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Cygni Energy opens 4.8 GWh BESS gigafactory in Hyderabad
Cygni Energy has inaugurated a fully automated battery energy storage system (BESS) gigafactory in Hyderabad with an annual production capacity of 4.8 GWh. The facility, developed with an investment of over Rs 1 billion, is located at E-Mobility Valley in Maheshwaram’s electronics manufacturing cluster. Spanning 160,000 sq. ft., the Phase-I plant will manufacture high-capacity battery…
PGCIL, H.G. Infra acquire WR-ER transmission SPVs from RECPDCL
Power Grid Corporation of India Limited (PGCIL) and H.G. Infra Engineering Limited have completed the acquisition of project-specific Special Purpose Vehicles (SPVs) from REC Power Development and Consultancy Limited (RECPDCL) after emerging as successful bidders under the tariff-based competitive bidding (TBCB) process. The acquisitions, completed on June 30, 2026, relate to two interstate transmission projects…
Four firms qualify for Mahan Energen’s 1,230 MW power evacuation
Four companies have qualified as bidders after the opening of technical bids for the intra-state transmission system to evacuate 1,230 MW power from Mahan Energen Ltd.’s (MEL) 2×800 MW thermal power project. The qualified firms are Power Grid Corporation of India Ltd (PGCIL), Adani Energy Solutions Ltd (AESL), Megha Engineering & Infrastructures Ltd (MEIL), and…
Sterlite Electric files DRHP with SEBI for IPO
Sterlite Electric Limited, formerly known as Sterlite Power Transmission Limited, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). The IPO will consist of a fresh issue of up to 7.793 million equity shares and an offer for sale of up…
NTPC and Indian Army to establish solar hydrogen microgrid in Ladakh
NTPC, in partnership with the Indian Army, is set to deploy a solar hydrogen-based microgrid at Chushul, Ladakh, aimed at providing stable, renewable power to off-grid Army locations. The 200 kW microgrid system will use hydrogen as an energy storage medium, replacing diesel generators currently operating at the remote site, situated at an altitude of…
India | Generation | NewsNTPC-MAHAGENCO consortium completes STPL acquisition
NTPC Limited, in consortium with Maharashtra State Power Generation Company Limited (MAHAGENCO), completed the acquisition of Sinnar Thermal Power Limited (STPL) on February 24, 2026. The transaction was executed under a Resolution Plan approved by the National Company Law Tribunal (NCLT) following STPL’s Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016. The…
