Finance

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.

News | Finance | India

Vikram Solar posts 79.7% revenue growth in Q1 FY 2025-26
By September 11, 2025October 28, 2025

Vikram Solar Limited has reported revenue of Rs 11.33 billion for the first quarter of FY 2025-26, ending June 30, 2025. This reflects a 79.7 per cent increase from Rs 6.30 billion in the same period last year. Earnings before interest, taxes, depreciation, and amortisation stood at Rs 2.42 billion in Q1 FY 2025-26, compared to Rs 1.11 billion in Q1 FY 2024-25, representing a 117.3 per cent year-on-year increase. Vikram Solar has announced plans…

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News | Finance | India

ACME Solar secures SBI funding for 400 MW FDRE project
By September 11, 2025October 28, 2025

ACME Venus Urja Private Limited, a subsidiary of ACME Solar Holdings Limited, has arranged long-term financing of Rs 3,892 crore from State Bank of India for a 400 MW firm and dispatchable renewable energy project in Barmer, Rajasthan. The loan will be repaid over 19 years. The project marks ACME’s largest financing support from SBI and also represents the bank’s first funding for ACME’s FDRE portfolio. The plant is contracted to supply power to NHPC…

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GREW Solar raises Rs 3 billion from investors
By September 10, 2025October 28, 2025

GREW Solar has raised Rs 3 billion from a group of investors, including Vijay Kedia and Rohit Kothari of GeeCee Holdings. The company will direct the capital towards product development, technology upgrades, and business expansion. GREW Solar operates as the renewable energy subsidiary of the India-based Chiripal Group and manufactures solar photovoltaic (PV) modules. Established in 2022, the company has expanded its production capacity and is pursuing large-scale projects. By 2025, the company’s operational module…

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News | Finance | India

IEX electricity trade rises 18.9% in August 2025
By September 8, 2025October 29, 2025

Indian Energy Exchange (IEX) traded 11,803 million units (MU) of electricity in August 2025, up 18.9 per cent year-on-year. The month also saw 21.68 lakh Renewable Energy Certificates (RECs) traded. National energy use stood at 150.47 billion units, 4.4 per cent higher than last year. Prices declined with better supply liquidity. The Day-Ahead Market averaged Rs 4.00 per unit, down 7 per cent, while the Real-Time Market averaged Rs 3.38 per unit, down 6 per…

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India | Finance | News

Adani Group outlines $60 billion investment plan for India’s power sector
By September 8, 2025October 29, 2025

The Adani Group has announced plans to invest about $60 billion in India’s power sector by FY32, with major allocations across renewable energy, thermal power, and transmission and distribution. In an investor presentation, the group detailed that Adani Green Energy Limited (AGEL) will invest $21 billion by FY30. This will expand its renewable energy capacity from 14.2 gigawatts (GW) in FY25 to 50 GW. Adani Power is set to invest $22 billion by FY32, targeting…

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News | Finance | India

Offgrid Energy Labs secures $15 million in Series A funding
By September 3, 2025October 29, 2025

Offgrid Energy Labs, based in Noida, has raised $15 million in a Series A round led by Archean Chemicals Industries Ltd, with existing investor Ankur Capital also participating. The startup, which develops zinc bromine gel batteries, had earlier secured seed funding from Shell Ventures. The latest funds will support a 10 MWh demonstration plant in the United Kingdom, advance ongoing research and development, and drive commercialisation of its patented ZincGel batteries through certification, testing, and…

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GK Energy raises Rs 100 crore in pre-IPO funding
By September 3, 2025October 29, 2025

GK Energy Ltd, a solar-powered agricultural water pump systems provider, has raised Rs 100 crore in a pre-initial public offering (IPO) funding round. The investment came from Valuequest, 360 One (formerly IIFL Wealth), and Kotak AIF, among others. According to the company’s notice, 65.36 lakh equity shares were allotted at Rs 153 each through a private placement, representing 3.70 per cent of its pre-offer equity capital. Of this, Valuequest India G.I.F.T. Fund invested Rs 35…

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India | Finance | News

Nalco plans Rs 300 billion investment in new smelter and power plant
By September 3, 2025October 29, 2025

National Aluminium Company (Nalco) has outlined an investment of about Rs 300 billion over the next five years to establish a new aluminium smelter along with a coal-based power plant. The company has allocated around Rs 170–180 billion for the smelter project in Odisha, while approximately Rs 120 billion will be directed toward the power facility. Funding will come from a mix of debt and internal accruals. Nalco is targeting the commissioning of the smelter…

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India | Finance | News

SBI signs €100 million line of credit with AFD for green financing
By September 1, 2025October 29, 2025

State Bank of India (SBI) has signed a €100 million Line of Credit agreement with Agence Française de Développement (AFD) at its GIFT City branch on August 30, 2025. The financing will support green projects in the country. According to SBI, the funds will be directed toward climate mitigation activities aimed at reducing greenhouse gas emissions and adaptation measures to limit the impact of climate change. The bank said the partnership will contribute to India’s…

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