Avaada Energy Private Limited plans to raise Rs 84 billion (USD 1 billion) in debt by March 2025 to fund its wind, solar, and other renewable projects.
Equity for these projects has already been secured.
The company also intends to develop pumped storage projects (PSPs) in Rajasthan and Odisha.
Skipper Ltd announced its highest-ever closing order book of Rs 65.9 billion, with 85% from domestic orders and 15% from exports. The company recorded an order inflow of Rs 16.6 billion in Q2 FY25 (July to September 2024), with key domestic contracts from Power Grid Corporation of India Ltd (PGCIL) and state electricity boards. Export…
The Central Pollution Control Board (CPCB) has released draft guidelines for handling and storing waste solar photovoltaic (PV) modules, panels, or cells. These fall under the E-Waste (Management) Rules, 2022, which took effect on April 1, 2023. Solar waste is covered under Chapter V of the rules. Although excluded from extended producer responsibility (EPR) recycling…
Serentica Renewables plans to invest Rs 500 billion to develop 10,000 MW of renewable energy capacity in Rajasthan, as part of its efforts to position the state as a renewable energy hub. This investment aligns with the company’s participation in Rising Rajasthan 2024. Currently, Serentica has 3,000 MWp of renewable energy under construction in the…
Onix Solar Energy Limited has approved a proposal to raise up to Rs 130 crore through a rights issue of equity shares. The decision was taken at a Board meeting held on April 17, 2026, via video conferencing. The issue will involve equity shares with a face value of Rs 10 each, to be offered…
In a tight 51–50 vote, the US Senate has passed the One Big Beautiful Bill, with Vice President JD Vance casting the tie-breaking vote. The bill brings major shifts to the country’s renewable energy policy. The most significant change is an accelerated phase-out of tax credits for wind and solar projects. To qualify for production…
Bajel Projects Limited has reported its audited standalone financial results for the quarter and financial year ended March 31, 2026, recording its strongest annual performance since listing. The company reported standalone revenue from operations of Rs 2,792 crore in FY26, compared to Rs 2,598 crore in FY25. Profit After Tax (PAT) increased 74% year-on-year to…