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DECEMBER 2025 Vol IV Issue XII
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GLOBAL LEADER
IN VACUUM & HEAT
TRANSFER
TECHNOLOGY
News
CONTENTS
P.14
Fabtech Technologies Bags Rs 33-Cr
Contract From Solar Pv...
P.14
India Closes 2025 With A Solar Capacity
Glut Faces Utilization, Margin...
P.16
Adani, Waaree, Reliance, Gautam Solar
Feature In Wood Mackenzie's ...
P.16
Hoshiarpur To Become Solar Model Dist
Students...
P.18
Waaree Energies Invests $30m In ...
P.18
Vci Global Stock Gains On Major
Utility-Scale Solar ...
P.24
Ntpc Adds 360 Mw Of Solar Capacity In
Gujarat...
P.24
Acme Solar Increases Gujarat Wind
Project Capacity By...
P.26
Waaree Secures Government Approval For
5.25 Gw Solar Cell...
P.26
,QR[JIO*URXS7R,QYHVWൟ&URUH,Q
Solar Module...
INTERACTION
MR. HIMANSHU
SIDANA
MANAGING DIRECTOR
HS CONTROL
& SYSTEMS
Page 30
MR. SUNIL
RAJAN
CEO
WOG
TECHNOLOGIES
Page 36
MR. MANISH
GUPTA
CHAIRMAN
INSOLATION
ENERGY LTD.
Page 34
MR. PIYUSH
GARG
DIRECTOR
BALAJI
SWITCHGEARS
PVT. LTD.
Page 28
MR.KAUSHIK
CHITALIYA
FOUNDER & MD
ASOTE SOLUTIONS
PVT. LTD.
Page 20
Susol Mccb High-Voltage Protection Engineered
For The Future
P.12
01
Hot Wire Anemometer Model - Km 7 35
Process Calibrator Temperature Signal
Generator Model- Km-Cal-811 P.32
02
PRODUCT INFO
TH
Harnessing Smart Solar Monitoring with
the HBeonLabs Data...
P.54
01
Open Access Power For C&I
-Game Changer
P.56
02
The Man Who Dreamt Of Hydrogen:
Lalit Chudiwala’s Radical Quest For...
P.58
03
Innovative Battery Recycling: Building
The Ecosystem To Power...
P.63
04
Different Low Voltage Earthing Systems
& Regulation 18 Of Cea Safety...
P.67
05
P.76
Atlas
Copco
Launches...
P.77
Jakson
Leads India’s
Shift...
P.78
Vikram
Solar’s
New 5 Gw...
P.80
Graham India
Partners with
Samarthanam...
P.82
Truzon Solar
By Sunket
Energy...
PRESS RELEASE
GUEST ARTICLE
Eps Energy Expo - Pune
Glimpses From - Eps Energy Expo - Pune
P.40
Cover Story
The Innovation Engine: Startups, Innovations
And The Making Of A New India P.48
CONTENTS
TH
Dear Folks
As Industrial Outlook marks another milestone in its journey, this anniversary edition stands as a tribute to the
spirit that is reshaping India’s industrial and economic landscape innovation. Our theme, “The Innovation Engine:
Startups, Innovations and the Making of a New India,” captures a defining moment in the nation’s growth story,
where ideas are rapidly transforming into impact at scale.
India today is powered by a vibrant startup ecosystem, cutting-edge technologies, and an entrepreneurial mindset that
dares to challenge conventions. From manufacturing and automation to energy, electronics, and digital infrastructure,
innovation is no longer a buzzword it is the engine driving productivity, competitiveness, and inclusive growth. In this
special issue, we bring you insightful perspectives on how startups and innovators are redefining industries, creating
new opportunities, and strengthening India’s position on the global stage.
Complementing our cover focus are thought-provoking guest articles, exclusive industry updates, press releases, and
expert insights that reflect the pulse of a fast-evolving industrial ecosystem. Together, they offer a comprehensive view
of the trends, challenges, and opportunities shaping the future of Indian industry.
This edition also celebrates the successful EPS Expo 2025, held in Pune from 28th to 30th November. The event
emerged as a dynamic platform for innovation, collaboration, and knowledge exchange, bringing together industry
leaders, startups, and technology providers under one roof. Its success reinforces the industry’s collective commitment
to progress and partnerships.
Above all, this anniversary is incomplete without acknowledging our readers. Your trust, engagement, and continued
support inspire us to evolve, stay relevant, and deliver meaningful industry narratives. Thank you for being an integral
part of the Industrial Outlook journey we look forward to shaping the future together.
Stay informed. Stay inspired.
Roopal Chaurasia
Disclaimer : The content and numbers of this
edition may mismatch of differ due ot current
change in the market. Industrial Electrical is
not responsible for such changes or errors.
Please write your feedback/
suggestions or question on
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EDITOR NOTE
TH
About the Product
The LS Electric Susol Molded Case
Circuit
Breaker
(MCCB)
is
a
high-performance protection device
designed for up to 690 / 800 / 1000
Vac applications. Developed to meet
the evolving needs of renewable
energy systems, high-altitude instal-
lations, and advanced industrial in-
frastructure,
Susol
MCCB com-
bines high breaking capacity, com-
pact design, and global compliance
into a single robust solution. It is
engineered to deliver reliable protec-
tion in demanding electrical environ-
ments where safety, continuity, and
performance are critical.
Product Description
Susol MCCBs are available across
multiple frames, including UTV250
(up to 250A) and UTV400 (up to
400A), supporting both 3-pole and
4-pole configurations. The range is
designed for AC systems up to 1000
Vac, making it suitable for modern
applications such as solar power
plants, energy storage systems, EV
infrastructure, and industrial distri-
bution panels.
The product supports a wide selec-
tion of trip units thermal-magnetic
and adjustable options allowing sys-
tem designers to tailor protection
characteristics to specific applica-
tion requirements. With a strong fo-
cus on electrical safety, mechanical
durability, and ease of integration,
Susol MCCB is built to perform
consistently across varying tempera-
tures, altitudes, and load conditions.
Key Features
• High Voltage Capability: Rated
for 690 / 800 / 1000 Vac, supporting
next-generation power systems.
• High Breaking Capacity:Robust
interrupting performance across -
voltage levels, ensuring safe fault
clearance.
• Compact Design: Space-opti-
mized dimensions enable efficient
panel layouts without compromis-
ing performance.
• Multiple Trip Unit Options:Fixed
and adjustable thermal-magnetic trip
units to suit diverse protection needs.
• Wide Accessory Ecosystem: Sup-
port for shunt trips, undervoltage
trips, auxiliary contacts, motor oper-
ators, rotary handles, and interphase
barriers.
•
Global
Standards
Compli-
ance: Designed and tested in accor-
dance with IEC 60947-2 / 60947-3
and UL 489 standards.
• Renewable & High-Altitude Rea-
dy: Engineered for stable operation
in harsh environments and elevated
installations.
Key Highlights
• Future-Ready Voltage Range:
Enables smooth transition to high-
er-voltage AC architectures.
• Flexible Configuration: Suitable
for distribution, isolation, and switc-
hing duties.
• Reliable Performance Across -
Temperatures: Clear derating char-
acteristics ensure predictable behav-
ior under varying ambient condi-
tions.
• Ease of Integration: Panel-friend-
ly design with standardized mount-
ing and connection options.
• Scalable Protection: Covers a
broad current range from 60A up to
400A, supporting diverse system
sizes.
Market Differentiators
What sets Susol MCCB apart in the
global MCCB market is its combina-
tion of high-voltage capability, com-
pact construction, and renewable-fo-
cused design philosophy. While
many conventional MCCBs are lim-
ited to lower voltage ranges, Susol
MCCB addresses the growing de-
mand for 800V and 1000V AC sys-
tems driven by renewable energy and
electrification trends.
Additionally, LS Electric’s strong
emphasis on global certifications,
application flexibility, and long-term
reliability makes Susol MCCB a
preferred choice for OEMs, EPCs,
panel builders, and industrial users
seeking dependable protection for
modern power systems. The product
is not just designed for today’s
requirements, but for the future of
energy and infrastructure.
Conclusion
Susol MCCB represents LS Elec-
tric’s commitment to delivering safe,
reliable, and future-ready circuit
protection. With its high voltage rat-
ings, robust breaking performance,
and adaptability to renewable and
industrial applications, it stands as
a strong solution for organizations
building the next generation of elec-
trical systems.
SUSOL MCCB HIGH-VOLTAGE PROTECTION ENGINEERED
FOR THE FUTURE
PRODUCT INFO
12 | December 2025 | www.industrialoutlook.in
TH
080 61429108
www.lselectric.in
info_india@ls-electric.com
SUSOL MCCB – Powering High-Voltage Confidence
LS Electric Susol MCCB is a high-performance molded case circuit breaker designed for
modern electrical systems up to 690 / 800 / 1000 Vac, delivering reliable protection for
industrial and renewable applications.
Key Features & Highlights:
• High breaking capacity for enhanced safety
• Compact, space-saving panel design
• 3P & 4P configurations up to 400A
• Wide range of accessories & trip options
• Compliant with IEC & UL standards
• Ideal for solar, EV, ESS & industrial systems
Future-ready protection. Engineered for performance.
14 | December 2025 | www.industrialoutlook.in
India’s solar module manufactur-
ing capacity is set to cross 125
gigawatts (GW) by the end of the
year, far outpacing the domestic
demand of around 40 GW, raising
concerns over capacity utilisation
and profitability in the next fiscal
year as export opportunities shrink
and competition intensifies in the
local market, analysts say.
Currently, solar module manufac-
turing is dominated by a handful of
players such as Waaree Energies,
Adani Solar, Premier Energies and
Vikram Solar.
The sector faces the test to vertical-
ly integrate faster before the market
catches up, as analysts are of the
view that profitability in the sector
could normalise in the coming
years, leaving the sector open to
potential
consolidation,
wherein
only the vertically integrated manu-
facturers will benefit over the long
term due to greater control over the
supply chain.
The surge in production has been
driven by a strong policy support,
led by the Approved List of Models
and Manufacturers (ALMM), which
effectively curtailed direct imports
of solar modules. This was rein-
forced by the imposition of basic
customs duty on imported cells
and
modules, alongside produc-
tion-linked incentives.
INDIA CLOSES 2025 WITH A SOLAR CAPACITY GLUT
FACES UTILIZATION, MARGIN TEST NEXT YEAR
NEWS
Fabtech Technologies Cleanrooms
announced that it has received an
order worth Rs 33 crore from one of
the leading companies in the solar
PV module manufacturing space.
The order entails the manufactur-
ing, supply and installation of mod-
ular cleanroom partition systems,
including doors, HVAC systems and
allied accessories. The contract has
been awarded by a domestic entity,
the company said in an exchange
filing.
The order is scheduled to be execut-
ed by 30 April 2026. The total value
of the contract stands at Rs
33,00,06,870, excluding applicable
taxes and levies.
The company clarified that the
promoter, promoter group or group
companies have no interest in the
entity awarding the contract. Fur-
ther, the transaction does not fall
under related-party transactions.
Fabtech Technologies Cleanrooms
(FTCL) is an India-focused clean-
room infrastructure company, offer-
ing in-house manufactured modular
partitions, HVAC, and MEP systems
for pharma, biotech, semiconductor,
and green energy sectors.
The companys consolidated net
profit declined 37.83% to Rs 3.32
crore despite of 23.03% increase in
revenue from operations to Rs 76.18
crore in H1 FY26 over H1 FY25.
Shares of Fabtech Technologies
Cleanrooms added 1.47% to settle
at Rs 341.30.
FABTECH TECHNOLOGIES BAGS RS 33-CR CONTRACT FROM
SOLAR PV MODULE MANUFACTURER
THTH
G-101, SITE B, SURAJPUR GREATER NOIDA (U.P.-201306)
+91 8588996669, 9990636456
info@prixenergy.com
Al Grade T6-6063 & 6005
Shotblast & Anodised Al Frame
1.2 GW Fully Automatic Frame Production Line
PRIX ENERGY
PRIXCART E BIZ SOLUTION LLP
16 | December 2025 | www.industrialoutlook.in
In a significant step towards build-
ing the district’s future on the strong
pillars of clean energy, education
and self-reliance, the Hoshiarpur
district administration has launched
an inspiring and forward-looking
initiative under the ‘Chardha Suraj
Abhiyan.’
At the heart of this campaign is the
installation of free 1-kilowatt roof-
top solar panel systems at the homes
of 600 meritorious students, along-
side two other impactful projects
focused on employment for special-
ly-abled
youth
and
livelihood
generation for rural women.
Chairing a meeting with prominent
NGOs working in the district,
Deputy Commissioner Aashika Jain
underlined that sustainable develop-
ment is possible only when admin-
istration and society move forward
together.
She said the entire campaign is
being implemented by the district
administration in collaboration with
the Indian Red Cross Society, with
NGOs playing a pivotal role as
agents of social transformation.
ADC (D) Nikas Kumar, Assistant
Commissioner Oishee Mandal, Red
Cross Secretary Mangesh Sood and
Joint Secretary Aditya Rana were
also present during the meeting.
HOSHIARPUR TO BECOME SOLAR MODEL DIST
STUDENTS TO GET FREE ROOFTOP SYSTEMS
NEWS
The next efficiency leap to be
driven
by
TOPCon
4.0
and
back-contact technologies. These
together will push mainstream mod-
ule performance above 25%, ac-
cording to Wood Mackenzie, there-
by accelerating the retirement of
lower-grade manufacturing lines.
Wood
Mackenzie
has
recently
released a global module ranking,
which stresses the resilience of top
manufacturers against ongoing pric-
ing pressure and oversupply that
have continued to define the mar-
ket. Notably, according to the
report, Adani Solar and DMEGC
Solar were able to maintain a 100%
utilisation rate.
Despite market fluctuations, the
report noted that the top 10 manu-
facturers maintained an average
utilisation rate of 70% in H1 2025.
In contrast, all other manufacturers
maintained a global average of just
43%. It also highlighted that the
concentration
of
market
share
among the top 10 manufacturers
collectively shipped 224 GW of
modules,
representing
75%
of
global shipments in the first half of
the year.
Among
Indian
manufacturers,
Adani Group topped the list across
all segments. Other Indian compa-
nies featured in the Wood Macken-
zie ranking include Reliance Indus-
tries, Jackson, Vikram Solar, Waa-
ree Energies, Premier Energies,
Rayzon, Gautam Solar, and Kosol
Energy.
ADANI, WAAREE, RELIANCE, GAUTAM SOLAR FEATURE IN
WOOD MACKENZIE'S GLOBAL MODULE RANKING
TH
500 MWp+
Portfolio
18 | December 2025 | www.industrialoutlook.in
VCI GLOBAL STOCK GAINS ON MAJOR UTILITY-SCALE
SOLAR EXPANSION
NEWS
THomegrown Waaree Energies on
Friday said it has signed an agree-
ment to invest USD 30 million
(about Rs 25 crore) in United Solar
Holding Inc.
In a statement, the company said it
signed the agreement through its
US-based arm Waaree Solar Ameri-
cas Inc.
Waaree Solar Americas Inc signed
a binding term sheet to invest USD
30 million in United Solar through
Series B preferred shares, alongside
a long-term polysilicon offtake
agreement to support Waaree's glob-
al solar manufacturing operations,
and in particular, the US operations.
The transaction is expected to close
on, subject to the satisfaction of
customary closing conditions.
In the US, Waaree Solar Americas
has an operational 1.6 GW module
manufacturing facility in Texas,
which is being expanded to
3.2 GW. I
VCI Global stock jumped 7.1% in
premarket trading Friday after an-
nouncing a strategic expansion
into utility-scale solar energy dev-
elopment through a memorandum
of understanding with DPS Energy.
The agreement outlines plans to
develop a 250-megawatt solar pho-
tovoltaic platform on approximately
600 acres in Malacca, Malaysia.
The project represents a significant
milestone for VCI Global as it
positions
itself
deeper
within
the energy infrastructure supporting
data centers and AI-driven digital
infrastructure across Malaysia.
According to the company, the
utility-scale platform has an indica-
tive project value of US$200-300
million and potential long-term
contracted revenue of US$360-480
million over a 20-year operating
life. The solar facility is expected to
generate approximately 350 to 450
gigawatt-hours annually, translating
to an estimated US$18-24 million in
annual gross revenue.
The project aims to support long-te-
rm power purchase agreements with
utilities, industrial users, and data
center operators, with potential for
future
battery
energy
storage
integration. VCI Global indicated
that data center offtake arrange-
ments and adjacent AI infrastruc-
ture development are under active
evaluation.
The initiative aligns with Malay-
sia’s national renewable energy tar-
gets of 31% capacity by 2025 and
40% by 2035, as the country emerg-
es as a regional hub for hyperscale
data centers and AI infrastructure.
"This is not just a solar project; it is
an infrastructure platform. As AI,
cloud computing, and hyperscale
data centres expand across Malay-
sia, access to large, reliable, and
renewable power is becoming mis-
sion critical," said Dato’ VictorHoo,
Group Executive Chairman and
CEO of VCI Global. I
WAAREE ENERGIES INVESTS $30M IN UNITED SOLAR
TH
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Q. ASOT Solar operates in a
highly competitive module man-
ufacturing space. What differen-
tiates your brand in today’s solar
market?
ASOT Solar differentiates itself
through an unwavering focus on
quality, consistency, and applica-
tion-driven performance. While
much of the market competes pri-
marily on price, our priority is
long-term energy yield, operation-
al reliability, and rigorous quality
control at every stage of manufac-
turing.
Our adoption of N-type TOPCon
technology, supported by stringent
testing and validation protocols,
enables us to deliver modules that
perform reliably across diverse In-
dian and global climatic condi-
tions. This quality-first philosophy
has helped us build strong credibil-
ity and lasting trust with EPCs and
project developers nationwide.
Q. How does ASOT Solar bal-
ance rapid growth with product
reliability and long-term perfor-
mance assurance?
Rapid growth brings added respon-
sibility, and at ASOT Solar, scale
never comes at the expense of reli-
ability. We have embedded multi
-layer quality assurance systems
that include inline inspections,
electroluminescence testing, and
extended reliability validation.
Alongside capacity expansion, we
are strengthening process gover-
nance, digital traceability, and
post-installation performance mo-
nitoring, ensuring that every mod-
ule leaving our facility consistent-
ly meets stringent performance
benchmarks throughout its opera-
tional lifecycle.
Q. What role do EPCs and
project developers play in ASOT
Solar’s growth journey?
EPCs and project developers are
integral partners in ASOT Solar’s
ecosystem. We work closely with
them to understand on-ground
challenges, project timelines, and
site-specific performance require-
ments.
This continuous feedback loop
directly informs our product devel-
opment, logistics planning, and
after-sales support framework. By
positioning ourselves as a solu-
tion-oriented partner rather than
just a module supplier, we contrib-
ute to project success and reinforce
long-term customer confidence.
Q. What is ASOT Solar’s ap-
proach to building long-term
customer trust in the solar
ecosystem?
At ASOT Solar, trust is built
through consistent performance,
transparent communication, and
dependable after-sales support. We
place strong emphasis on thorough
pre-dispatch inspections, clearly
defined warranty commitments,
and responsive technical
assis-
tance.
By nurturing long-term relation-
ships with EPCs and developers,
we create a collaborative ecosys-
tem that supports project perfor-
mance and reliability well beyond
the installation phase.
Q. How does ASOT Solar view
innovation beyond module effi-
ciency alone?
While module efficiency remains a
critical metric, ASOT Solar views
innovation in a broader, more
holistic context. This includes ease
of installation, system compatibili-
ty, logistics efficiency, and long-te-
rm lifecycle performance.
By addressing these interconnected
factors, we help reduce overall
project costs, improve system
reliability, and deliver sustainable
value across the entire solar value
chain.
Mr. Kaushik Chitaliya
Founder & MD
ASOTE Solutions Pvt. Ltd.
INTERACTION
Building Trust Through Quality-Driven
Solar Manufacturing
20 | December 2025 | www.industrialoutlook.in
TH
22 | December 2025 | www.industrialoutlook.in
Q. ASOT
Solar’s
growth
journey reflects both ambition
and discipline. How do you
ensure that rapid expansion
strengthens, rather than strains,
your manufacturing ecosystem?
At ASOT Solar, expansion is
approached as a system-wide
transformation, not merely an
increase in installed capacity. As
we scale, equal emphasis is placed
on process standardization, equip-
ment validation, and continuous
skill development of our work-
force. Every new production line
undergoes extensive trial runs and
performance benchmarking before
entering commercial operation.
Simultaneously, we reinforce in-
ternal governance covering supply
chain coordination, quality check-
points, and predictive maintenance
systems to ensure operational sta-
bility. This structured approach
allows growth to enhance efficien-
cy, consistency, and reliability,
rather than introducing strain or
risk.
Q. How does ASOT Solar trans-
late global technology trends into
solutions that work for Indian
conditions?
While global technology trends
shape innovation, ASOT Solar
ensures that every solution is
carefully localized for Indian
operating conditions. Our modules
are rigorously tested to perform
under high temperatures, dust-in-
tensive environments, monsoon
exposure, and coastal humidity.
By combining global best practices
with deep local understanding, we
deliver solutions that are not only
technologically advanced but also
practically resilient, enabling de-
pendable performance across di-
verse geographies without compro-
mise.
INTERACTION
TH