Power Sector News Roundup for April 22, 2026

ISTS waiver extended for RE projects delayed by transmission gaps

The Ministry of Power issued an Office Memorandum on April 16, 2026, clarifying eligibility for graded waiver of Inter-State Transmission System (ISTS) charges for renewable energy projects delayed due to transmission infrastructure gaps. Projects with a firm start date of connectivity between July 1, 2025 and June 30, 2028 will remain eligible, subject to defined conditions. These include a firm power purchase agreement (PPA) as of March 31, 2026 and commissioning within specified timelines linked to transmission readiness. Projects with connectivity on or before June 30, 2025 may qualify for a 100% waiver under similar conditions. The Central Electricity Regulatory Commission (CERC) has been directed to frame regulations for implementation.

Power Ministry to scrap PTCC clearance for transmission lines

The Ministry of Power will abolish the requirement for Power and Telecommunication Coordination Committee (PTCC) clearance for new transmission projects from July 1, 2026. The decision follows a review involving the Central Electricity Authority, POWERGRID, Bharat Sanchar Nigam Limited, and the Ministry of Railways. Stakeholders noted that PTCC requirements have become largely redundant due to modern transmission design and fibre-based telecom systems. Residual risks linked to legacy copper networks will be addressed through technical guidelines to be issued by CEA. The move is expected to reduce project timelines and simplify approval processes.

L&T Energy signs green ammonia supply deal with Japan’s ITOCHU

L&T Energy GreenTech Ltd has entered into a long-term agreement with ITOCHU Corporation for the supply of 300,000 tonnes per annum of green ammonia. The supply will originate from a proposed facility in Kandla, Gujarat, under a captive take-or-pay arrangement. The agreement builds on a Joint Development Agreement signed in July 2025 and establishes a firm offtake commitment. ITOCHU plans to use the ammonia for green bunkering, targeting maritime decarbonisation and emerging hubs such as Singapore. The project aligns with India’s National Green Hydrogen Mission and export ambitions.

ACME Solar crosses 2 GWh BESS capacity in Rajasthan

ACME Solar Holdings Limited has operationalised over 2 GWh of Battery Energy Storage System capacity in Rajasthan, reaching 591.18 MW / 2,031.24 MWh across subsidiaries. The systems support grid balancing by shifting energy between off-peak and peak periods. The company targets 10 GWh of operational BESS capacity by 2027. Its total renewable portfolio stands at 8,071 MW, including 2,990 MW operational and 5,081 MW under construction. The pipeline includes around 15 GWh of additional storage capacity.

Transformers & Rectifiers posts strong FY26 growth

Transformers & Rectifiers (India) Ltd reported revenue of Rs 75,233 lakhs in Q4 FY26, up 16.2% year-on-year, with EBITDA of Rs 11,690 lakhs and PAT of Rs 7,731 lakhs. Consolidated revenue stood at Rs 78,267 lakhs, while PAT declined 3.3% year-on-year to Rs 9,110 lakhs. For FY26, standalone revenue reached Rs 2,39,549 lakhs, up 22.8%, with PAT rising 20.1% to Rs 22,547 lakhs. Consolidated revenue was Rs 2,50,880 lakhs, with PAT up 25.6% to Rs 27,209 lakhs. The company reported an order book of about Rs 5,005 crore and inflows of around Rs 2,374 crore during the year.

Transrail Lighting expands tower capacity to 1,72,400 MTPA

Transrail Lighting Limited has commenced commercial production at its greenfield tower manufacturing plant in Butibori. It also reported partial completion of brownfield expansions at Deoli, Baroda, and Silvassa. Total installed tower manufacturing capacity has increased from 84,000 MTPA to 1,72,400 MTPA. The expansion supports rising demand in domestic and international transmission markets. The move aligns with the company’s strategy to scale manufacturing capacity.

Advait Energy wins Rs 27.74 crore PTCUL transmission order

Advait Energy Transitions Limited secured a domestic order worth about Rs 27.74 crore from Power Transmission Corporation of Uttarakhand Limited on April 20, 2026. The project involves replacing ACSR Panther conductor with HTLS conductor on a 132 kV transmission line. The contract value is Rs 27,73,95,115.54, inclusive of taxes, with completion scheduled within 10 months. The company confirmed no related party involvement. The order adds to its transmission infrastructure portfolio.

NavPrakriti to invest Rs 1 billion in critical minerals plant in Odisha

NavPrakriti Green Energies Private Limited will invest over Rs 1 billion in a greenfield critical minerals refining facility in Odisha, expected to be operational by FY 2028-29. The plant will process up to 5,000 TPA of end-of-life batteries to recover lithium, cobalt, nickel, and rare earth materials. The company has been deemed eligible under the National Critical Mineral Mission. Its current recycling capacity is 12,000 TPA, with plans to expand to 24,000 TPA by 2027. The initiative aims to strengthen domestic supply chains and reduce import dependence.

Shakti Pumps invests Rs 10 crore more in EV arm

Shakti Pumps (India) Limited has invested an additional Rs 10 crore in its subsidiary, Shakti EV Mobility Private Limited, by subscribing to 1,00,00,000 equity shares. Total investment in the subsidiary now stands at Rs 65 crore. Shakti EV Mobility manufactures EV motors and chargers and reported a turnover of Rs 3.73 crore in FY25. Its total assets stood at Rs 10,121.83 lakhs as of March 31, 2025. The investment supports expansion in EV component manufacturing.