The Expert Appraisal Committee (EAC) for Thermal Projects under the Ministry of Environment, Forest and Climate Change has recommended the grant of Terms of Reference (ToR) for Gujarat Industries Power Company Limited’s (GIPCL) proposed 750 MW lignite-based thermal power plant in Surat district, Gujarat. The greenfield project will comprise three units of 250 MW each…
Saatvik Green Energy Limited is expanding into the power transformer and power electronics market following its acquisition of Melcon, with a target of capturing 8-10% of India’s domestic transformer market over the next three to four years. The domestic transformer market is currently estimated at Rs 30,000 crore and is projected to reach Rs 55,000…
Oriana Power Limited has secured an Engineering, Procurement, and Commissioning (EPC) contract worth Rs 214.80 crore, including GST, from a leading cement industry player for the development of solar power projects with an aggregate capacity of 50 MW in Rajasthan. The contract covers complete EPC services, including the design, supply, installation and commissioning of the…
Mahindra Susten has achieved financial closure for its 150.80 MW hybrid renewable energy project in Maharashtra, being developed under a Group Captive off-take arrangement, after signing a binding financing agreement with the Export-Import Bank of India (India Exim Bank) on August 10, 2026. India Exim Bank will be the sole lender for the project and…
Exide Industries Limited has invested an additional Rs 200 crore in its wholly owned subsidiary, Exide Energy Solutions Limited (EESL), through a subscription to equity shares on a rights basis. The investment was made on August 18, 2026, taking Exide Industries’ total investment in EESL to Rs 5,102.23 crore. Its shareholding in the subsidiary remains…
Continuum Green Energy has appointed Amit Kansal as President, effective August 18, 2026. Kansal brings more than 30 years of leadership experience, including over 15 years in the power and renewable energy sectors. He has held senior roles across India and international markets, including Singapore and China. Before joining Continuum Green Energy, Kansal served as…
GameChange Energy has broken ground on a new 300,000-square-foot extra-high-voltage (EHV) transformer manufacturing facility in Mumbai, with production scheduled to begin in Q1 2028. The company, which provides renewable energy infrastructure solutions, is making a substantial capital investment in the facility to expand its transformer manufacturing capacity and meet growing global demand for power infrastructure….
The Indian Renewable Energy Development Agency Limited (IREDA) has appointed Shri Manoneet Dalal as a Non-Official Director (Independent Director) on its Board. The appointment follows an order issued by the Ministry of New and Renewable Energy (MNRE) dated August 18, 2026. It is effective from August 18 for a term of three years or until…
Waaree Transpower has completed type testing of its 17.6 MVA, five-winding Inverter Duty Transformer (IDT) at the Central Power Research Institute (CPRI), Bhopal. The transformer successfully underwent dynamic short circuit, impulse and temperature rise tests, demonstrating its ability to meet performance and reliability requirements for renewable power generation and grid-connected energy systems. The testing milestone…
Montecarlo Energy Limited has received a Letter of Intent (LoI) from PFC Consulting Limited (PFCCL) for the development of the 400/220/132 kV AIS Latur Transmission Project in Maharashtra under the Tariff Based Competitive Bidding (TBCB) process. The project is designed to facilitate the evacuation of 1-2 GW of renewable energy expected to be generated across…