategic growth initiatives while maintaining a prudent capital structure. Our planned expansion into the 550 kV RIP bushing segment represents a transformational opportunity for the Company. The proposed investments will strengthen our manufacturing and testing capabilities, expand our product portfolio and enable us to participate in a significantly larger share of the high-voltage and high-current power equipment market.”

“Combined with the expansion of our OIP bushing manufacturing capacity and continued investments in technology, engineering and product development, we believe these initiatives will create a strong platform for sustainable long-term growth, enhance our competitive positioning and deliver long-term value for all stakeholders.”

Marking five years of robust operational growth since its inception in June 2021 with just three scooters, EV mobility and fleet solutions platform Bijliride has achieved massive milestones, deploying over 5,000 electric two-wheelers and completing more than 12.2 crore green kilometres across India.

Currently operational across Hyderabad, Delhi, Mumbai, Pune, and Bengaluru via a tech-enabled hub-and-spoke model, the platform has surpassed 200,000 app downloads and served over 30,000 customers and gig workers. It has firmly cemented itself as a critical infrastructure partner for top last-mile and quick-commerce players like Zepto, Zomato, Swiggy, Rapido, BlinkIt, BigBasket, Apollo 24/7, Rebel Foods, Tata 1mg, Shadowfax, Pronto, Flipkart Minutes, and Amazon Now. To support this continuous scale, Bijliride has built an integrated ecosystem alongside OEM partners like BGauss, charging network players Bolt. Earth and DeCharge, swapping station operators like Indofast Energy (Sun Mobility), and startup enablers like T-Hub.

This rapid fleet utilisation over the past five years has driven significant financial growth, with company revenue surging to ₹18 crore in FY2025, up from ₹10 crore in FY2024, and setting a clear revenue target of ₹44 crore for its next scaling phase. This upward trajectory is powered by its proprietary full-stack technology platform, which integrates rental, fleet, and rider management with advanced operational intelligence, backed by a robust 24×7 roadside support network that has successfully executed over 29,665 battery swaps and 7,064 battery deliveries. Millions of these sustainable deliveries have been successfully executed on the ground through the implementation of its ‘Project Udaan’ initiative.

The environmental and socio-economic impact of Bijliride’s operations remains a core pillar of its five-year success. To date, the electric fleet has offset 70.3 lakh kg of CO₂ emissions and saved 30.4 lakh litres of fuel. This transition has allowed gig workers to collectively save ₹32.8 crore in fuel and maintenance costs, translating to direct monthly savings of ₹8,000 to ₹15,000 per rider compared to standard petrol vehicles. Furthermore, promoting social sustainability and inclusive growth, Bijliride collaborated with the Telangana Women Safety Wing (WSW) and the MOWO (Moving Women) organisation for the ‘Stree Ride’ campaign, providing women with vehicles, tech, and specialised training to safely enter the delivery workforce.

“Five years ago, we started with just three scooters and a simple belief that electric mobility should be accessible to everyone,” said Shivam Sisodiya, Founder & CEO of Bijliride. “Today, seeing thousands of riders, delivery partners, and businesses benefiting from our platform gives us immense satisfaction. We are grateful to our customers, partners, investors, and team members who have been part of this journey. The next five years will be about building India’s most trusted and scalable mobility ecosystem while accelerating the transition towards sustainable transportation.”

Looking ahead, Bijliride enters its next phase of aggressive expansion. By December 2026, the company aims to establish a stronger footprint across multiple Tier-1 and Tier-2 cities, including upcoming deployments in Chennai and Delhi NCR, targeting over 10,000 electric vehicles on the road in collaboration with more than 50 franchise partners. This expansion serves as a stepping stone toward the company’s long-term 2030 vision, which targets the deployment of more than 1,00,000 electric two-wheelers across India to serve 2.5 million users.

Nextpower™ announced it has entered into a definitive agreement to acquire Zimmermann PV-Steel Group, a Germany-based solar technology provider with more than 20 gigawatts (GW) deployed and a deep market presence in Germany, one of Europe’s largest solar markets.

Zimmermann was founded in 1950 and expanded into the solar industry in 2009, delivering more than 2,500 solar projects across 58 countries. By broadening its product portfolio and deepening its regional presence, this acquisition will accelerate Nextpower’s ability to deliver world-class support and comprehensive solutions to solar developers and EPC customers across Europe. The total consideration for the transaction is comprised of cash and stock of up to €330 million, or approximately $378 million based on exchange rates as of June 20, 2026, and is subject to customary closing conditions including required regulatory review. The transaction is expected to close in the second half of Nextpower’s fiscal 2027.

“This transaction represents the next chapter for Nextpower internationally,” said Dan Shugar, founder and CEO of Nextpower. “With Zimmermann, we will significantly expand our product platform and add complementary market presence and supply chain capability in Europe and beyond. Zimmermann’s structural solutions, including fixed tilt, carports, high-density trackers, innovative agriPV solutions, and floating PV will expand our European portfolio to support a broader range of land-use, permitting requirements, and regional use cases. We see a clear opportunity to combine Zimmermann’s strong product engineering and execution capabilities with Nextpower’s bankability and complete product platform to better meet the needs of customers in Europe and accelerate profitable international growth.”

“Zimmermann has built its business by staying customer-focused and delivering high-quality engineered solutions for specific project needs,” said Robert Zimmermann, owner and CEO, Zimmermann. “In Nextpower, we see a partner with highly complementary technologies, geographic footprint, and customer focus. They bring scale and complementary solutions and capabilities that will help us serve our customers more broadly while preserving the local relationships and engineering focus that have defined our business. We see this as an exciting next chapter for our company and employees, as well as for our customers, suppliers, and partners across Europe.”

Fixed tilt represents approximately 50 percent of Europe’s utility PV market today, according to S&P Global, especially in markets such as Germany, France, and Poland. This transaction, together with Nextpower’s recent international launch of NX Gemini™, a two-in-portrait (2P) tracker, is expected to more than double Nextpower’s addressable GW opportunity in Europe.

Following the transaction close, the company is expected to operate as “Zimmermann PV, a Nextpower Company,” preserving continuity for customers, employees, and regional market relationships while enabling the business to scale through Nextpower’s global footprint.

To learn more about this announcement, see Nextpower’s investor presentation or visit the Nextpower stand 580 (Hall A5) at The Smarter E Europe and Intersolar Europe tradeshow being held in Munich from June 23-25.

Adjusted EBITDA excludes interest expense, adjustment for taxes, depreciation, stock-based compensation, net intangible amortization, and acquisition-related costs. A quantitative reconciliation of adjusted EBITDA to the most comparable GAAP measure, net income, is not available without unreasonable efforts.