Luminous Power Technologies to invest ₹2,000 crore in solar and storage over five years
Luminous Power Technologies announced a plan to spend roughly ₹2,000 crore in the next five years on solar manufacturing and energy-storage projects.
The Gurgaon-based firm aims to channel about ₹2,000 crore into expanding its solar panel production and battery storage capabilities. Managing Director and CEO Vivek Abrol said the investment is part of a strategy to triple the company’s overall business. The funding will be spread across a five-year horizon, targeting both manufacturing capacity and new product lines in renewable energy.
Why it matters
The investment signals a major boost to India's solar and storage capacity, supporting the country's clean-energy transition.
In this story
₹2,000 croresolar manufacturingenergy storageinvestment planrenewable energybusiness growthfive-year horizon
