Serentica Renewables, backed by KKR, has signed a binding agreement to acquire the Indian solar business of Norway-based Statkraft. The deal value was not disclosed, but sources estimate the enterprise value at around Rs 2,000 crore. The acquisition...
Transrail Lighting Ltd has announced fresh orders worth Rs 421 crore, including a major transmission line contract in a new African country. With these additions, the company’s order inflows for FY26 have crossed Rs 3,500 crore as of August 2025...
The Indian Renewable Energy Development Agency (IREDA) has mobilised Rs 4.53 billion through its second perpetual bond issue at a coupon rate of 7.70 percent per annum. The issue received bids worth Rs 13.43 billion against the base size of Rs 1...
SnapE Cabs has secured $2.5 million in a bridge deck funding round led by Inflection Point Ventures. The company will use the capital for operational expenses, leasing electric vehicles, and product development. The company became EBITDA positive in...
Vikram Solar Limited has reported revenue of Rs 11.33 billion for the first quarter of FY 2025-26, ending June 30, 2025. This reflects a 79.7 per cent increase from Rs 6.30 billion in the same period last year. Earnings before interest, taxes...
ACME Venus Urja Private Limited, a subsidiary of ACME Solar Holdings Limited, has arranged long-term financing of Rs 3,892 crore from State Bank of India for a 400 MW firm and dispatchable renewable energy project in Barmer, Rajasthan. The loan will...
GREW Solar has raised Rs 3 billion from a group of investors, including Vijay Kedia and Rohit Kothari of GeeCee Holdings. The company will direct the capital towards product development, technology upgrades, and business expansion. GREW Solar...
Indian Energy Exchange (IEX) traded 11,803 million units (MU) of electricity in August 2025, up 18.9 per cent year-on-year. The month also saw 21.68 lakh Renewable Energy Certificates (RECs) traded. National energy use stood at 150.47 billion units...
The Adani Group has announced plans to invest about $60 billion in India’s power sector by FY32, with major allocations across renewable energy, thermal power, and transmission and distribution. In an investor presentation, the group detailed that...
Offgrid Energy Labs, based in Noida, has raised $15 million in a Series A round led by Archean Chemicals Industries Ltd, with existing investor Ankur Capital also participating. The startup, which develops zinc bromine gel batteries, had earlier...
GK Energy Ltd, a solar-powered agricultural water pump systems provider, has raised Rs 100 crore in a pre-initial public offering (IPO) funding round. The investment came from Valuequest, 360 One (formerly IIFL Wealth), and Kotak AIF, among others...
National Aluminium Company (Nalco) has outlined an investment of about Rs 300 billion over the next five years to establish a new aluminium smelter along with a coal-based power plant. The company has allocated around Rs 170–180 billion for the...
State Bank of India (SBI) has signed a €100 million Line of Credit agreement with Agence Française de Développement (AFD) at its GIFT City branch on August 30, 2025. The financing will support green projects in the country. According to SBI, the...
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NTPC Renewable Energy Limited (NTPC REL), a wholly owned subsidiary of NTPC Green Energy Limited...
Assam’s transmission network set for upgrade with six new projects Assam Electricity Grid...
Quality Power Electrical Equipments Limited has announced that its material step-down subsidiary...
Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited, has...
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India’s energy sector is going through a major transformation, driven by the powerful...
STEAG Energy Services (India) Private Limited, a wholly-owned step-down subsidiary of Bluspring...
ACME Cleantech Solutions Private Limited (ACME Group) has signed long-term offtake agreements with...
Indian Energy Exchange (IEX) traded 37,534 MU (37.5 BU) of electricity during the first quarter (Q1)...