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SIDBI and AFD sign $100 million credit facility to boost green finance for MSMEs
The Small Industries Development Bank of India (SIDBI) and Agence Française de Développement (AFD) have signed a $100 million credit facility agreement aimed at enhancing green finance solutions for micro, small, and medium enterprises (MSMEs) in India. Under the agreement, AFD will provide SIDBI with a $100 million credit line, which will be used to…
India and Saudi Arabia sign energy pact
India and the Kingdom of Saudi Arabia have signed an agreement to deepen cooperation in the energy sector, prioritising security of supply across all energy sources. Both sides agreed to collaborate on balancing global energy market dynamics and strengthening supply chain resilience. The agreement includes support for India’s strategic petroleum reserve programme and extends to…
Rays Power Infra Secures Rs 9.4 billion Solar Projects
Rays Power Infra has secured solar projects worth Rs 9.4 billion, totalling 362 MW, in Rajasthan.  Additionally, the company won a 600 KW / 3000 KWh flow battery project from NTPC. Ketan Mehta, MD & CEO, expressed excitement over the projects, emphasizing the company’s leadership and commitment to innovative energy solutions. Since its inception in…
NTPC Q2 FY 2025 net profit rises 14% to Rs 53.8 billion, revenue slightly declines
State-run power generator NTPC Ltd reported a consolidated net profit of Rs 53.8 billion for the second quarter of 2024-25 (Q2 FY 2025), a 14% increase from Rs 47.26 billion in the same period last year. Revenue from operations in the September quarter stood at Rs 446.96 billion, a slight decline from Rs 449.83 billion…
L&T and John Cockerill partner to explore solar power and energy storage
L&T Energy Green Tech Limited (LTEGL), a subsidiary of Larsen & Toubro (L&T), has signed a Memorandum of Understanding (MoU) with Belgium-based John Cockerill Energy. The agreement, signed on March 24, 2025, focuses on developing technologies in Concentrated Solar Power (CSP) and Thermal Energy Storage (TES). LTEGL is committed to advancing sustainable energy solutions, including…
RDB Infra, NRG Renewable to build 51 MW solar project in Maharashtra
RDB Infrastructure and Power Limited has signed a memorandum of understanding (MoU) with NRG Renewable Resources Private Limited to develop a 51 MWac solar power project in Maharashtra. The project, valued at Rs 2.77 billion, will be executed across six locations in the state. Work is expected to begin within seven days of receiving the…
