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CleanMax reports 33% EBITDA growth, crosses 3 GW capacity
CleanMax Enviro Energy Solutions Limited reported consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) of Rs 945 crore for the first nine months of FY26, a 33% increase from Rs 709 crore in the same period last year. The company also crossed 3 GW of commissioned capacity, alongside announcing a board change and a…
StarlinePS enters solar cell manufacturing with Rs 160 crore stake in Celloraa Energy
StarlinePS Enterprises Limited has approved the acquisition of a 50% stake in Celloraa Energy Private Limited, a solar cell manufacturing company, for a total cash consideration of Rs 160 crore. The approval was granted by the company’s Board of Directors. Under the transaction, StarlinePS will acquire 25,000 equity shares of Celloraa Energy at Rs 64,000…
Waaree group adds eight IPP-focused step-down subsidiaries
Waaree Energies Limited has informed the stock exchanges about the incorporation of eight wholly owned subsidiaries by its step-down subsidiary, Waaree Forever Energies Private Limited (WFEPL). The new entities have been created to hold specific independent power producer (IPP) projects. In its regulatory disclosure, the company stated that WFEPL, a wholly owned subsidiary of Waaree…
ABB to acquire Gamesa Electric’s power electronics business in Spain
ABB has signed an agreement to acquire the power electronics business of Gamesa Electric in Spain from Siemens Gamesa. This acquisition will strengthen ABB’s position in the growing market for high-powered renewable power conversion technology. The acquired portfolio includes Doubly-fed induction generator (DFIG) wind converters, industrial battery energy storage systems (BESS), and utility-scale solar power…
Sun Petrochemicals to invest in pumped storage hydro projects in Telangana
Sun Petrochemicals has signed a memorandum of understanding (MoU) with the Telangana government to develop pumped storage hydro power projects in Nagarkurnool, Mancherial, and Mulugu districts. The project involves an investment of Rs 450 billion and is expected to create 7,000 jobs. The initiative will integrate solar power plants with a capacity of 5,440 MW….
EDF India and Actis form JV to develop smart metering infrastructure
EDF India and Actis have formed a joint venture (JV) to develop and operate an advanced metering infrastructure service provider (AMISP) platform in India. The initiative aims to enhance operational efficiency, reduce losses, and improve financial sustainability for power distribution companies. EDF India, a subsidiary of Électricité de France (EDF), has been active in India’s…
