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GUVNL awards 335 MW BESS tender to three bidders
Gujarat Urja Vikas Nigam Limited (GUVNL) has awarded its 335 MW/670 MWh standalone battery energy storage system (BESS) tender to three bidders.  Advait Energy Transitions Limited secured 150 MW at the L1 tariff of Rs 2.10 lakh per MW per month. Equentia Natural Resources Pte Ltd was awarded 65 MW at Rs 2.12 lakh per…
KPI Green begins 2026 with BESS award and early hybrid project commissioning
KPI Green Energy Limited has begun 2026 with multiple developments, including securing its first large Battery Energy Storage System project and commissioning a major hybrid project ahead of schedule in Gujarat. The updates were shared through regulatory filings made between 01 January and 03 January 2026. In its latest filing, KPI Green stated that its…
Voltamp Transformers FY26 revenue hits record Rs 2,153.69 crore
Voltamp Transformers Limited reported its highest-ever annual revenue for the financial year ended March 31, 2026, while profitability declined due to margin pressures and one-time provisions in the fourth quarter. Revenue from operations rose 11.34% year-on-year (YoY) to Rs 2,153.69 crore. Full-year operating profit stood at Rs 344.21 crore, down 3% from Rs 356.11 crore…
Oil India and IREL sign MoU for critical minerals development
Oil India Ltd (OIL) and IREL (India) Limited have signed a Memorandum of Understanding to jointly explore and develop rare earth and critical minerals. The agreement was signed in Mumbai on August 7, 2025. OIL, under the Ministry of Petroleum and Natural Gas, is diversifying beyond oil and gas into critical minerals. IREL, operating under…
Ceigall India signs PPAs for 337 MW solar projects in Maharashtra
Ceigall India Limited has executed power purchase agreements (PPAs) with Maharashtra State Electricity Distribution Company Limited (MSEDCL) for a total solar capacity of 337 MW under the Mukhyamantri Saur Krushi Vahini Yojana 2.0. The agreements were signed on March 24, 2026. Its wholly owned subsidiaries, Ceigall Green Energy MH1 Limited and Ceigall Green Energy MH2…
REC to finance pumped storage projects in Kerala
REC Limited has signed a memorandum of understanding (MoU) with the Energy Management Centre (EMC), Government of Kerala, to finance pumped storage projects (PSPs) in the state over the next five years. The investment, estimated at Rs 183.6 billion, aims to enhance grid stability and facilitate the integration of renewable energy. The PSPs will play…
