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Adani group entities raise stake in AESL via market purchases

Three entities of the Adani group have acquired equity shares in Adani Energy Solutions Limited (AESL) through open market transactions, as per a disclosure to stock exchanges. Adani Infra (India) Limited acquired 1.18 crore equity shares...

WBSEDCL cancels 250 MW BESS tender, withdraws award to PM Green

West Bengal State Electricity Distribution Company Limited (WBSEDCL) has annulled the tender for a 250 MW standalone battery energy storage system (BESS) at Goaltore and withdrawn the letter of award issued to PM Green Private Limited, a wholly owned...

Saatvik Solar leases 185 acres in Madhya Pradesh for manufacturing

Saatvik Solar Industries Private Limited, a material subsidiary of Saatvik Green Energy Limited, has executed a lease deed with MP Industrial Development Corporation Limited for 185 acres of land in Madhya Pradesh, the company said in a regulatory...

GRE Renew Enertech secures Rs 12.95 crore EPC solar project order

GRE Renew Enertech Limited has secured an engineering, procurement and construction (EPC) contract from Ajita Sil-Chem Private Limited for setting up a captive solar power project, the company said in a regulatory filing. The project involves the...

NHPC approves Rs 8,000 crore borrowing plan for FY27

The board of NHPC Ltd has approved a plan to raise up to Rs 8,000 crore during the financial year 2026-27 (FY27). The funds will be mobilised through secured or unsecured non-convertible corporate bonds via private placement, along with term loans or...

CIL backs 875 MW solar project with Rs 3,160 crore guarantee

Coal India Limited (CIL) has approved a corporate guarantee of up to Rs 3,160 crore for CIL Rajasthan Akshay Urja Limited (CRAUL), supporting debt financing for an 875 MW solar PV project in Rajasthan. The approval was granted at the company’s board...

Sterlite Electric appoints Frederic Trefois as group CEO

Sterlite Electric Limited has appointed Frederic Andre M Trefois as its group chief executive officer, the company said in an announcement. Trefois earlier served as a non-executive independent director on the company’s board. He brings experience in...

Powerica raises Rs 329 crore from anchor investors ahead of IPO

Mumbai-based diesel generator and power solutions manufacturer Powerica has raised Rs 329.4 crore from 17 anchor investors ahead of its public issue, which opened on March 24. The company allotted 83.39 lakh shares at the upper end of its price band...

ACEN India secures Rs 7,517 million financing for 100 MW wind project

ACEN India has achieved financial closure for its 100 MW wind power project in Bijapur, securing long-term project financing of Rs 7,517 million (approximately $90 million) from Mitsubishi UFJ Financial Group and Sumitomo Mitsui Banking Corporation...

CIL approves IPO plans for SECL and MCL, up to 25% stake sale

Coal India Limited (CIL) has approved in-principle plans to list two of its subsidiaries, South Eastern Coalfields Limited (SECL) and Mahanadi Coalfields Limited (MCL), on domestic stock exchanges, with divestment of up to 25% equity in each through...

Purvah Green awards Rs 298 crore EPC contracts for Andhra wind project

Purvah Green Power Private Limited, a subsidiary of CESC Limited, has awarded EPC (Engineering, Procurement and Construction) contracts worth nearly Rs 298 crore for a 300.3 MW wind project in Andhra Pradesh.   EPC awards and project scope The...

Acme Solar commissions 155 MW BESS capacity in Rajasthan

Acme Solar Holdings Ltd has commissioned an additional 155 MW / 470.25 MWh of battery energy storage system (BESS) capacity in Rajasthan, taking its total commissioned BESS capacity to 297.67 MW / 951.74 MWh, the company said in a regulatory filing...

Waaree Energies approves Rs 3,900 crore glass capex, ups Transpower stake

Waaree Energies has approved two capital allocation decisions that extend its manufacturing presence into solar glass and power transformers. The larger is a Rs 3,900 crore outlay to build a glass manufacturing plant under its wholly owned...

NTPC Green signs MoU with Nxtra for round-the-clock renewable power

NTPC Green Energy Ltd has signed a memorandum of understanding (MoU) with Nxtra Data Ltd to develop renewable energy projects for supplying round-the-clock power to Nxtra’s data centres across India. The agreement was signed at NTPC Bhawan in New...

Sanathan Textiles arm to acquire 26% stake in Serentica unit

Sanathan Textiles Limited has announced that its wholly owned subsidiary, Sanathan Polycot Private Limited (SPPL), will acquire a 26% stake in Serentica Renewables India 33 Private Limited for a total consideration of Rs 48 crore. The investment will...

India records 212,522 MW peak evening demand in February 2026

India’s national grid recorded a peak evening demand of 212,522 MW in February 2026, while the Western Region reached a new all-time high of 73,037 MW on February 14, according to the monthly operational report released by Grid Controller of India...

UP Cabinet clears coal funding and floating solar project

The Uttar Pradesh Cabinet, chaired by Chief Minister Yogi Adityanath, approved 35 proposals last week. These include a 20 MW floating solar plant in Gorakhpur and Rs 2,242.90 crore for coal mine development linked to the Ghatampur Thermal Power...

Maharashtra approves Rs 39 crore equity for Koradi expansion

The Maharashtra government has approved the release of Rs 39.20 crore as its latest equity contribution toward the 2×660 MW supercritical thermal expansion at Koradi Thermal Power Station in Nagpur. The project is being executed by Maharashtra State...

Delhi Budget 2026-27: Solar, EV charging and underground cabling drive Rs 3,942 crore power outlay

Delhi Chief Minister and Finance Minister Rekha Gupta has allocated Rs 3,942 crore to the Power Department in the Rs 1,03,700 crore Budget for 2026-27, presented on March 24, 2026. The budget positions itself as Delhi’s first Green Budget, with...

Tata Power executes supplementary PPA for Mundra plant

Tata Power has formally executed a Supplementary Power Purchase Agreement (SPPA) with Gujarat Urja Vikas Nigam Limited (GUVNL) for its 4 GW Mundra thermal power plant, filing a disclosure with BSE and NSE this morning under Regulation 30 of the SEBI...

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CERC clears over 13,000 MW in March adoption orders

The Central Electricity Regulatory Commission issued a batch of tariff adoption orders through March...

Power Sector News Roundup for April 10, 2026

Adani Green, IHC arm form JV for RE projects in India Adani Green Energy Limited (AGEL) has signed a...

Pace Digitek reports 178 BESS units deployed by March 2026

Pace Digitek Limited has announced a milestone in its energy storage business, with its subsidiary...

Vihaan Clean & Green commissions biomass boiler plant in Gujarat

Vihaan Clean & Green Tech Private Limited has launched a biomass-based boiler plant in Gujarat...

Neuron Energy commissions 5 GWh BESS plant in Maharashtra

Neuron Energy has commissioned a containerised battery energy storage system (BESS) manufacturing...

China’s CGN brings Southeast Asia’s largest solar project online in Laos

A 1 GW photovoltaic (PV) project in northern Laos has been connected to the grid, marking the...

JSW Energy exercises option to acquire full stake in JMPCL

JSW Energy Limited has exercised its call option to acquire the remaining 26% equity stake in JSW...

Saatvik Solar secures Rs 108.75 crore module order

Saatvik Solar Industries Private Limited, a subsidiary of Saatvik Green Energy Limited, has received...

Mahindra & Mahindra to take 26% stake in captive solar arm

Mahindra & Mahindra Limited (M&M) has approved the acquisition of a 26% equity stake in Neon...

Adani Green, IHC arm form JV for RE projects in India

Adani Green Energy Limited (AGEL) has signed a Joint Venture Agreement (JVA) with Minerva Holding...