Reliance Energy Limited (REL), a subsidiary of Reliance Infrastructure Limited, has established two wholly-owned subsidiaries to implement renewable energy (RE) projects in India.
The subsidiaries, Reliance Zetta SolarTech Private Limited and Reliance Zetta Solar Private Limited, will focus on solar and other RE power generation projects, as well as associated transmission and distribution projects.
The Government of Odisha has approved a 2,400 MW coal-based ultra super critical thermal power project in Cuttack district. The project will be developed by Orissa Thermal Energy Limited (OTEL), a subsidiary of Adani Power Limited (APL). The Nilanchal Thermal Power Plant will be built in three phases of 800 MW each at Rahangol and…
Inox Wind Limited has divested a stake worth about Rs 175 crore in its engineering, procurement, and construction subsidiary, Inox Renewable Solutions Limited, at a valuation of nearly Rs 7,400 crore. The transaction comes after the stock exchanges cleared the demerger of the substation business from Inox Green and its merger into Inox Renewable Solutions….
Transformers & Rectifiers (India) Ltd (TARIL) reported steady financial growth in the fourth quarter (Q4) and full year FY26, with higher revenue and profitability across standalone and consolidated operations. The performance reflects continued execution strength and order inflows during the year. In Q4 FY26, revenue from operations stood at Rs 75,233 lakhs, up 16.2% year-on-year…
Mumbai-based rooftop solar company SolarSquare has raised $40 million in a Series B funding round led by Lightspeed, with Lightrock also participating. Existing investors, including Elevation Capital, Lowercarbon, Rainmatter, and Gruhas Proptech, contributed as well. The funds will support SolarSquare’s expansion to over 50 cities from its current presence in 20. Additional investments will focus…
Global Infrastructure Partners, part of BlackRock, will invest up to Rs 3,000 crore in Aditya Birla Renewables Limited. The company has said that the investment values the platform at about Rs 14,600 crore. GIP will provide Rs 2,000 crore in stages through compulsory convertible preference shares and equity shares. It also holds a greenshoe option…
The Expert Appraisal Committee (EAC) under India’s Ministry of Environment, Forest and Climate Change (MoEFCC) has recommended environmental clearance (EC) and Terms of Reference (ToR) for two ultra super-critical thermal power projects by Adani Power Limited (APL): the 1,600 MW Raipur (Raikheda) Thermal Expansion Project and the 3,200 MW Anuppur Thermal Power Plant.  1,600 MW…