Power Finance Corporation has announced the transfer of NERGS III Siang Basin Transmission Limited, a wholly owned subsidiary of PFC Consulting Limited, to Dineshchandra R Agrawal Infracon Private Limited (DRAIPL). The transfer was completed on May 26, 2026, following a competitive bidding process. The Special Purpose Vehicle (SPV) was created for the development of the…
Solarworld Energy Solutions reported strong growth in revenue and profitability for the quarter and financial year ended March 31, 2026, supported by higher execution in its solar engineering, procurement and construction (EPC) business and expansion into battery energy storage systems (BESS). For FY26, total income rose 157% year-on-year to Rs 14,160.66 million from Rs 5,510.85…
Diamond Power Infrastructure reported strong growth in revenue and profitability for the quarter and financial year ended March 31, 2026, supported by demand from power infrastructure, renewable energy, transmission, distribution and data centre sectors. For FY26, revenue from operations rose 71% year-on-year to Rs 1,911 crore from Rs 1,115.39 crore in FY25. Earnings before interest,…
The Central Electricity Regulatory Commission (CERC) has issued a draft amendment to the Deviation Settlement Mechanism (DSM) and Related Matters Regulations, 2024, proposing changes related to wind-solar (WS) projects, standalone energy storage systems (ESS), and deviation charge payment timelines. The draft Central Electricity Regulatory Commission (Deviation Settlement Mechanism and Related Matters) (Third Amendment) Regulations, 2026,…
Saatvik Green Energy has received and accepted an order worth Rs 171.45 crore for the supply of solar photovoltaic (PV) modules, according to a regulatory filing dated May 26, 2026. The order has been awarded by a domestic independent power producer (IPP) or engineering, procurement and construction (EPC) company. The company did not disclose the…
Clean Max Enviro Energy Solutions has announced the closure of approximately $575 million in financing across multiple lenders and the commissioning of a 351.4 MWp solar project in Rajasthan. The financing package includes External Commercial Borrowings (ECB), Foreign Currency Non-Resident Bank [FCNR(B)] funding, and INR-denominated term loans to support nearly 1 GW of Central Transmission…
The Ministry of New and Renewable Energy has circulated a draft Office Memorandum proposing a one-time relief package to address delays in signing Power Purchase Agreements (PPAs) for nearly 45 GW of renewable energy (RE) projects that have already received Letters of Award (LoAs). The proposal follows a meeting held on May 6, 2026, chaired…
H.G. Infra Engineering has been declared a qualified bidder by REC Power Development and Consultancy Limited for a transmission project in Uttar Pradesh under a tariff-based competitive bidding process. The project involves the construction of a 220/132/33 kV air-insulated switchgear (AIS) substation at Ranipur in Mau district and another 220/132/33 kV AIS substation at Chunar…
KEC International has secured new orders worth Rs 1,303 crore across its transmission and distribution (T&D), civil, renewables, and cables businesses, the company announced. The company is part of RPG Group. In the T&D segment, KEC International secured orders for 400/220 kV substations and associated transmission lines from a private developer in Southern India. The…
The Jammu and Kashmir Energy Development Agency (JAKEDA) has awarded 45.75 MW of grid-connected rooftop solar capacity across multiple government departments in Jammu and Kashmir. The projects were allocated under the Renewable Energy Service Company (RESCO) model, with discovered tariffs ranging from Rs 4.19/kWh to Rs 5.27/kWh. The tender was originally issued in October 2025…