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Alpex Solar raises Rs 2.6 billion to expand module manufacturing capacity
Alpex Solar Limited has raised about Rs 2.6 billion through a preferential issue of 21,46,600 equity shares and warrants. The company said the funds will be directed toward scaling up its module manufacturing capacity and progressing toward integrated solar cell and module production. The preferential issue drew interest from several institutional investors and funds, including…
KEC International, Power Grid, Reliance Power, Solarworld report Q3 FY26 results
KEC International Limited, Power Grid Corporation of India Limited, Reliance Power Limited, and Solarworld Energy Solutions Limited have announced their financial results for the third quarter of FY26 and the nine month period ended December 31, 2025. KEC International reported higher consolidated revenue and improved operating profitability during the quarter, while reported profit after tax…
GAIL signs pact for 600 MW solar project with BESS in Jhansi
GAIL (India) Limited has signed contract agreements with TUSCO Limited for developing a 600 MW solar power project at TUSCO’s Solar Park in Jhansi, Uttar Pradesh. The agreements were executed on April 15, 2026, in the presence of senior officials from GAIL, TUSCO, and THDC India Limited. The project will include a 550 MWh Battery…
World Bank launches program to decarbonise East Asia-Pacific power sector
The World Bank has announced a $2.5 billion initiative to help East Asia and Pacific countries decarbonise their power sectors, with a focus on scaling up renewable energy. The program will be implemented through the Multiphase Programmatic Approach (MPA), launched in 2024. The MPA provides financing from IDA and IBRD to support policy development, strengthen…
Voltamp Transformers begins construction of new Gujarat plant
 Voltamp Transformers Ltd has commenced construction of its new power transformer manufacturing facility at Jarod in Vadodara district, Gujarat. The company has completed all land acquisition formalities and initiated work on the factory building. The facility aims to address rising demand in the transformer market over the next 7–10 years. In its first phase,…
Uttar Pradesh climbs to third spot under PM Surya Ghar scheme
Uttar Pradesh has moved to the third position nationally under the PM Surya Ghar Muft Bijli Yojana (PMSGMBY), with rooftop solar installations nearing 4.7 lakh and a daily addition rate exceeding 3,000 systems, as per a review chaired by Ministry of New and Renewable Energy (MNRE) Mission Director J. V. N. Subramanyam. According to the…
