Power Sector News Roundup for April 21, 2026

India power capacity reaches 532.74 GW; non-fossil share at 53.21%

India’s total installed power generation capacity stood at 532,740 MW as of March 31, 2026, according to the Central Electricity Authority. Non-fossil sources accounted for 283,468 MW (53.21%), while fossil fuel-based capacity stood at 249,272 MW (46.79%). Coal remained the largest source at 221,940 MW (41.66%), followed by solar at 150,261 MW (28.21%) and wind at 56,095 MW (10.53%). For FY26, total net addition stood at 8,660.25 MW, including 7,750.25 MW from RES.

EAC defers NALCO’s Rs 11,313 crore Angul power plant expansion

The Expert Appraisal Committee under the Ministry of Environment deferred National Aluminium Company Limited’s expansion proposal for its Angul Captive Power Plant. The plan involves adding four units of 270 MW each, increasing capacity from 1,200 MW to 2,280 MW. The committee raised concerns on greenbelt clearance, ash dyke proximity to the Nandira River, and mapping discrepancies involving Protected Forest areas. The project remains pending pending submission of a revised proposal addressing these issues.

Vedanta approves demerger; TSPL to list as Vedanta Power

Vedanta Limited approved the demerger of Talwandi Sabo Power Limited into Vedanta Power Limited. May 1, 2026 has been fixed as both the Effective Date and Record Date, with a 1:1 share issuance ratio. The new entity will house the Merchant Power Undertaking, separating it from Vedanta’s mining and resources portfolio. TSPL operates a 1,980 MW coal-based plant in Punjab supplying merchant power.

Juniper Green begins commissioning India’s first FDRE project

Juniper Green Energy Limited has entered the commissioning phase of India’s first Firm and Dispatchable Renewable Energy project under the Government of India framework. The project integrates 259 MWp solar, 280 MW wind, and a 200 MWh BESS across Rajasthan and Gujarat. It holds a 200 MW PPA with SJVN Limited, backed by Haryana Power Purchase Centre. The solar component achieved commercial operations in March 2026, while BESS commissioning was completed in April 2026.

SAEL commissions 600 MW solar project in Kurnool

SAEL Industries commissioned a 600 MW solar project in Kurnool, Andhra Pradesh, split into two 300 MW units. The project operates under a 25-year PPA with the Solar Energy Corporation of India. It uses over 1.2 million TOPCon panels and spans more than 2,400 acres. The project is expected to offset around 1.1 million tonnes of CO2 annually.

Adani Power sets up new nuclear-focused subsidiary CMAEL

Adani Power Limited incorporated Rawatbhata-Raj Atomic Energy Limited as a step-down wholly owned subsidiary under Adani Atomic Energy Limited. The entity has an authorised capital of Rs 5,00,000, fully subscribed in cash. This follows the incorporation of Coastal-Maha Atomic Energy Limited earlier in April 2026. The structure reflects a multi-entity approach to potential nuclear projects across regions.

Welspun New Energy signs SECI PPA for 200 MW solar with BESS

Welspun New Energy Ltd. signed a PPA with the Solar Energy Corporation of India for a 200 MW solar project with a 400 MWh BESS. The tariff discovered was Rs 2.86 per kWh. The project requires a minimum storage configuration of 500 kW and 2 MWh per MW of solar capacity. With this, WNEL’s total contracted portfolio reached 1.6 GWp.

MCX gets SEBI nod to set up coal trading subsidiary

Multi Commodity Exchange of India Limited received approval from the Securities and Exchange Board of India to set up a coal trading subsidiary. The entity will be established with an investment of up to Rs 100 crore. It will function as a regulated platform for coal price discovery and physical delivery. MCX plans to initially hold 100% equity, with scope for future strategic partners.

CleanMax signs hybrid renewable PPA with Shell India for 30 MW capacity

Clean Max Enviro Energy Solutions Limited signed an agreement to supply hybrid renewable energy to Shell India across Gujarat and Karnataka. The projects total about 30 MW and include wind-solar hybrid configurations under a group-captive model. The Gujarat project will supply Shell’s LNG terminal at Hazira, while the Karnataka project will power the Shell Technology Centre in Bengaluru. Combined annual generation is estimated at 66,832 MWh.

Indosolar reports 350% rise in FY26 profit on higher module output

Indosolar Limited reported PAT of Rs 246.60 crore in FY26, up 350.16% from Rs 54.78 crore in FY25. Revenue rose to Rs 679.85 crore, while EBITDA reached Rs 270.75 crore with a margin of 39.82%. Module production increased to 1,051 MW from 589 MW. The company also introduced G12 solar module manufacturing capabilities.

OIL Green Energy, NRL sign MoU for renewable power supply

OIL Green Energy Limited signed an MoU with Numaligarh Refinery Limited for renewable energy development and supply. The agreement focuses on meeting group captive requirements. It supports integration of renewable energy within OIL’s operations. The initiative aligns with OIL’s net-zero target of 2040.

Energy in Motion signs MoU to deploy 1,000 electric trucks

Energy in Motion Limited signed an MoU with Drivin to deploy around 1,000 heavy-duty electric trucks over two years. The model combines battery-swapping technology with leasing and financing support. The partnership aims to reduce entry barriers for fleet operators. It covers vehicle deployment, infrastructure, and lifecycle management.

J.K. Cement takes 9.77% stake in 40 MW solar SPV

J.K. Cement Limited acquired a 9.77% stake in Mehrauni Electro Power Private Limited for Rs 2.10 crore. The SPV is developing a 40 MW AC solar project in Prayagraj, Uttar Pradesh. Under the group captive structure, 7 MWp will be supplied to J.K. Cement’s plant. The transaction was undertaken on an arm’s length basis.

Indosolar appoints independent director and CFO

Indosolar Limited appointed Nilesh Bhogilal Gandhi as Independent Director and Abhishek Pareek as CFO, effective April 20, 2026. Gandhi has over three decades of experience across strategy and investments. Pareek brings over 18 years of experience in finance and banking. Both appointments are subject to applicable approvals.