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CIL backs 875 MW solar project with Rs 3,160 crore guarantee
Coal India Limited (CIL) has approved a corporate guarantee of up to Rs 3,160 crore for CIL Rajasthan Akshay Urja Limited (CRAUL), supporting debt financing for an 875 MW solar PV project in Rajasthan. The approval was granted at the company’s board meeting on March 23, 2026. CRAUL is a joint venture between CIL, which…
Inox Wind secures 51 MW turbine order from First Energy for Tamil Nadu project
Inox Wind Limited has received a 51 MW wind turbine order from First Energy Private Limited (FEPL) for a wind power project in Tamil Nadu. This is FEPL’s first order with Inox Wind. The order includes the supply of Inox Wind’s 3 MW class wind turbine generators. These turbines feature a 140-metre hub height and…
NTPC REL secures Rs 75 billion loan from IRFC
NTPC Renewable Energy Limited (NTPC REL), an NTPC Green Energy Limited subsidiary, has secured Rs 75 billion in funding from the Indian Railway Finance Corporation (IRFC). This rupee term loan will support NTPC REL’s renewable energy expansion, including solar, wind, and hybrid power projects. In January 2025, NTPC REL sought bids for up to Rs…
Hero MotoCorp, Aurobindo Pharma to invest in captive solar power projects
The Board of Directors of Hero MotoCorp Limited has approved an agreement with CleanMax Enviro Energy Solutions Private Limited to set up a solar power project. A special purpose vehicle (SPV) will be formed for the project, with Hero MotoCorp investing Rs 51.5 million for a 26 per cent equity stake. The power generated will…
Waaree Renewable posts robust Q2 growth with Rs 5,244.7 million revenue
Waaree Renewable Technologies Limited (WRTL), the solar EPC arm of Waaree Group, reported Q2 FY25 revenue of Rs 5,244.7 million, a 249.50% increase from Rs 1,500.6 million in Q2 FY24. Profit after tax (PAT) stood at Rs 535.2 million, while its unexecuted order book remains at 1.7 GWp with a 9-12 month timeline. For H1…
Fujiyama approves 1.2 GW TopCon solar cell plant in Madhya Pradesh
Fujiyama Power Systems Limited has approved the establishment of a 1.2 GW TopCon solar cell manufacturing facility at its Ratlam plant in Madhya Pradesh. The company’s board approved the decision as part of its expansion and backward integration strategy. The rooftop solar solutions provider currently operates a 1 GW Mono PERC solar cell manufacturing facility…
