India

India | News | T&D

PFCCL issues RfP for synchronous condenser project at Fatehgarh-II
By February 19, 2026February 19, 2026

PFC Consulting Limited (PFCCL), acting as Bid Process Coordinator, has issued a Request for Proposal (RfP) to select a Transmission Service Provider (TSP) for installation of two synchronous condenser units at the 765/400/220kV Fatehgarh-II Pooling Station in Rajasthan. The project is intended to strengthen grid stability in a region with rapid renewable energy integration. The selected bidder will develop the interstate transmission system on a build, own, operate and transfer (BOOT) basis, with completion scheduled…

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India | Generation | News

Power Mech wins EPC orders for Adani thermal projects
By February 19, 2026February 19, 2026

Power Mech Projects Limited has informed stock exchanges that it has secured large-scale contracts exceeding Rs 1,000 crore. The orders were awarded by two subsidiaries of Adani Power Limited and relate to erection, testing, and commissioning activities for ultra-supercritical thermal power projects located in Uttar Pradesh and Madhya Pradesh. In a regulatory filing dated February 18, 2026, the company stated that the combined value of the contracts is above Rs 1,000 crore, excluding GST and…

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India | News | Renewable Energy

Pace Digitek subsidiary wins USD 1.35 million mobile BESS order
By February 19, 2026February 19, 2026

Pace Digitek Limited has informed stock exchanges that its material subsidiary, Lineage Power Private Limited, has secured a purchase order valued at USD 1,346,210 from an international client for mobile battery energy storage systems. In a regulatory filing dated February 18, 2026, the company stated that the order was issued by Yaqin Chem under purchase order number YCKSA/2026//02/14. The contract involves the supply of four mobile battery energy storage units installed on gooseneck trailers. The…

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India | News | T&D

GEAPP launches India grid accelerator with $25 million commitment
By February 19, 2026February 19, 2026

The Global Energy Alliance for People and Planet (GEAPP) has launched the India Grids of the Future Accelerator at Mumbai Climate Week 2026, committing up to $25 million to modernise power distribution infrastructure. The platform aims to help utilities integrate renewable energy and storage while preparing grids for rising electricity demand. GEAPP signed memoranda of understanding (MoUs) with distribution companies (DISCOMs) in Delhi and Rajasthan, naming them as the first “Champion Utilities.” The Alliance also…

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India | Finance | News

CleanMax sets Rs 1,000–1,053 IPO price band; issue opens February 23
By February 19, 2026February 19, 2026

CleanMax Enviro Energy has fixed a price band of Rs 1,000 to Rs 1,053 per share for its initial public offering (IPO). The issue will open for subscription on February 23, 2026, and close on February 25, marking a listing focused on the private-sector renewable energy market. The IPO comprises a fresh issue of shares worth up to Rs 1,200 crore and an offer-for-sale (OFS) of up to Rs 1,900 crore. Promoters Kuldeep Jain, BGTF…

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India | News | Renewable Energy

MIGA issues $197.67 million guarantee for SBI rooftop solar refinancing
By February 19, 2026February 19, 2026

The Multilateral Investment Guarantee Agency (MIGA), part of the World Bank Group (WBG), has issued a $197.67 million guarantee to support refinancing of a $500 million World Bank loan extended to State Bank of India (SBI) for grid-connected rooftop solar projects. The five-year guarantee aims to accelerate the deployment of solar systems for commercial and industrial consumers across India. The guarantee has been provided to Citibank in relation to its non-shareholder loan to SBI, enabling…

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India | News | Renewable Energy

Greenzo, Lord’s Mark sign MoU for 60 MW green hydrogen projects in UP
By February 19, 2026February 19, 2026

Indian clean-technology company Greenzo Energy has signed a strategic memorandum of understanding (MoU) with Lord’s Mark Industries to develop about 60 MW of green hydrogen projects in Uttar Pradesh. The facilities will be located across four cities and will integrate captive solar power and battery storage to support distributed hydrogen production. The projects are planned in Gorakhpur, Aligarh, Jhansi, and Lucknow. Each facility is designed to operate independently of the grid by combining electrolysers with…

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India | News

L&T, NVIDIA plan gigawatt-scale AI infrastructure venture in India
By February 19, 2026February 19, 2026

Larsen & Toubro (L&T) has proposed a venture with NVIDIA to build gigawatt-scale artificial intelligence infrastructure in India. The collaboration was announced at the India AI Summit on February 18, 2026, to position India as a global centre for sovereign AI development and large-scale deployment. The partnership supports the Government of India’s India AI Mission and focuses on establishing sovereign, scalable AI factory infrastructure. It combines L&T’s engineering, infrastructure, and project execution capabilities with NVIDIA’s…

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India | News | T&D

AdaniConneX incorporates Navi Mumbai Power Distribution subsidiary
By February 19, 2026February 19, 2026

AdaniConneX Private Limited (ACX), a 50:50 joint venture of Adani Group and EdgeConneX, has incorporated a wholly owned subsidiary, Navi Mumbai Power Distribution Limited (NMPDL). NMPDL has been incorporated in India and registered with the Registrar of Companies (RoC), Ahmedabad. The company has a subscribed capital of Rs 100,000, divided into 10,000 equity shares of Rs 10 each. Through ACX, the company indirectly holds a 50 per cent stake in NMPDL. NMPTL has been established…

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India | News | Renewable Energy

SECI signs MoU with Mumbai Port Authority for solar deployment
By February 18, 2026February 18, 2026

Solar Energy Corporation of India Limited (SECI) has signed a Memorandum of Understanding (MoU) with Mumbai Port Authority to facilitate the deployment of solar power across port facilities. The agreement aims to support the use of clean energy within maritime infrastructure. The MoU was signed and exchanged in Mumbai by Shri Manas Ranjan Mishra, Deputy General Manager (DGM), on behalf of SECI, and Shri K. Ramesh, Chief Mechanical Engineer (CME), on behalf of Mumbai Port…

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