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Tata Power, DGPC expand Bhutan hydropower partnership to 5,033 MW

The Tata Power Company Limited and Druk Green Power Corporation Limited have expanded their clean energy partnership by signing an amendment to their Memorandum of Understanding (MoU) to include the 404 MW Nyera Amari I and II Integrated Hydropower...

Atlanta Electricals reports 70% rise in FY26 profit

Atlanta Electricals Limited has reported strong financial performance for the quarter and financial year ended March 31, 2026, supported by revenue growth, margin expansion, and a debt-free balance sheet. The company’s consolidated revenue from...

PFC and REC subsidiaries incorporate SPVs for transmission projects

PFC Consulting Limited (PFCCL), a wholly owned subsidiary of state-owned Power Finance Corporation Limited, and REC Limited have incorporated new special purpose vehicles (SPVs) for transmission projects in Maharashtra, Rajasthan, and Gujarat. The...

ACME Solar incorporates four subsidiaries for renewable energy business

ACME Solar Holdings Limited has incorporated four wholly owned subsidiaries to expand its renewable energy business. The companies, ACME Greentech Twenty Private Limited, ACME Greentech Twenty Two Private Limited, ACME Greentech Twenty Three Private...

Jharkhand proposes new state grid code with ESS, cyber security norms

The Jharkhand State Electricity Regulatory Commission (JSERC) has released the draft Jharkhand State Electricity Regulatory Commission (State Grid Code) Regulations, 2026, proposing a comprehensive operational framework for planning, operation...

MNRE issues solar module warranty SOP for PM Surya Ghar, PM KUSUM

The Ministry of New and Renewable Energy (MNRE) has released a Standard Operating Procedure (SOP) for warranty management and claims settlement of solar photovoltaic (PV) modules installed under its distributed renewable energy programmes, including...

India issues fast-track SOP for FDI approvals in energy manufacturing

The Department for Promotion of Industry and Internal Trade (DPIIT) has introduced a new Standard Operating Procedure (SOP) to accelerate approvals for Foreign Direct Investment (FDI) proposals requiring government clearance, with several energy...

Vikram Solar posts record FY26 revenue, approves Rs 3,726 crore capex

Vikram Solar Limited reported its strongest-ever financial performance in FY26, driven by higher module production, a growing order book, and improved profitability. The company posted consolidated revenue of Rs 4,802 crore for the fiscal year...

ACME Solar reports 59% rise in FY26 revenue, PAT doubles

ACME Solar Holdings Limited reported a 59% year-on-year increase in consolidated revenue for FY26, supported by capacity additions, higher generation, and strong operating performance. Total consolidated revenue for the fiscal year rose to Rs 2,507...

Shakti Pumps posts record FY26 revenue on solar pump demand

Shakti Pumps (India) Limited reported its highest-ever quarterly and annual financial performance for the period ending March 31, 2026, supported by strong growth in solar pump deployments and improved cash flow management. The company recorded...

Ampyr commissions 67.5 MWp Somasamudra solar project in Karnataka

Climate Fund Managers and Ampyr Energy have announced the commissioning of the Somasamudra Phase 1 solar photovoltaic (PV) plant in Karnataka, marking the fourth project delivered under the Ampyr Renewable Energy platform in India. Located in Ballari...

India, EU launch €15.2 million EV battery recycling call

India and the European Union (EU) have expanded their clean energy collaboration with the launch of a joint funding call focused on electric vehicle (EV) battery recycling technologies. Announced on May 5, 2026, the third coordinated call under the...

EAC clears over 5,100 MW hydro, pumped storage projects

The Expert Appraisal Committee (EAC) for River Valley and Hydroelectric Projects has granted or recommended Terms of Reference (ToR) for four hydroelectric and pumped storage projects across Maharashtra, Bihar, and Arunachal Pradesh during its 53rd...

PFC incorporates SPV for Fatehgarh-II synchronous condenser project

Power Finance Corporation Limited (PFC) has announced the incorporation of Fatehgarh II Transmission Limited as a wholly owned subsidiary of PFC Consulting Limited (PFCCL), which is itself a wholly owned subsidiary of PFC. The special purpose vehicle...

Pace Digitek wins 250 MW BESS project from DVC in Jharkhand

Pace Digitek Limited has received a Letter of Award from Damodar Valley Corporation (DVC) for a 250 MW / 500 MWh Battery Energy Storage System (BESS) project at Maithon in Jharkhand. The total contract value is Rs 7,019.54 million, including Goods...

Apple, CleanMax to invest Rs 100 crore in C&I renewable energy

Apple Inc. and CleanMax Enviro Energy Solutions Limited have announced a strategic co-investment of around Rs 100 crore to support the expansion of renewable energy projects for India’s commercial and industrial (C&I) sector. The move builds on...

Ceigall India FY26 revenue rises 17% to Rs 40,224 million

Ceigall India Limited has reported consolidated revenue of Rs 40,224 million for FY26, registering a 17.1% year-on-year increase. The company’s order book stood at Rs 185,543 million as of March 31, 2026, supported by fresh order inflows worth Rs...

REC appoints Rajesh Kumar Agarwal as PFC nominee director

REC Limited has appointed Shri Rajesh Kumar Agarwal, Director (Finance) at Power Finance Corporation Limited (PFC), as PFC’s Nominee Director on its Board with effect from May 1, 2026. The appointment was approved by the Ministry of Power, Government...

Waaree Renewable to acquire 55% stake in APSPL for Rs 1,225 crore

Waaree Renewable Technologies Limited (WRTL) has signed definitive agreements to acquire a 55% stake in Associated Power Structures Private Limited (APSPL), formerly known as Associated Power Structures Limited, in a transaction valued at Rs 1,225...

Adani Green incorporates two renewable energy subsidiaries

Adani Green Energy Limited has incorporated two new step-down subsidiaries, ARE64L Step-One Renewable Energy Limited and ARE64L Step-Two Renewable Energy Limited, on May 7, 2026. The newly formed companies are wholly-owned subsidiaries of Adani...

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Power Sector News Roundup for June 12, 2026

Hitachi Energy India to invest Rs 2,000 crore in Gujarat transformer plant Hitachi Energy India...

Hitachi Energy India to invest Rs 2,000 crore in Gujarat transformer plant

Hitachi Energy India Limited has announced an investment of around Rs 2,000 crore to establish a new...

JSW Energy commissions 150 MW Tidong hydro project

JSW Energy Limited, through its wholly owned subsidiary JSW Neo Energy Limited, has commissioned the...

RECPDCL transfers Jalna transmission SPV to MSETCL

REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited...

POWERGRID wins Kakinada green hydrogen transmission project

Power Grid Corporation of India Limited (POWERGRID) has been declared the successful bidder for...

ACME Solar commissions additional BESS capacity in Rajasthan

ACME Solar Holdings Limited (ASHL), through its wholly owned subsidiary ACME Sun Power Private...

Prozeal wins Rs 2,000 crore ONGC wind power contract

Prozeal Green Energy Limited has received a Notification of Award (NOA) from Oil and Natural Gas...

NTPC commissions additional 50 MW solar capacity in Rajasthan

NTPC Limited has declared commercial operation of an additional 50 MW solar capacity under a larger...

India yet to commission offshore wind despite 70 GW potential

India has yet to commission any offshore wind capacity despite an estimated 70 GW of technical...

China builds first integrated offshore solar, hydrogen and storage system

A coastal energy project combining 400 MW of offshore solar generation with on-site hydrogen...