Crompton Greaves Consumer Electricals Limited has received a letter of empanelment and rate contract from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the supply and installation of off-grid DC solar photovoltaic water pumping systems across Maharashtra. The contract is valued at approximately Rs 29.77 crore, excluding GST. Order details The order covers the supply…
The Uttar Pradesh Electricity Regulatory Commission (UPERC) has approved 86 Power Purchase Agreements (PPAs) with a cumulative capacity of 240.6 MW under the feeder-level solarisation initiative of the PM KUSUM Scheme’s Component C-2. The approvals relate to solar projects to be developed across segregated agriculture feeders under the Renewable Energy Service Company (RESCO) model. The…
SWELECT Energy Systems Limited has announced that its wholly owned subsidiary, SWELECT SolarKraft Private Limited, has entered into an agreement to acquire a 49% equity stake in Gridnex Solar Power Private Limited for Rs 4.31 crore in an all-cash transaction. The acquisition will be carried out through a Share Purchase and Shareholders Agreement and is…
The central government has approved Rs 531 crore in Central Financial Assistance (CFA) for 553 solar power producers operating under Component-C of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme in Rajasthan. According to a senior official of the state energy department, the approved assistance will be released shortly through the Ajmer…
Vikran Engineering Limited has outlined an ambitious growth strategy for the coming years, targeting a significant increase in revenue, entry into the data centre engineering, procurement and construction (EPC) segment, and potential expansion into international markets. During its Q4 and FY26 earnings call, the company guided for revenue of Rs 2,200–2,500 crore in FY27, compared…
Vikran Engineering Limited reported audited financial results for the quarter and financial year ended March 31, 2026, with its consolidated order book crossing Rs 5,000 crore at the end of FY26. The company said the order pipeline was supported by large solar engineering, procurement and construction (EPC) wins and continued growth across infrastructure segments. As…
The Ministry of New and Renewable Energy (MNRE) has released a Standard Operating Procedure (SOP) for warranty management and claims settlement of solar photovoltaic (PV) modules installed under its distributed renewable energy programmes, including PM Surya Ghar: Muft Bijli Yojana and PM KUSUM. Under the new framework, manufacturers are required to provide a minimum 10-year…
The Ministry of New and Renewable Energy (MNRE) has extended the implementation timeline for projects under the PM KUSUM scheme, providing relief to developers and state agencies facing financing hurdles. The deadline extension applies to projects where Power Purchase Agreements (PPAs) or Notification to Proceed (NTPs) were signed or issued on or before December 31,…
The government is preparing PM-KUSUM 2.0 with a dedicated 10 GW agrivoltaic (agri-PV) component to support the co-location of solar panels with agricultural crops. Union Minister for New and Renewable Energy Pralhad Joshi announced the proposal at the 4th National Agro-RE Summit held in New Delhi on March 10, 2026. The planned component aims to…
Source: MNRE, Lok Sabha Unstarred Question No. 854, February 4, 2026 (data as of January 31, 2026).