KPI Green Energy Limited has signed a Memorandum of Understanding (MoU) with the Government of Gujarat to develop renewable energy projects with a proposed investment of around Rs 4,000 crore. The MoU was signed on January 12, 2026, in Rajkot. Under the agreement, KPI Green plans to develop renewable energy projects with a combined capacity…
The Ministry of Finance and the General Administration of Taxation of China have announced changes to the export value added tax (VAT) rebate policy for photovoltaic (PV) and battery products. Under the revised framework, export VAT rebates will be withdrawn for a range of PV products from 01 April 2026. For battery products, the export…
The United States has announced its withdrawal from the United Nations Framework Convention on Climate Change (UNFCCC) and more than 60 international treaties and organisations, stating that these memberships no longer align with U.S. interests. The exit covers several major climate and energy institutions. These include the UNFCCC, the 1992 treaty that underpins global climate…
India has commenced trial runs of its first hydrogen-powered train, a significant step toward cleaner rail transport. The testing is being conducted by the Research Designs & Standards Organisation (RDSO) on the Jind-Sonipat section of Northern Railway. The train, developed by the Integral Coach Factory in Chennai, is undergoing oscillation tests and Emergency Brake Distance…
Defence Minister Rajnath Singh inaugurated Hinduja Group flagship Ashok Leyland’s integrated electric vehicle manufacturing plant in Lucknow, marking a major expansion of the company’s electric and alternative fuel vehicle production capacity. The plant, located in Sarojini Nagar, was inaugurated in the presence of Uttar Pradesh Chief Minister Yogi Adityanath and Union Heavy Industries Minister H…
India has taken a step towards creating a unified digital identification and traceability framework for batteries with the release of draft Guidelines for Implementation of Battery Pack Aadhaar System. The draft has been prepared by a committee constituted by the Ministry of Road Transport and Highways (MoRTH) and proposes a standardised digital record for tracking…
REC Power Development and Consultancy Limited (RECPDCL) has transferred its entire shareholding in two project-specific special purpose vehicles (SPVs), Velgaon Power Transmission Limited and Jejuri Hinjewadi Power Transmission Limited, to successful bidders selected through a tariff-based competitive bidding (TBCB) process. The divestments were completed through separate Share Purchase Agreements signed on 9 January 2026. Jejuri…
NTPC Limited has informed the stock exchanges that it signed a Shareholder Agreement (SHA) with Maharashtra State Power Generation Company Limited (MAHAGENCO) on 9 January 2026. The agreement formalises the consortium arrangement for the acquisition of Sinnar Thermal Power Limited (STPL), which is undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy…
Saatvik Green Energy Limited has informed the stock exchanges that its subsidiaries have received and accepted two new domestic orders covering engineering, procurement, and construction services and solar module supply. In the first order, the company’s wholly owned subsidiary, Saatvik Cleantech EPC Private Limited, has secured a turnkey engineering, procurement, and construction (EPC) contract valued…
Advait Energy Transitions Limited (formerly Advait Infratech Limited) has the stock exchanges that it has emerged as the lowest bidder in two separate competitive tenders. The company received confirmations for both projects on 8 January 2026. Under the first project, awarded by Paschim Gujarat Vij Company Limited (PGVCL), Advait Energy has received bid confirmation for…