The Expert Appraisal Committee (EAC) for Thermal Projects under the Ministry of Environment, Forest and Climate Change (MoEF&CC) has recommended the grant of Terms of Reference (ToR) for Torrent Power Limited’s proposed 1,600 MW ultra super-critical coal-fired thermal power project in Raigarh district, Chhattisgarh. The recommendation was made during the EAC’s 47th meeting held on…
Swelect Energy Systems Limited will acquire 100% of Dexler Solar Park Phase 1 Private Limited (DSPP1), which will become a wholly owned subsidiary of the company and develop a solar power project of up to 7.0 MWdc under the group captive scheme. The acquisition was approved by Swelect Energy’s Investment Committee at its meeting on…
Waaree Renewable Technologies Limited has secured two Letters of Award (LOA) for engineering, procurement and construction (EPC) of ground-mounted solar photovoltaic (PV) projects with a combined capacity of 800 MWac / 1,082 MWp. The orders were received on July 25, 2026, from one of India’s leading renewable energy companies. The two projects comprise a 400…
Adani Energy Solutions Limited (AESL) has secured an inter-state transmission project in Andhra Pradesh with an estimated value of Rs 8,500 crore under the Government of India’s Tariff-Based Competitive Bidding (TBCB) framework. The project will create transmission infrastructure to meet an estimated 4,500 MW of demand from proposed green hydrogen and green ammonia facilities in…
The Board of Directors of Indian Renewable Energy Development Agency Limited (IREDA) has approved the appointment of Shri Javvadi V.N. Subramanyam, Joint Secretary at the Ministry of New and Renewable Energy (MNRE), as Government Nominee Director on the company’s Board with effect from July 24, 2026. The appointment follows an MNRE order dated July 23,…
Indo Tech Transformers Limited has received approval from NTPC Limited to manufacture transformers in the 400 kV voltage class for Battery Energy Storage System (BESS) projects, expanding its manufacturing capability beyond its existing 220 kV range. The company, a subsidiary of Shirdi Sai Electricals Limited, has also secured an order for two 90 MVA 400…
CG Power and Industrial Solutions Limited reported standalone sales of Rs 3,061 crore in the first quarter of FY27, up 16% year-on-year from Rs 2,643 crore in Q1 FY26, while profit after tax increased 27% to Rs 364 crore. The company said the quarter marked its highest-ever Q1 revenue and profit before tax in recent…
ACC Limited has approved the acquisition of a 26% stake in Amplus Andhra Power Private Limited for approximately Rs 5.31 crore, enabling the cement producer to source electricity from the renewable energy project under the captive consumption framework. The acquisition covers 9,58,548 equity shares and is expected to be completed on or before October 30,…
Indian Energy Exchange Limited (IEX) reported an 11.65% year-on-year increase in consolidated net profit to Rs 134.75 crore in Q1 FY27, supported by higher electricity trading volumes amid stronger power demand during the summer season. Revenue from operations increased 11.37% to Rs 157.87 crore during the quarter, compared with the corresponding period of FY26. Profit…
REC Limited reported a 23% sequential increase in net profit for the first quarter of FY27, while its loan book reached Rs 5.90 lakh crore as of June 30, 2026. The Board of Directors approved the company’s standalone and consolidated financial results for the quarter, along with a first interim dividend of Rs 4.25 per…