The Maharashtra state cabinet has approved a restructuring of Maharashtra State Electricity Distribution Company Limited (MSEDCL), paving the way for its bifurcation and a planned stock market listing. The move positions the utility to potentially...
Om Power Transmission, an engineering, procurement and construction (EPC) company in power transmission infrastructure, is seeking to raise Rs 150 crore through an initial public offering (IPO). The issue comprises 85.75 lakh equity shares, including...
The Ministry of Power (MoP) has directed all states, union territories, and power utilities to accept Insurance Surety Bonds (ISBs) as an alternative to bank guarantees for bid security and performance security. The directive takes effect from April...
The Initial Public Offering (IPO) of Nuclear Power Corporation of India Limited (NPCIL) is expected to materialise this year after remaining in the pipeline for over 15 years. The Department of Atomic Energy (DAE) informed a Parliamentary Standing...
Indian Railway Finance Corporation (IRFC), a Navratna Central Public Sector Enterprise (CPSE) under the Ministry of Railways, has sanctioned and fully disbursed a Rs 1,000 crore term loan to Maharashtra State Power Generation Company Limited...
Indian Energy Exchange (IEX) reported its highest ever annual traded electricity volume of 141 billion units (BU) for the fiscal year 2025–2026, marking a 17% increase over the previous year. The growth was supported by improved supply liquidity and...
Cosmic PV Power Limited has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise Rs 6,400 million through an initial public offering (IPO). The issue comprises a fresh equity component of up to...
INOXGFL Group has expanded its renewable portfolio, with subsidiary Inox Clean Energy completing the acquisition of Vibrant Energy from Macquarie Corporate Holdings for around Rs 5,000 crore. The transaction, completed in four months, adds a 1,337 MW...
Indian Renewable Energy Development Agency Limited (IREDA) reported provisional business performance for the financial year ended March 31, 2026, with its loan book outstanding reaching Rs 93,075 crore, up 22% from Rs 76,282 crore a year earlier...
The Bihar government is preparing to list Bihar State Power Transmission Company Limited (BSPTCL) on the National Stock Exchange (NSE), which would make it the first state-owned transmission utility in India to go public. Bihar Energy Secretary Manoj...
Indian Renewable Energy Development Agency Limited (IREDA) signed a facility agreement on Monday with Sumitomo Mitsui Banking Corporation (SMBC) Singapore Branch for an external commercial borrowing (ECB) of JPY 28 billion, including a green shoe...
NTPC Limited approved two major investment proposals at its board meeting on March 28, 2026, committing a combined Rs 8,995.57 crore across battery energy storage and thermal power expansion. Battery energy storage system NTPC approved an investment...
Solar financing startup Metafin has closed a $10 million structured debt facility, with the capital earmarked for expanding solar energy access in rural India. The funding comes from Lendable’s Transportation and Energy Fund. Focus on diesel...
The board of REC Limited has approved a market borrowing programme of up to Rs 1.6 lakh crore for the financial year 2026-27 (FY27), the company said in a stock exchange filing. The programme includes long-term bonds and non-convertible debentures...
Three entities of the Adani group have acquired equity shares in Adani Energy Solutions Limited (AESL) through open market transactions, as per a disclosure to stock exchanges. Adani Infra (India) Limited acquired 1.18 crore equity shares...
The board of NHPC Ltd has approved a plan to raise up to Rs 8,000 crore during the financial year 2026-27 (FY27). The funds will be mobilised through secured or unsecured non-convertible corporate bonds via private placement, along with term loans or...
Mumbai-based diesel generator and power solutions manufacturer Powerica has raised Rs 329.4 crore from 17 anchor investors ahead of its public issue, which opened on March 24. The company allotted 83.39 lakh shares at the upper end of its price band...
Coal India Limited (CIL) has approved in-principle plans to list two of its subsidiaries, South Eastern Coalfields Limited (SECL) and Mahanadi Coalfields Limited (MCL), on domestic stock exchanges, with divestment of up to 25% equity in each through...
Delhi Chief Minister and Finance Minister Rekha Gupta has allocated Rs 3,942 crore to the Power Department in the Rs 1,03,700 crore Budget for 2026-27, presented on March 24, 2026. The budget positions itself as Delhi’s first Green Budget, with...
Power Grid Corporation of India (PGCIL) has increased its capital expenditure (capex) guidance for FY26 to Rs 35,000 crore and has already surpassed the target, reporting actual capex of Rs 35,540 crore as of March 22, 2026, or about 102% of the...
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The Maharashtra state cabinet has approved a restructuring of Maharashtra State Electricity...
Jakson Green Ltd’s consortium partner Ocior Energy has signed a green ammonia supply agreement with...
Om Power Transmission, an engineering, procurement and construction (EPC) company in power...
Prostarm Info Systems Limited has signed a memorandum of understanding (MoU) with Shenzhen Topband...
The Ministry of New and Renewable Energy (MNRE) has directed that only the Solar Energy Corporation...
Solar power combined with battery storage can supply up to 90% of India’s electricity demand at a...
India’s energy transition is being increasingly driven by debt markets, with renewable energy...
The Competition Commission of India has approved the proposed acquisition of 100% equity shares and...
REC Limited has appointed Rajiv Ranjan Jha as the Nominee Director of Power Finance Corporation...
Clean Max Enviro Energy Solutions Limited has commissioned a 185 MW wind-solar hybrid renewable...