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IEX electricity trade rises 18.9% in August 2025

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...

Adani Group outlines $60 billion investment plan for India’s power sector

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 secures $15 million in Series A funding

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 raises Rs 100 crore in pre-IPO funding

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...

Nalco plans Rs 300 billion investment in new smelter and power plant

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...

SBI signs €100 million line of credit with AFD for green financing

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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Ampere partners Muthoot Capital to expand EV financing across India

Ampere, the electric two-wheeler brand of Greaves Electric Mobility Limited (GEML), has partnered...

L&T Q1 PAT rises 14% to Rs 4,123 crore; order book reaches Rs 778,954 crore

Larsen & Toubro Limited (L&T) reported consolidated Profit After Tax (PAT) of Rs 4,123 crore...

PFCCL incorporates SPV for 5×500 MVA Benachigere transmission project

PFC Consulting Limited (PFCCL), a wholly-owned subsidiary of Power Finance Corporation Limited...

NCT’s new scheme to act as “shock absorber” for northern grid

The National Committee on Transmission (NCT) has approved a Rs 4,378 crore transmission scheme to...

AMPIN Solar ONE rolls out first solar cell from 1.3 GW Odisha plant

AMPIN Solar ONE, the joint venture between AMPIN Energy Transition and Jupiter International...

India has nearly 47 GW BESS capacity under development, Parliament told

India has nearly 47 GW of Battery Energy Storage System (BESS) capacity at various stages of...

Shyam Sel and Power commissions 8.9 MWp solar project in West Bengal

Shyam Sel and Power Limited, a wholly owned subsidiary of Shyam Metals and Energy Limited, has...

Hisun Green commissions 220 kV transmission line for JSW in Maharashtra

Hisun Green Power Private Limited has commissioned the Harali 220 kV Double Circuit Transmission...

Suzlon Q1 net profit falls 6% to Rs 305 crore; revenue rises 22.5%

Suzlon Energy Limited reported a consolidated net profit of Rs 305 crore for the quarter ended June...

Hindalco submits proposal to NPCIL for 220 MW Bharat Small Reactors

Hindalco Industries has submitted a formal proposal to Nuclear Power Corporation of India Limited...