Updates on investments, project funding, tariffs, mergers and acquisitions, and financial performance across the power and renewable energy industry. This category tracks capital flows, lending trends, market valuations, and economic factors influencing energy infrastructure and sector growth.
Indian Energy Exchange (IEX) traded 37,534 MU (37.5 BU) of electricity during the first quarter (Q1) of FY 2026-27, registering a 15.9% year-on-year increase. The growth was driven by higher electricity demand during a hotter-than-normal summer, with India’s peak power demand touching a record 270.8 GW in May 2026. Q1 performance India’s energy consumption reached…
Inox Clean Energy Limited, the integrated renewable energy platform of the INOXGFL Group, has secured an investment of Rs 700 crore from the Adar Poonawalla Family Office through Rising Sun Holdings Pvt. Ltd. The investment values the company at Rs 70,000 crore and follows a series of strategic acquisitions completed over the past 10 months….
Coal India Limited (CIL) plans to invest approximately Rs 1,900 crore in research and development (R&D) by the end of FY2030 as it increases focus on technologies with higher levels of commercial readiness. The company is expanding its R&D programme to support future growth and technology development across coal mining, clean energy, and allied sectors….
In a historic development for India’s power sector, the boards of Power Finance Corporation Limited (PFC) and REC Limited have approved a Scheme of Merger under Sections 230 to 232 of the Companies Act, 2013, for the amalgamation of REC into PFC. According to the companies, the merger will create a government-owned financing entity with…
POWERGRID Corporation of India Limited’s Board of Directors has approved an increase in the company’s borrowing limit from Rs 1,80,000 crore to Rs 2,20,000 crore, subject to shareholders’ approval at the upcoming Annual General Meeting (AGM). The Board also approved raising up to USD 500 million (approximately Rs 4,100 crore) through External Commercial Borrowings (ECB)…
The West Bengal government has allocated Rs 5,345.16 crore to the Power Department in its 2026-27 budget, outlining a series of thermal power, renewable energy and transmission infrastructure projects to meet rising electricity demand. The budget also earmarks Rs 305.87 crore for Non-Conventional and Renewable Energy Sources and Rs 100 crore for rooftop solar installations….
Diamond Power Infrastructure Limited has approved a proposal to raise up to Rs 2,000 crore through a Qualified Institutions Placement (QIP), doubling its earlier fundraising limit of Rs 1,000 crore. The decision was taken by the company’s Board of Directors at its meeting held yesterday. The proposed fundraising will be carried out through the issuance…
Power Finance Corporation Limited (PFC) and REC Limited have received the approval of the Hon’ble President of India for the proposed merger of REC into PFC, according to regulatory filings made by both companies. The Ministry of Power, through a letter dated June 10, 2026, communicated the approval of the competent authority for the proposed…
ACME Solar Holdings Limited has completed a qualified institutions placement (QIP) of equity shares, raising around Rs 2,800 crore, according to a stock exchange filing dated June 4, 2026. The company’s Fund Raising Committee approved the allotment of 10,01,78,890 equity shares with a face value of Rs 2 each to eligible qualified institutional buyers at…
The Indian Energy Exchange (IEX) recorded a total electricity traded volume of 12,983 million units (MU) in May 2026, registering an 18.6% year-on-year (YoY) increase, according to a media release issued by the exchange on June 3, 2026. The growth came amid higher electricity demand, with national energy consumption and peak power demand reaching record…