India’s Union Cabinet has approved an amendment to Press Note 3 of 2020, which requires government approval for investments from countries sharing a land border with India. The revision introduces a 10% beneficial ownership threshold below which investors from these countries can invest through the automatic route without prior clearance. For the power sector, the…
The Ministry of Power (MoP) has revised the regulatory framework for captive generating plants, introducing a proportionate consumption mechanism that limits how much electricity each co-owner in a multi-user plant can claim as captive. The changes are set out in the Electricity (Amendment) Rules, 2026, published in the Gazette of India on Friday. The amendment…
India’s total installed power capacity reached 524 GW at the end of February, according to official data, with non-fossil fuel sources exceeding 52% of the mix for the first time as solar additions outpaced other technologies. Data released by the Central Electricity Authority (CEA) showed that renewable energy, large hydro and nuclear together accounted for…
The National Company Law Tribunal (NCLT), Ahmedabad Bench, has approved the demerger of the Power Evacuation Business of Inox Green Energy Services Limited (IGESL) into Inox Renewable Solutions Limited (IRSL). The order was pronounced on March 13, 2026, and IGESL informed the stock exchanges of the development on March 14, 2026. The scheme has an…
ACME Solar Holdings Limited has commissioned a 142.67 MW / 481.49 MWh Battery Energy Storage System (BESS) in Rajasthan through its subsidiaries. The project represents Phase 1 of a planned total BESS capacity of 585 MW / 2,011 MWh to be developed under the same special purpose vehicles (SPVs). The BESS installations are connected to…
Orient Green Power Company Limited has informed stock exchanges that two promoter entities, Nivedana Power Private Limited (NPPL) and Syandana Energy Private Limited (SEPL), will be merged into SVL Limited following approval from the National Company Law Tribunal (NCLT). The consolidation forms part of an internal restructuring within the promoter group and does not alter…
Coal India Limited (CIL) has informed stock exchanges that Central Mine Planning and Design Institute Limited (CMPDIL), its wholly owned subsidiary, filed a Red Herring Prospectus (RHP) dated March 12, 2026 with the Securities and Exchange Board of India (SEBI), BSE Limited (BSE), and the National Stock Exchange of India Limited (NSE) for a proposed…
Mahindra Susten Private Limited has achieved financial closure for its Hazel Hybren renewable energy project in Rajasthan. The project has a capacity of 300 MW alternating current (AC), equivalent to 420 MWp, with HDFC Bank Limited acting as the sole lender under a binding agreement executed on February 27, 2026. The structured project financing amounts…
The Directorate General of Trade Remedies (DGTR) has recommended extending countervailing duties (CVD) on solar glass imports from Malaysia for another five years, stating that Malaysian producers continue to receive government subsidies and that removing the duty could lead to renewed injurious imports. The review followed a sunset review (SSR) application filed by Borosil Renewables…
Ashok Leyland Limited has started construction of a greenfield battery pack manufacturing facility at Pillaipakkam near Chennai. The project involves an investment of Rs 400–500 crore and forms part of the commitments made under a memorandum of understanding (MoU) signed between the Hinduja Group and the Government of Tamil Nadu in September 2025. The facility…