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NCLT approves Inox Green Energy’s power evacuation business demerger
The National Company Law Tribunal (NCLT), Ahmedabad Bench, has approved the demerger of the Power Evacuation Business of Inox Green Energy Services Limited (IGESL) into Inox Renewable Solutions Limited (IRSL). The order was pronounced on March 13, 2026, and IGESL informed the stock exchanges of the development on March 14, 2026. The scheme has an…
THDC and REC sign MoUs for PSPs in Chhattisgarh and Kerala
India’s push for pumped storage projects (PSPs) gained momentum with two key agreements signed on March 11, 2025. THDC India Limited partnered with the Government of Chhattisgarh and Chhattisgarh State Power Generation Company Limited (CSPGCL) to develop the Dangari Pumped Storage Project. Meanwhile, REC Limited committed significant funding for similar projects in Kerala. The Dangari…
Waaree Energies incorporates new IPP subsidiary
Waaree Energies Limited has informed the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) about the incorporation of a new step down subsidiary, Eco Flux Renewables Private Limited. According to the regulatory filing dated 15 December 2025, the Certificate of Incorporation for Eco Flux Renewables Private Limited was received on the…
Refex Green Power establishes SPV for 100 MW solar project
Refex Green Power Limited (RGPL), a subsidiary of Refex Renewables & Infrastructure Limited, has incorporated Refex Solar SPV Five Limited to implement a 100 MW solar power project awarded by NTPC Limited. Refex Solar SPV Five, wholly owned by RGPL, has been set up with a paid-up equity share capital of Rs 1 million. The…
Solex Energy wins Rs 4.5 billion solar module supply contract
Solex Energy Limited has secured a contract worth Rs 4,514.09 million from KPI Green Energy Limited. The contract involves the supply of N-Type TOPCon Glass-to-Glass (G12R) solar photovoltaic (PV) modules with a rated capacity of 615 Wp. These modules will support the development of 310 MW solar PV projects in India. The agreement was finalised…
Saatvik, Solarium, and Ahaan announce new solar module manufacturing plans
India’s solar manufacturing capacity is set to expand significantly with new projects announced by Saatvik Solar Industries, Solarium Green Energy, and Ahaan Solar. Saatvik Solar Industries Private Limited, a wholly owned subsidiary of Saatvik Green Energy Limited (SGEL), has begun work on a 4 GW solar photovoltaic (PV) module manufacturing plant in Odisha. This is…
