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Project Development Update: January 27, 2025
THDC declares commercial operation of Unit-1 at 1,320 MW Khurja thermal plant THDC India Limited (THDCIL) has declared the commercial operation date (COD) for Unit-1 of the 1,320 MW Khurja Super Thermal Power Plant (KSTPP) on January 25, 2025. The Khurja STPS is an under-construction, coal-fired supercritical power plant located in Khurja, Bulandshahr, Uttar Pradesh….
Rayzon Solar secures PV module supply contract for L&T’s projects
Rayzon Solar has won a contract to supply 216 MW of high-efficiency photovoltaic (PV) modules to Larsen & Toubro (L&T) for three solar projects across India. The modules will be integral to L&T’s floating solar projects at Panchet and Ramagundam, as well as a ground-based solar project in Bihar.
Q1 FY26 results: PowerGrid, Tata Power, Coal India, Adani Power, ABB India
Power Grid Corporation of India (PGCIL) reported a 2.5 per cent fall in net profit to Rs 3,630.58 crore. Revenue rose 2 per cent to Rs 11,196 crore. Net profit margin slipped to 32 per cent from 34 per cent. Operating margin was stable at 85 per cent. Segment-wise, consultancy revenue grew 120 per cent…
Exide invests Rs 50 crore more in lithium ion arm EESL
Exide Industries Limited has infused an additional Rs 50 crore into its wholly owned subsidiary, Exide Energy Solutions Limited (EESL). The investment, completed on January 28, 2026, takes Exide’s total exposure in the lithium ion battery business to Rs. 4,252.23 crore. The company invested in a rights issue, subscribing to 1.25 million equity shares at…
Vikran Engineering sets up solar SPV for NTPC project, extends Rs 49.15 crore loan
Vikran Engineering Limited has taken key corporate steps to support its renewable energy execution plans, including the incorporation of a project specific subsidiary for a large solar contract and the extension of an inter corporate loan. In regulatory filings dated February 3, 2026, the company said it incorporated a wholly owned special purpose vehicle, Vikran…
Emeren and Arpinge partner on 300MW battery storage portfolio in Italy
US-based Emeren Group has entered a co-development agreement with Arpinge to establish a 300MW battery energy storage system (BESS) portfolio in southern Italy, bolstering Emeren’s presence in the Italian BESS market where it already has 1.37GW in its permitting pipeline. This partnership with Arpinge, a permanent capital vehicle backed by Italian pension funds, aligns with…
