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CIL backs 875 MW solar project with Rs 3,160 crore guarantee
Coal India Limited (CIL) has approved a corporate guarantee of up to Rs 3,160 crore for CIL Rajasthan Akshay Urja Limited (CRAUL), supporting debt financing for an 875 MW solar PV project in Rajasthan. The approval was granted at the company’s board meeting on March 23, 2026. CRAUL is a joint venture between CIL, which…
AMEA Power to develop 1500 MWh BESS in Egypt
AMEA Power has signed an agreement with the Egyptian Electricity Transmission Company (EETC) to develop two standalone battery energy storage systems (BESS) with a total capacity of 1500 megawatt-hours (MWh). Under the deal, AMEA Power will build a 500 MWh BESS station in Benban and a 1000 MWh BESS station in Zafarana. The project includes…
Inox Wind secures 51 MW turbine order from First Energy for Tamil Nadu project
Inox Wind Limited has received a 51 MW wind turbine order from First Energy Private Limited (FEPL) for a wind power project in Tamil Nadu. This is FEPL’s first order with Inox Wind. The order includes the supply of Inox Wind’s 3 MW class wind turbine generators. These turbines feature a 140-metre hub height and…
Polycab India records 12% growth in wires and cables business in Q3 FY25
Polycab India Ltd reported a 12% YoY growth in its wires and cables segment for Q3 FY25. While cable demand remained strong, copper price declines and high channel inventory led to a slowdown in the wires business. The international segment saw a remarkable 62% YoY growth, contributing 8.3% to total revenue. EBIT margins rose by…
Mitsubishi Electric invests $86 million in US switchgear production
Mitsubishi Electric Power Products (MEPP) and Mitsubishi Electric Corporation have announced an $86 million investment in the US to expand switchgear production and power electronics capabilities.  MEPP plans to construct a 160,000-square-foot advanced switchgear facility in Western Pennsylvania, its first new manufacturing site in over a decade. The facility will initially produce vacuum and gas…
Centre launches transmission projects in Gujarat
The Union Government has laid the foundation stone for two major transmission projects for the evacuation of renewable energy from the Khavda region in Gujarat. The first project is the Transmission System for Evacuation of Power from potential renewable energy zone in Khavda area of Gujarat under Phase-V (8 GW): Part A. The second project…
