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Premier Energies completes Transcon Ind acquisition, takes 51% stake
Premier Energies Limited has completed the second and final tranche of its equity acquisition in Transcon Ind Limited, resulting in the company becoming a subsidiary with effect from April 3, 2026. The development follows earlier disclosures made on October 23, 2025 and December 24, 2025. In the final tranche, Premier Energies acquired 52,073 equity shares…
NTPC Green reports commercial operation of 100 MW IRPL capacity
NTPC Green Energy Limited (NGEL) has announced that 100 MW (Lot-6) of capacity from IRCON Renewable Power Limited’s (IRPL) 500 MW project has been declared under commercial operation, effective 17 September 2025. With this addition, IRPL has reached 400 MW of cumulative commissioned capacity. IRPL is a joint venture in which Ayana Renewable Power Private…
Torrent Power in early talks to acquire L&T’s thermal unit
Torrent Power Ltd. is in discussions to acquire the thermal power business of Larsen & Toubro Ltd. (L&T) in a deal estimated at around $1 billion, including debt. Both companies are working with financial advisers as part of the ongoing process. The transaction, if completed, would support L&T’s plans to raise funds and reduce debt….
CEA issues guidelines for tariff bidding in WTE projects
The Central Electricity Authority has issued guidelines under Section 63 of the Electricity Act, 2003 for tariff-based competitive bidding to procure power from grid-connected Waste to Energy projects. The guidelines set out a uniform process for procurement and seek to support new plants that use municipal solid waste as fuel. The guidelines apply to new…
US duty triggers sell-off in Indian solar stocks
Indian solar stocks declined sharply on February 25, 2026 after the US Commerce Department imposed a preliminary countervailing duty (CVD) of 125.87% on solar cell and module imports from India. Following the announcement, manufacturers including Emmvee Photovoltaic Power Limited, Waaree Energies Limited, and Premier Energies Limited issued statements indicating limited immediate impact on their business…
Reliance wins 350 MW solar project with battery storage
Reliance Power Limited, through its subsidiary Reliance NU Energies, has secured a 350 MW solar power project connected to the inter-state transmission system. The company received a letter of award from SJVN Limited, which conducted the competitive auction. This project will also include a 175 MW/700 MWh battery energy storage system (BESS), enabling better grid…
