Power Bytes

India Waaree group adds eight IPP-focused step-down subsidiaries Waaree Energies Limited disclosed the incorporation of eight wholly owned subsidiaries through its step-down arm, Waaree Forever Energies Private Limited. The entities were incorporated between January 13 and January 15, 2026, to hold specific independent power producer projects. Each subsidiary has been created solely for individual IPP assets and has not commenced operations, reporting nil turnover. WFEPL holds 100% equity in all eight companies, and no acquisition…

India SECI, NDMC sign MoU to solarise 244 civic buildings in Delhi The Solar Energy Corporation of India and the New Delhi Municipal Council have signed a Memorandum of Understanding to install solar power systems on around 244 civic buildings in Delhi. The MoU was exchanged in the presence of NDMC Chairman Sh. Keshav Chandra, IAS, and signed by Sh. Manas Ranjan Mishra of SECI and Er. Deepak Sachdeva of NDMC. The initiative aims to…

India L&T wins contract for 3,000 MW Saidongar pumped storage project Larsen and Toubro Limited has secured a large contract from Torrent Energy Storage Solutions Private Limited for the 3,000 MW Saidongar-1 Pumped Storage Project in Raigad, Maharashtra. The order has been awarded to L&T’s Heavy Civil Infrastructure business vertical and covers design, engineering, and execution of civil and hydro mechanical works. The project will comprise ten units of 300 MW each and is expected…

India Oriana Power approves Rs 75 crore debenture issue Oriana Power Limited has approved raising Rs 75 crore through a private placement of debentures at a Board meeting held on 5 January 2026. The company plans to issue 7,500 rated, unlisted, senior, secured, redeemable, transferable, non-convertible debentures, each with a face value of Rs 1,00,000. The debentures will carry a fixed annual coupon of 11.6%, payable monthly, with a tenure of up to 48 months…

India Shakti Pumps invests Rs 3 crore in solar manufacturing expansion Shakti Pumps (India) Limited has invested Rs 3 crore in its wholly owned subsidiary, Shakti Energy Solutions Limited. The funding will be used to set up a greenfield facility in Pithampur, Madhya Pradesh, to manufacture high efficiency Solar Domestic Content Requirement cells and solar photovoltaic modules. The proposed plant will have a capacity of 2.20 GW and forms part of a wider Rs 17,000…

India Adani Green signs power supply and investment deals with Asahi India Glass Adani Green Energy Limited said on 7 January 2026 that its step-down subsidiary, Adani Green Energy Twenty Five B Limited, has executed two agreements with Asahi India Glass Limited. The subsidiary has signed a Power Consumption Agreement to supply 20.8 MW of solar wind hybrid power from a 25 MW solar unit and a 20.8 MW wind unit at Khavda, Gujarat. On…

India Bondada Engineering commissions 120 MWp solar capacity in December 2025 Bondada Engineering Limited commissioned 120.46 MWp of solar capacity in December 2025. The projects were developed for Paradigm IT, Maharashtra State Power Generation Company Limited and NLC India Limited across Maharashtra and Tamil Nadu. Sites include Dhule, Amaravati, Hingoli, Pathardi, Shevgaon, Kannad and Dharni in Maharashtra, and Neyveli in Tamil Nadu. The company said its commissioning volumes have doubled month on month for the…

India Bondada Engineering wins Rs 627 crore BESS project in Andhra Pradesh Bondada Engineering Limited has received a Letter of Award from AP TRANSCO for a 225 MW or 450 MWh standalone battery energy storage system in Andhra Pradesh under a build-own-operate model. The project will be installed at the 400 or 220 kV Hindupur substation in Anantapur District. Execution has been set at 18 months from the date of the LoA, taking Bondada’s BESS…