Power Sector News Roundup for July 16, 2025

Author: PPD Team Date: March 26, 2026 REC approves Rs 1.6 lakh crore borrowing plan for FY27 The board of REC Limited has approved a market borrowing programme of up to Rs 1.6 lakh crore for FY27. The programme includes long-term bonds and non-convertible debentures (NCDs), external commercial borrowings (ECBs), green bonds, ESG bonds, short-term loans, and commercial papers. Long-term bonds and NCDs are capped at Rs 1,00,000 crore, while ECBs and related funding are…

Author: PPD Team Date: April 8, 2026 Maharashtra clears MSEDCL split, Mahavitaran IPO plan The Maharashtra cabinet has approved the restructuring of Maharashtra State Electricity Distribution Company Limited (MSEDCL), enabling its bifurcation and a planned stock market listing. The utility will be split into Mahavitaran for non-agricultural consumers and MSEB Solar Agro Power Limited (MSAPL) for agricultural supply, with Rs 2,500 crore earmarked for solar-based infrastructure. An IPO of Mahavitaran’s non-agricultural business is expected within…

Author: PPD Team Date: January 6, 2026 India Bondada Engineering wins Rs 627 crore BESS project in Andhra Pradesh Bondada Engineering Limited has received a Letter of Award from AP TRANSCO for a 225 MW or 450 MWh standalone battery energy storage system in Andhra Pradesh under a build-own-operate model. The project will be installed at the 400 or 220 kV Hindupur substation in Anantapur District. Execution has been set at 18 months from the…