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L&T raises Rs 5 billion via India’s first ESG bonds, wins USD 50 million contract
Larsen & Toubro (L&T) has raised Rs 5 billion through India’s first environmental, social, and governance (ESG) bonds. The funds were mobilised via non-convertible debentures (NCDs) at a 6.35% coupon rate with a three-year maturity. The bonds were listed on the National Stock Exchange (NSE) and issued under the Securities and Exchange Board of India’s…
Emmvee reports strong FY26 growth on higher solar output
Emmvee Photovoltaic Power Limited reported a sharp increase in its audited financial results for the quarter and year ended March 31, 2026, driven by higher production and capacity expansion. For FY26, revenue from operations rose 116% year-on-year to Rs 5,050 crore. EBITDA increased 140% to Rs 1,734.4 crore, while profit after tax (PAT) grew 193%…
China begins construction of mega-dam on Brahmaputra River
China has begun construction on a massive hydropower project on the Yarlung Tsangpo River in southeastern Tibet, known downstream as the Brahmaputra in India. The project, which broke ground on July 19, 2025, is expected to be one of the largest hydroelectric undertakings globally, with an estimated investment of 1.2 trillion yuan (approximately $167.1 billion),…
Epigral to invest Rs 213.8 million in Gujarat hybrid power project
Epigral Limited has signed a Share Subscription and Shareholder’s Agreement (SSSHA) with Prozeal Green Energy Private Limited and its special purpose vehicle (SPV), Pro-Zeal Green Power Ten Private Limited. The agreement is for the procurement of power from a 19.8 MW wind-solar hybrid project located in Gujarat. Epigral will invest around Rs 213.8 million to…
RFP issued for WR ER inter regional transmission expansion projects
REC Power Development and Consultancy Limited (RECPDCL) has invited Requests for Proposal (RFP) to select Transmission Service Providers for two components of the Western Region Eastern Region (WR ER) Inter Regional Network Expansion Scheme. The Ministry of Power (MoP), through a Gazette Notification dated September 18, 2025, appointed RECPDCL as the Bid Process Coordinator for…
SWELECT enters Kerala with 26.6 MWp solar asset acquisition
Swelect Energy Systems Limited has expanded its renewable energy portfolio in Kerala through the acquisition of a 26.6 MWp solar independent power producer (IPP) asset, marking its first group captive project in the state. The acquisition includes U Solar 4 Asset Co. along with its associated power purchase agreement (PPA). The company said the transaction…
