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Power Grid raises FY26 capex to Rs 35,000 crore, exceeds target
Power Grid Corporation of India (PGCIL) has increased its capital expenditure (capex) guidance for FY26 to Rs 35,000 crore and has already surpassed the target, reporting actual capex of Rs 35,540 crore as of March 22, 2026, or about 102% of the revised estimate. The company had initially set a capex target of Rs 28,000…
Rayzon Solar to file Rs 15 billion IPO papers with SEBI
Rayzon Solar Limited plans to file draft papers with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) worth about Rs 15 billion. The offer will consist of a fresh issue of equity shares. The company has appointed leading investment banks to manage the issue. Proceeds from the IPO will…
Advait Energy wins Rs 20 crore ERS order from MSETCL
Advait Energy Transitions Limited, formerly Advait Infratech Limited, has secured a domestic order for an Emergency Restoration System (ERS) from a state transmission utility. The order was awarded on February 3, 2026, by Maharashtra State Electricity Transmission Company Limited (MSETCL). The contract value stands at Rs 19,99,64,841.32, including taxes. It covers the procurement of an…
Poland approves funding for first nuclear power plant
Poland has approved up to 60.2bn zlotys ($14.7bn) in funding for its first nuclear power plant, pending European Union approval, reported Bloomberg. On 7 January 2025, the cabinet led by Donald Tusk adopted a draft bill enabling the state-owned utility PEJ to construct 3.75GW reactors along the Baltic coast. The plant is expected to be…
Sterling and Wilson emerges L1 bidder for solar project in Gujarat
Sterling and Wilson Renewable Energy Limited (SWREL) has been declared the lowest (L1) bidder for a turn-key engineering, procurement, and construction (EPC) contract of 245 MW (AC) solar capacity in Gujarat. The company said its gross order inflows, including L1 positions, have crossed Rs 2,000 crore in 2025. SWREL added that domestic demand remains strong…
Sprng Power gets approval for transmission line for 250 MW solar project
The Ministry of Power (MoP) has authorised Sprng Power Earth Private Limited to develop a transmission line for its proposed 250 MW solar project in Banaskantha district, Gujarat. The order, dated March 25, 2026, grants the company powers under Section 164 of the Electricity Act, 2003, enabling it to exercise authority similar to a telegraph…
