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Power Ministry releases Draft National Electricity Policy 2026

The Ministry of Power (MoP) has published the Draft National Electricity Policy (NEP) 2026, outlining a strategic roadmap to ensure a reliable, affordable power supply, enhance the financial sustainability of utilities, and align with India’s...

ReNew plans $500 million bond issue via GIFT City IFSC

ReNew Energy Global PLC is preparing to raise around $500 million through a U.S. dollar-denominated bond issuance routed via the International Financial Services Centre (IFSC) at Gujarat International Finance Tec-City (GIFT City). The proposed issue...

Topsun Energy wins solar BESS pilot project for Pang HVDC station

Power Grid Corporation of India Ltd (POWERGRID) has awarded a Rs 9.63 crore contract to Topsun Energy Limited for a pilot project combining solar power and Battery Energy Storage System (BESS) solutions. The project will meet the construction-phase...

Concord unit wins Rs 47 crore NTPC hydrogen locomotive contract

Concord Control Systems Limited has secured a historic contract, valued at Rs 47 crore, to develop the world’s highest-horsepower green hydrogen hybrid locomotive. The project, awarded to its subsidiary Advanced Rail Controls Private Limited by NTPC...

Waaree Energies posts record Q3 FY26 results

Waaree Energies Limited has reported record quarterly financial results for Q3 FY26, with standalone revenue and profit more than doubling year-on-year. For the quarter ended 31 December 2025, the company reported standalone revenue from operations...

KPI Green reports seventh straight quarter of record revenue in Q3 FY26

KPI Green Energy Limited has reported its highest-ever quarterly revenue for the seventh consecutive quarter in Q3 FY26. For the nine months ended 31 December 2025, consolidated Profit After Tax (PAT) rose 60%. The Board has also declared a third...

GoodEnough Energy commissions 7 GWh BESS manufacturing plant in Noida

Noida is now home to India’s largest dedicated battery energy storage system (BESS) production plant, following the commissioning of GoodEnough Energy’s new 7 GWh capacity gigafactory. The facility represents a capital investment of more...

KP Green Engineering secures Rs 248 crore in fresh orders

KP Green Engineering Limited has received multiple confirmed orders worth Rs 248.2 crore across its business segments. With this addition, the company’s total confirmed orders disclosed in January 2026 have reached approximately Rs 1,067.2 crore. The...

Rays Power Infra secures Rs 1,912 crore 300 MW renewable project

Rays Power Infra Ltd has won a 300 MW renewable energy project valued at Rs 1,912 crore from a state-owned entity. The award increases the company’s total order book to over Rs 8,000 crore, as it moves ahead with preparations for a potential public...

NREDCAP awards 64.5 MWp rooftop solar project to Sadbhav Futuretech

The New and Renewable Energy Development Corporation of Andhra Pradesh Limited (NREDCAP) has selected M/s Sadbhav Futuretech Limited to implement a 64.50 MWp grid connected rooftop solar project across the state. The project covers more than 32,000...

SECI and PTC India sign MoU for renewables and storage projects

Solar Energy Corporation of India (SECI) and PTC India Limited have entered into a strategic partnership to jointly develop renewable energy and energy storage projects. The two entities exchanged a Memorandum of Understanding (MoU) on 19 January...

Kosol Energie plans Rs 90,000 crore renewables investment in Gujarat

Kosol Energie Pvt Ltd has committed to invest around Rs 90,000 crore, equivalent to $10.8 billion, in renewable energy projects in Gujarat. The commitment was formalised through a memorandum of understanding during the Vibrant Gujarat Global Summit...

Power Ministry eases DPIIT norms for BESS bidders

The Ministry of Power (MoP) has allotted a one-year relaxation of industrial registration requirements to support participation in grid connected battery energy storage system (BESS) tenders. The measure aims to address current constraints in...

JSW Energy signs 1,600 MW Salboni PPA with WBSEDCL

JSW Energy Limited said on 20 January 2026 that its wholly owned subsidiary, JSW Thermal Energy Two Limited, has signed a Power Purchase Agreement (PPA) with West Bengal State Electricity Distribution Company Limited (WBSEDCL) for a 1,600 MW thermal...

POWERGRID approves Rs 914 crore capex for cold spare equipment

Power Grid Corporation of India Limited (POWERGRID) announced on 20 January 2026 that its Committee of Directors on Investment on Projects has approved three capital expenditure proposals for procuring cold spare transformers and reactors. The...

Vikram Solar reports strong Q3 FY26 performance

Vikram Solar Limited announced its unaudited financial results for the quarter and nine months ended 31 December 2025 following a board meeting held on 20 January 2026. The company reported strong year on year growth in revenue, profitability, and...

Suzlon signals next phase with Wind 2.0 initiatives

Suzlon Energy is entering a new phase of growth with fresh strategic initiatives, said Vice Chairman Girish Tanti. The company is sharpening its focus on expansion within wind power while exploring opportunities beyond conventional generation...

Rajgarh III Power Transmission struck off after project merger

Rajgarh III Power Transmission Limited, a project-specific special purpose vehicle (SPV), has been struck off the Register of Companies, effective January 20, 2026. The entity was a wholly owned subsidiary of REC Power Development and Consultancy...

Genus Power to acquire full stake in Newlectric Innovation

Genus Power Infrastructures Limited has signed an agreement to acquire the remaining 86.49% equity stake in Newlectric Innovation Private Limited (NIPL), making it a wholly owned subsidiary. The acquisition, valued at Rs 25.23 crore, was disclosed in...

Inox Green wins solar O&M contract for 625 MWp Bhadla project

Inox Green Energy Services Limited said on 20 January 2026 that it has entered into an agreement with KEC International Ltd. to provide operations and maintenance (O&M) services for a 625 MWp solar power project in Bhadla, Rajasthan. The contract...

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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...