Jupiter International has signed a memorandum of understanding (MoU) with the Odisha government to invest Rs 20.05 billion in a solar manufacturing plant.  The investment, made through its subsidiary Jupiter Renewables, will set up a facility with a...

AZAD Engineering Limited has secured a six-year contract with Siemens Energy Global GmbH & Co. KG, valued at €90.1 million.  The agreement covers the production of combustion commodities, cold blades, vanes, machined parts, and assemblies for...

The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved the launch of the National Critical Mineral Mission (NCMM) with an expenditure of Rs 163 billion and an expected investment of Rs 180 billion from PSUs and other...

Engineers India Limited (EIL) and Power Grid Corporation of India Limited (POWERGRID) have signed a Memorandum of Understanding (MoU) to collaborate on various prospective projects in the fields of offshore wind energy, green hydrogen, energy...

The Central Electricity Authority (CEA) has released the “Guidelines for Benchmarking of Operation & Maintenance (O&M) Norms for Distribution Utilities” to standardize O&M practices across the sector. The guidelines cover a...

Seftech India Private Limited and Suryam International Private Limited have secured Letters of Award (LoAs) for developing 28 MW solar power projects in Chandrapur and Majri areas of Western Coalfields Limited (WCL), Maharashtra.  Central Mine...

Torrent Saurya Urja 2 Private Limited, a wholly owned subsidiary of Torrent Power Limited (TPL), has commissioned a 300 MW grid-connected solar power project in Gujarat. TPL won bids in April 2021 for a 150 MW base capacity and an additional 150 MW...

Waaree Energies Limited has reported a remarkable performance for Q3 FY 2024-25, with total income rising by 114.63% to Rs 35,452.65 million.  The earnings before interest, tax, depreciation, and amortisation (EBITDA) surged by 256.97% to Rs 8,097.05...

Official extract from finance minister Nirmala Sitharaman’s budget speech 1. Nuclear Energy: Scaling Capacity and Private Partnerships The Budget prioritizes nuclear energy as a cornerstone of India’s long-term energy transition. Finance Minister...

The Economic Survey 2024-25 argues against shutting down coal-based power plants, citing a lack of economic rationale. It states that India should focus on becoming a developed country by 2047 before targeting net-zero emissions by 2070.  India’s...

A total of seven firms have submitted bids to set up 1,200 MW of Inter-State Transmission System (ISTS)-connected wind-solar hybrid power projects with or without Energy Storage Systems (ESS) anywhere in India, under Tranche-X of NHPC Limited. These...

Adyant Enersol Private Limited, a wholly-owned subsidiary of Datta Power Infra Private Limited, and UPC Renewables have won bids for a cumulative 170 MW of Inter-State Transmission System (ISTS)-connected wind power projects anywhere in India. Adyant...

ACME Solar Holdings Private Limited and ReNew Solar Power Private Limited, a wholly-owned subsidiary of ReNew Power Ventures Private Limited, have received Letters of Award (LoAs) for setting up a total of 550 MW Inter-State Transmission System...

  Apraava Energy has commissioned a 250.7 MW wind power project in the Sidhpur region of Gujarat’s Devbhoomi Dwarka district. This was the company’s largest wind project. Awarded under SECI’s Tranche VIII wind tender, the project features...

  Voltamp Transformers Ltd has commenced construction of its new power transformer manufacturing facility at Jarod in Vadodara district, Gujarat.  The company has completed all land acquisition formalities and initiated work on the factory building...

  Odisha has secured investment proposals worth Rs 4,330 billion in the renewable energy sector during the ‘Utkarsh Odisha – Make in Odisha Conclave 2025.’ On the second day of the event, the Sectoral Session on ‘Renewable Energy for Viksit Odisha’...

  The State Board of Wildlife (SBWL), Karnataka, granted conditional approval to Karnataka Power Corporation Limited (KPCL) for the 2,000 MW Sharavathi Pumped Storage Hydel Project on January 28, 2025.  The approval requires minimizing environmental...

Bridge and Roof Company (India) Limited secured an engineering, procurement, and construction (EPC) contract worth Rs 3.51 billion for the development of a 100 MW solar photovoltaic (PV) project at Nawa in Didwana Kuchaman district, Rajasthan, on...

Kochi Metro Rail Limited (KMRL) has identified land for two solar power projects in the Alappuzha and Kasargod districts of Kerala.  The Kasargod project will be developed on approximately 50 acres of land, expected to be acquired soon. The Alappuzha...

ACME Solar has reported strong financial growth for the third quarter of FY 2024-25, ending on December 31, 2024. The company’s profit after tax (PAT) surged by 152% year-on-year, reaching Rs 1.12 billion, with a PAT margin of 28%.  Total revenue for...