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IREDA to raise Rs 50 billion via QIP
The Indian Renewable Energy Development Agency Limited (IREDA) has approved plans to raise up to Rs 50 billion through a qualified institutions placement (QIP) of equity shares in multiple tranches. Additionally, IREDA’s wholly owned subsidiary, IREDA Global Green Energy Finance IFSC Limited, has received registration from the International Financial Services Centre Authority to operate as…
Bajel Projects wins EPC contract for 220 kV Kalwa–Kalyan line in Mumbai
Bajel Projects Limited has secured an engineering, procurement and construction (EPC) contract from Tata Power Company Limited for the development of a 220 kV transmission line on monopoles for the Kalwa-Kalyan Pal Line project in Mumbai. The order is valued between Rs 50 crore and Rs 100 crore and is scheduled for completion within 10…
ACME Solar commissions second phase of Rajasthan BESS project
ACME Solar Holdings Limited (ASHL) has commissioned the second phase of its Battery Energy Storage System (BESS) project in Rajasthan through its wholly owned subsidiary, ACME Sun Power Private Limited. The newly commissioned phase adds 33.335 MW / 160.51 MWh of storage capacity and achieved Commercial Operation Date (COD) on March 14, 2026. The second…
ReNew sells 300 MW solar asset to Anzen for $176 million
ReNew Energy Global has entered into an agreement to sell its entire stake in ReNew Sun Waves Pvt Ltd (RSWPL) to Anzen India Energy Yield Plus Trust for $176 million. RSWPL operates a 300 MW solar asset in Jaisalmer, Rajasthan. The deal will close after fulfilling contractual obligations, conditions precedent, and lender approvals. The enterprise…
NHPC completes final phase of 300 MW Karnisar solar project
NHPC Ltd. has announced the completion of the final phase of its 300 MW Karnisar Solar Project in Bikaner, Rajasthan. In a filing dated October 10, 2025, the company confirmed the receipt of the Certificate of Successful Trial Run Completion for the fifth and final phase, covering a part capacity of 85.72 MW. With this…
Bharat Grid wins Rs 22.74 billion contract for smart metering in Gujarat
Bharat Grid Private Limited has won a contract worth Rs 22,739.73 million to provide Advanced Metering Infrastructure (AMI) services for smart prepaid metering in Paschim Gujarat Vij Company Limited (PGVCL). The project will be executed on a design, build, finance, own, operate, and transfer (DBFOOT) basis under Phase II of the Gujarat Revamped Distribution Sector…
