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Sterlite Power raises Rs 7.25 billion to expand global operations
Sterlite Power Limited has raised Rs 7.25 billion in its first primary fundraising since becoming independent. The funds were raised through its global products and solutions business. This marks the first fundraising round since the company’s demerger. The round saw participation from GEF Capital Partners and ENAM Holdings. The capital will be used for ongoing…
US duty triggers sell-off in Indian solar stocks
Indian solar stocks declined sharply on February 25, 2026 after the US Commerce Department imposed a preliminary countervailing duty (CVD) of 125.87% on solar cell and module imports from India. Following the announcement, manufacturers including Emmvee Photovoltaic Power Limited, Waaree Energies Limited, and Premier Energies Limited issued statements indicating limited immediate impact on their business…
India | Finance | News | Policy & ProgrammesRajasthan proposes Rs 2,900 crore for 4,830 MW solar parks in FY27
The Rajasthan government has proposed an outlay of about Rs 2,900 crore in Budget 2026-27 to develop solar parks aggregating 4,830 MW in Bikaner and Jaisalmer and to strengthen the state’s power infrastructure. The renewable projects will be developed through a joint venture model. The planned solar parks include the Mehrasar–Dinarsar–Barala and Sawaisar–Karnisar–Bhatiyan–Bikoloi parks in…
TOYO to build 2GW solar cell manufacturing facility in Ethiopia
Japanese firm TOYO has announced plans to build a 2GW solar cell manufacturing facility in Hawassa, Ethiopia, with an estimated investment of $60 million. The facility will be developed on a 31,500m² site, with construction set to begin in November 2024 and production expected by the end of Q1 2025. The project will create up…
NTPC Q4 profit rises 51%; expands BESS and renewable pipeline
NTPC Limited reported higher standalone profit for the fourth quarter and full financial year ended March 31, 2026, while outlining an aggressive expansion strategy across battery energy storage systems (BESS), pumped storage projects (PSPs), and renewable energy capacity. For Q4 FY26, standalone net profit rose 51.4% year-on-year (YoY) to Rs 8,747.27 crore from Rs 5,778.14…
Solarworld Energy secures Rs 725 crore EPC order from NTPC
Solarworld Energy Solutions Limited announced that it has received a Letter of Award for the Engineering, Procurement, and Construction package of a 250 MWac grid-connected solar power project. The order, issued by NTPC Renewable Energy Limited, is valued at about Rs 725.33 crore, including taxes. The project is expected to be completed in the financial…
