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IEX Q1 net profit rises 11.65% as power trading volume grows 15.9%
Indian Energy Exchange Limited (IEX) reported an 11.65% year-on-year increase in consolidated net profit to Rs 134.75 crore in Q1 FY27, supported by higher electricity trading volumes amid stronger power demand during the summer season. Revenue from operations increased 11.37% to Rs 157.87 crore during the quarter, compared with the corresponding period of FY26. Profit…
ABB launches Proteus portfolio for utility-scale solar and energy storage projects
ABB has launched its Proteus photovoltaic (PV) and Battery Energy Storage System (BESS) portfolio, targeting the growing demand for power conversion and grid integration solutions as utility-scale renewable energy deployment accelerates globally. The company said the portfolio is designed for utilities, power producers and renewable energy developers, with solutions aimed at improving energy yield, grid…
India’s non-fossil electricity capacity reaches 250 GW
India’s non-fossil fuel power generation capacity has reached 250 gigawatts (GW) in 2025, rising from 81 GW in 2014, according to Union Minister for New and Renewable Energy Pralhad Joshi. Joshi stated that India’s installed non-fossil capacity has grown more than three times over the past decade. He said the expansion reflects steady progress across…
UPSIDA earmarks industrial hubs for solar projects
The Uttar Pradesh State Industrial Development Authority (UPSIDA) has selected industrial zones across the state to set up solar power plants. The move falls under the Uttar Pradesh Solar Energy Policy 2022 and was announced on June 15, 2025. Sites include Surajpur Site-5 and EPIPР in Gautam Budh Nagar, TDS City in Ghaziabad, and the…
India | Generation | NewsCentre extends Section 11 directions for Tata Power’s Mundra plant
Tata Power Company Limited has received an extension from the Ministry of Power for the validity of directions issued under Section 11 of the Electricity Act, 2003, for its Mundra Thermal Power Plant in Gujarat. According to the company’s stock exchange filing dated June 23, 2026, the validity of the directions, which was earlier scheduled…
MoEFCC discusses expansion of major thermal power projects
The Ministry of Environment, Forest, and Climate Change (MoEFCC) recently reviewed and deliberated on the expansion of several major thermal power projects: Raigarh Thermal Power Plant ExpansionAdani Power Limited proposed expanding the Raigarh Thermal Power Plant in Chhattisgarh by adding 1,600 MW (2×800 MW) Ultra Supercritical units to the existing 600 MW plant. The project,…
