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Inox Clean to acquire Vena Energy India platform for Rs 6,000 crore
Inox Clean Energy Limited has signed a definitive agreement to acquire 100% equity interests in Vena Energy India Holdings Pte Ltd, the India renewable energy platform of Vena Group, in a transaction estimated at around Rs 6,000 crore. The acquisition is subject to customary closing conditions and regulatory approvals. The portfolio being acquired includes around…
MHI issues guidelines for EV charging station rollout under PM E-DRIVE
The Ministry of Heavy Industries (MHI) has released operational guidelines for the deployment of electric vehicle public charging stations (EV PCS) under the PM E-DRIVE Scheme. The scheme provides financial support of Rs 20 billion to establish public charging infrastructure across the country. Government premises such as offices, hospitals, educational institutions, and central public sector…
KPI Green sets up new SPV for renewable energy projects
KPI Green Energy Limited has incorporated a new special purpose vehicle (SPV), KPIN Clean Power Two LLP, on June 28, 2025. The SPV has been formed to implement renewable energy (RE) projects across India. The new entity will be involved in generating, developing, transmitting, and supplying power using solar, wind, or other renewable sources. It…
Om Infra wins Rs 1,998.4 mn contract for Dibang hydropower project
Om Infra Limited has secured a contract worth Rs 1,998.4 million for hydro-mechanical works in the Dibang Multi Purpose Project. The award was finalised on June 25, 2025, following bids invited by NHPC Limited in April 2024. The contract has two parts. The first, worth Rs 1,678.6 million, is for the ex-works and CIF (Cost,…
Gujarat to invest Rs 290 billion in Green Energy Corridor III project
The Government of Gujarat is set to invest Rs 290 billion in the Gujarat Green Energy Corridor III (GEC-III) project. The initiative aims to transmit 16,500 MW of renewable energy across the state by strengthening grid connectivity from major renewable energy zones. The project will link renewable energy zones (REZ) in Kutch, Jamnagar-Bet Dwarka, Banaskantha-Patan,…
LG Electronics India signs 25-year solar PPAs for 20.8 MWp capacity
LG Electronics India has locked in long-term renewable energy supply for two of its manufacturing facilities, signing 25-year solar power purchase agreements with Hinduja Renewables and Sunsure Energy, totalling 20.8 MWp of contracted capacity. Under the arrangement, Hinduja Renewables will supply power from its 27.7 MWp solar plant in Nanded, Maharashtra. Of this, 9.8 MWp…
