Exide Industries Limited has announced a leadership change and a fresh capital infusion in its wholly owned subsidiary, Exide Energy Solutions Limited, through regulatory filings dated 23 December 2025. Mandar V Deo resigned as Managing Director and Chief Executive Officer of EESL on 22 December 2025. The EESL board accepted his resignation on the same…
Saatvik Green Energy Limited said its material subsidiary, Saatvik Solar Industries Private Limited, has received and accepted an order worth Rs 486 crore from a domestic independent power producer and engineering, procurement, and construction player for the supply of solar photovoltaic modules. The commercial order is scheduled to be executed by December 2026. Separately, Saatvik…
Bondada Engineering has secured an engineering, procurement, and construction (EPC) order worth Rs 945 crore from NLC India Renewables Limited, acting on behalf of NLC India Limited, for solar projects at the RVUNL Solar Park in Bikaner, Rajasthan. In a regulatory filing, Bondada Engineering said the order covers Balance of System works for 810 MW…
ArcelorMittal has announced that it will invest USD 900 million in three renewable energy projects in India with a combined capacity of 1 GW. The projects will increase the company’s global renewable energy capacity to 3.3 GW on completion. The projects will be located in Maharashtra, Rajasthan, and Gujarat, with power supplied to AMNS India,…
Inox Green Energy Services Limited is set to acquire Vibrant Energy, the India-focused renewable energy platform owned by Macquarie Asset Management. The transaction is expected to value Vibrant Energy at an equity valuation of about Rs 17.9 billion. Sources said definitive agreements have been signed, with a formal announcement expected shortly. Vibrant Energy operates as…
The Ministry of New and Renewable Energy (MNRE) has issued an Office Memorandum clarifying the applicability of the Approved List of Models and Manufacturers (ALMM) for projects under its Strategic Interventions for Green Hydrogen Transition (SIGHT) Programme. The memorandum, dated December 19, 2025, responds to industry representations seeking clarity on procurement requirements for renewable power…
The Central Electricity Authority (CEA) has issued letters to states outlining measures to resolve key barriers in monetizing intra state transmission assets under the Acquire, Operate, Maintain, and Transfer (AOMT) model. The move follows a workshop held on 06 December 2024 by the CEA with the National Investment and Infrastructure Fund, PFC Consulting Limited, and…
The Central Transmission Utility (CTU) has notified the indicative capital cost for various configurations of dedicated transmission systems. The document, titled Indicative Capital Cost of Dedicated Transmission Systems, provides standard reference costs for dedicated transmission lines and reactive power equipment to support planning and cost sharing among developers, lenders, and utilities. The CTU has clarified…
The Ministry of New and Renewable Energy (MNRE) has issued revised guidelines for series approval of photovoltaic (PV) modules. The directive, dated 19 December 2025, has been released by the ministry’s Standards and Quality Control Division (SQCD) to support compulsory registration with the Bureau of Indian Standards (BIS) under the Solar Systems, Devices and Components…
The Ministry of Power held the second meeting of the India Energy Stack (IES) Taskforce on 19 December 2025 in New Delhi to advance the development of a digital public infrastructure (DPI) for the power sector, according to a Press Trust of India (PTI) report. The IES Taskforce has been set up to develop a…