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Amrut Energy Secures Rs 100 Cr Funding to Expand Solar Pump Manufacturing

Ahmedabad-based Amrut Energy, a leading manufacturer of solar water pumps and renewable energy solutions, has secured Rs100 Cr in private equity funding. The investment will be used to enhance manufacturing capabilities, boost research and development, and scale operations in underserved regions. Amrut Energy aims to leverage the funding to drive solar technology innovation, improve production efficiency, and expand its market reach, particularly in areas with limited access to reliable irrigation solutions. The company’s solar-powered water pumps help farmers access free and reliable electricity for irrigation, reducing dependency on conventional energy sources and cutting costs.

PM-KUSUM Program Expands Solar Pump Installations Across India

The PM-KUSUM program continues to support solar water pump adoption in India, with over 500,000 standalone solar pumps installed as of October last year. The initiative seeks to reduce diesel consumption in the agricultural sector and increase farmers’ incomes. Maharashtra leads with 197,863 solar pump installations, followed by Haryana (136,572), Rajasthan (85,635), Uttar Pradesh (53,182), and Jharkhand (21,522). The program provides farmers with subsidies of 30% to 50% for setting up standalone solar pumps or solarizing existing grid-connected pumps. Additionally, farmers can install up to 2 MW of grid-connected solar projects on barren or fallow land and sell electricity to local distribution companies at state-determined tariffs.

Recent Developments in Solar Pump Deployment

In January, Dakshin Gujarat Vij Company awarded contracts for 64 solar projects totaling 160 MW under Component C of the PM-KUSUM program, aimed at feeder-level solarization. Additionally, the Odisha Renewable Energy Development Agency (OREDA) issued a request for selection to install 10,000 off-grid solar water pumps with capacities ranging from 1 HP to 7.5 HP under Component-B of the program. These initiatives reflect the growing adoption of solar-powered irrigation across India, helping to enhance agricultural productivity and sustainability.