RPSG Ventures Acquires 40% Stake in FSP Design

RPSG Ventures has purchased a 40% stake in FSP Design, marking a strategic investment move by the company. The acquisition expands RPSG Ventures' portfolio and establishes a significant ownership position in the design firm.

RPSG Ventures Reports Higher Q2 Revenue and Improved Losses

RPSG Ventures reported Q2 revenue of 26.7 billion rupees, up from 21.7 billion rupees in the same period last year. The company's EBITDA increased to 3.05 billion rupees from 2.17 billion rupees year-over-year, with EBITDA margin improving to 11.46% from 10.02%. The consolidated net loss narrowed to 520 million rupees compared to a loss of 779 million rupees in the previous year's corresponding quarter.

RPSG Group to Launch Cell and Module Manufacturing with 3 GW Capacity Target

RPSG Group Chairman Sanjiv Goenka announced the company's entry into cell and module manufacturing, with the first gigawatt of module capacity expected to begin operations within 45 days. The group plans to establish 3 GW each of cell and module capacity over the next three years. Goenka indicated that production will primarily serve the group's own facilities while also targeting export markets. The chairman reaffirmed confidence in achieving the ₹2 lakh crore market capitalisation target within 30 months, noting that internal targets have been scaled up since last year. Renewables will constitute a significant portion of RPSG's ₹1 lakh crore capital expenditure plans over five years, with 3.2 GW currently under implementation and another 4 GW nearing closure. The group aims for approximately 10 GW in renewables capacity over six years.