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Rajesh Power Services IPO launched at Rs 1.61 billion valuation

Rajesh Power Services Limited has launched its initial public offering (IPO), open for subscription until November 27, 2024.  The IPO is valued at Rs 1.61 billion, with a price band of Rs 319 to Rs 335 per equity share, each with a face value of Rs...

PGCIL secures LoI for Rajasthan IV 4A power transmission scheme

Power Grid Corporation of India Ltd (PGCIL) has received the letter of intent (LoI) for developing the ISTS-TBCB scheme under “Rajasthan IV 4A Power Transmission Ltd.”  The LoI, issued on November 25, 2024, pertains to the “Transmission system...

CCEA approves Rs 36.89 billion for two hydropower projects in Arunachal Pradesh

The Cabinet Committee on Economic Affairs (CCEA) has approved an investment of Rs 36.89 billion for two hydropower projects in Arunachal Pradesh to enhance the region’s power supply and support the national grid.  The 186 MW Tato-I Hydro Electric...

BHEL awards contract for Kodayar Power House renovation

Bharat Heavy Electricals Limited (BHEL) has awarded a Rs 52.28 million contract to  PK Unique Projects Pvt. Ltd., Chennai, for civil, structural, and architectural works, including supply, as part of the renovation, modernization, and uprating of...

Sterlite Power secures Rs 545 million OPGW contract from PGCIL

Sterlite Power Transmission Ltd has been awarded a contract valued at Rs 545 million by Power Grid Corporation of India Limited (PGCIL) for the supply and installation of Optical Ground Wire (OPGW) under the 9th and 11th National Communication Trunk...

BHEL-Hitachi Energy consortium wins Khavda-Nagpur HVDC project

A consortium of Bharat Heavy Electricals (BHEL) and Hitachi Energy India has secured a contract from Power Grid Corporation of India (PGCIL) for the Khavda-Nagpur High Voltage Direct Current (HVDC) transmission project.  The contract involves...

BHEL to commission 9 GW of thermal power in FY 2024

Bharat Heavy Electricals Limited (BHEL) is set to commission nine GW of thermal power generation capacity in the current financial year.  This addition, valued at approximately Rs 650 billion, will contribute to the nation’s existing 237 GW thermal...

CESC subsidiary to acquire Chandigarh electricity distribution company

Eminent Electricity Distribution, a subsidiary of CESC under the RP-Sanjiv Goenka Group, has secured a letter of intent (LoI) to acquire 100 per cent equity in Chandigarh’s electricity distribution and retail supply company for Rs 8.71...

Avaada Group to develop 1.2 GW pumped storage project in Rajasthan

Avaada Aqua Batteries, a subsidiary of Avaada Group, has signed a Memorandum of Understanding (MoU) with the Rajasthan government to establish a 1.2 GW pumped storage project (PSP) in the Sirohi district.  With a budget of Rs 58 billion, the project...

Ministry of Coal initiates 10th round of commercial coal mine auctions

The Ministry of Coal has commenced the 10th round of commercial coal mine auctions, offering five mines on the first day with combined geological reserves of 2,630.77 million tonnes and a peak-rated capacity of 12 million tonnes per annum. The fully...

KEC International secures orders worth Rs 11.14 billion across sectors

KEC International Ltd. has won orders worth Rs 11.14 billion. These include: Transmission & Distribution (T&D): Orders include a 400 kV transmission line project in Oman and supply of towers, hardware, and poles in the Americas. Cables:...

Jakson Green delivers electrolysers for first green hydrogen refueling station

Jakson Green Infinity has shipped its first batch of 3.8 MW electrolysers to power India’s inaugural green hydrogen refuelling station for urban mobility in the National Capital Region (NCR).  Manufactured at Jakson Green’s state-of-the-art Greater...

CERC grants transmission licenses for three projects in Rajasthan and Gujarat

In recent orders, the Central Electricity Regulatory Commission (CERC) has granted transmission licences to three projects:  Khavda Phase-IV Renewable Energy Project:CERC has granted a transmission license to POWERGRID Khavda IV-E2 Power Transmission...

PGCIL commissions NERSS-XII project

Power Grid Corporation of India Limited (PGCIL) has commissioned the North Eastern Region Strengthening Scheme-XII (NERSS-XII) project, effective 2 November 2024.  The notification for commercial operation was received on 23 November 2024.  NERSS-XII...

Relicab gains CG Power approval for 765 kV POWERGRID cables

Relicab Cable Manufacturing has received approval from CG Power and Industrial Solutions, Nashik, to supply interconnecting control cables for POWERGRID projects with voltage ratings up to 765 kV.  The certification, valid until 13 November 2025...

Carbon Minus wins Rs 39.6 billion contracts for solar projects in Maharashtra

Carbon Minus Energy Private Limited has secured contracts worth Rs 39.6 billion from Maharashtra State Power Generation Corporation (MSPGCL) and Maharashtra State Electricity Distribution Company Limited (MSEDCL) for developing 904 MW of...

WAPCOS to carry pumped storage project analysis in UP

WAPCOS Limited has been awarded a Letter of Award (LoA) worth Rs 2.3 million for consultancy services to analyze potential pumped storage project (PSP) sites in Uttar Pradesh.  The contract follows the Request for Proposal (RfP) issued by Invest UP...

THDC synchronises Unit 1 of Tehri PSP in Uttarakhand

THDC India Limited synchronised Unit I of the Tehri Pumped Storage Plant Project with the National Grid on November 19, 2024.  Furthermore, the coal firing was also achieved within a few hours of oil synchronisation. THDC, a joint venture (JV) of...

Tata Power and ADB partner to evaluate $4.25 billion clean energy projects

Tata Power has signed a Memorandum of Understanding (MoU) with the Asian Development Bank (ADB) during COP29 in Baku, Azerbaijan.  The partnership will evaluate financing for strategic projects aimed at enhancing India’s power infrastructure and...

Hyundai Motor partners with FPEL for two RE projects in Tamil Nadu

Hyundai Motor India Limited (HMIL) has signed an agreement with Fourth Partner Energy Limited (FPEL) to establish a 75 MW Solar Plant and a 43 MW Wind Power Plant in Tamil Nadu.  HMIL has a target for RE100 to transition to 100% renewable electricity...

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GREW Solar secures Rs 500 crore repeat module order

GREW Solar has received a repeat order worth about Rs 500 crore from an independent power producer...

PM-KUSUM 2.0 to include 10 GW agrivoltaic component

The government is preparing PM-KUSUM 2.0 with a dedicated 10 GW agrivoltaic (agri-PV) component to...

Aerem appoints Nilesh Malani as Executive Director

Aerem has appointed Nilesh Malani as Executive Director. In this role, he will lead the company’s...

Eastman commissions 800 MW solar module facility in Haryana

Eastman Auto & Power Limited (EAPL) has operationalised an 800 MW solar photovoltaic (PV) panel...

KEC International secures Rs 1,476 crore T&D orders across regions

KEC International Limited has secured new orders worth Rs 1,476 crore across its Transmission and...

Indo-Tech Transformers loses Rs 65 crore ReNew Wind transformer order

Indo-Tech Transformers Limited has disclosed the cancellation of a Rs 64.99 crore order from Renew...

ACME Solar commissions third phase of Jaisalmer battery storage project

ACME Solar Holdings Limited (ASHL) has commissioned the third phase of its battery energy storage...

Dilip Buildcon receives LoI for 400 kV Mekhali substation project in Karnataka

Dilip Buildcon Limited (DBL) has received a Letter of Intent from REC Power Development and...

Hygge Energy partners Atria Renewable for P2P rooftop solar trading in Bengaluru

Hygge Energy has partnered with Atria Renewable to expand peer-to-peer (P2P) rooftop solar trading...

Power Sector News Roundup for March 11, 2026

Solex Energy’s 3.78 GW Surat module plant added to MNRE ALMM list Solex Energy Limited has received...