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IEX records highest ever annual electricity trade at 141 BU in FY’26
Indian Energy Exchange (IEX) reported its highest ever annual traded electricity volume of 141 billion units (BU) for the fiscal year 2025–2026, marking a 17% increase over the previous year. The growth was supported by improved supply liquidity and lower power prices on the exchange. In a media release issued April 6, 2026, IEX stated…
Masdar, EMSTEEL complete MENA’s first green hydrogen steel pilot project
Masdar and UAE steelmaker EMSTEEL have announced the successful completion of a pilot project using green hydrogen to produce low-carbon steel at EMSTEEL’s Abu Dhabi facility. The project employs green hydrogen to reduce iron ore in the steelmaking process, a method that can lower carbon dioxide (CO₂) emissions by up to 95%. Now fully operational,…
CESC board approves Rs 300 crore NCD issuance
CESC Limited will raise Rs 300 crore through 30,000 non-convertible debentures (NCDs) via private placement. Each debenture has a face value of Rs 1 lakh, is senior, secured, rated, unlisted, and carries a three-year tenure. The NCDs will offer a floating coupon of 3-month Treasury Bill rate plus 2.30% per annum, paid quarterly. In case…
NTPC Green commissions 165 MW at Khavda-II solar project
NTPC Green Energy Limited has declared commercial operation of a 165 MW capacity at the Khavda-II Solar Photovoltaic (PV) Project in Gujarat, effective March 19, 2026. The update was disclosed in a regulatory filing dated March 18, 2026. Project updateThe commissioned capacity forms part of the 1,200 MW Khavda-II Solar PV Project being developed by…
Crompton Greaves secures Rs 520 million rooftop solar order in Telangana
Crompton Greaves Consumer Electricals Limited has received a rooftop solar order worth Rs 520 million in Telangana, marking its commercial entry into the large-scale rooftop solar segment. The company plans to leverage its distribution network and brand presence to expand in the rooftop solar and solar pump markets. Project sizes in this segment range between…
IREDA raises Rs 12.47 billion through perpetual bonds
The Indian Renewable Energy Development Agency (IREDA) has launched its first-ever perpetual bonds, raising Rs 12.47 billion at an annual coupon rate of 8.40 per cent. This move aims to optimize its capital structure and take advantage of favourable market conditions. The bond issuance is a key step in enhancing IREDA’s Tier-I capital, ensuring a…
