IndiGrid Infrastructure Trust and JSW Energy Limited have reported solid financial results for the year ending March 31, 2025. IndiGrid posted a net profit of Rs 4.11 billion, marking a 38.85 per cent increase from Rs 2.96 billion in the previous year. Its total income rose by 15.1 per cent to Rs 34.38 billion. In…
Singapore-based VFlowTech has secured $20.5 million to scale its long-duration energy storage business in India. The funding round was led by Granite Asia, with participation from Antares Ventures, EDBI, MOL PLUS, PSA Ventures, and several existing investors including İnci Holding, UntroD Capital, Pappas Capital, Wavemaker Partners, SEEDS Capital, and Entrepreneurs First. The company plans to…
L&T Energy GreenTech Limited (LTEGL) has won Indian Oil Corporation Limited’s (IOCL) tender to develop a 10 kilo tonnes per annum (KTPA) green hydrogen facility at the Panipat refinery petrochemical complex in Haryana. The plant will be built on a build-own-operate basis. LTEGL secured the entire capacity at a discovered tariff of Rs 397 per…
The Ministry of New and Renewable Energy (MNRE) has released detailed clarifications on the inclusion of solar cells in the Approved List of Models and Manufacturers (ALMM). The guidelines define how product families and minor changes will be handled during the enlistment process. Solar cells with and without potential induced degradation (PID) resistance will be…
Kalpataru Projects International Limited (KPIL) has reported its highest-ever revenue and profit figures for the quarter and year ended March 31, 2025. In Q4 FY25, consolidated revenue rose 18 per cent year-on-year (YoY), while profit before tax (PBT) jumped 40 per cent YoY. For the full year, KPIL’s consolidated revenue stood at Rs 223.16 billion,…
Power Grid Corporation of India Limited (PGCIL) has awarded two major contracts valued at over Rs 14 billion to Toshiba Transmission & Distribution Systems (India) Private Limited and Advait Energy Transitions Limited. Toshiba has secured a contract worth Rs 5.67 billion under the 400kV Transformer Package-4TR-07-BULK. The order includes procurement of 20 units of 500…
Ciel & Terre Solar Private Limited, in partnership with Larsen & Toubro and SJVN Green Energy Limited, has commissioned a 120 MWp floating solar photovoltaic project at the Omkareshwar dam reservoir in Madhya Pradesh. The plant will supply power to Rewa Ultra Mega Solar Limited. The project comprises 14 floating solar islands, each with a…
REC Power Distribution Company Limited (REC PDCL) has invited bids for selection of a transmission service provider (TSP) to implement transmission system strengthening works at Davanagere for renewable energy (RE) integration in Karnataka. The request for proposal (RfP) was issued on May 15, 2025. Bids are due by July 18, 2025. The project will be…
NHPC Limited has issued Letters of Award (LoAs) to four developers for setting up a total of 2,400 MW of Inter-State Transmission System (ISTS)-connected wind-solar hybrid power projects across India. These projects, awarded under Tranche-X, may include Energy Storage Systems (ESS) and will be developed on a build, own, and operate (BOO) basis. Sprng Vayu…
AHAsolar Technologies Limited has secured a new work order worth Rs 1.176 million from Gujarat Urban Development Company (GUDC). The order, dated May 15, 2025, is for preparing pre-feasibility reports (PFRs) for solar power projects across 48 locations in Gujarat. The project scope includes site surveys, technical assessments, and financial analyses. These are essential first…