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Shakti Pumps raises Rs 2.93 billion through QIP

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Shakti Pumps has completed its qualified institutions placement (QIP) issue, raising Rs 2.926 billion from institutional investors. The shares were issued at Rs 918.00 each, reflecting a 4.97 per cent discount to the Securities and Exchange Board of India’s floor price of Rs 965.96. The funds will be used to set up a greenfield manufacturing plant for high-efficiency solar DCR (domestic content requirement) cells and solar photovoltaic (PV) modules. The facility will be located in…

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Waaree secures LoA for 21 MW solar projects in Maharashtra

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Waaree Renewable Energy Technologies Limited, formerly Sangam Renewables Limited, has received a Letter of Award (LoA) worth Rs 261.7 million. The company will develop a cumulative 21 MW/29.4 MWp decentralised solar power capacity in Maharashtra. The award was granted on July 2, 2025. The projects will be set up under Component C of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme, as part of feeder-level solarisation under the Mukhyamantri Saur Krushi Vahini…

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Insolation Energy wins 109.79 MW solar project in Rajasthan

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Insolation Energy Limited has received a Letter of Intent (LoI) from Jaipur Vidyut Vitran Nigam Limited (JVVNL) to set up a total of 109.79 MW of grid-connected solar power projects across Rajasthan.  The award was issued on June 30, 2025, under Component A of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme. The projects will be spread across multiple locations and implemented in phases: 96.59 MW across 51 locations at a levelised…

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Power Mech wins 13.66 MW solar contracts in Bihar

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Power Mech Projects Limited has secured contracts to develop a total of 13.66 MW of grid-connected distributed solar power projects in Bihar. The award was announced on June 26, 2025, by the Bihar State Power Generation Company Limited (BSPGCL). The contracts fall under the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme, specifically Component C2, which focuses on solarising agricultural and mixed feeders. Three projects will be developed: A 4.221 MW project at…

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CESC, BSPGCL invite bids for solar projects in Karnataka and Bihar

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Chamundeshwari Electricity Supply Corporation Limited (CESC) has invited bids to set up 72.55 MW of solar projects in Karnataka under the PM-KUSUM scheme. The request for proposal (RfP) was issued on June 20, 2025. The last date for bid submission is June 30, 2025. Projects will be developed under Component C of PM-KUSUM on a build, own and operate (BOO) basis. The scope includes design, supply, installation, testing, commissioning, and 25-year operation and maintenance. The…

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JDVVNL invites bids for 116 MW solar under PM-KUSUM in Rajasthan

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Jodhpur Vidyut Vitran Nigam Limited (JDVVNL) has issued an Expression of Interest (EoI) for the development of 60 grid-connected solar power systems under Component A of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme. The announcement was made on May 29, 2025, with the final bid submission date set for June 30, 2025. The systems will range from 0.5 MW to 2 MW each, adding up to a total capacity of 116…

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CESC and PEDA invite bids for over 170 MW of solar projects

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Chamundeshwari Electricity Supply Corporation Limited (CESC) has issued a Request for Proposal (RfP) for 142.64 MW of distributed solar power projects in Karnataka. Bids can be submitted until May 29, 2025. The projects will be developed on a build, own and operate (BOO) basis under the RESCO (Renewable Energy Service Company) model. They fall under Component C of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme. These solar plants will support agriculture…

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Koraam New Energie bags Rs1.86bn order for 5,500 solar pumps

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Koraam New Energie, a subsidiary of Kosol Energie, has secured an order worth Rs 1.86 billion for the supply of 5,500 solar pumps under Component B of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyaan (PM-KUSUM) scheme. The order was placed by various nodal agencies. Of the total, 3,000 pumps have been allocated under Maharashtra’s Magel Tyala Saur Pump Yojana. Out of these, 2,200 pumps have already been installed. Beyond pump supply, Koraam is…

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GP Eco wins Rs 655 million solar EPC order in Bareilly

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GP Eco Solutions India Limited has secured a Letter of Intent (LoI) worth Rs 655.2 million from Synergy Wave System LLP. The order is for engineering, procurement, and construction (EPC) works for setting up 12.6 MW/16.38 MWp grid-connected solar power plants under the RESCO (Renewable Energy Service Company) model in Bareilly, Uttar Pradesh. The LoI was issued on May 13, 2025, under Component C of the PM-KUSUM (Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan)…

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Crescentia Technology signs PPA for 65.7 MW solar project

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Crescentia Technology Private Limited, the special purpose vehicle (SPV) of Bhagyanagar India Limited, has signed a 25-year power purchase agreement (PPA) with Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) for setting up 65.7 MW of grid-connected solar power plants under the Renewable Energy Service Company (RESCO) model.  The project will be developed under the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) program at various locations across Uttar Pradesh. The firm had…