REC Limited disbursed Rs 546.92 billion in loans during Q3 FY25, marking a 17.98% year-on-year increase. Renewable energy loan disbursements grew by 58.09% to Rs 63.14 billion.
For the first nine months of FY25, REC disbursed Rs 1,456.47 billion, a 19.30% rise from Rs 1,220.89 billion in FY24. Renewable energy loans during this period totalled Rs 176.12 billion, reflecting a 78.68% year-on-year growth.
Waaree Energies Limited has acquired 100 per cent equity in Kamath Transformers Private Limited and Green New Delhi Forever Energy Private Limited, expanding its footprint in both manufacturing and power project development. The acquisition of Kamath Transformers, valued at approximately Rs 2.93 billion, marks Waaree’s entry into the transformer manufacturing segment. Kamath Transformers was established…
Martial Solren, a wholly-owned subsidiary of Mahindra Susten, has achieved financial closure for its 400 MW/560 MWp solar power projects in Gujarat and Rajasthan. The company secured a Rs14.48 billion loan from HDFC Bank and Axis Bank for the projects. In April and June 2023, Mahindra Susten won 100 MW each under the base capacity…
ACME Group has entered into a binding 10-year agreement with Solar Energy Corporation of India (SECI) to supply 370,000 tonnes per annum (tpa) of green ammonia. The contract, valued at an estimated INR 20,000 crore over its duration, is linked to capacity secured by ACME under Mode-2A, Tranche-I of the Strategic Interventions for Green Hydrogen…
CRI Pumps has been empanelled by Maharashtra State Electricity Distribution Company (MSEDCL) to supply 25,000 solar pumping systems under the Magel Tyala Saur Krushi Pump (MTSKP) scheme. Valued at Rs 7.54 billion, this initiative aims to promote renewable energy in Maharashtra’s agricultural sector. The solar pumps will help reduce farmers’ dependence on conventional electricity, enhancing…
Nash Energy has commissioned a fully automated battery pack manufacturing line with an initial capacity of 2 GWh at its facility near Bengaluru. This marks the first phase of the company’s plan to build 10 GWh of battery pack manufacturing capacity over the next five years. The new prismatic battery pack line at Dobbaspet, Bengaluru,…
Hitachi Energy India Limited announced its unaudited financial results for the third quarter ended December 31, 2025, reporting a strong year on year rise in profit. The company said higher execution levels, sustained demand across key segments, and a record order backlog supported the performance. For the quarter, net profit rose 90.3% to Rs 261.42…