Hindustan Power has achieved financial closure with the Indian Renewable Energy Development Agency (IREDA) for a debt of Rs 1,135 crore for its 435 MWp solar power project in Lalitpur, Uttar Pradesh. The project is backed by a long-term Power Purchase Agreement (PPA) with Uttar Pradesh Power Corporation Limited (UPPCL), which Hindustan Power won through…
Torrent Power Limited has appointed Vikas Poddar as Chief Financial Officer (CFO) and Whole Time Key Managerial Personnel (KMP), effective August 21, 2026. The appointment follows the planned retirement of Saurabh Mashruwala, who will continue with the company as Executive Director to support the transition. The Board of Directors approved Poddar’s appointment at its meeting…
Aditya Birla Renewables Limited (ABRen), a subsidiary of Grasim Industries Limited, has secured a sole underwritten USD 1.6bn term loan facility from Mitsubishi UFJ Financial Group (MUFG) for its proposed acquisition of Solenergi Power Private Limited, which includes the Sprng Energy group of companies. ABRen signed a definitive agreement in July 2026 to acquire 100%…
Lineage Power Private Limited, a material subsidiary of Pace Digitek, has signed a framework cooperation agreement with Rongjie Energy Technology Co., Ltd. (RJE Tech), a Chinese lithium-ion battery manufacturer, for the supply of 4GWh of lithium iron phosphate (LFP) battery cells in 2027. The agreement follows a Master Supply Agreement (MSA) signed in June 2026…
Power Grid Corporation of India Limited (POWERGRID) has appointed Shri Amol Babulal Taori as Director (Finance) and Chief Financial Officer (CFO) with effect from August 20, 2026. The appointment was formalised at POWERGRID’s 37th Annual General Meeting (AGM) held on August 20, 2026, where the Board of Directors confirmed Taori’s position. He was initially appointed…
Brahmaputra Infrastructure Limited has been declared the lowest bidder (L-1) for a Rs 78.09 crore tunnelling and access works package at the 1,000 MW Turga Pumped Storage Project in West Bengal. The development marks the company’s entry into the pumped storage hydro-power segment and its first presence in West Bengal. The tender was issued by…
ReNew Energy Global Plc reported total income of Rs 47,864 million (US$ 506 million) in Q1 FY27, up from Rs 41,182 million (US$ 435 million) in Q1 FY26. Net profit increased to Rs 5,953 million (US$ 63 million) from Rs 5,131 million (US$ 54 million), while Adjusted EBITDA rose to Rs 30,392 million (US$ 321…
India added 4,081 circuit kilometres (ckm) of high-voltage transmission lines and 35,670 MVA of transformation capacity during the first four months of the current fiscal year, according to data released by the Central Electricity Authority (CEA). The country’s transmission network at 220 kV and above has now reached 510,594 ckm, while total transformation capacity stands…
Websol Energy System Limited has reduced silver consumption in its solar cell manufacturing process by 20% over the past year and is targeting a further 10% reduction in the current financial year. The company is pursuing the reduction as part of its efforts to lower input costs and protect margins amid volatility in silver prices….
Druk Green Power Corporation Limited (DGPC) and Hira Power & Steels Limited (HPSL), India, have signed a Memorandum of Understanding (MoU) to explore the joint development of solar power projects in Bhutan, including a proposed 500 MW Solar PV project. The MoU provides a framework for the two companies to assess potential areas of collaboration…