The Ministry of New and Renewable Energy (MNRE) has advised Distribution Companies (DISCOMs) and Electricity Departments to allow up to 10% tolerance in the DC capacity of rooftop solar systems while processing net metering applications under the PM Surya Ghar: Muft Bijli Yojana (PMSG: MBY). The advisory, issued in March 2026, addresses cases where net…
ACME Solar Holdings Limited has secured long-term project funding of Rs 3,404.57 crore from Power Finance Corporation Limited (PFC) for its 250 MW Firm and Dispatchable Renewable Energy (FDRE) project being developed through ACME Urja One Private Limited (Phase-III). PFC is the sole financier for the project, with the debt carrying a repayment tenor of…
Bharat Heavy Electricals Limited (BHEL) has secured an order from Dangote Petroleum Refinery and Petrochemicals Free Zone Enterprise, Nigeria, for the supply and supervision of erection and commissioning of eight Gas Turbine Generator (GTG) packages. Secured amid intense international competition, the contract is BHEL’s largest-ever single order on a supply and supervision basis for GTG…
Inox Wind Limited (IWL) has secured a repeat turnkey order of 200 MW from NLC India Limited, with an approximate contract value of Rs 1,600 crore. The project is scheduled to be commissioned within 24 months from the date of the Letter of Award (LoA). The latest order takes IWL’s order book to 4.7 GW,…
ACME Solar Holdings Limited reported consolidated total revenue of Rs 954 crore for the quarter ended June 30, 2026, up 63.3% year-on-year, while Profit After Tax (PAT) increased 80% to Rs 235 crore. Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) rose 56.5% to Rs 831 crore during Q1 FY27. Revenue growth was driven by…
Rajasthan Renewable Energy Corporation Limited (RRECL) has issued a Request for Proposal (RFP) for the deployment of public electric vehicle (EV) charging infrastructure across Jaipur, Udaipur, Kota, Ajmer, Alwar and Jodhpur under the PM E-DRIVE Scheme. The tender is divided into seven packages, including two for Jaipur, with a combined estimated project value of more…
Waaree Energies Limited has commissioned 118.8 MW of the 170 MW capacity of Unit 3 at its Solar Power Facility in Neemuch Solar Park, Madhya Pradesh. The part capacity was commissioned on July 28, 2026, with the remaining capacity of the unit expected to be commissioned in due course. The project forms part of Waaree…
AFRY India has signed a contract with Himachal Pradesh Power Corporation Limited (HPPCL) to provide Project Management Consultancy (PMC) services for the 191 MW Thana Plaun Hydroelectric Project. The Rs 15.30 billion project is located near the confluence of Rana Khad and the River Beas. Designed as a storage-cum-run-of-river hydroelectric project, Thana Plaun will add…
Tata Power has finalised Gopalpur in Odisha for its Rs 6,675 crore, 10 GW solar ingot and wafer manufacturing facility, extending its solar manufacturing operations further upstream in the value chain. The facility will be developed at the Tata Steel Special Economic Zone (SEZ) in Gopalpur, Ganjam district. The investment of Rs 6,675 crore was…
Waaree Energies Limited reported consolidated revenue from operations of Rs 7,931.79 crore for the quarter ended June 30, 2026, up 79.22% year-on-year from Rs 4,425.83 crore in Q1 FY26. Operating Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) increased 44.38% to Rs 1,439.92 crore from Rs 997.32 crore, while Profit After Tax (PAT) rose 15.39%…