“OVERVIEW OF SOLAR INDUSTRIES IN INDIA”

IN PARTIAL FULFILLMENT OF THEREQUIREMENTS FOR

Master of Management Studies
(University of Mumbai)

2022-2024 Batch

Name of the Student: Rachana M. Yadav

Roll Number: P 65

SUBMITTED TO:

DR. V. N. BEDEKAR INSTITUTE OF

MANAGEMENT STUDIES, THANE

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 DECLARATION BY THE CANDIDATE

This is to certify project report entitled Overview of solar industries in India which is
submitted by me in partial fulfillment of the requirement for the award of Master of
Management Studies, (University of Mumbai) Dr. V.N. Bedekar Institute of Management
Studies, comprises of my original work and due acknowledgment has been made in the text
to all other material used.

Wherever references have been made to intellectual properties of any individual /

Institution / Government / Private / Public Bodies / Universities, research paper, text books,
reference books, research monographs, archives of newspapers, corporate, individuals,
business / Government and any other source of intellectual properties viz., speeches,
quotations, conference proceedings, extracts from the website, working paper, seminal work
they have been clearly indicated, duly acknowledged and included in the Bibliography.

____________________________________
Date & Signature of Candidate

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 CERTIFICATE BY THE GUIDE

This is to certify that project report entitled Overview of solar industries in India
which is submitted by Rachana M. Yadav in partial fulfillment of the requirement for the
award of Master of Management Studies, (University of Mumbai) Dr. V.N. Bedekar Institute
of Management Studies, is a record of the candidate's own work carried out by him under
my guidance. The matter embodied in this report is original and due acknowledgment has
been made in the text to all other material used.

Authorized Signatory:
Date:

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 ACKNOWLEDGEMENT

I would like to express my thanks to the people who have helped me most throughout
my project. I am grateful to my Prof. Siddhesh Soman for nonstop support for the project. I
cannot say thank you enough for his tremendous support and help.

I owe my deep gratitude to CEO Mr. Anil Yadav and Head Accountant Mr. Sunil
Yadav who took keen interest on our project work and guided me along, till the completion
of our project work by providing all the necessary information for developing a good
system.

Atlast but not the least I want to thank all my friends who helped/treasured me out in
completing the project, where they all exchanged their own interesting ideas, thoughts and
made this possible to complete my project with all accurate information. I wish to thank my
parents for their personal support or attention who inspired/encouraged me to go my own
way.

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 TABLE OF CONTENT

CHAPTERS TOPIC PAGE NO

1 Executive Summary 7
2 Overview of the topic 8 to 32
2.1 What is solar Energy?
2.2 How does it work?
2.3 Advantages
2.4 Disadvantages
2.5 Solar energy challenges in India
2.6 Future of the solar energy industry in India
2.7 Government initiatives on solar energy
2.6 Top 10 solar companies in India
3 About the Company 33 to 39
3.1 Vision and Mission
3.2 Our Product
3.3 Locational and Why Us
3.1 SWOT Analysis
4 On the Job Training 40 to 42
4.1 Work responsibilities assigned
4.3 Technical and Managerial skills gained
5 Literature Review 43 to 44
6 Project Execution Methodology
6.1 Data Collection Method 45 to 47
7 Findings 48
8 Recommendation and Suggestion 50
9 Reference / Bibliography 51

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 1. EXECUTIVE SUMMARY

India provides ideal solar power conditions due to its strong sun insolation and dense
population. Any national progress depends on power. Thermal, hydel, and nuclear energy are
the three main sources now used to meet global energy demands. While Hydel and Nuclear
have their own inherent limitations, Thermal Power is frequently impacted by the issue of fuel
availability. Thermal power plants, which provide most the world's energy demands, currently
prefer coal as their fuel. Oil, gas, and other conventional fuels will not be able to meet demand
indefinitely. In addition to the enormous financial requirements, the execution of additional
similar projects using conventional methods of power generation will also present issues of
growing size.

The update will look at significant challenges for renewable energy this year and the next,
including how India's energy crisis will affect their deployment, their implications on energy
affordability, and the most current trends in the US, China, and India. In relation to major
technologies like solar, wind, and biofuels, it will also examine market dynamics, funding,
aspirations for energy security, manufacturing, and power system integration.

The overall objective of this project is to explore India's requirement for the solar companies
and need of solar energy in day-to-day life and assess the level of service quality of product to
customer at Galaxy controls limited, Thane The project starts with the brief overview of solar
industry in India, solar energy, how does it work and future of solar energy in world
size.

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 2. OVERVIEW OF THE TOPIC

India has a lot of room for solar energy development. Since there are 300 sunny days on
average each year, the nation is ideally situated to produce solar energy. India has the capacity to
produce up to 750 GW of solar energy, which is more than adequate to cover the nation's energy
requirements, based to the National Institute of Solar Energy. The states of Rajasthan, Gujarat, and
Tamil Nadu are particularly well-suited for the generation of solar energy. India also has a sizable
amount of land that is excellent for solar power facilities.

This industry is divided into various market segments. Residential solar involves
homeowners installing solar panels on rooftops to generate electricity and reduce reliance on the
traditional grid. Commercial and industrial solar caters to businesses and industries seeking cost
savings and sustainability through solar power integration. Utility-scale solar encompasses large-
scale solar farms that feed electricity into the grid, providing clean energy to entire regions.

Key players in the solar industry include manufacturers of solar equipment, installation and
engineering companies, and traditional utilities entering the renewable energy space.

As a result of lowering emissions of greenhouse gases and reducing dependence on fossil

fuels, solar energy has an advantageous effect on the environment. Intermittency brought on by
weather patterns and the initial installation spending are problems. But went on technological de-
velopment, a growing world population, and a commitment to sustainability place the solar

Solar in India Market Analysis

India's solar market has seen rapid growth and significant developments in recent years, establish-
ing the country as a major player in the global solar industry. Several factors contribute to India's
promising solar market analysis:

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Falling Solar Costs: Solar energy is now becoming increasingly accessible and less costly thanks
to a substantial decrease in the price of solar panels and related equipment. Large-scale solar auc-
tions in India have produced some of the lowest solar tariffs ever, thereby encouraging adoption.

Increasing Solar Capacity: India has made substantial progress in expanding its solar capacity,
with a focus on utility-scale solar projects. Several states, including Rajasthan, Gujarat, and
Andhra Pradesh, have become hubs for solar installations.

Private Investment: Private companies and international investors are actively participating in In-
dia's solar industry. Major corporations are investing in solar projects, and foreign companies are
collaborating on solar technology transfer and project development.

Energy Access: Solar power plays a vital role in extending energy access to rural and remote
areas where grid connectivity is limited.

Job Creation: The solar companies have the potential to supply a lot of jobs to India's employ-
ment opportunities, from production to installation and upkeep.

Environmental Benefits: Solar energy improves air quality by reducing the production of
greenhouse gases and air pollution, in line with India's commitment to addressing climate change.

Solar in India Market Trends

Solar market trends in India include:

Rapid Growth: India continues to expand its solar capacity, with a focus on utility-scale projects.

Falling Costs: Solar panel prices have declined, making solar energy more competitive.

Government Support: Government initiatives, subsidies, and targets promote solar adoption.

Private Investment: Private companies and foreign investors are increasingly investing in Indian
solar projects.

Energy Access: Off-grid solar solutions are providing electricity to remote areas.

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Job Creation: The industry is a source of employment, spanning manufacturing, installation, and
maintenance.

Environmental Benefits: Solar energy contributes to reducing emissions and improving air qual-
ity, aligning with climate goals.

TOP 10 Global Solar Markets

In conclusion, given the fact that certain countries were still governed by COVID-19-
related restrictions in the early months of 2022, solar energy proved to be an enormously
effective year. For the first time in history, new installations comfortably exceeded the 200 GW
milestone with a 45% annual growth rate. Like prior years, China kept on leading the world in
solar energy because growth was largely driven by that country.

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 2.1 WHAT IS SOLAR ENERGY

Solar radiation is referred to as "sun energy" because it can cause chemical reactions,
electricity, or heat. The amount of solar energy that strikes Earth far above the planet's
requirements for energy, both now and in the future.

Solar energy has a huge amount of potential because the amount of bright sunlight that
the Earth absorbs each day is over 200,000 times larger than the world's ability to produce
power. Unfortunately, even though solar energy is free, many locations still forbid the
consumption of it due in part to the high cost of its purchase, conversion, and storage. Solar
energy can be transformed into either electrical power or thermal power (heat), but the former
is simpler to use.

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Electricity Generation

The utilization of sunlight to produce electricity is possible with solar cells, also known
as photovoltaic cells. The photovoltaic effect, which occurs between a metal and
semiconductor, such as silicon, or between two separate semiconductors, causes a tiny electric
potential to be formed when daylight strikes a solar cell. When semiconductors' electric
potential (voltage) naturally fluctuates, it produces the photovoltaic effect, releasing trapped
electrons and allowing them to move across an external circuit.

Although solar power plants can generate additional electrical power by focusing or
concentrating sunlight with aligned mirrors or lenses and larger arrays are used by homeowners
and businesses to add to or replace their traditional electric supplies, common smaller-scale
applications of solar cells include serving as a power source for watches and pocket calculators

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Thermal Energy
Thermal energy is a fundamental concept in thermodynamics, representing the internal
energy of a substance or system arising from the random motion of its constituent particles. It is
intimately tied to temperature, as the kinetic energy of particles increases with rising
temperatures. The process of conduction, convection, and radiation are the three main ways by
which thermal energy is transferred.

Convection is the transfer of thermal energy in fluids (liquids or gases) through the
movement of heated masses. As a fluid warms, it becomes less dense and rises, allowing cooler
fluid to replace it. Radiation is the emission of electromagnetic waves, such as infrared
radiation, that carry thermal energy. Unlike conduction and convection, radiation does not
require a material medium and can transfer heat through a vacuum.

Understanding and controlling thermal energy is essential in various applications,

including heating and cooling systems, engines, power generation, and materials science.
Efficient management of thermal energy is crucial for energy conservation and optimizing the
performance of countless technologies and processes.

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 2.2 HOW DOES SOLAR ENERGY WORK

Solar energy works by harnessing the radiant energy emitted by the sun and converting
it into usable forms of power, such as electricity or heat. This process primarily relies on two
main technologies: photovoltaic (PV) systems and solar thermal systems. Below is a detailed
explanation of how each of these technologies works:

Photovoltaic (PV) Systems:

Photovoltaic systems, often referred to as solar panels, directly convert sunlight into
electricity using semiconductor materials, typically silicon. Here is how this process works:

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Photon Absorption: When sunlight (solar radiation) reaches a PV panel, it consists of tiny
packets of energy called photons. These photons carry energy, and when they strike the surface
of the PV panel, they are absorbed by the semiconductor material.

Electron Excitation: The absorbed photons transfer their energy to electrons in the
semiconductor, causing them to become energized and move to a higher energy state. This
creates electron-hole pairs.

Electric Field Generation: The structure of the PV panel contains an electric field due to the
arrangement of the semiconductor material. This electric field acts as a diode, causing the
energized electrons to move towards the front surface of the panel, while the "holes" (the
vacancies left behind by the energized electrons) move to the back surface.

Electron Flow: This movement of energized electrons creates an electric current. Metal
contacts on the front and back surfaces of the PV panel collect this current, creating an electric
circuit.

Electrical Output: An inverter transforms the direct current (DC) generated by the PV panels
into a form of alternating current (AC), which is compatible with typical appliances and the
grid, before the generated electric current becomes accessible for use in electrical appliances,
stored in battery packs, or fed into the power grid.

Solar Thermal Systems

Solar thermal systems utilize the sun's energy to generate heat that can be used for a
variety of purposes, including as heating water, heating rooms, and generating electricity. There
are many different kinds of solar thermal energy systems, but concentrating solar energy
( CSP ) systems are a typical example:

Sunlight Concentration: Sunlight is directed onto a receiver using CSP systems using mirrors
or lenses. The amount of sunshine is increased due to this concentration, which additionally
increases the quantity of heat it can generate.

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Heat Absorption: A heat-transferring water, such as oil or melted salt, is set inside the receiver,
which is frequently a pipe or tube. The fluid rapidly heats up when concentrate sunlight hits the
receiver.

Heat Transfer: Once in a heat exchanger, the heated fluid transmits its heat to an operational
fluid like water or steam. The working fluid's temperature rises as a result of this heat transfer.

Steam Generation: In some CSP systems, the working fluid is used to produce high-pressure
steam. This steam can then be used to drive a turbine, which generates electricity.

Electricity Generation: When a turbine is spinning and connected to the generator,

mechanical energy is converted into electrical energy that can be used straight away or
conserved for later use.

In both PV and solar thermal, the electricity or heat generated can be used directly to meet
energy needs or stored for future use. Battery storage systems are commonly used to store
excess electricity generated by PV panels, allowing homeowners and businesses to have a
reliable source of power even when the sun is not shining.

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 2.3 ADVANTAGES OF SOLAR ENERGY

You Can Make Money

You may develop and sell the electricity thanks to the feed-in tariff regulations that are
in effect in most of India, and that income may remain for 20 years or longer.

Your home's worth can rise by up to 200 rupees for every rupee you can save on your
energy bill. In some markets, solar businesses may be ready to lease your roof or land in order
to put their solar installation, even if you do not build the solar yourself. A joint venture
arrangement is also an option in some circumstances

Solar Energy Is Abundant

Oil, coal, and gas will not last nearly as long as the sun. While some of the more
unusual composite materials used to create solar cells to convert solar energy into electricity
may eventually run out, the essential components (such as silicon and aluminum) are all readily
available and recyclable.

As Long As there is Light – It Works

The amount of sunshine can vary depending on where you are and the weather, but PV
cells can still generate power if there is light (even a little bit of it).

Sunshine Is Free

Solar power is cost-free. Installing a system that will turn the electromagnetic energy
and photons emitted by the sun into electricity will cost money up front, but if the sun
continues to shine, you will be able to generate electricity.

Environmentally Friendly
There is no energy source more earth-friendly than solar energy, which also powers the
planet's environment and life. Solar cells turn sunlight into electricity without emitting any

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toxic substances into the atmosphere, in contrast to burning. One of the key benefits of solar
energy is that it will help us get there if you desire clean air.

Solar Energy Is Cost Effective

Even while solar photovoltaic panels are still rather expensive, they will eventually pay
for themselves through the sale of electricity or through the money you will save by lowering
the quantity of electricity you will need to purchase. The payback period is the length of time it
takes you to recoup your net investment (investment minus incentives). In general, solar
installations have shorter and shorter payback periods. Note: Due to recent advancements in
solar hot water technology and decreased cost, payback periods for home systems cannot be as
short as five years.
The cost-effectiveness of solar energy will increase as the price of coal, gas, oil, and
nuclear energy rises. There is an initial fee, but after that it begins to pay for itself. Everything
once you reach breakeven is profit. Imagine paying a payment each month with no return on
your investment.

Solar Energy Is Clean

A clean substitute for nuclear and fossil fuels is solar energy. It is quiet. Anywhere can
harness solar energy without causing noise pollution that might otherwise disturb nearby
residents and wildlife. There is therefore no risk of further harming our already devastated
ecosystem, and you may participate in the green effort, reduce your carbon footprint, and
protect our planet from dangerous greenhouse gases.

Greatly Reduced Contribution to Global Warming

Of course, one of the biggest benefits of solar energy is that there are no emissions that
warm the climate, such as carbon dioxide or methane. However, some of those pollutants are
unavoidably produced during solar panel production, shipping, and installation.

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 2.4 DISADVANTAGES OF SOLAR ENERGY

Substantial Initial Investment

A solar power system's initial installation can be rather expensive. Each business
provides a range of price choices. This might be challenging for some families, and the only
way to make the purchase might be to use credit cards or obtain a loan.

Solar energy is not work at night

Solor energy is totally depend on sun if there raining seasons electricity not produce so
it totally depends on sun so we need a optional battery backup.

Energy Storage

Solar energy is needed to store on batteries. Which can be expensive for take up a lot of
space. Solar energy only uses in day time to use at night we need to store energy in batteries
and utilise at night purpose.

Space Constraints

We need more space to stored solar panel you need and the more electricity you want.
Not all roofs can fit the number of solar panels that customers want or need.

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 2.5 SOLAR ENERGY CHALLENGES IN INDIA

Insufficient Domestic Manufacturing of Solar Parts

India's local manufacturing sector for solar PV cells and modules is seriously
underdeveloped due to a lack of facilities skilled personnel, and expensive production costs.

Lack of space

Lack of land for the installation of massive ground-mount solar systems is another
major challenge for India's solar energy sector. This could tenfold the opportunity for extra
R&D and innovation in terms of installation.

Financing Mechanism

The lack of innovative financing options for building massive solar PV parks, which
may offer greater quantities at lower interest rates for longer durations, is another key factor in
India's solar energy challenges. However, several government initiatives, such as the Green
Masala Bonds program and the National Clean Energy and Environment Fund, have
contributed to the problem's resolution.

Waste Management
The inability to properly handle solar waste is one of India's biggest obstacles to the
growth of the solar industry.

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 2.6 FUTURE OF THE SOLAR ENERGY INDUSTRY IN INDIA

India, with its expanding economy and sizable population of more than a billion people,
has long suffered from a lack of energy. Despite being one of the top power producers in the
world, the nation rarely has enough electricity to supply its rapidly expanding population.
Currently, coal provides 53% of India's energy requirements; however, forecasts indicate that
the country's coal reserves will not last through 2050. This third-world nation still has most
rural residents who live in villages, with only around half of them having access to electricity.
In order to provide its population with a fair amount of electricity

India's most practical and environmentally friendly choice for supplying all of its
citizens' energy demands, especially the 50% of its rural population who still lack access to
power, is solar energy. A typical solar system is easy to install and simply needs the solar panels
mounted correctly for it to work. Although solar energy use in India is nothing new and has
been used in some areas for quite some time, many people were already aware of its
advantages and rushed to put solar systems on their homes. But it has not really taken off
consistently yet.

As brilliant as the sun, which solar systems draw their electricity from. Following is a brief
summary of the reasons India will eventually switch to solar energy:

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Foreign funding for the solar industry

One of the important and crucial steps in promoting this industry and accelerating the
growth of Indian businesses investing in solar energy is to restrict FDI, or foreign direct
investment, in the field. Making the country more suitable to manufacturing, offering tax
breaks, and giving subsidies can truly help with the quick growth of the nation's solar energy
sector. This will not only help the companies, but also show how India's solar energy sector
can grow. The government should support the sector's need for backward integration. Many
Indian businesses already offer services that are on par with international standards and may
better meet the needs of the clientele. This would help the solar energy business, not just in
India but also globally, stay inventive and produce better outcomes.

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The contribution of industry to the promotion of renewable energy

India experienced a coal crisis during August and October 2021, which led to
expensive electricity exchange prices. In response, the biggest businesses in the country
adjusted their strategies and concentrated on more accessible, dependable, and clean
renewable energy sources. It shows that economics is what drives such decisions in addition to
the fact that renewable energy projects have a significantly higher return on investment.
Private actors are responsible for a substantial portion of the solar industry's growth. Given
that renewable energy promises a quicker return on investment than fossil fuel-based energy,
private enterprises are preparing to enter the market. Solar energy offers excellent
opportunities to investors.

Geographical Benefit

How much longer will India continue to overlook the impending threat to its fossil fuel
reserves? Due to its geographic location, India can create enough energy to not only meet its
own requirements but also those of the entire world! Due to its tropical position, it receives a
lot of solar radiation, with about 3,000 hours of sunshine every year. The top five states in India
with the most renewable energy capacity are those where solar panels can generate plenty of
electricity even on cloudy days

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Employment Opportunities

It has been long anticipated that we would switch to using solar energy. A whole solar sector
will soon emerge; it is only a question of time.

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Even though many people have started using solar panels to power their homes and workplaces

to meet their daily energy needs, India still has a long way to go before becoming a fully

solarized country.

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 2.7GOVERNMENT INITIATIVES ON SOLAR ENERGY

The following are some government of India initiatives to support India's renewable energy
sector:

 Green Growth is listed as one of the SAPTARISHI (seven priority) nodes in the Budget
2023–24.

 Pumped storage projects were given a push in Budget 2023–24 with a thorough frame-
work to be developed.

 On November 19, Prime Minister Narendra Modi dedicated given Kameng Hydro
Power Station in Arunachal Pradesh to the country. The project is in the West Kameng
District of Arunachal Pradesh and covers more than 80 kilometers. It costs approxim-
ately Rs. 8,200 cr.

 In February 2022, Nepal and India made the decision to establish a Joint Hydro Devel-
opment Committee to assess the viability of new hydroelectric projects

 On November 9, the Indian Minister of Finance and Corporate Affairs, Ms. Nirmala
Sitharaman, gave her approval to the nation's final Sovereign Green Bonds framework.
This choice would improve the terms of the Paris Agreement's Nationally Determined
Commitment (NDC) targets and encourage both domestic and foreign investment in en-
vironmentally friendly endeavours.

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 2.8 TOP 10 BEST SOLAR COMPANIES IN INDIA

Here are the top best 10 solar companies in India according to 2023 as well-known figures in
the solar energy sector.
.
1. Tata Power Solar

Over three decades have passed since Tata Solar first entered this industry. It provides
solar energy generation systems for use in residences, companies, and organizations. Fur-
thermore, It provides complete green energy solutions for urban and rural areas, including
turnkey, EPC, and O&M options for a range of commercial sectors, including utility-
scale projects, solar rooftops, and solar pump systems.

2. Adani Solar

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 Adani Solar was given legal status in 2016. Indian business has a 4 GW capabil-
ity for solar panel production. The business offers mono facial and bifacial modules (in
PERC Technology) for capturing solar energy. The ecosystem that Adani Solar is cur-
rently creating in India will be able to generate 10 GW of solar energy.

3. Servotech Power Systems

Servotech is award-winning Indian and significantly contributes to the creation of sus-

tainable energy with its expertly constructed solar panels. This top solar product manufac-
turer in India has more than 18 years of expertise in the field and provides a wide range of
cost-effective. One of the various solar solutions that Servotech offers is Solar EPC Ser-
vices

4. Waaree Energies

In 1989, Waaree Energies was established. Over three decades have passed since its in-
ception, and it now has a manufacturing capacity of more than 12GW. With a presence in
more than 380 locations across India and 20 other countries, retains a notable standing in
the solar energy industry

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 5. Vikram Solar

In 2006, Vikram Solar was established. This solar panel producer has set an ambitious
aim of 500 GW of renewable energy by 2030. More than 300 projects have been launched
by Vikram Solar so far across various areas.

6. Goldi Solar

Goldi Solar, situated in Gujarat, was established in 2011. It sells solar energy goods both
domestically and in 20 other nations. In just 10 years, Goldi Solar has grown its manufacturing
capacity from 10 MW to 500 MW, setting a record. Goldi Solar, bringing its total annual
manufacturing capacity to 2.5 GW.

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7. Saatvik Green Energy

From Haryana, Saatvik Green Energy Pvt. Ltd. began its journey into the solar industry
in 2015. It actively supports the solar energy industry and has a 1 GW yearly production
capacity. This solar panel producer currently has a manufacturing facility in Ambala,
Haryana, and will shortly open a second facility with a 1.2 GW capacity in Gandhidham,
Gujarat.

8. Renewsys India

Renewsys India has been operating for 12 years, starting in 2011, and currently has a
total installed module manufacturing capacity of 2.75 GW. It provides a wide variety of
solar products, such as PV back sheets, EVA and POE PV encapsulants, PV cells, and solar
panels. Over 40 nations receive solar goods from RenewSys. Three manufacturing facilities
for this solar panel company are located in Patalganga, Hyderabad, and Bengaluru.

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9. Loom Solar Pvt.

Loom Solar, based in Faridabad, Haryana, began producing solar panels in India in
2018. Now, it sells solar panels that produce clean energy and keeps a channel sales network
with more than 3500 resellers in more than 500 districts across Indian states. Loom Solar
has an annual production capacity of 100 MW

10. Patanjali

Patanjali is another producer of solar panels in India's solar energy industry, with a
current capacity of 72 MW. Now, Patanjali is attempting, with great ambition, to boost
operational capacity up to 500 MW by the end of 2023

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 3. ABOUT THE COMPANY

Galaxy Controls Limited, one of the top businesses in the sector, it manufacturer and
supplier of precision-engineered goods in the local market. Panel Boards are all included in the
offered lot. Our products rank well in terms of performance, durability, and quality thanks to
the use of current work processes and techniques during design and development. Our team
consists of specialists in several fields who go above and beyond to satisfy the various demands
of consumers.

The Thane, India-based Galaxy Controls Limited is successfully operating under the
capable leadership of Mr. Anil Yadav, the Managing Director. We have embraced ethical
business methods and reasonable pricing policies under his direction As a firm, we started
running operations in 2010.

Will doing internship in company they have given me a report to write about Overview
of solar industry in India.

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 3.1 VISION AND MISSION

OUR VISION

Our Vision is being a BRAND, where the name is enough for buyer to choose.

OUR MISSION

To provide best Quality, Highly Reliable, Human Friendly, Highly Safe & Cost-Effective
solutions, and services as per customers applications & requirements.

INFRASTRUCTURE

Investing huge amount in our manufacturing facility has enabled us to entertain different
industrial requirements within the said time frame. Further, we have parted our infrastructure
facility into different segments for smooth execution of the undertaken job

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 3.2 OUR PRODUCT

Electric Control Panel

Providing you the best range of Parking Control Panel Board, Mild Steel APFC Control
Panel, Electric Rotary Oven Control Panel, Mild Steel Water Pump Control Panel, PCC
Control Panel and Mild Steel Dryer Control Panel with effective & timely delivery.

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Distribution Panel
Manufacturer of a wide range of products which include Mild Steel ACB Distribution
Panel.

Plc Control Panel

Prominent & Leading Manufacturer from Thane, we offer Plc Control Panel.
Power Distribution Board
Our range of products includes Power Distribution Board.
Current Rating 1000A
Phase Three Phase
Rated Voltage 415 V

A distribution board or distribution panel (DP) is an important part of an electricity supply

system. Its job is to split an incoming electrical power feed into multiple secondary or
subsidiary circuits. Most of the time, each of these secondary circuits will be protected with
a fuse or breaker.

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Control Panel
We are a leading Manufacturer of Fully Automatic Hydraulic Machine Control Panel,
1000 Kg Extrusion Fully Automatic Plastic Line Control Panel, Etp Control Panel, Heat
Treatment Control Panel and Thyristor Control Panel from Thane, India.

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 3.3 REACH US AND WHY US

Reach Us

Anil Yadav : 52/6/58, Anil Kedar Niwas, Road No. 28, Behind Shiv SenaShakha, Ram
Nagar, Wagle Estate, Thane-400604, Maharashtra, India

Why Us?

We take great pride in establishing ourselves as a reliable company that is committed to

offering a wide selection of top-notch items to our esteemed clients in accordance with their
requirements. Below are some of the special qualities that have helped us succeed in this
market.

• knowledgeable group of experts

• On-time delivery

• Client-centered attitude

• Fair pricing

• ethical corporate conduct

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 3.4 SWOT ANALYSIS

STRENGTHS

• Powerful brand recognition on the Thane (Mumbai)

• Quite successful
• Cost-effectiveness
• Wide range of good

WEAKNESS

• Mainly based in Thane

• Older infrastructure
• E-commerce adoption has been slow

OPPORTUNITIES

• Increasing market reach inside nations

• A rise in online sales
• Emphasize the Products

THREATS

• Increased competition
• Declination
• Price decline


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 4. ON THE JOB TRAINING

Galaxy Controls Limited, Thane is a maker of electric control panels and automation;
they gave me introduction training on the company's manufacturing practices and shipping
information before I began my internship. It was intended to aid in my integration into the
business. Meetings with co-workers, an overview of the business and the products it offers,
computer systems, and company policies are just a few examples

They proceeded by demonstrating a specific duty connected to accounting, providing a

primary and secondary business and income flow, and explaining how we would maintain these
records.
They provided computer-based training that included learning new software and excel skills,
and they taught me new accounting skills and established goals depending on my skills and
abilities.

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 4.1 WORK RESPONSIBILITY ASSIGNED

▪ Create account entries, such as those for the general ledger.

▪ Create profit and loss statements

▪ Establish and implement accounting control procedures

▪ Participating in audits alongside internal and external auditors.

▪ Create and review income, payroll, spending, and individual and business budgets.

▪ Examine financial information, such as patterns in spending and income, to make

budget recommendations.

▪ Recommend computer software systems and filing systems

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 4.2 TECHNICAL AND MANAGERIAL SKILLS

• Proficiency with general ledger functions.

• Strong written and oral communication skills.

• Practical knowledge of accounting programs like Tally 9.0 and Tally ERP.

• Expertise in advanced MS Excel functions like Vlookups and pivot

• Time management

• Clerical knowledge

• Proficiency with Microsoft Office Suite

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 5. LITERATURE REVIEW

1. Samuel et.al (2019): “Awareness and use of solar energy as alternative power sources
for ICT facilities in Nigerian university libraries and information centres”. This paper
reports a survey carried out to investigate the awareness and use of solar energy as al-
ternative power source for ICT facilities in Nigerian library and information centers.
2. Ehsanul Kabir et.al (2018): “Solar energy: potential and future prospects”. In this article
the merits and demerits of solar energy technologies are both discussed. A few technical
problems affecting renewable energy research are also highlighted, along with benefi-
cial interactions between regulation policy frame works and their prospects. For that
they provide a global scenario regarding solar energy technologies in terms of their po-
tential, present capacity, prospects, limitations, and policies
3. Suhasbannur (2018): “Concentrated solar power in India: current status, challenges and
future outlook”. In this article, some of the challenges that have inhibited the growth
concentrated solar power are identified and possible solutions suggested. The critical
challenges for CSP are related to the lack of reliable direct normal irradiance database,
indigenous manufacturing, and competition from PV.
4. Mohd Rizwan et.al (2017): “A review paper on electricity generation from solar en-
ergy”. In this article authors reviewed about the solar energy from sunlight and dis-
cussed about their future trends and aspects. They also try to discussed working, solar
panel types; emphasize the various applications and methods to promote the benefits of
solar energy.
5. Gangopadhyay et.al (2016): “Wind and solar energy for reducing electricity deficits in
Karnataka”. In this article the main objective of the authors is to estimate the contribu-
tions that wind and solar power could make in reducing expected power deficits in a fu-
ture year, given the conventional generation that has been planned.
6. Sara Jo viral (2016): “Is solar power a cost-effective energy alternative to traditional en-
ergy? A benefit -cost analysis on Tylor country solar facility in Georgia”. This analysis

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 focuses on measuring the benefits and costs of this 911- acre solar form and evaluating
the net impact to examine whether the predicted negative impact on wildlife populations
outweighs the advantages of constructing a solar power plants in Georgia
7. Shubojit Dawn (2016)analysed the recent trends in the development of solar energy in
India. The study proposes that climate change and its consequences of natural disasters
are mainly due to incresed rate of corbon emissions and its outcomes associated with
greenhouse effect. The only way to overcome or toreduce this disaster is to cut down
the level of greenhouse gases by using green energy resources like solar and wind mill
eenergy resources. The encouraging fact is that Global capacity of solar photovoltaic
energy generation is increased from 3.7 GW to 177 GW during the time interval of
2004 to 2014 in India.
8. Jaymin Gajjar et.al (2015):“Solar PV energy generation map Karnataka, India”. This
study deals with solar photo voltaic generation potential for the Karnataka state. Both
annual energy generation and month wise energy generation maps are prepared. The
simulation results are closely matching with the actual energy generation data of exist-
ing power plants.
9. VineethAtreyashVasudeva Murthy (2014) in the report India’s Solar Energy Future fun-
ded by Centre for Strategic and International studies –CSIS analysed the institutional
and regulatory framework required for the development Solar energy Parks in India. It
is proposed that investment in Solar Energy in India is expected to increase sreadily
with the execution of the second phase of Jawaharlal Nehru National Solar Mission
( JNNSM-2009).
10. SrinivasanChinnammai (2014): “A study on energy crisis and social benefits of solar
energy”. In this paper author examines the short fall of energy and also it is finding out
the social benefit of the solar energy utilization. For that he made to review the literat-
ure on the subject of solar energy, to understand the varied perspectives on conventional
energy scenario, power development and its present position, and to understand renew-
able energy in general terms and solar energy in particular. And he concluded solar en-
ergy is a best energy fir human life

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 6. PROJECT EXCUTION METHODOLOGY

Research Methodology

Problem statement
Despite the increasing adoption of solar energy, challenges related to intermittency, high
upfront costs, and grid integration persist. This study seeks to address these issues, analyzing
technological advancements, policy frameworks, and economic factors to provide insights for
enhancing the solar industry's sustainability and accessibility.

Objectives of a study
To analyze the historical growth and current trends in the Indian solar industry,
including capacity expansion, technological advancements, and market dynamics
To examine the government policies, incentives, and regulations that have shaped the
solar industry in India and assess their impact on market development
To determine the current size of the Indian solar market, including installed capacity,
and to project its future potential for growth
To investigate recent technological advancements and innovations in solar technologies,
such as photovoltaic cells and solar thermal systems, and their adoption in India
To highlight investment opportunities in the Indian solar sector, including potential
areas for foreign and domestic investors, as well as venture capital and private equity
To identify the challenges and barriers hindering the growth of the Indian solar industry,
such as financing, land acquisition, and grid integration issues
To assess the environmental benefits and economic impact of solar energy deployment
in India, including reductions in greenhouse gas emissions and job creation
To identify and profile major players in the Indian solar industry, including
manufacturers, developers, and EPC companies, and analyze their market share and strategies

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Scope of a study
Solar industries encompass a broad analysis of key facets. This includes evaluating
market trends, technological innovations, environmental implications, policy frameworks,
competitive dynamics, public perception, and grid integration challenges. Additionally, the
study explores international comparisons to identify best practices and assesses the economic
and societal benefits of solar energy adoption. By investigating these dimensions, the research
aims to provide a comprehensive understanding of the solar industry's current landscape, its
potential for growth, and its contribution to sustainable energy transitions on a global scale.

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 6.1 DATA COLLECTION METHOD

To get information about the segmentation and penetration of products and customers in
and its effectiveness a stratified sample survey was conducted. For the present study of data has
been connected by always from following ways.

PRIMARY DATA:
Primary data are those gathered especially for the study. Situations requiring exploratory
and conclusive study demand the use of a significant amount of source data. Respondents,
analogies-case studies, research experiments, and questionnaires are the main sources of
primary data. Data for this study was gathered from a survey of the online audience and market
sectors, and survey-related questions were posed to respondents.

SECONDARY DATA:
Secondary data is the term for information that has already been published and was
gathered for a different reason than the current study project. Because of the sources' locations,
secondary data can once more be divided into internal and external categories. For any given
marketing research issue, internal data refers to information that comes from within the
organization or is accessible there as a byproduct of the MIS or the regular reporting system.
Internal secondary data are initial data obtained for a reason unrelated to the issue at hand.

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 7. FINDINGS

There is a crucial need to map the segment of the population which owns their own homes
and then cross reference them with the segment which has access and ownership of a
terrace for the installation of sufficient solar power panels. This is the easiest and
infrastructurally, this segment is the most accessible. There would be a need to convince
the homeowners in this mapping but after that, once the project is underway, it will be a
smooth sailing experience.
2.There is an economic gap that needs filling. At present, the majority of the sample earns
enough to be classified as middle, upper middle class or urban middle class at best. The
installation, financing and the accommodative requirements very clearly point out that such
an enterprise needs significant capital investment. Therefore, a lower middle-class income
family will avoid renewable energy equipment simply because of the financial constraints.
There is a clear need for govt. subsidy or long-term financing plans in this domain.
In order to install enough solar power panels, it is imperative to map the segment of the
population that owns their own homes and then compare that section to the segment that has
access to and ownership of a terrace. This section is the most accessible and easiest in terms of
infrastructure. In this scenario, it would be necessary to persuade the homeowners, but once the
project got going, everything went smoothly.

There is a financial deficit that needs to be filled. The bulk of the sample currently earns
enough to be, at most, considered middle, upper middle class, or urban middle class. It is abun-
dantly evident from the installation, financing, and accommodating requirements that such an
enterprise requires a substantial capital expenditure. Due to their limited resources, a lower
middle-class family will therefore avoid purchasing renewable energy equipment. Government
subsidies or long-term finance strategies are obviously needed in this area.

Because of the initial costs involved, such an endeavor can be mostly conducted in ur-
ban areas with high- and moderate-income populations. Government-subsidized installations
are required for villages and rural areas, and the transition from conventional to renewable en-
ergy sources will be gradual there.

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 The people in the survey are aware of and concerned about climate change. At the same
time, this populace knows little to nothing about solar power or other alternative energy
sources. Both of these facts allow us to draw the conclusion that there is a population that is
ready to be given the chance to contribute to lowering pollution, but that education and provid-
ing them with the essential market and product knowledge comes first.

It is obvious that there is a dearth of knowledge regarding available finance. The con-
clusion that the majority of the people wishes to pay this initiative themselves suggests a lack
of knowledge or accessibility regarding the financial infrastructure. This has to be fixed. To
stop this kind of customer behavior, the OEM provider must additionally, group financing
choices and, if possible, offer leases.

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 8. RECOMMENDATIONS AND SUGGESTIONS

There is a crucial need to map the segment of the population which owns their own homes
and then cross reference them with the segment which has access and ownership of a
terrace for the installation of sufficient solar power panels. This is the easiest and
infrastructurally, this segment is the most accessible. There would be a need to convince
the homeowners in this mapping but after that, once the project is underway, it will be a
smooth sailing experience.
2.There is an economic gap that needs filling. At present, the majority of the sample earns
enough to be classified as middle, upper middle class or urban middle class at best. The
installation, financing and the accommodative requirements very clearly point out that such
an enterprise needs significant capital investment. Therefore, a lower middle-class income
family will avoid renewable energy equipment simply because of the financial constraints.
There is a clear need for govt. subsidy or long-term financing plans in this domain.
RECOMMENDATIONS & SUGGESTIONS:
India has set a solar photovoltaic (PV) capacity addition target of 100 GW by 2022. According
to
Mercom9s India Solar Tracker, so far over 26 GW of solar PV capacity has been installed in
India. Still, there is a deficit of over 73 GW of solar capacity to be installed in the next four
years.
1. Renewable purchase obligation (RPO) enforcement must be undertaken with further
intensified effort.
2. Renewable energy certificate (REC) market and bankability should be strengthened.
3. Solar energy must be moved from 8class9 to 8mass9.
4. Every farm should be encouraged to set up and export solar energy to the grid through
net metering. Farmers should be enabled to supply electricity to the grid.
5. Every taluka should go in for appropriate size solar project 3 thus ensuring
decentralized solar power generation.
6. Large deployment of micro and mini grids must be undertaken.
7. Affordable low-cost solar finance should be made available.
8. High priority must be given to deployment of concentrated solar power (CSP) with
new technologies.
9. Adaptation of new solar storage technologies must be prioritized.
10. There should be parity in taxes and duties.
11. Land should be made available on priority basis.
12. Solar should be accorded priority similar that of space and nuclear energy.
13. Renewable energy budget must be hiked. The budget should double every year. Even
with this increase, it will be much smaller than fossil fuel subsidies.
14. E-mobility should be encouraged with utilization of solar energy.
▪ India aims to increase solar photovoltaic (PV) capacity by 100 GW by 2022. According

to Mercom's India Solar Tracker.

▪ Enforcement of renewable purchase obligations (RPOs) must be done with increased

vigor.

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▪ The bankability and market for renewable energy certificates (RECs) should be im-

proved.

▪ Net metering should be used to encourage the installation of solar energy systems on

every farm. It should be possible for farmers to provide electricity to the grid.

▪ To ensure decentralized solar power generation, every taluka should pursue an appro-

priate-sized solar project.

▪ Massive micro- and mini-grid deployments must be made.

▪ Accessible low-cost solar financing needs to be made possible.

▪ The use of innovative technology in concentrated solar power (CSP) deployment must

be given top emphasis.

▪ It's important to give innovative solar storage technology top priority.

▪ Taxes and duties ought to be equally distributed.

▪ Priority should be given to making land available.

▪ Solar energy deserves the same level of importance as nuclear and space exploration.

▪ Budget for renewable energy must be increased. Every year, the budget should double.

Even with this rise, it will still be significantly lower than subsidies for fossil fuels.

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 9. REFERNCE AND BIBLIOGRAPHY

There is a crucial need to map the segment of the population which owns their own homes
and then cross reference them with the segment which has access and ownership of a
terrace for the installation of sufficient solar power panels. This is the easiest and
infrastructurally, this segment is the most accessible. There would be a need to convince
the homeowners in this mapping but after that, once the project is underway, it will be a
smooth sailing experience.
2.There is an economic gap that needs filling. At present, the majority of the sample earns
enough to be classified as middle, upper middle class or urban middle class at best. The
installation, financing and the accommodative requirements very clearly point out that such
an enterprise needs significant capital investment. Therefore, a lower middle-class income
family will avoid renewable energy equipment simply because of the financial constraints.
There is a clear need for govt. subsidy or long-term financing plans in this domain.
RECOMMENDATIONS & SUGGESTIONS:
India has set a solar photovoltaic (PV) capacity addition target of 100 GW by 2022. According
to
Mercom9s India Solar Tracker, so far over 26 GW of solar PV capacity has been installed in
India. Still, there is a deficit of over 73 GW of solar capacity to be installed in the next four
years.
1. Renewable purchase obligation (RPO) enforcement must be undertaken with further
intensified effort.
2. Renewable energy certificate (REC) market and bankability should be strengthened.
3. Solar energy must be moved from 8class9 to 8mass9.
4. Every farm should be encouraged to set up and export solar energy to the grid through
net metering. Farmers should be enabled to supply electricity to the grid.
5. Every taluka should go in for appropriate size solar project 3 thus ensuring
decentralized solar power generation.
6. Large deployment of micro and mini grids must be undertaken.
7. Affordable low-cost solar finance should be made available.
8. High priority must be given to deployment of concentrated solar power (CSP) with
new technologies.
9. Adaptation of new solar storage technologies must be prioritized.
10. There should be parity in taxes and duties.
11. Land should be made available on priority basis.
12. Solar should be accorded priority similar that of space and nuclear energy.
13. Renewable energy budget must be hiked. The budget should double every year. Even
with this increase, it will be much smaller than fossil fuel subsidies.
14. E-mobility should be encouraged with utilization of solar energy.
1. https://www.nsenergybusiness.com/features/largest-solar-power-plants-india/
2. https://www.ibef.org/industry/renewable-energy.aspx
3. https://www.arcgis.com/apps/MapTour/index.html?
appid=5e82b1627f024b60b3c158a041161cb3

53 | P a g e
 4. https://medium.com/@TechOctopus/solar-lead-generation-tips-to-get-some-smart-solar-
leads-265d95440a4
5. https://rb.gy/mwqejd
6. https://www.ibef.org/industry/renewable-energy-presentation
7. https://www.indiatoday.in/india/story/pm-modi-vows-more-double-india-non-fossil-
fuel-target-450-gw-1602422-2019-09-24
8. https://mercomindia.com/top-solar-parks-india-infographics/
9. https://cea.nic.in/executive-summary-report/?lang=en
10. https://www.iea.org/energy-system/renewables/solar-pv
11. https://www.energy.gov/sites/default/files/2021-09/Solar%20Futures%20Study.pdf

12. https://ijcrt.org/papers/IJCRT2204666.pdf

Literature Review Reference

SrinivasanChinnammai (2014): “A study on energy crisis and social benefit of solar energy”,
International Journals of Environment Science and Development, Vol-5, No-4, August 2014
VineethAtreyashVasudeva Murthy (2014): “India's solar energy Future: Policy and Institutions.
USA: Centre for Strategic and International studies”
JayminGajjar (2015): “Solar PV energy generation map of Karnataka India”, smart grid
renewable energy, No-6, 333-342
Shubojit Dawn, PrashantTiwari, Arup Kumar Goswamy, Manash Mishra (2016): “Recent
development of solar energy in India: Perspectives, Strategies and Goals”, Renewable and
Sustainable Energy Review, 215-235
Sara Jo Viraldo, etal (2016): “Is solar power a cost-effective energy alternative to traditional
energy? A benefit-cost analysis on taylor country solar facility in Georgia”, Vol-6, Spring 2016.
A Gangopadhyay, etal (2016): “Wind and solar energy for reducing electricity deficits in
Kanranataka”, Current Science Col-111, No-5, 10 Sep-2016
EhsanulKabir, etal (2017): “Solar energy: potential and future prospects”, Article in renewable
and sustainable energy reviews, 894-900

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Chikaire, etal (2010): “Solar energy applications for agriculture”, Journal of Agricultural and
veterinary science, Vol-2, Sep-2010

Summer Internship Progress Report

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 Name of the Student:

Name of the Organization:

(placed for summer internship)

Area of Specialization:

Reporting Head/ Mentor in the Organization:

Name of the Internal Guide(Institute):

Title of the project:

Duration of the project:

Progress Report:
Sr. No Date Particulars/ Progress Guide’s Student’s
Signature Signature

Authorized Signatory Student’s Signature

ORIGINALITY REPORT

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