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SECI announces winners for 1.5 GW electrolyser manufacturing auction

The Solar Energy Corporation of India Limited (SECI) has announced the winners for tranche 2 (Envelope-2 opening) of its electrolyser manufacturing auction, totaling 1,500 MW in capacity. These projects will be developed under the Strategic Interventions for Green Hydrogen Transition (SIGHT) scheme, with awards divided across three different buckets. Bucket 1, the largest category, allocated 1,100 MW of electrolyser manufacturing capacity based on any stack technology. Waaree Energies secured the largest share with 300 MW,…

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Ola Electric IPO subscribed 0.35 times

Ola Electric Mobility Ltd.’s IPO saw a muted response on the first day (August 1). Retail investors fully subscribed within three hours. Investors bid for 163.4 million shares, or 0.35 times the 465.1 million shares offered. The bidding closes on August 6. The IPO was subscribed 0.35 times overall, led by retail investors at 1.57 times. Non-institutional investors subscribed 0.20%, while qualified institutional buyers made no bids. The employee quota was subscribed 4.88 times. Ola…