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Om Infra wins Rs 1,998.4 mn contract for Dibang hydropower project

Om Infra Limited has secured a contract worth Rs 1,998.4 million for hydro-mechanical works in the Dibang Multi Purpose Project. The award was finalised on June 25, 2025, following bids invited by NHPC Limited in April 2024. The contract has two...

Bondada Engineering sets up GreenBond RE Park to expand in renewables

Bondada Engineering Limited has incorporated a new wholly owned subsidiary, GreenBond RE Park Private Limited, to strengthen its presence in the renewable energy sector. The new entity was registered on June 24, 2025, with the Ministry of Corporate...

NSE likely to waive transaction charges on electricity futures contracts

The National Stock Exchange (NSE) is likely to waive transaction charges on electricity futures contracts until December 31, 2025.  The move is expected to promote participation in the newly launched electricity derivatives segment, according to...

Aseem Infrastructure secures $80 million green loan from DBS Bank

Aseem Infrastructure Finance Limited (AIFL) has raised its first external commercial borrowing and green loan worth $80 million from DBS Bank Limited. The funds will be used to support renewable energy projects across India. DBS Bank acted as the...

THDC to supply 184 MW power to Gujarat from Tehri pumped storage

THDC India Limited has signed a memorandum of understanding (MoU) and a power purchase agreement with the Government of Gujarat and Gujarat Urja Vikas Nigam Limited (GUVNL). The deal covers the supply of 184.08 MW of clean power from the Tehri pumped...

Toyota Kirloskar and Ohmium to develop green hydrogen solutions in India

Toyota Kirloskar Motor Private Limited (TKM) has signed a memorandum of understanding (MoU) with Ohmium International to explore green hydrogen development opportunities in India.   As part of the collaboration, the two companies will work to...

Fibe launches solar loan solution for middle-income homes in small cities

Fibe has launched a new rooftop solar financing solution aimed at middle-income households, especially in Tier 2 and Tier 3 cities. The digital lending platform is offering collateral-free loans of up to Rs 500,000 for residential rooftop solar...

JSW signs PPA with NHPC for 300 MW hybrid project

Energizent Power Private Limited, a step-down subsidiary of JSW Energy Limited, signed a 25-year power purchase agreement (PPA) with NHPC Limited on June 25, 2025. The agreement covers a 300 MW wind-solar hybrid power project to be developed in...

ACME signs PPA with SECI for 300 MW solar-plus-storage project

ACME Sikar Solar Private Limited, a wholly-owned subsidiary of ACME Solar Holdings Private Limited, signed a power purchase agreement (PPA) with Solar Energy Corporation of India (SECI) on June 25, 2025.  The agreement covers a 300 MW solar power...

Odisha seeks Rs 62.84 bn central aid for power infrastructure

The Government of Odisha has sought Rs 62.84 billion as central financial assistance under the Revamped Distribution Sector Scheme (RDSS). The request was placed before the Union Government on June 24, 2025. The proposed funding breakdown includes Rs...

BAJEL wins substation contract for 400 kV and 765 kV AIS projects

BAJEL Projects Limited has secured a major contract from a private developer for the establishment of 400 kV and 765 kV air-insulated switchyard (AIS) extension substations. The contract was awarded on June 24, 2025. The scope includes the supply of...

Emmvee wins order for solar modules from KPI Green

Emmvee Photovoltaic Power Private Limited has secured a contract worth Rs 15 billion from KPI Green Energy Limited for the supply of high-efficiency TOPCon bi-facial solar photovoltaic (PV) modules. The agreement was finalised on June 24, 2025. The...

CeNS develops solar-powered device for green hydrogen production

Researchers at the Centre for Nano and Soft Matter Sciences (CeNS), Bengaluru, have built a device that can produce green hydrogen using only solar energy. The innovation eliminates the need for fossil fuels or expensive materials, addressing key...

Greenzo wins Rs 3.2 bn order for 20 MW green hydrogen project

Greenzo Energy India Limited has secured an order worth Rs 3.2 billion from Oswal Energies Limited. The deal is for supplying electrolysers and balance of plant (BoP) systems for a 20 MW green hydrogen project. The project will follow a...

Servotech and Solarium secure rooftop solar contracts

Servotech Renewable Power System Limited has secured a contract worth Rs 600 million from Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) for setting up 16 MW of grid-connected rooftop solar projects across the state. The award was made on 24 June...

India opens EV manufacturing scheme portal to attract global players

The Ministry of Heavy Industries (MHI) has launched the application portal under the Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI).  The scheme is aimed at attracting global electric vehicle (EV) manufacturers while...

Maharashtra to cut electricity tariffs by 26% over five years: CM Fadnavis

Maharashtra Chief Minister Devendra Fadnavis has announced a phased reduction in electricity tariffs, calling it the first such move in the state’s history. Starting this year, electricity rates will be reduced by 10%, with further cuts planned over...

L&T raises Rs 5 billion via India’s first ESG bonds, wins USD 50 million contract

Larsen & Toubro (L&T) has raised Rs 5 billion through India’s first environmental, social, and governance (ESG) bonds. The funds were mobilised via non-convertible debentures (NCDs) at a 6.35% coupon rate with a three-year maturity. The bonds...

Adani to invest up to USD 20 billion yearly for 100 GW by 2030

Adani Group has announced plans to invest between USD 15–20 billion annually over the next five years to expand its total power generation capacity to 100 GW by 2030. The company is pursuing a diversified mix of thermal, renewable, and pumped hydro...

SECI and MAHAPREIT sign MoU to develop RE projects for C&I consumers

The Solar Energy Corporation of India (SECI) and Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT) have signed a Memorandum of Understanding (MoU) to collaborate on renewable energy (RE) power projects across India...

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NTPC REL signs PPA with PTC India for 1,200 MW solar power

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Power Sector News Roundup for July 3, 2026

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Adani, Azure, ACME plants found non-compliant after grid disturbances

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India lacks equipment for continuous radioactivity monitoring, Adani tells EAC

India does not currently have commercially available instruments for continuous monitoring of...

Why solar-plus-storage is key to India’s energy future

India’s energy sector is going through a major transformation, driven by the powerful...

STEAG Energy wins Rs 1,437 crore O&M contract from Vedanta

STEAG Energy Services (India) Private Limited, a wholly-owned step-down subsidiary of Bluspring...

ACME to supply 405 kTPA green ammonia to Japan’s IHI Corporation

ACME Cleantech Solutions Private Limited (ACME Group) has signed long-term offtake agreements with...

IEX Q1 electricity trade rises 16% to 37.5 BU amid higher power demand

Indian Energy Exchange (IEX) traded 37,534 MU (37.5 BU) of electricity during the first quarter (Q1)...