Larsen & Toubro Ltd’s Power Transmission & Distribution (PT&D) business has secured new orders in India and the Middle East. In India, L&T’s PT&D division will implement an advanced distribution management system (ADMS) in...
Gensol Engineering Limited has secured an engineering, procurement, and construction (EPC) contract for a 275 MW solar photovoltaic project at the Khavda Rann renewable energy solar park in Kutch, Gujarat. The project, valued at Rs 10.61 billion...
KEC International Limited, a wholly-owned subsidiary of the RPG Group, has secured new orders worth Rs 10.97 billion in the transmission and distribution (T&D) sector. These include a 400 kV transmission line project in the UAE and the supply of...
NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, has partnered with Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) to create a joint venture (JV) for renewable energy parks and projects. NGEL holds a 51% stake, subscribing...
Waaree Energies Limited has initiated trial production at its 5.4 GW solar cell manufacturing plant in Chikhli, Gujarat. The facility is a key part of Waaree’s strategy for backward integration in the solar energy sector. By focusing on indigenous...
Suzuki Motor Corporation, through its subsidiary Suzuki R&D Center India (SRDI), has partnered with the National Dairy Development Board (NDDB) to invest in its biogas arm, NDDB Mirda. Suzuki will acquire a 26% equity stake, with NDDB retaining...
Himachal Pradesh Chief Minister Sukhvinder Sukhu announced the installation of a 2 MW solar power plant in Kaza, Lahaul-Spiti district, to enhance power supply in the remote region. The plant will be fully operational soon, with the addition of a 1...
Telangana aims to add 20,000 MW to its existing renewable energy generation and storage capacity by 2030, Deputy Chief Minister Mallu Bhatti Vikramarka announced. The state will focus on Standalone Renewable Energy Projects, floating solar, Waste to...
The Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME-India) Scheme, launched to promote electric mobility, has spent Rs 88.44 billion as of October 31, 2024. This includes Rs 65.77 billion in subsidies, Rs 22.44...
Waaree Energies Limited (WEL), India’s largest solar PV module manufacturer, is exploring a 500-acre land acquisition in Nagpur for a proposed Rs 80 billion investment in a solar cell and panel manufacturing unit. The company recently...
Power Grid Corporation of India Limited (PGCIL) received the Letter of Intent (LoI) for two Interstate Transmission System (ISTS) projects under the Tariff Based Competitive Bidding (TBCB) route on January 6, 2025. These projects are on a Build...
Indian Energy Exchange (IEX) set a new record in December 2024, trading 11,132 MU of electricity, marking a 29% year-on-year increase. The exchange also saw a 58% rise in renewable energy certificates (RECs), with 1.7 million RECs traded. For the...
Sterlite Grid 32 Ltd (SGL32) has refinanced its Mumbai Urja Transmission Limited (MUML) project through listed non-convertible debentures (NCDs), its first NCD issuance since its joint venture with GIC of Singapore. The NCDs are rated AA+ stable by...
Sasan Power Limited, a subsidiary of Reliance Power, has repaid USD 150 million to India Infrastructure Finance (UK) Company Limited (IIFCL), improving its debt coverage metrics, liquidity, and credit rating. Sasan Power operates the 3,960 MW...
Sahaj Solar has won a contract from the Tripura Renewable Energy Development Agency (TREDA) to solarise 2 HP grid-connected agricultural pumps under the PM-KUSUM scheme’s Component C. The project involves designing, surveying, manufacturing...
The Andhra Pradesh government has approved renewable energy projects totalling Rs 27.23 billion. Key initiatives include a 1 million tonne per annum green ammonia facility in Kakinada by AM Green Ammonia (India) Private Limited, to promote...
REC Limited disbursed Rs 546.92 billion in loans during Q3 FY25, marking a 17.98% year-on-year increase. Renewable energy loan disbursements grew by 58.09% to Rs 63.14 billion. For the first nine months of FY25, REC disbursed Rs 1,456.47 billion, a...
Altra Xergi Power, a subsidiary of O2 Power, secured 200 MW in SECI’s auction for 8,000 MWh (2,000 MW x 4 hours) of peak renewable energy supply from ISTS-connected projects under tariff-based competitive bidding (FDRE-VI). The winning tariff...
Bharti Airtel has acquired a 26% stake in a special purpose vehicle of AMPIN Energy Transition to develop a 50 MW wind-solar hybrid power project in Barmer, Rajasthan. The Rs 378.9 million investment will enable Airtel to source green energy in a...
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Waaree Energies Limited has informed stock exchanges that it received an order on June 15, 2026, for...
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Sugs Lloyd Limited and Oswal Pumps Limited have announced receipt of Letters of Award (LOAs) from...