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Ashok Leyland to invest Rs 50 bn in battery localisation
Ashok Leyland plans to invest more than Rs 50 billion over the next 7 to 10 years to develop and localise advanced battery technologies in India. Ashok Leyland confirmed that the localisation of battery manufacturing in India will support its own electric vehicle portfolio under the Ashok Leyland and Switch brands, while also supplying batteries…
NTPC commissions full 470 MW solar project in Rajasthan
NTPC Renewable Energy Limited, a subsidiary of NTPC Limited, has commissioned its entire 470 MW solar power project in Rajasthan. The final phase, 100 MW from the 320 MW Bhainsara solar project in Jaisalmer, began commercial operations on March 20, 2025. This milestone follows the earlier commissioning of 160 MW at Bhainsara on August 28,…
Voltamp Transformers secures Rs 2,633.3 million contract from GETCO
Voltamp Transformers Limited has received a Letter of Intent (LoI) valued at Rs 2,633.3 million from Gujarat Energy Transmission Corporation Limited (GETCO) for the design, manufacturing, testing, and supply of various ratings of power transformers. The project, awarded on November 5, 2024, is expected to be completed within 12 months.
ACEN takes full control of Indian renewables platform
ACEN Corporation has consolidated full ownership of its renewable energy joint venture in India with UPC Renewables, gaining complete control of a 1,059 MWdc portfolio under construction and a development pipeline of nearly 7 GW. The move positions India as a core market in ACEN’s international growth strategy. Through its subsidiary, ACEN Renewables International Pte….
Solar becomes EU’s top power source in June 2025
Solar power generated a record 22.1 per cent of the European Union’s electricity in June 2025, marking the first time it became the region’s largest single energy source. According to Ember, solar produced 45.4 TWh of electricity, surpassing nuclear (21.8 per cent) and wind (15.8 per cent). The shift was driven by a combination of…
Indosolar reports 350% rise in FY26 profit on higher module output
Indosolar Limited reported a sharp improvement in financial performance for the fiscal year ended March 31, 2026, supported by higher module production and operational efficiencies. Profit After Tax (PAT) rose to Rs 246.60 crore, up 350.16% from Rs 54.78 crore in FY25. Revenue from operations increased to Rs 679.85 crore in FY26, reflecting a year-on-year…
