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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...

Pace Digitek unit secures Rs 94 crore BSNL battery order

Pace Digitek Limited said its material subsidiary, Lineage Power Private Limited, has received an advance purchase order worth Rs 94.35 crore from Bharat Sanchar Nigam Limited (BSNL) for advanced Li-ion battery solutions. The development was...

Jupiter empanelled for solar pump project in Maharashtra

Jupiter International Limited has received a Letter of Empanelment valued at Rs 64.95 crore from the Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the supply and installation of off grid solar water pumping systems under a...

LNK Energy launches with Rs 10,000 crore clean energy investment plan

LNK Energy has been launched as an integrated clean energy platform with an investment commitment of Rs 10,000 crore over the next five years. The company was introduced by its co-founders on the sidelines of the World Economic Forum Annual Meeting...

Power distribution utilities post profit after years of losses

India’s power distribution utilities have reported a consolidated Profit After Tax (PAT) of Rs 2,701 crore in FY 2024–25, marking a shift after several years of losses. The figures cover distribution companies and power departments and were released...

BluPine Energy secures Rs 5,400 crore refinancing facility from Axis Bank

BluPine Energy, a renewable energy platform owned by private equity firm Actis, has secured a Rs 5,400 crore long-term loan facility underwritten by Axis Bank. The funding will be used to refinance existing debt across the company’s portfolio of...

Alpex Solar wins Rs 215 crore domestic module supply order

Alpex Solar Ltd has secured a domestic order worth Rs 215.20 crore, excluding GST, for the supply of high efficiency solar modules. The company said the contract will be executed over a six month period. The order has been awarded by an undisclosed...

Juniper Green completes solar phase of Solapur hybrid project

Juniper Green Energy has announced the early commissioning of a 72 MWp solar component at its 133 MWp hybrid power project in Solapur, Maharashtra. The project has been developed through its subsidiary, Juniper Green Spark Ten, and the solar portion...

Waaree group wins EPC and module supply orders in India and US

On January 19, 2026, Waaree Renewable Technologies Limited secured a turnkey engineering, procurement and construction (EPC) contract for a solar project in Uttar Pradesh. On the same day, its parent company, Waaree Energies Limited, announced large...

PFC promotes Deepak Jain as Executive Director

Power Finance Corporation Limited (PFC) has promoted Deepak Jain to the post of Executive Director, effective January 16, 2026, according to a stock exchange filing. Jain was previously serving as Chief General Manager at PFC and has over 26 years of...

CEA issues revised type test and MQAP guidelines for power equipment

The Central Electricity Authority (CEA) has issued revised versions of two regulatory documents covering major power sector equipment. The two documents are the Guidelines for the Type Tests for Major Equipment of Power Sector and the Guidelines for...

BHEL reports strong Q3 FY 2025–26 earnings growth

Bharat Heavy Electricals Limited (BHEL) has reported a sharp year on year improvement across key financial metrics for the quarter ended December 31, 2025. The unaudited results were approved by the board on January 19, 2026. For Q3 FY 2025–26, BHEL...

IIT Delhi launches Centre of Excellence for power sector regulation

Union Minister of Power Manohar Lal inaugurated the Centre of Excellence (CoE) for Regulatory Affairs in the Power Sector at the Indian Institute of Technology Delhi (IIT Delhi) on 19 January 2026. The Centre has been jointly established by IIT...

Dalmia Bharat exits O2 Renewable Energy V with full stake sale

Dalmia Bharat Limited (DBL) has divested its entire 25.44% equity stake in O2 Renewable Energy V Private Limited (OREV), ending its associate relationship with the renewable energy company. The transaction was completed on January 16, 2026. The sale...

Nash Energy commissions 2 GWh automated battery pack line near Bengaluru

Nash Energy has commissioned a fully automated battery pack manufacturing line with an initial capacity of 2 GWh at its facility near Bengaluru. This marks the first phase of the company’s plan to build 10 GWh of battery pack manufacturing capacity...

Kakinada named Green Hydrogen Valley at AM Green project launch

Andhra Pradesh Chief Minister N. Chandrababu Naidu on January 17, 2026, declared Kakinada as the Green Hydrogen Valley of India following the groundbreaking ceremony for a Rs 15,600 crore green ammonia project. The event marked the start of...

Onix Renewable signs Gujarat MoU for green ammonia and solar projects

Onix Renewable Ltd has signed a Memorandum of Understanding (MoU) with the Government of Gujarat to undertake large-scale renewable energy projects in the state. Under the MoU, the company has proposed setting up a green ammonia production facility...

Indosolar appoints Dr Jignesh Rathod as CEO, posts strong Q3 FY26 results

Indosolar Limited, a subsidiary of Waaree Energies Limited, has announced changes in its senior leadership following a recent Board meeting. The Board approved the appointment of Dr Jignesh Devchandbhai Rathod as an Additional Director in a...

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NTPC REL signs PPA with PTC India for 1,200 MW solar power

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Power Sector News Roundup for July 3, 2026

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IEX Q1 electricity trade rises 16% to 37.5 BU amid higher power demand

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