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IEX Q2 FY26 sees higher electricity volumes, lower prices

Indian Energy Exchange (IEX) recorded electricity traded volume of 35,217 MU (excluding TRAS) in Q2 FY26, up 16.1% year-on-year. TRAS volumes rose to 603 MU from 16.9 MU in Q2 FY25. Renewable Energy Certificate (REC) trading declined 30% to 44.22...

SECI invites bids to prepare DPRs for green hydrogen hubs

The Solar Energy Corporation of India Limited (SECI) has invited proposals to select an agency for preparing Detailed Project Reports (DPRs) for Green Hydrogen Hubs under the National Green Hydrogen Mission. The call for proposals, dated September...

NCRTC adds new power draw point at Muradnagar

The National Capital Region Transport Corporation (NCRTC) has added a second draw point at the Muradnagar receiving substation to expand its electricity procurement through Power Exchange India Limited. The move is part of its arrangement with PTC...

Sterlite Electric files DRHP with SEBI for IPO

Sterlite Electric Limited, formerly known as Sterlite Power Transmission Limited, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). The IPO will consist of a...

IREDA reports 86 per cent growth in loan sanctions in H1 FY 2025-26

Indian Renewable Energy Development Agency Limited (IREDA) has reported strong growth in its key business indicators for the half year ended September 30, 2025, based on provisional data. Loan sanctions rose by 86 per cent to Rs 331.48 billion in H1...

Rays Power Infra files DRHP with SEBI to raise Rs 11.5 billion

Rays Power Infra has submitted its draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) to raise up to Rs 11.5 billion through an initial public offering (IPO). The IPO will comprise a fresh equity issue of Rs 9...

NTPC clears Rs 2,444 crore for NEEPCO projects, waste-to-charcoal facilities

NTPC Limited has announced that its Board of Directors, in a meeting held on September 26, 2025, approved an equity infusion of up to Rs 2,444.39 crore in North Eastern Electric Power Corporation Limited (NEEPCO), a wholly owned subsidiary. The funds...

Tata Power and Bank of Baroda sign MoU to finance solar projects

Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, has signed a Memorandum of Understanding (MoU) with Bank of Baroda to provide financing solutions for micro, small and medium enterprises (MSMEs) and commercial and industrial...

Waaree acquires 76% stake in Racemosa Energy for Rs 53 crore

Waaree Energies Limited has announced that its wholly owned subsidiary, Waaree Power Private Limited (WPPL), has signed a definitive share subscription and shareholders’ agreement to acquire a 76 per cent stake in Racemosa Energy (India) Private...

Waaree Forever incorporates new subsidiary

Waaree Forever Energies Private Limited, a wholly-owned unit of Waaree Energies Limited, has incorporated Waaree Forever Energies Three Private Limited.  The incorporation took place on September 24, 2025, and the certificate of incorporation was...

Continuum Green acquires full control from CEIL ahead of IPO

Continuum Green Energy Holdings will acquire the remaining 26% stake in Continuum Green Energy from Clean Energy Investing (CEIL), giving it full ownership ahead of a planned initial public offering (IPO). The share purchase agreement was signed on...

CESC board approves Rs 300 crore NCD issuance

CESC Limited will raise Rs 300 crore through 30,000 non-convertible debentures (NCDs) via private placement. Each debenture has a face value of Rs 1 lakh, is senior, secured, rated, unlisted, and carries a three-year tenure. The NCDs will offer a...

Solarworld Energy Solutions opens Rs 4.9 billion IPO

Solarworld Energy Solutions Limited launched its initial public offering (IPO) of equity shares on September 23, 2025. The issue totals up to Rs 4.9 billion, including a fresh issue of Rs 4.4 billion and an offer for sale of Rs 0.5 billion by...

Waaree Power to acquire 76% stake in Racemosa Energy

Waaree Power Private Limited, a subsidiary of Waaree Energies Limited, has approved the acquisition of a 76 per cent equity stake in Racemosa Energy (India) Private Limited.  The deal is subject to definitive agreements, regulatory clearances, and...

ACME Solar secures Rs 1,100 crore refinancing for Rajasthan project

ACME Solar Holdings Limited has arranged Rs 1,100 crore for refinancing debt for a 300 MW renewable energy project in Rajasthan and lowering borrowing costs by about 100 basis points. The project has been operational for six months and has maintained...

Jakson Group to invest Rs 1 billion in distributed energy by FY26

Jakson Group will invest Rs 1 billion in its distributed energy business by 2025-26 to expand capacity and meet rising demand for backup and sustainable power. The company, which earns most of its revenue from diesel generators, is diversifying into...

SEBI closes Adani Power probe; Morgan Stanley sees 30 per cent upside

The Securities and Exchange Board of India (SEBI) has closed its inquiry into Adani Power Limited and other Adani Group firms without penalty, concluding that allegations of irregular loan transactions were not established. The case originated from...

Emmvee Photovoltaic gets SEBI approval for Rs 30 billion IPO

Emmvee Photovoltaic Power Limited has received clearance from the Securities and Exchange Board of India (SEBI) to proceed with its initial public offering (IPO). The company filed preliminary documents with SEBI in July 2025, seeking to raise Rs 30...

KPI Green raises Rs 670 crore through India’s first externally credit-enhanced green bond

KPI Green Energy Limited has issued India’s first externally credit-enhanced green bond on the National Stock Exchange, raising Rs 6.70 billion. The five-year bond carries an annual coupon of 8.5 per cent and has been rated AA+ by both CRISIL and...

Waaree Energies to sell 14.66% stake in Indosolar through OFS

Waaree Energies Limited plans to divest up to 6.1 million equity shares of Indosolar Limited, equal to 14.66 per cent of the company’s paid-up capital, through an Offer for Sale (OFS) on the stock exchanges. The share sale will be available to...

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IEX Q1 electricity trade rises 16% to 37.5 BU amid higher power demand

Indian Energy Exchange (IEX) traded 37,534 MU (37.5 BU) of electricity during the first quarter (Q1)...