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Madhya Pradesh secures MoUs for RE projects at Global Investors Summit
Madhya Pradesh has secured further investments in renewable energy (RE) through new Memorandums of Understanding (MoUs) signed at the Global Investors Summit 2025. At the summit, five companies formalized their investment plans: KP Group committed to a 1,800 MW RE project, including solar, wind, wind-solar hybrid, biomass, and battery energy storage system (BESS) projects. Four…
Assam pauses green hydrogen policy, raising investor concerns
Assam has paused its flagship green hydrogen policy, causing concern among investors already affected by reduced clean energy incentives. The state had aimed to attract clean energy investments through subsidies and waivers. Energy firms such as NTPC Green, Larsen & Toubro, Sembcorp, and Abu Dhabi-based Ocior had shown initial interest in green hydrogen projects in…
Vikram Solar posts record FY26 revenue, approves Rs 3,726 crore capex
Vikram Solar Limited reported its strongest-ever financial performance in FY26, driven by higher module production, a growing order book, and improved profitability. The company posted consolidated revenue of Rs 4,802 crore for the fiscal year, marking a 40% year-on-year increase, while Profit After Tax (PAT) surged 236% to Rs 470 crore. According to the company’s…
Ravindra Energy invests Rs 150 crore in Energy In Motion
Ravindra Energy Limited has invested approximately Rs 150 crore in its associate company, Energy In Motion Limited (EIM), by subscribing to 45,67,463 equity shares through a rights issue. The investment will be used to repay inter-corporate deposits borrowed by EIM from Golden Green Innovations Private Limited, one of its promoters. Rights issue investment The shares…
Tata Power to invest Rs 5.5 billion in renewable energy for Noida Airport
Tata Power has committed Rs 5.5 billion towards establishing solar and wind power capacities to supply clean energy to Noida International Airport (NIA) in Uttar Pradesh. The company has signed two power purchase agreements with NIA, supporting the airport’s sustainable energy infrastructure. Through its subsidiary, Tata Power Trading Company (TPTCL), Tata Power will provide 10.8…
Montenegro prioritizes EUR 1.38 billion energy projects for EU accession
The Government of Montenegro has approved a list of 15 priority energy infrastructure projects worth EUR 1.38 billion. This fulfils chapter 21 – Trans-European Network – of the EU accession negotiations. The European Commission will use this list to select projects for funding under the Western Balkans Investment Framework (WBIF). Updated per WBIF methodology, the…
