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Sterling Tools partners with Meishuo Electric for latching relays production
Sterling Tools has formed a partnership with Zhejiang Meishuo Electric Technology to manufacture latching relays in India, aiming for Rs 2 billion in revenue by FY2030. A new facility will be established in Bengaluru with an initial investment of Rs 200 million, spearheaded by its subsidiary, Sterling Tech-Mobility. The collaboration focuses on producing advanced latching…
UPERC adopts tariffs for 110 MW Kanpur solar park projects
The Uttar Pradesh Electricity Regulatory Commission (UPERC) has adopted the tariffs discovered through tariff-based competitive bidding for two solar photovoltaic (PV) projects with a combined capacity of 110 MW at the Kanpur Dehat and Kanpur Nagar solar parks. In its order dated July 3, 2026, the Commission approved the Power Purchase Agreements (PPAs) executed on…
O2 Power wins 200 MW in SECI’s auction for renewable energy supply
Altra Xergi Power, a subsidiary of O2 Power, secured 200 MW in SECI’s auction for 8,000 MWh (2,000 MW x 4 hours) of peak renewable energy supply from ISTS-connected projects under tariff-based competitive bidding (FDRE-VI). The winning tariff was Rs 8.50 per kWh. The auction saw participation from ACME Solar Holdings and Avaada Energy, with…
AZAD Engineering signs contract with Siemens Energy for turbine components
AZAD Engineering Limited has secured a six-year contract with Siemens Energy Global GmbH & Co. KG, valued at €90.1 million. The agreement covers the production of combustion commodities, cold blades, vanes, machined parts, and assemblies for advanced turbine systems. In addition, AZAD Engineering has received an order from Bharat Heavy Electricals Limited (BHEL) for high-complex…
Premier Energies subsidiaries secure Rs 10.87 billion solar contracts
Premier Energies Global Environment Private Limited, Premier Energies International Private Limited, and Premier Energies Photovoltaic Private Limited, subsidiaries of Premier Energies Limited, have secured contracts worth Rs 10.87 billion for the supply of solar modules and cells in India as of November 25, 2024. The contracts include Rs 9.64 billion for solar modules and Rs…
India | Generation | NewsAdani Power adds second nuclear subsidiary in a week
Adani Power Limited has expanded its presence in the nuclear energy sector with the incorporation of Rawatbhata-Raj Atomic Energy Limited (RRAEL), a step-down wholly owned subsidiary, according to a regulatory filing made today. RRAEL was incorporated on April 20, 2026, under Adani Atomic Energy Limited (AAEL), which is a wholly owned subsidiary of Adani Power…
