REC Power Development and Consultancy Limited (RECPDCL), a wholly-owned subsidiary of REC Limited, has incorporated Kukshi Alirajpur Transmission Limited as a Special Purpose Vehicle (SPV) for the project, “Strengthening of Intra-State Transmission System at Kukshi/ Alirajpur Area by Establishment of New EHV Substations & Associated Transmission Lines” in Madhya Pradesh. The transmission scheme is aimed…
India commissioned three thermal power units with a combined capacity of 2,260 MW during April-June 2026, while 65 units aggregating 47,545 MW remained under construction as of June 30, 2026, according to the Central Electricity Authority’s (CEA) 195th Quarterly Review of Under Construction Thermal Power Projects. The additions during Q1 FY27 comprised the 800 MW…
The Maharashtra Transmission Committee (MTC) has approved a Rs 2,997.74 crore modernisation of the 220 kV Pedambe-Apta transmission corridor, involving its conversion into a 400 kV multi-circuit network to support rising demand and generation requirements in western Maharashtra. The project involves construction of approximately 182 km of multi-circuit transmission line and dismantling of the existing…
The Expert Appraisal Committee (EAC) for River Valley and Hydroelectric Projects under the Ministry of Environment, Forest and Climate Change (MoEFCC) has recommended Standard Terms of Reference (ToR) for Uttarakhand Jal Vidyut Nigam Limited’s (UJVNL) proposed 81 MW Arakot Tiuni Hydroelectric Project in Uttarkashi district, Uttarakhand. The Rs 1,211.27 crore run-of-river project will be developed…
The Eastern Regional Power Committee (ERPC) has flagged the rapid growth of data centre electricity demand as an emerging challenge for grid operation, citing the concentration of large loads, fast power variations and technical characteristics that could affect voltage and frequency stability. The Eastern Regional Load Despatch Centre (ERLDC) noted that large-scale data centres are…
Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited, has conducted the groundbreaking ceremony for an 800 MW renewable energy project in Andhra Pradesh involving an investment of Rs 5,750 crore. The project comprises 400 MW of solar capacity at Pattikonda in Kurnool and 400 MW of wind capacity at…
Vedanta Limited reported consolidated revenue of Rs 23,456 crore for the quarter ended June 30, 2026, up 51% year-on-year, while Profit After Tax (PAT) increased 152% to Rs 5,294 crore, the company’s highest-ever quarterly PAT. Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) nearly doubled to Rs 8,469 crore from Rs 4,267 crore in Q1…
Adani Energy Solutions Limited (AESL) has raised Rs 3,500 crore through a Qualified Institutional Placement (QIP) of equity shares, with participation from domestic institutional investors including SBI Large Cap Fund and Aditya Birla Sun Life Mutual Fund. The issue opened on July 27, 2026, and closed on July 30, 2026. AESL allotted 2,16,71,826 equity shares…
Mecpower Solutions Ltd has signed a Memorandum of Understanding (MoU) with the Government of Gujarat to establish a 5 GWh Battery Energy Storage System (BESS) assembly facility at Karjan, with an envisaged investment of around Rs 160 crore. The Gujarat-headquartered integrated renewable energy infrastructure company plans to use the proposed facility to cater to utility-scale…
Ravindra Energy Limited has executed a loan agreement with Tata Capital Limited for a term loan facility of up to Rs 100 crore to fund investments in its solar project Special Purpose Vehicles (SPVs). The financing will be used for investment requirements at the solar project SPVs and is separate from project finance loans raised…