Power Sector News Roundup for October 3, 2025

Evonith Steel acquires 85 MW IPPL power plant via IBC route Nagpur-based Evonith Steel has acquired Wardha-based Indrajit Power Pvt Ltd (IPPL), an 85 MW coal-based power producer, for Rs 232 crore through the Insolvency and Bankruptcy Code (IBC) process. The National Company Law Tribunal (NCLT) approved the acquisition on April 20. The plant is…

NHPC commences construction of 260 MW Dulhasti Stage-II project NHPC Limited has commenced construction activities for the 260 MW Dulhasti Stage-II Project in Jammu & Kashmir. Shri Sanjay Kumar Singh, Director (Projects), NHPC, inaugurated the works on May 27, 2026 by taking the first blast for the Adit to Head Race Tunnel (HRT). The project…

ISTS waiver extended for RE projects delayed by transmission gaps The Ministry of Power issued an Office Memorandum on April 16, 2026, clarifying eligibility for graded waiver of Inter-State Transmission System (ISTS) charges for renewable energy projects delayed due to transmission infrastructure gaps. Projects with a firm start date of connectivity between July 1, 2025…

Maharashtra clears Rs 12,303 crore MAGESTIC clean energy programme The Maharashtra government has approved a Rs 12,303 crore programme to expand renewable energy and grid infrastructure. The MAGESTIC initiative targets increasing renewable energy share from 17% to 50% by 2030 and includes 40 new substations, transmission upgrades, and high-efficiency conductors. It plans 16,000 MWh of…

GAIL signs pact for 600 MW solar project with BESS in Jhansi GAIL (India) Limited has signed contract agreements with TUSCO Limited for developing a 600 MW solar power project at TUSCO’s Solar Park in Jhansi, Uttar Pradesh. The project will include a 550 MWh Battery Energy Storage System (BESS) to support reliable power supply…