Power Finance Corporation Limited (PFC) subsidiary PFC Consulting Limited (PFCCL) has incorporated Kushtagi Transmission Limited as a Special Purpose Vehicle (SPV) for the development of a 765 kV transmission system in Koppal district, Karnataka. The SPV has been established as a wholly owned subsidiary of PFCCL for the project identified as “Transmission system for 765kV…
Waaree Renewable Technologies Limited (WRTL), a subsidiary of Waaree Energies Limited, has signed an Early Contractor Involvement (ECI) Agreement for the development of a utility-scale solar photovoltaic (PV) project integrated with a Battery Energy Storage System (BESS) in New Zealand, marking its entry into the Australia and New Zealand (ANZ) renewable energy market. The agreement,…
Tata Power Company Limited reported a consolidated profit after tax (PAT) of Rs 1,401 crore for the quarter ended June 30, 2026, up 11% year-on-year from Rs 1,262 crore in Q1FY26, supported by growth across its generation, transmission and distribution, and renewable energy businesses. Revenue increased 8% year-on-year to Rs 18,898 crore, while earnings before…
Bondada Engineering Limited has acquired a 60% controlling stake in Onix IPP Private Limited (OIPL), a special purpose vehicle (SPV) developing a 225 MW (AC) solar power portfolio in Maharashtra under the Mukhyamantri Saur Krushi Vahini Yojana 2.0. The acquisition marks Bondada Engineering’s move into renewable energy asset ownership, with the 225 MW portfolio backed…
Rajesh Power Services Limited has secured a turnkey order worth approximately Rs 75.05 crore from Rajasthan Rajya Vidyut Prasaran Nigam Limited (RVPNL) for the construction of a 132/33 kV Gas Insulated Substation (GIS) at Pal, Jodhpur, along with associated transmission line works. The 132/33 kV GIS will have two 50 MVA transformers, providing a total…
Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) has invited bids from consultants to prepare a Pre-Feasibility Report (PFR) for a proposed Pumped Storage Project (PSP) in Rajasthan, covering preliminary technical, environmental and economic assessment of the project. The tender documents were made available from July 24, 2026, with bids due by August 3, 2026. The…
The National Committee on Transmission (NCT) has recommended de-notification of a 3 GW transmission scheme planned to supply electricity to green hydrogen and green ammonia manufacturing projects in the Kandla area of Gujarat, after the withdrawal of all earlier connectivity applications left the project without committed demand. The decision was taken at the NCT’s 42nd…
Mahagenco Renewable Energy Limited (MahaGenco REL) has invited bids for consultancy services to prepare Detailed Project Reports (DPRs) for two proposed pumped storage projects (PSPs) with a combined capacity of 2,200 MW in Maharashtra. The tender, issued on July 24, 2026, covers the 1,200 MW Varandh Ghat PSP across Pune and Raigad districts and the…
The National Committee on Transmission (NCT) has approved four major transmission schemes covering Tamil Nadu, Andhra Pradesh, Maharashtra and Madhya Pradesh, aimed at integrating additional renewable energy capacity and strengthening networks facing rising power flows and system constraints. The approvals cover transmission infrastructure for the Karur and Kadapa-II renewable energy zones, evacuation and downstream network…
Orient Cement Limited has approved the acquisition of a 9.04% equity stake in Vena Energy KN Wind Power Private Limited, which operates a 46 MW wind power project in Karnataka. The investment will allow the cement manufacturer to source electricity from the project under the captive consumption framework. The acquisition was approved by Orient Cement’s…