JSW JFE Electrical Steel Pvt Ltd has finalized the acquisition of thyssenkrupp Electrical Steel India Pvt Ltd (tkES India) for Rs 40.51 billion. This move enables JSW-JFE to enter the grain-oriented electrical steel (GOES) business, aligning with...
Tata Power Limited has received a letter of intent (LoI) from REC Power Development and Consultancy Limited (RECPDCL), a subsidiary of REC Limited, to acquire the special purpose vehicle (SPV) ERES-XXXIX Power Transmission Limited. The project, to...
Azure Power Global Ltd, a leading renewable power producer in India, has completed an Rs 24 billion refinancing transaction structured as an INR Term Loan underwritten solely by REC Ltd. This transaction enabled the company to prepay its $350...
Borosil Renewables, a leading solar glass manufacturer in India, has called on the government to impose an anti-dumping duty on Chinese solar glass imports to safeguard domestic producers. Shreevar Kheruka, Vice Chairman of Borosil Renewables...
The Indian Institute of Technology (IIT) Indore has developed a catalyst that produces pure hydrogen from methanol at a significantly lower temperature and cost compared to traditional methods. The catalyst, developed under the leadership of...
PFC Consulting has invited bids to establish transmission systems for evacuating 6 GW of power to support green hydrogen and ammonia manufacturing projects in Kandla and Mundra, Gujarat. The projects will be executed on a build, own, operate, and...
Rayzon Solar has won a contract to supply 216 MW of high-efficiency photovoltaic (PV) modules to Larsen & Toubro (L&T) for three solar projects across India. The modules will be integral to L&T’s floating solar projects at Panchet and...
The Andhra Pradesh government aims to secure Rs 10 trillion in investments through its newly launched AP Integrated Clean Energy (ICE) Policy, focusing on solar, wind, and round-the-clock renewable energy projects to achieve net-zero carbon emissions...
ITC has commissioned a 9.45 MW offsite solar plant in Davangere district, Karnataka, marking its second such facility in the state and fourth in the country, alongside others in Tamil Nadu, Uttar Pradesh, and Karnataka. The plant is designed to...
AMPIN Energy Transition has achieved financial closure for its 200 MW solar-wind hybrid project in Rajasthan, securing green financing of Rs 7.42 billion from Standard Chartered. The total investment in the project is valued at Rs 9.44 billion. Upon...
Sembcorp Industries, through its subsidiary Sembcorp Green Infra, has won a 150 MW wind-solar hybrid project from the Solar Energy Corporation of India (SECI). The project, connected to the interstate transmission system (ISTS), is part of...
JSW Renew Energy Seventeen, a subsidiary of JSW Energy, has entered into a power purchase agreement (PPA) with Gujarat Urja Vikas Nigam Ltd (GUVNL) for a 192 MW wind-solar hybrid capacity connected to the state transmission utility (STU) in Gujarat...
Havells India reported a revenue increase of 22.8% year-on-year in its cables business for Q2 FY25 (July to September). Revenue reached Rs 18.05 billion, up from Rs 14.70 billion in Q2 FY24. Anil Rai Gupta, Chairman & Managing Director of Havells...
Polycab India Ltd reported significant growth in its wire and cable business for Q2 FY25 (July to September). The company’s wire and cable revenue rose 23% year-on-year to Rs 46.07 billion, driven by favorable commodity prices and strong market...
Netinium and Wirepas have announced a partnership to enable scalable and standardized smart metering solutions for utilities globally. The collaboration leverages Wirepas’ non-cellular 5G RF mesh connectivity, which utilizes license-exempt spectrum...
According to a report by CRISIL, India’s renewable energy (RE) capacity, excluding large hydro projects, is expected to grow at a compound annual growth rate (CAGR) of 16.5%-17%, reaching 360-370 GW by fiscal 2030. This growth rate is double that of...
Servotech Power Systems has announced a collaboration with UK-based Ensmart Power to expand its electric vehicle (EV) charger business in the UK and North America. The partnership aims to leverage Servotech’s innovative EV charging solutions...
India is set to become the global engine for energy demand growth through 2035, according to the International Energy Agency’s (IEA) World Energy Outlook 2024. The report highlights India’s rapid expansion, with the country adding more...
PFC Infra Finance IFSC Limited (PIFIL), a wholly owned subsidiary of Power Finance Corporation Limited (PFC), has been approved by the International Financial Services Centres Authority (IFSCA) to commence business as a finance company in IFSC GIFT...
KEI Industries Ltd’s board of directors has approved a proposal to raise Rs 20 billion through a qualified institutional placement (QIP). The funds will be raised via the issuance of equity shares or other eligible securities, subject to shareholder...
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Waaree Solar Americas, a subsidiary of Waaree Energies Limited, has secured an order for the supply...
Indosolar Limited, a subsidiary of Waaree Energies Limited, reported revenue from operations of Rs...
Indian Energy Exchange Limited (IEX) reported a consolidated profit after tax (PAT) of Rs 134.8...
NTPC Green Energy Limited (NGEL) has declared the commercial operation of 64.76 MW, the first part...
Adani Green Energy Limited (AGEL) reported a profit of Rs 983 crore for the quarter ended June 30...
The National Bank for Agriculture and Rural Development (NABARD) and Mahatma Phule Renewable Energy...
The Bihar State Power Generation Company Limited (BSPGCL) has invited Expressions of Interest (EOIs)...
Kalpataru Projects International Limited (KPIL) has completed the charging and energisation of the...
Shri Rajesh Pandey, IAS, assumed charge as the 51st Chairman of Damodar Valley Corporation (DVC) on...
Bondada Engineering Limited has received approval for energisation from the Central Electricity...