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Alpex Solar secures Rs 450 million order for solar water pumps

Alpex Solar has won a Rs 450 million order from Maharashtra State Electricity Distribution Company Limited (MSEDCL) to supply 2,000 solar-powered water pumps under the Magel Tyala Saur Krushi Pump scheme.  The pumps will be manufactured at Alpex...

Dynolt Technologies and Credit Fair secure funding to drive clean energy

Dynolt Technologies has raised $1.7 million in a seed funding round led by Transition VC, with additional investment from angel investor Yashowardhan Shah.  The funding will be used to expand its high-power charger product line using wide bandgap...

Shakti Pumps invests Rs 390 million in EV mobility subsidiary

Shakti Pumps Limited has invested Rs 390 million in its wholly owned subsidiary, Shakti Electric Vehicle (EV) Mobility Private Limited, by subscribing to 4 million equity shares of face value Rs 10 each.  The subsidiary will focus on manufacturing...

MHI signs agreement with Reliance for 10 GWh ACC capacity

The Ministry of Heavy Industries (MHI) has signed a Programme Agreement with Reliance New Energy Battery Limited, a subsidiary of Reliance Industries Limited, under the Production Linked Incentive (PLI) Scheme for Advanced Chemistry Cell (ACC). ...

MoP issues draft guidelines for Renewable Energy Implementing Agencies designation

The Ministry of Power (MoP) has released draft guidelines for designating companies as Renewable Energy Implementing Agencies (REIA) to accelerate renewable energy development under the tariff-based competitive bidding (TBCB) framework. REIAs will...

AHAsolar secures NEEPCO contract for floating solar project studies

AHAsolar Technologies Limited has won a contract worth Rs 2.95 million from North Eastern Electric Power Corporation Limited (NEEPCO) for preparing pre-feasibility reports (PFRs) and detailed project reports (DPRs) for five floating solar projects...

Assam Cabinet approves Clean Energy Policy

The Assam Cabinet has approved the Assam Integrated Clean Energy Policy, 2025, aiming to establish the state as a renewable energy hub. The policy promotes solar, wind, mini and small hydro projects, pumped storage solutions, battery energy storage...

Karnataka signs MoU with Paschim Renewables for 30 MW solar project

The Government of Karnataka (GoK) has signed a Memorandum of Understanding (MoU) with Paschim Renewables Private Limited (PRPL) to develop a 30 MW solar power project in Raichur district.  The project, expected to be completed in 2025, will require...

POWERGRID wins LoI for two inter-state transmission projects

On February 17, 2025, Power Grid Corporation of India Limited (POWERGRID) received the Letter of Intent (LoI) for two inter-state transmission projects under the Build, Own, Operate, and Transfer (BOOT) model. These include: Transmission Scheme for...

AETL signs MoU to set up green hydrogen plant in Haryana

Advait Energy Transitions Limited (AETL), previously known as Advait Infratech Limited, has signed a memorandum of understanding (MoU) with Haryana City Gas Distribution (Bhiwadi) Limited to establish a 2,000 metric tonnes per annum (MTPA) green...

EESL partners with DVC to drive energy efficiency

Energy Efficiency Services Limited (EESL) has signed a memorandum of understanding (MoU) with Damodar Valley Corporation (DVC) to enhance energy efficiency and clean energy adoption.  The collaboration aims to implement energy efficiency programs...

NHPC to invest Rs 840 billion in 20 GW pumped storage project

NHPC Ltd, a state-owned hydropower company, has announced a major investment of Rs 840 billion to develop 20 GW of pumped storage capacity.  This project is part of a larger capital expenditure plan estimated at Rs 12,000 billion, with most...

India and Sri Lanka discuss strengthening cooperation in mineral resources

Union Minister of State for Coal and Mines, Shri Satish Chandra Dubey, met Sri Lanka’s Minister of Industry, Shri Sunil Handunnetti, in New Delhi. They focused on boosting bilateral cooperation in mineral exploration, particularly in securing...

Tata Power and ONGC sign MoU to explore BESS

Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power Company Limited, has signed a non-binding Memorandum of Understanding (MoU) with Oil and Natural Gas Corporation Limited (ONGC) to explore joint opportunities in the Battery...

ArcelorMittal commissions 661 MW solar project in Andhra Pradesh

ArcelorMittal Nippon Steel India Limited (AMNS) has commissioned a 661 MW (925 MWp) solar power project in Kurnool, Andhra Pradesh.  The project is part of “Project Trinity,” a 975 MW wind-solar hybrid initiative that includes 661 MW of...

Sterlite commissions Nangalbibra-Bongaigaon Transmission Project

Sterlite Power has announced the commissioning of the Nangalbibra─Bongaigaon Inter-State Power Transmission Project.  The project was implemented under a tariff-based competitive bidding (TBCB) process on a build, own, operate, and maintain (BOOM)...

Reliance Industries acquires 100% stake in Lakadia B Power Transmission

Reliance Industries Ltd (RIL) has formally acquired a 100% equity stake in Lakadia B Power Transmission Limited (LPTL), a special purpose vehicle (SPV) established for the development of the transmission system for the Augmentation of Transformation...

BHEL wins Rs 67 billion contract for Singareni Stage-II project

Bharat Heavy Electricals Limited (BHEL) has received a Letter of Intent (LOI) worth Rs 67 billion from Singareni Collieries Company Limited (SCCL) for the engineering, procurement, and construction (EPC) package of the 1×800 MW Singareni...

BPCL partners with Eco Wave and NSI for wave energy and bioethanol projects

Bharat Petroleum Corporation Limited (BPCL) has signed a Memorandum of Understanding (MoU) with Eco Wave Power Global AB to develop wave energy-based renewable power projects across India. Both companies will conduct a feasibility study to assess the...

PFC, Gensol, KPIL report income growth in Q3 FY25

Power Finance Corporation Limited (PFC) reported a net profit of Rs 77.6 billion for the quarter ending December 2024, marking a 23.29 per cent increase from Rs 62.94 billion in the same quarter last year. The company’s total income grew by 13.69 per...

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