JSW Energy signs MOU with China’s RJE Tech for energy storage systems JSW Energy has signed a strategic Memorandum of Understanding (MOU) with Rongjie Energy Technology Co., Ltd. (RJE Tech) covering the supply of energy storage systems (ESS) with capacities of 5 MWh and 6.26 MWh. The systems will use RJE Tech’s 314Ah and newly…
Terralight Solar wins bid for Luhri hydro power transmission project Terralight Solar Energy Tinwari Private Limited has emerged as the successful bidder for the Luhri Power Transmission Limited project, quoting transmission charges of Rs 144.35 crore. REC Power Development and Consultancy Limited (RECPDCL) handed over the project-specific Special Purpose Vehicle (SPV) to Terralight Solar on…
Mahindra Susten secures Rs 875 crore financing for 150.8 MW hybrid project Mahindra Susten has achieved financial closure for its 150.80 MW hybrid renewable energy project in Maharashtra, being developed under a Group Captive off-take arrangement. The company signed a binding financing agreement with the Export-Import Bank of India (India Exim Bank) on August 10,…
Inox Clean completes Rs 6,000 crore Vena Energy India acquisition Inox Clean Energy has completed the acquisition of Vena Energy India, a renewable energy platform owned by BlackRock-backed Global Infrastructure Partners (GIP), in a transaction valued at approximately Rs 6,000 crore. The deal was completed within two months of signing, making it one of the…
UPERC seeks public comments on Adani parallel distribution licence for Noida data centre park The Uttar Pradesh Electricity Regulatory Commission (UPERC) has directed Adani Energy Solutions Step Eleven Limited (AESSEL) and Adani Energy Solutions Limited (AESL) to invite public suggestions and objections on their application for a parallel distribution licence for a Data Centre Park…
Hinduja Group plans Rs 2,500 crore investment across Tamil Nadu The Hinduja Group plans to invest Rs 2,500 crore in Tamil Nadu across renewable energy, electric mobility, automotive, financial services, energy, battery charging infrastructure and digital mobility solutions. Amit Saharia, Group President – Strategy, Hinduja Group, signed a Memorandum of Understanding (MoU) with Deepak Jacob,…
Cosmic Solar EPC secures Rs 574 crore solar orders Cosmic Solar EPC Private Limited has secured solar engineering, procurement and construction (EPC) orders worth Rs 574 crore. The company has also expanded into western and central India with a new corporate office in Mumbai. The office in Chembur will support business development, customer engagement, project…
Powertrac commissions second-phase 50 MW distributed renewable capacity in Gujarat Powertrac has commissioned 50 MW of distributed renewable energy capacity in Gujarat under the Distributed Renewable Energy-Based Power (DREBP) scheme, completing the second phase of its project development programme in the state. The commissioned portfolio comprises 11 kV Independent Power Producer (IPP) projects. The addition…
Jakson Infra wins Rs 128 crore Karnataka transmission contract Jakson Infra has secured a Rs 128.21 crore contract from Resonia Limited to develop the 400 kV Jagalur–Kadakola Double Circuit Transmission Line (Middle Section) in Karnataka, covering approximately 90.07 km. The project forms part of a wider transmission scheme that includes a 400 kV substation at…
PFC’s Q1 net profit steady at Rs 8,998 crore, loan book crosses Rs 11.6 lakh crore Power Finance Corporation (PFC) reported a consolidated net profit of Rs 8,998 crore for Q1 FY27, broadly unchanged from Rs 8,981 crore in Q1 FY26. Standalone net profit increased 5.4% to Rs 4,745 crore from Rs 4,515 crore a…