India

India | News | Policy & Programmes

MNRE issues advisory on strict compliance in renewable energy procurement
By October 3, 2025October 28, 2025

The Ministry of New and Renewable Energy (MNRE) has directed all government agencies in the renewable energy sector to strictly follow procurement rules and regulations issued by the Ministry of Finance and the Central Vigilance Commission (CVC). MNRE noted that in August 2025, some government agencies issued bids with very short submission windows, in some cases as low as seven days, for procurement of goods and services. The ministry observed that such practices appear intended…

Read More MNRE issues advisory on strict compliance in renewable energy procurement
India | Finance | News

Sterlite Electric files DRHP with SEBI for IPO
By October 3, 2025October 28, 2025

Sterlite Electric Limited, formerly known as Sterlite Power Transmission Limited, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). The IPO will consist of a fresh issue of up to 7.793 million equity shares and an offer for sale of up to 7.796 million equity shares, aggregating around 15.589 million equity shares. Promoters Anil Agarwal and Twin Star Overseas Limited, part…

Read More Sterlite Electric files DRHP with SEBI for IPO
India | Finance | News

IREDA reports 86 per cent growth in loan sanctions in H1 FY 2025-26
By October 3, 2025October 28, 2025

Indian Renewable Energy Development Agency Limited (IREDA) has reported strong growth in its key business indicators for the half year ended September 30, 2025, based on provisional data. Loan sanctions rose by 86 per cent to Rs 331.48 billion in H1 FY 2025-26, up from Rs 178.60 billion in the same period last year. Loan disbursements increased by 54 per cent to Rs 150.43 billion, compared to Rs 97.87 billion in H1 FY 2024-25. As…

Read More IREDA reports 86 per cent growth in loan sanctions in H1 FY 2025-26
India | News | Renewable Energy

Serentica partners with Envision Energy for 560 MW wind project
By October 3, 2025October 28, 2025

Serentica Renewables has partnered with Envision Energy India for the supply of wind turbine generators (WTGs) for its upcoming 560 MW wind project. The project will use Envision’s 5 MW smart WTGs, with deliveries scheduled to begin in February 2026. Installations will be located across multiple states, including Karnataka and Maharashtra. According to Serentica Renewables, the project forms part of its strategy to provide round-the-clock renewable power to industrial consumers and support sector-wide decarbonisation. Akshay…

Read More Serentica partners with Envision Energy for 560 MW wind project
India | News | Renewable Energy

Kosol Energie commissions 38 MWp solar project for GSECL in Gujarat
By October 3, 2025October 28, 2025

Kosol Energie Private Limited has commissioned a 38 MWp solar power project for Gujarat State Electricity Corporation Limited (GSECL) at Chadavada in Gujarat. The project is equipped with 550 WP bifacial solar modules and advanced tracker-based module mounting structures to optimise generation. Kalpesh Kalthia, Chairman and Managing Director of Kosol Energie, said the commissioning of the 38 MW (DC) Chhadavada plant reflects the company’s focus on performance, reliability, and innovation in solar engineering.

Read More Kosol Energie commissions 38 MWp solar project for GSECL in Gujarat
India | News | Policy & Programmes

MHI issues guidelines for EV charging station rollout under PM E-DRIVE
By October 3, 2025October 28, 2025

The Ministry of Heavy Industries (MHI) has released operational guidelines for the deployment of electric vehicle public charging stations (EV PCS) under the PM E-DRIVE Scheme. The scheme provides financial support of Rs 20 billion to establish public charging infrastructure across the country. Government premises such as offices, hospitals, educational institutions, and central public sector enterprises will receive a 100 per cent subsidy on upstream infrastructure and charging equipment if the facilities provide free public…

Read More MHI issues guidelines for EV charging station rollout under PM E-DRIVE
News | Finance | India

Rays Power Infra files DRHP with SEBI to raise Rs 11.5 billion
By October 3, 2025October 28, 2025

Rays Power Infra has submitted its draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) to raise up to Rs 11.5 billion through an initial public offering (IPO). The IPO will comprise a fresh equity issue of Rs 9 billion and an offer-for-sale of up to Rs 2.5 billion by promoters and a shareholder. According to the DRHP, Rs 5 billion from the proceeds will be directed to Rays Green…

Read More Rays Power Infra files DRHP with SEBI to raise Rs 11.5 billion
India | News | Policy & Programmes

Power Ministry issues revised renewable consumption obligation rules
By October 3, 2025October 28, 2025

The Ministry of Power (MoP) has notified a revised renewable consumption obligation (RCO) framework under the Electricity (Amendment) Rules, 2025. The new rules unify state-level renewable purchase obligations (RPOs) under a single national compliance mechanism framed through the Energy Conservation Act, 2001. The framework applies to distribution licensees, open access consumers, and captive users. It replaces the earlier structure issued in October 2023, while retaining the national RCO trajectory through FY2030. For compliance purposes, distributed…

Read More Power Ministry issues revised renewable consumption obligation rules
News | Generation | India

Reliance Power to sell five Indonesian coal subsidiaries for USD 12 million
By October 1, 2025October 28, 2025

Reliance Power Limited has entered into an agreement to sell its entire stake in five Indonesian coal subsidiaries to Biotruster (Singapore) Pte. Limited for USD 12 million. The transaction is expected to close by 30 December 2025, subject to customary conditions. It covers 100 per cent equity in PT Avaneesh Coal Resources, PT Heramba Coal Resources, PT Sumukha Coal Services, PT Brayan Bintang Tiga Energi, and PT Sriwijaya Bintang Tiga Energi, held through Reliance Power…

Read More Reliance Power to sell five Indonesian coal subsidiaries for USD 12 million
India | News | Renewable Energy

Oyster Renewable secures Rs 1,844 crore loan for hybrid project in Madhya Pradesh
By October 1, 2025October 28, 2025

Oyster Renewable Energy has obtained a Rs 1,844 crore loan to develop a 342 MW hybrid renewable energy project in Madhya Pradesh, combining solar and wind capacities. The loan will fund the procurement of equipment, including solar panels, wind turbines, and inverters, to ensure efficient and reliable power generation and long-term project performance. Construction will involve land preparation, installation of renewable energy systems, and development of infrastructure for power evacuation. The project is expected to…

Read More Oyster Renewable secures Rs 1,844 crore loan for hybrid project in Madhya Pradesh