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SIDBI and AFD sign $100 million credit facility to boost green finance for MSMEs
The Small Industries Development Bank of India (SIDBI) and Agence Française de Développement (AFD) have signed a $100 million credit facility agreement aimed at enhancing green finance solutions for micro, small, and medium enterprises (MSMEs) in India. Under the agreement, AFD will provide SIDBI with a $100 million credit line, which will be used to…
Rajesh Power Services secures Rs 34 crore utility orders
Rajesh Power Services Limited has received two domestic orders worth a combined Rs 34.37 crore, including taxes, from state power utilities in Gujarat and Rajasthan, according to a regulatory filing. The contracts cover distribution infrastructure maintenance and transmission system modification works and are scheduled to be completed over the next nine to 12 months. PGVCL…
Maharashtra expands green data center park policy statewide
The Maharashtra government has amended its Integrated Green Data Center Parks policy, expanding the number of permitted parks from three to twenty and extending the scheme across the entire state. The changes were notified through a Government Resolution (GR) dated June 9, 2026. The amendments modify the earlier policy resolution issued on October 9, 2024….
India | Generation | NewsL&T to sell Nabha Power to Torrent Power
Torrent Power Limited has signed a definitive agreement to acquire 100% equity stake and convertible instruments in Nabha Power Limited (NPL) from L&T Power Development Limited (L&T PDL), a wholly owned subsidiary of Larsen & Toubro (L&T), for an enterprise value of Rs 6,889 crore. The Securities Purchase Agreement (SPA) was executed on February 16,…
Refex and Winvision to form JV to manufacture wind turbines in India
Chennai-based Refex Industries has formed a joint venture with Winvision Enterprises to establish Refex Green Energy Limited (RGEL), focused on wind energy solutions. Refex will hold a 75.5% stake in RGEL, while Winvision will own the remaining 24.5%. The JV aims to position RGEL as a comprehensive provider in the wind energy sector, covering manufacturing…
Waaree enters transformer business with Rs 2.93 billion acquisition
Waaree Energies Limited has acquired 100 per cent equity in Kamath Transformers Private Limited and Green New Delhi Forever Energy Private Limited, expanding its footprint in both manufacturing and power project development. The acquisition of Kamath Transformers, valued at approximately Rs 2.93 billion, marks Waaree’s entry into the transformer manufacturing segment. Kamath Transformers was established…
