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Indosolar reports Rs 68.36 crore revenue in Q1 amid business shift
Indosolar Limited, a subsidiary of Waaree Energies Limited, reported revenue from operations of Rs 68.36 crore for the quarter ended June 30, 2026, compared with Rs 194.68 crore in the corresponding quarter of the previous year. The company said the 64.89% year-on-year decline in revenue was primarily due to a transition in its business model,…
India revises FDI rules for land-bordering countries, easing minority investment
India’s Union Cabinet has approved an amendment to Press Note 3 of 2020, which requires government approval for investments from countries sharing a land border with India. The revision introduces a 10% beneficial ownership threshold below which investors from these countries can invest through the automatic route without prior clearance. For the power sector, the…
Maharashtra approves renewable energy and storage policy 2025-2035
The Maharashtra state cabinet has approved the Maharashtra Renewable Energy and Energy Storage Policy 2025-2035, establishing a framework to integrate energy storage with renewable generation to manage intermittency and strengthen grid reliability. The policy introduces Battery Energy Storage Systems (BESS) capable of storing generated energy for up to four hours for later use. The measure…
Government cancels auction of 11 critical mineral blocks
The government has annulled the auction of 11 critical mineral blocks in the fourth round due to a weak response from bidders. Four blocks, including tungsten and glauconite located in Chhattisgarh and Arunachal Pradesh, attracted no bids, while the remaining seven received fewer than three technically qualified bidders, leading to the cancellation of the auction…
Bank of Baroda launches India’s first domestic green infrastructure bond
Bank of Baroda has raised Rs 10,000 crore through the issuance of green infrastructure bonds in the domestic market, becoming the first Indian bank to undertake such an issuance. The bonds are aimed at financing renewable energy and other eligible sustainable infrastructure projects. The bank issued Series I Long-Term Green Infrastructure Bonds with a tenure…
Zelestra locks €146.6m to build six solar projects in Spain
Zelestra has secured €146.6 million in green financing to build six solar photovoltaic (PV) projects in Spain. The projects will form two clusters—Belinchón and Brazatortas—adding a combined capacity of 237 megawatt direct current (MWdc). The financing package covers 21 power purchase agreements (PPAs). BNP Paribas and Rabobank led the arrangement. Both acted as mandated lead…
