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L&T and John Cockerill partner to explore solar power and energy storage

L&T Energy Green Tech Limited (LTEGL), a subsidiary of Larsen & Toubro (L&T), has signed a Memorandum of Understanding (MoU) with Belgium-based John Cockerill Energy.  The agreement, signed on March 24, 2025, focuses on developing...

Avaada Group secures PPAs for 14 GW renewable energy projects

Avaada Group, through its subsidiary Avaada Energy, has secured long-term power purchase agreements (PPAs) for 14,000 MW of renewable energy projects.  The company has already commissioned 5,200 MW of renewable energy capacity across nine states and...

Hero MotoCorp to invest Rs 5.25 billion in Euler Motors

Hero MotoCorp Limited has announced an investment of Rs 5.25 billion in Euler Motors to enter the electric three-wheeler market.  The investment will be made in multiple tranches, allowing Hero MotoCorp to acquire a 32.5 per cent stake in Euler...

SECI awards green hydrogen production capacity under SIGHT Tranche-II

The Solar Energy Corporation of India (SECI) has announced the results of its auction under the Strategic Interventions for Green Hydrogen Transition (SIGHT) programme (Mode-1, Tranche-II) to select producers for setting up green hydrogen production...

Ayana Renewables to raise Rs 1.5 billion via non-convertible debentures

Ayana Renewable Power Private Limited has approved a plan to raise Rs 1.5 billion through the issuance of 1,500 non-convertible debentures at an issue price of Rs 1 million each. The debentures will be subscribed by Infrastructure Leasing and...

Adani Green commissions 500 MW solar power capacity in Rajasthan

Adani Green Energy Limited (AGEL) has expanded its renewable energy portfolio by commissioning 500 MW of solar power capacity in Rajasthan through its subsidiaries. On March 23, 2025, Adani Green Energy Twenty Five Limited (AGE25L), a wholly-owned...

PGCIL invites bids for undersea power cable package for offshore wind project in Gujarat

Power Grid Corporation of India Limited (PGCIL) has invited bids for Package-I of the undersea power cable package (CA-01) for the 220 kV undersea export power cable and underground land cable. This package is part of the Transmission System for...

MoP sets June 2025 deadline for awarding BESS contracts under VGF programme

The Ministry of Power (MoP) has directed all states and implementing agencies to finalise the awarding of battery energy storage system (BESS) contracts by June 2025. This move aims to ensure the completion of the viability gap funding (VGF)...

BCCL monetises Dugda Coal Washery, India’s first coal washery monetisation

Bharat Coking Coal Limited (BCCL), a subsidiary of Coal India Limited (CIL), has leased out the Dugda Coal Washery in Bokaro, Jharkhand, marking India’s first coal washery monetisation.  With a capacity of 2 million tonnes per annum, the move allows...

BHEL wins Rs 75 billion contract for Ukai thermal plant expansion

Bharat Heavy Electricals Limited (BHEL) has secured a major contract from Gujarat State Electricity Corporation Limited (GSECL) for the expansion of the Ukai thermal power station in Tapi district, Gujarat.  The company received a letter of intent...

IREDA raises Rs 12.47 billion through perpetual bonds

The Indian Renewable Energy Development Agency (IREDA) has launched its first-ever perpetual bonds, raising Rs 12.47 billion at an annual coupon rate of 8.40 per cent.  This move aims to optimize its capital structure and take advantage of favourable...

Zelestra Energy signs PPAs with SJVN and Daimler for renewable power

Zelestra Energy (formerly Solarpack Corporación Tecnológica S.L) has signed a 25-year power purchase agreement (PPA) with SJVN Limited for setting up a 140 MW Firm and Dispatchable Renewable Energy (FDRE) power project in Solapur, Maharashtra. The...

Four firms secure bids for NHPC’s Tranche-IX solar projects

NHPC Limited has awarded bids to four firms for developing 2,170 MW of Inter-State Transmission System (ISTS)-connected solar power projects across India under Tranche-IX. The projects will be developed on a build, own, and operate (BOO) basis. ReNew...

Torrent Power restructures renewable energy business, incorporates new subsidiaries

Torrent Green Energy Private Limited (TGEPL), a wholly owned subsidiary of Torrent Power Limited (TPL), has incorporated multiple subsidiaries to implement renewable energy projects in India. The company recently set up eight wholly owned...

Hetvi Construction-led consortium wins 125 MW solar EPC contract in Assam

A consortium comprising Hetvi Construction Limited, Waaree Renewable Energy Technologies Limited (formerly Sangam Renewables Limited), and Jayantipur Construction Private Limited (JSPCL) has secured a contract from Assam Power Distribution Company...

Indian Railways revives nuclear power plans

Indian Railways (IR) is advancing its efforts to incorporate nuclear power into its energy mix, reviving discussions with the Department of Atomic Energy (DAE) and the Ministry of Power (MoP) to establish small nuclear power plants (NPPs).  This...

Madhya Pradesh unveils renewable energy policy

The Madhya Pradesh government has introduced the Madhya Pradesh Renewable Energy Policy 2025, setting a goal to meet 50 percent of its annual power consumption from renewable sources by 2030. The policy, which will be in effect for five years...

Adani Energy acquires Mundra I Transmission Project

PFC Consulting Limited (PFCCL) transferred Mundra I Transmission Limited, a special purpose vehicle (SPV) to  Adani Energy Solutions Limited (AESL) for development of the Transmission System for supply of power to Green Hydrogen/Ammonia manufacturing...

KEC International, TRIL, and HPL secure major contracts in T&D sector

KEC International Limited has won a contract from Power Grid Corporation of India Limited (PGCIL) for the construction of an 800 kV high voltage direct current (HVDC) and 765 kV transmission line. The contract was awarded on March 15, 2025...

HCC-TPL JV wins Rs 24.7 billion contract for Bhivpuri pumped hydro project

The joint venture of Hindustan Construction Company Limited and Tata Projects Limited has secured a Rs 24.7 billion contract from Tata Power Company Limited for the construction of the 1,000 MW Bhivpuri Pumped Hydro Storage Project in Maharashtra. ...

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