Avaada Group has achieved financial closure of approximately USD 1.3 billion for a 2,150 MW renewable energy portfolio comprising hybrid and utility-scale solar projects in Gujarat and Maharashtra. The integrated energy transition company secured the financing from State Bank of India (SBI), REC Limited and Canara Bank across four Special Purpose Vehicles (SPVs), according to…
BluPine Energy has signed long-term Open Access Power Purchase Agreements (PPAs) with Craftsman Automation and Sunbeam Lightweighting Solutions Pvt. Ltd for the supply of 21 MWp of solar power from its Rajasthan project. The agreements will support the captive renewable energy requirements of Craftsman Automation and Sunbeam Lightweighting Solutions, supplying solar power to their manufacturing…
SJVN Limited reported consolidated revenue from operations of Rs 1,394.38 crore for the quarter ended June 30, 2026, up 52% from Rs 917.45 crore in the corresponding quarter of the previous fiscal year. Despite the increase in revenue, consolidated Profit After Tax (PAT) declined marginally by 1.2% to Rs 224.74 crore from Rs 227.58 crore…
Voltamp Transformers Limited reported revenue from operations of Rs 543.78 crore for the quarter ended June 30, 2026, up 28% from Rs 423.58 crore in the corresponding quarter of the previous fiscal year. Operating profit stood at Rs 76.91 crore during the quarter, representing an 11% increase over Q1 FY2026. However, the Earnings Before Interest,…
Vikran Engineering Limited has received a Notification of Award from Power Grid Corporation of India Limited (POWERGRID) for the 400 kV Gas Insulated Switchgear (GIS) Substation Extension Package SS-147, valued at approximately Rs 120.69 crore, exclusive of Goods and Services Tax (GST). The order covers augmentation of transformation capacity at three POWERGRID substations in Dadra…
REC Power Development and Consultancy Limited (RECPDCL), a wholly-owned subsidiary of REC Limited, has invited bids to select Transmission Service Providers (TSPs) for two intra-state transmission projects in Maharashtra and Bihar through Tariff-Based Competitive Bidding (TBCB). The Maharashtra project involves development of a 765/400/220 kV Air Insulated Substation (AIS) at Alkud-II/Jath in Sangli district to…
The Central Electricity Authority (CEA) and the Ministry of Environment, Forest and Climate Change (MoEFCC) have moved to encourage transmission utilities to adopt improved tower configurations and advanced conductor technologies that can reduce Right-of-Way (RoW) requirements for transmission lines in forest areas by up to 20%. The move follows revised RoW standards introduced under the…
SVOLT Energy Technology has secured an energy storage project of more than 700 MWh from Adani Green Energy Limited (AGEL) in India, covering a demonstration station in Mumbai and a large-scale storage system at the Khavda renewable energy park in Gujarat. The project will use SVOLT’s self-developed 350Ah second-generation battery cells and a dual-layer liquid…
REC Limited and PFC Limited have signed a Common Loan Agreement with Meja Urja Nigam Private Limited (MUNPL) for Rs 26,850 crore to finance the 2,400 MW Stage-II expansion of the Meja Super Thermal Power Project in Uttar Pradesh. The proposed Stage-II project will comprise three 800 MW ultra-supercritical units equipped with an Air Cooled…
Tata Power Company Limited has acquired a 100% equity stake in Ryapte Power Transmission Limited (RPTL), the Special Purpose Vehicle (SPV) established to develop an intra-state transmission project in Karnataka with capital expenditure of more than Rs 4,000 crore. The acquisition was completed on July 30, 2026, following the signing of the Share Purchase Agreement…