NTPC Limited has incorporated a wholly owned subsidiary, NTPC (Mauritius) Energy Limited, in Mauritius to develop power projects, including Floating Solar Photovoltaic (FSPV) projects with Battery Energy Storage System (BESS), in the country. The subsidiary was incorporated on June 26, 2026, in continuation of the company’s disclosure dated December 23, 2025. Business objectives According to…
POWERGRID Corporation of India Limited’s Board of Directors has approved an increase in the company’s borrowing limit from Rs 1,80,000 crore to Rs 2,20,000 crore, subject to shareholders’ approval at the upcoming Annual General Meeting (AGM). The Board also approved raising up to USD 500 million (approximately Rs 4,100 crore) through External Commercial Borrowings (ECB)…
Roofsol Energy has secured Rs 260 crore in financing from Aseem Infrastructure Finance to expand its commercial and industrial (C&I) solar independent power producer (IPP) portfolio in India. The company said the funding will support the development of its C&I solar IPP projects, including installations for JK Tyre & Industries Ltd, as well as around…
Odisha is targeting 11 GW of renewable energy capacity by 2030 and has approved 16 projects worth around Rs 2 lakh crore, Deputy Chief Minister Kanak Vardhan Singh Deo said at the Energy Conclave 2026. He added that the state expects to invest another Rs 30,000 crore in transmission infrastructure to support large-scale renewable energy…
The Haryana Electricity Regulatory Commission (HERC) has directed Haryana Vidyut Prasaran Nigam Limited (HVPNL) to grant a No Objection Certificate (NOC) to Jindal Stainless Limited (JSL) for sourcing 100 MW of Round-the-Clock (RTC) renewable power from its captive Inter-State Transmission System (ISTS)-connected wind-solar hybrid projects in Gujarat and Madhya Pradesh for its manufacturing facility in…
Larsen & Toubro Limited (L&T) has completed the divestment of its subsidiary, Nabha Power Limited (NPL), to Torrent Power Limited following receipt of the required regulatory approvals, including clearance from the Competition Commission of India (CCI). The transaction, first announced on February 16, 2026, involved L&T’s wholly owned subsidiary, L&T Power Development Limited (L&T PDL),…
Jupiter International Limited has commenced production at a new 1.25 GW Tunnel Oxide Passivated Contact (TOPCon) solar cell manufacturing line at its Baddi campus in Himachal Pradesh. With the commissioning of the new facility, the company’s total solar cell manufacturing capacity has increased from 2 GW to 3.25 GW. The company has invested Rs 550…
SWELECT Energy Systems Limited has announced that its wholly owned subsidiary, SWELECT SolarKraft Private Limited, has entered into an agreement to acquire a 49% equity stake in Gridnex Solar Power Private Limited for Rs 4.31 crore in an all-cash transaction. The acquisition will be carried out through a Share Purchase and Shareholders Agreement and is…
The National Company Law Appellate Tribunal (NCLAT) has stayed the corporate insolvency resolution process (CIRP) initiated against Vikram Solar Limited by the National Company Law Tribunal (NCLT), Kolkata Bench. The interim relief, granted on June 24, 2026, suspends the insolvency proceedings and bars the interim resolution professional (IRP) from taking any further action until the…
The Expert Appraisal Committee (EAC) for Thermal Projects under the Ministry of Environment, Forest and Climate Change (MoEF&CC) has recommended the grant of Environmental Clearance (EC) for Adani Power Limited’s (APL) proposed 3,200 MW coal-based thermal power plant in Assam. The recommendation was made during the EAC’s 46th meeting held on June 18, 2026. The…