News Subsections

APAR approves US capital infusion and Gujarat RE investment

APAR Industries Limited has approved two investment proposals at its board meeting held on March 18, 2026, covering capital infusion into its United States subsidiary and expansion of captive renewable capacity in Gujarat through an associate entity...

Websol raises Rs 48 crore via promoter warrant conversion

Websol Energy System Limited has completed a promoter-led capital raise of Rs 48.09 crore through the conversion of previously issued warrants into equity shares. The allotment was approved at a board meeting held on March 13, 2026. The shares were...

Sunsure Energy raises Rs 606 crore debt, adds RBL Bank as lender

Sunsure Energy has secured Rs 606.22 crore in debt financing for solar projects across Maharashtra and Uttar Pradesh, with RBL Bank entering as a new lender alongside existing financier Aseem Infrastructure Finance Limited. RBL Bank has extended Rs...

CleanMax reports 33% EBITDA growth, crosses 3 GW capacity

CleanMax Enviro Energy Solutions Limited reported consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) of Rs 945 crore for the first nine months of FY26, a 33% increase from Rs 709 crore in the same period last year. The...

ReNew’s C&I arm raises USD 95 million equity

ReNew Green Energy Solutions, the commercial and industrial (C&I) clean energy arm of ReNew Energy Global, has raised USD 95 million in an equity funding round. The transaction was led by LeapFrog Investments with a USD 50 million commitment...

PFC approves Rs 1.6 lakh crore borrowing plan, closes GIPCL

Power Finance Corporation Limited (PFC) has approved a borrowing programme of up to Rs 1,60,000 crore for FY2026-27 at its board meeting held on March 17, 2026. The board also approved closure of an 18-year-old project subsidiary that did not...

NCLT approves Inox Green Energy’s power evacuation business demerger

The National Company Law Tribunal (NCLT), Ahmedabad Bench, has approved the demerger of the Power Evacuation Business of Inox Green Energy Services Limited (IGESL) into Inox Renewable Solutions Limited (IRSL). The order was pronounced on March 13...

Coal India subsidiary CMPDIL files RHP for IPO

Coal India Limited (CIL) has informed stock exchanges that Central Mine Planning and Design Institute Limited (CMPDIL), its wholly owned subsidiary, filed a Red Herring Prospectus (RHP) dated March 12, 2026 with the Securities and Exchange Board of...

ABB to invest $75 million in India to expand manufacturing and R&D

Swiss-Swedish electrification and automation company ABB has announced plans to invest about $75 million in India in 2026 to expand manufacturing capacity and research infrastructure across multiple locations. The investment, disclosed in a filing to...

Cricket stars Suryakumar Yadav, Tilak Varma invest in solar firm TRUZON

T20 World Cup-winning captain Suryakumar Yadav and cricketer Tilak Varma have taken strategic stakes in TRUZON Solar, a Hyderabad-based solar solutions provider operating under Suntek Energy Systems Pvt. Ltd. The company said the investment adds to...

Bank of Baroda launches India’s first domestic green infrastructure bond

Bank of Baroda has raised Rs 10,000 crore through the issuance of green infrastructure bonds in the domestic market, becoming the first Indian bank to undertake such an issuance. The bonds are aimed at financing renewable energy and other eligible...

POWERGRID board approves Rs 5,000 crore fund raise, CTUIL divestment plan

The Board of Directors of Power Grid Corporation of India Limited (POWERGRID) has approved several decisions during its meeting held on March 9, 2026, including a fund raising plan, investment in cybersecurity infrastructure, and an in-principle...

SEBI approves IPO for Eastman Auto and Power

Eastman Auto and Power Limited (EAPL) has received approval from the Securities and Exchange Board of India (SEBI) for its proposed initial public offering (IPO). The development marks a key step for the diversified energy solutions manufacturer...

Karnataka budget 2026-27 allocates funds for BESS, solar and power subsidies

The Government of Karnataka has presented the state budget for 2026-27, outlining measures focused on power sector infrastructure, renewable energy expansion, and continued electricity subsidy support for farmers and households. Over the past three...

Sterling and Wilson liquidates Kazakhstan subsidiary

Sterling and Wilson Renewable Energy Limited has disclosed the liquidation of Sterling and Wilson Kazakhstan LLP, effective March 2, 2026. The company received the formal liquidation order on March 6, 2026. Sterling and Wilson Kazakhstan LLP operated...

Premier Energies completes 51% stake acquisition in HeliosAnthos Energies

Premier Energies Limited has completed the acquisition of equity shares in HeliosAnthos Energies Private Limited, following its investment to establish a joint venture with BA Prerna Renewables Private Limited. The company acquired 1,045,550 equity...

IEX electricity trade rises 30.4% YoY in February 2026

The Indian Energy Exchange Limited (IEX) reported a 30.4% year-on-year increase in electricity trading volumes for February 2026, with total traded volume reaching 12,550 million units (MU). The exchange also recorded a decline of more than 18% in...

Tamil Nadu interim budget allocates Rs 18,091 crore for energy sector

The Tamil Nadu government has presented the interim budget 2026-2027, seeking a total net expenditure of Rs 18,090.63 crore for the Energy Department. Under major head 2801 (Power), the state has estimated net expenditure of Rs 24,661.23 crore for...

US duty triggers sell-off in Indian solar stocks

Indian solar stocks declined sharply on February 25, 2026 after the US Commerce Department imposed a preliminary countervailing duty (CVD) of 125.87% on solar cell and module imports from India. Following the announcement, manufacturers including...

MSEDCL plans December 2026 IPO after agriculture demerger

Maharashtra State Electricity Distribution Company Ltd (MSEDCL) plans to launch its initial public offering (IPO) by December 2026 after carving out its agricultural load into a separate entity from April 1, 2026, Managing Director (MD) Lokesh...

Monthly Magazine

Subscribe To Our Newsletter

Loading

Recent Posts

Maharashtra notifies RE and storage policy with 65% target by FY36

The Government of Maharashtra has notified the Maharashtra Renewable Energy and Energy Storage...

Cabinet clears Rs 2,584.60 crore small hydro scheme for 1,500 MW

The Union Cabinet has approved a Small Hydro Power Development Scheme for FY 2026-27 to FY 2030-31...

PVUNL synchronises Unit-2 of 800 MW Patratu plant

Patratu Vidyut Utpadan Nigam Limited (PVUNL) has synchronised Unit-2, an 800 MW unit of the Patratu...

NCT clears Rs 839.55 crore transmission scheme for Sunni and Luhri HEPs

The National Committee on Transmission (NCT) has recommended implementation of the transmission...

Crisil flags curtailment risk for 35 GW renewable capacity

Over 35 GW of renewable energy capacity in India faces a high risk of grid curtailment in the...

Solarium commissions 1 GW solar module plant in Gujarat

Solarium Green Energy Limited has commissioned a 1 GW solar module manufacturing facility in...

Waaree signs principal partnership with Rajasthan Royals

Waaree Energies Limited has entered into a partnership with Rajasthan Royals as the Main Principal...

APAR approves US capital infusion and Gujarat RE investment

APAR Industries Limited has approved two investment proposals at its board meeting held on March 18...

NTPC Green commissions 165 MW at Khavda-II solar project

NTPC Green Energy Limited has declared commercial operation of a 165 MW capacity at the Khavda-II...

Websol raises Rs 48 crore via promoter warrant conversion

Websol Energy System Limited has completed a promoter-led capital raise of Rs 48.09 crore through...