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SWELECT Energy to raise Rs 1.38 billion through NCDs
SWELECT Energy Systems has announced plans to raise Rs 1.38 billion through the issuance of 1,385 non-convertible debentures (NCDs) with a face value of Rs 1 million each via private placement. These secured, unlisted, rated, redeemable, non-cumulative, taxable NCDs will carry a 12.5-year tenure and an average interest rate of 9.5%. The funds raised will…
DPIIT signs MoU with Ather Energy to support EV startups
The Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce and Industry, has signed a Memorandum of Understanding (MoU) with Ather Energy Limited. The partnership is part of the Build in Bharat initiative, led by the Startup Policy Forum (SPF), a coalition of over 50 startups focused on innovation and…
Apex Clean Energy and NYSERDA make REC agreement for Heritage Wind
Apex Clean Energy has entered a renewable energy certificate (REC) purchase agreement with the New York State Energy Research and Development Authority (NYSERDA) for the Heritage Wind project. Located in Barre, Orleans County, New York, the 173.6MW project supports the state’s goal of a carbon-free electricity grid by 2040. Heritage Wind, set to power 32,000…
RMC Switchgears reports 26.4% revenue growth in FY26
RMC Switchgears Limited reported consolidated revenue from operations of Rs 401.59 crore for the financial year ended March 31, 2026, registering a year-on-year growth of 26.40%, according to a stock exchange filing. The company recorded consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) of Rs 47.10 crore during FY26, while profit after tax (PAT)…
Interview with Satyen Mamtora: Ester oil, ultra-high voltage and TARIL’s next transformer shifts
Transformers and Rectifiers (India) Limited (TARIL) has doubled its transformer manufacturing capacity to 33,000 MVA over the past two years and is now targeting 75,000 MVA, alongside expanding into high-value segments such as high-voltage direct current (HVDC), ultra-high-voltage systems and export markets across more than 40 countries. The company recently secured a landmark HVDC transformer…
Masdar and partners to develop 1GW wind farm with battery storage in Kazakhstan
Masdar has signed an investment agreement with W Solar, Qazaq Green Power, and the Kazakhstan Investment Development Fund to develop a 1 GW wind farm in Kazakhstan’s Jambyl region, marking Masdar’s first project in the country. The project includes a 600 MWh battery storage system to enhance grid stability. Construction of the wind facility is…
