Excel Realty N Infra to Enter Renewable Power Segment through Joint Venture

October 17: BSE and NSE listed, Mumbai based Excel Realty N Infra Ltd, engaged into Realty and Information Technology sector is planning to diversify into solar power segment. The Company is looking forward and is willing to explore business opportunities in renewal energy by entering into business of Solar segment. The company is planning to enter into Joint Venture(JV) with Seven Greens Solar Systems Pvt. Ltd. The company expects to double its Turnover and Gross profits after entering into the JV. Looking to the future demand of renewal energy and initiative taken by the central government to boost this sector, the company would benefit substantially.

Earlier, the company had announced the issue of Bonus shares in the ratio of 1:2 (one new equity share for every two existing equity shares held) and stock split from Rs.10 to Rs. 1.

The Indian renewable energy sector is the fourth most attractive renewable energy market in the world. With the increased support of Government and improved economics, the sector has become attractive from an investors perspective.

As India looks to meet its energy demand on its own, which is expected to reach 15,820 TWh by 2040, renewable energy is set to play an important role. The government plans to establish renewable energy capacity of 523 GW (including 73 GW from Hydro) by 2030. The country is targeting about 450 Gigawatt (GW) of installed renewable energy capacity by 2030 — about 280 GW (over 60%) is expected from solar.

Government of India has also taken various step to boost India’s renewable energy sector like

In the Union Budget 2022-23, the allocation for the Solar Energy Corporation of India (SECI), which is currently responsible for the development of the entire renewable energy sector, stood at Rs. 1,000 crores (US$ 132 million).

In the Budget, the government allocated Rs. 19,500 crore (US$ 2.57 billion) for a PLI scheme to boost manufacturing of high-efficiency solar modules.

Also encourage rooftop solar is being given a boost by the Ministry of New and Renewable Energy and it plans to undertake Rooftop Solar Programme Phase Il, which aims to install RTS capacity of 4,000 MW in the residential sector by end 2022 with subsidy benefits which would create a huge demand.

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.


The Lions’ Den Show Welcomes Dipak Sanghavi as the Investor to Shape the Future of Start-Ups

Only 2 percent of start-ups survive, and less than 0.2 percent scale up. Mumbai (Maharashtra) [India], May 17:  When the Lions’ Den, an upcoming reality show, was conceptualising, the key question they had to answer was, ” What problem are we trying to solve? “The answer to this question would define the design of the […]

Read More

Leister India and Mipa Industries Jointly Organize a Groundbreaking Workshop on HDPE Geomembrane Welding Technology

Pune (Maharashtra) [India], May 17: In a significant stride towards advancing the realm of geomembrane welding technology, Leister India and Mipa Industries collaborated to organize an enlightening workshop titled “Active Workshop on HDPE Geomembrane Welding Technology.” Held on May 14th, 2024, at Iris Banquet, Dorabjee’s Royal Heritage Mall, NIBM Road, Pune, the event attracted industry […]

Read More

Devangi Dalal: Leading the Way in Mompreneurship

New Delhi (India), May 17: Devangi Dalal, an outstanding Indian Audiologist and Speech-Language Pathologist, shines as a symbol of compassion and empowerment, especially for those dealing with hearing impairments. With more than 32 years of dedicated service, she has earned recognition both nationally and internationally. In her role as the Centre Director of Hearing Hearts, […]

Read More