Nuvoco Vistas Corporation has agreed to acquire Gujarat-based Vadraj Energy for Rs 200 crore to strengthen captive power supply for its cement operations. The purchase is from JSW Cement Ltd and Alpha Alternatives Holdings. Nuvoco Vistas said it has signed a Securities Purchase Agreement to take full ownership of Algebra Endeavour Private Ltd, which holds…
The New and Renewable Energy Development Corporation of Andhra Pradesh has released the allocation results of its 1.2 GW rooftop solar auction under the PM Surya Ghar programme. Twenty two firms secured capacities across several segments. Sree Sai Electronics secured 12.07 MW. VSA Infra Projects secured 13.5 MW. Sunworks Energy secured 13.6 MW. Junna Solar…
Power Grid Corporation of India Limited has approved the issuance of its 83rd bond series to raise up to Rs 3,800 crore. The decision was taken by the company’s Committee of Directors for Bonds at a meeting held on November 17 2025. The fundraising will take place through unsecured, non convertible and redeemable bonds issued…
Maharashtra State Power Generation Company (Mahagenco) has signed a memorandum of understanding with Nuclear Power Corporation of India Limited (NPCIL) to jointly develop nuclear power projects in the state. Maharashtra is the first state to partner with the central government under its nuclear based power initiative. The agreement aims to support Maharashtra’s shift toward clean…
The Ministry of Power held a meeting of its Parliamentary Consultative Committee in Kurnool district, Andhra Pradesh, to review India’s plans for pumped storage projects. Union Power Minister Manohar Lal led the discussion and highlighted the role of PSPs in storing surplus renewable energy and maintaining grid stability during evening and night hours. The Minister…
Power Finance Corporation Limited has set up a new Special Purpose Vehicle through its wholly owned subsidiary PFC Consulting. The SPV, named Raigad Power Transmission Limited, will support the development of the project titled Establishment of 765/400/220 kV AIS Kandalgaon in Raigad district of Maharashtra. Maharashtra State Electricity Transmission Company appointed PFC Consulting as the…
NTPC Green Energy Limited has brought the first 75.5 MW of its 1,255 MW Khavda I Solar PV Project online. The segment entered commercial operation on November 19, 2025. The project is located in Gujarat and is being developed under the CPSU Scheme Phase II, Tranche III. NTPC Renewable Energy Limited, a wholly owned subsidiary…
INOXGFL Group companies have signed two separate agreements with the KP Group to jointly build 5 GW of renewable energy capacity across India. The plan covers wind, solar, and hybrid projects and brings together the strengths of both groups in manufacturing, project development, and long-term operations. Inox Wind Limited and KP Energy Limited will work…
Adani Energy Solutions Limited has received a Letter of Intent from PFC Consulting for the project titled “Transmission System for Evacuation of Power from potential renewable energy zone in Khavda area of Gujarat under Phase-V (8GW): Part C.” The award came through Tariff Based Competitive Bidding and supports the evacuation plan for the Khavda renewable…
Jakson Group has started construction on the first phase of its 6 GW integrated solar manufacturing facility in Madhya Pradesh. Chief Minister Dr Mohan Yadav laid the foundation stone for the project, which will cover ingot, wafer, cell, and module production. The first phase will include 3 GW of solar cell capacity and 4 GW…