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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 claims in the Hindenburg Research report published in January 2023. SEBI issued two final orders on September 18,…
Battery storage critical for India’s shift from coal, renewable capacity lags behind
India’s transition to renewable energy is encountering significant obstacles, according to a new report by Zero Carbon Analytics, as the country strives to meet its ambitious target of 500 GW of non-fossil fuel capacity by the early 2030s. Although renewable energy investment reached USD 12.4 billion in 2023, it is far from the USD 200…
Hazoor and KPI Green bag EPC deals for solar projects in Khavda
Hazoor Multi Projects Limited (HMPL) has secured an EPC contract worth Rs 9,130 million from Apollo Green Energy Limited. The contract is for the 200 MW Khavda Solar PV Project – Phase XVII (NHPC) in Gujarat. The Letter of Award (LoA) was issued on July 4, 2025. Apollo Green had won this project from NHPC…
Inox Solar signs Rs 70 billion supply deal with China’s LONGi
Inox Solar Limited has signed a supply agreement with China’s LONGi Green Energy Technology Corporation Limited for 5 GW of solar modules, valued at about Rs 70 billion, to be delivered over the next three years. Under the agreement, LONGi will source solar modules from Inox Solar for use in the Indian market. The partnership…
Four major Chinese solar wafer makers raise prices
Four leading solar wafer manufacturers announced a price increase on the afternoon of December 25, raising prices across key wafer sizes and lifting the average market level by about 12 per cent. Analysts link the change to higher raw material costs and continued tightness in parts of the photovoltaic (PV) supply chain. In their coordinated…
Adani Power wins LoA for 800 MW thermal project in Madhya Pradesh
Adani Power Limited has received a Letter of Award (LoA) from MP Power Management Company Limited (MPPMCL) to supply power from a proposed 800 MW ultra-supercritical thermal project in Anuppur district, Madhya Pradesh. The company disclosed the development to stock exchanges on August 29, 2025, under Regulation 30 of the SEBI (Listing Obligations and Disclosure…
