GREW Solar Secures ₹1,050 Crore Funding as Inox Wind Posts 14% Profit Growth in Q3 – EQ
In Short : GREW Solar has raised ₹1,050 crore to expand its solar cell manufacturing capacity and strengthen operations, while Inox Wind reported a 14% rise in Q3 profit to ₹126 crore. Together, these developments signal strong momentum in India’s renewable energy manufacturing and generation sectors.
In Detail : GREW Solar’s successful ₹1,050 crore fundraise marks a major milestone in India’s solar manufacturing landscape. The capital infusion is aimed at expanding solar cell production capacity and supporting ongoing operational requirements, reflecting growing investor confidence in India’s clean energy manufacturing potential and the long-term outlook for solar power.
The funding will primarily be used to scale up advanced manufacturing facilities, enabling GREW Solar to meet rising domestic and global demand for high-efficiency solar cells. As India pushes for self-reliance in renewable technologies, such investments are crucial for reducing dependence on imports and strengthening domestic supply chains.
Solar cell manufacturing plays a central role in India’s energy transition strategy. With ambitious renewable energy targets, the country requires large-scale domestic production of core components to ensure cost competitiveness, energy security, and resilience against global supply disruptions. GREW Solar’s expansion aligns closely with these national priorities.
At the same time, Inox Wind’s Q3 profit growth of 14% to ₹126 crore highlights strong performance in the wind energy segment. The improved profitability reflects better project execution, higher capacity utilization, and rising demand for wind power solutions across utilities and industrial customers.
The positive financial results indicate a recovery and stabilization phase for the wind energy sector, which had faced challenges related to delayed projects, policy uncertainties, and supply chain constraints in previous years. Inox Wind’s performance suggests renewed confidence in wind energy as a key pillar of India’s renewable mix.
Together, these two developments showcase the strengthening fundamentals of India’s renewable energy ecosystem. While GREW Solar is reinforcing the manufacturing backbone of the solar sector, Inox Wind is demonstrating operational success in clean power generation and project delivery.
From an industry perspective, such investments and financial results point to increasing maturity of India’s clean energy market. Companies are now moving beyond early adoption stages toward scalable, profitable, and globally competitive business models in both solar and wind segments.
These trends also reflect growing investor interest in climate-aligned sectors. As governments worldwide commit to decarbonization, renewable energy companies in emerging markets like India are attracting significant capital due to their long-term growth prospects and policy support.
Overall, GREW Solar’s large funding round and Inox Wind’s improved profitability together underline a broader structural shift. India’s renewable energy sector is entering a phase of industrial consolidation and financial strengthening, positioning itself as a critical driver of sustainable growth, energy security, and green economic transformation.
