ACME arm signs 450 MW FDRE PPAs with SJVN ACME Greentech Seventh Private Limited, a wholly owned subsidiary of ACME Solar Holdings Limited, has signed two Power Purchase Agreements (PPAs) with SJVN Limited for a total capacity of 450 MW under a Firm and Dispatchable Renewable Energy (FDRE) project. The agreements cover contract capacities of…
Bajaj Electricals appoints Rahul Pundir as Chief Supply Chain Officer Bajaj Electricals Limited has appointed Rahul Pundir as Chief Supply Chain Officer, effective March 2, 2026. After joining, he will be designated as Senior Management Personnel at the company’s next Board Meeting. The company disclosed the appointment to stock exchanges on February 24, 2026. Rahul…
Vikram Solar signs Rs 2,000 crore domestic cell supply deal Vikram Solar Limited has signed a domestic solar cell procurement agreement with Jupiter International Limited to source 2 GW of crystalline solar cells valued at about Rs 2,000 crore. The agreement was executed on February 20, 2026. The contract covers the supply of high-efficiency Tunnel…
CEA panel finds 55% MTL flexible operation does not damage thermal units A committee constituted by the Central Electricity Authority (CEA) found that operating thermal power plants at 55% minimum technical load (MTL) with conservative ramping rates does not result in significant damage to generating units. The report, based on meetings held between July and…
AdaniConneX incorporates Navi Mumbai Power Distribution subsidiary AdaniConneX Private Limited (ACX), a 50:50 joint venture of Adani Group and EdgeConneX, has incorporated a wholly owned subsidiary, Navi Mumbai Power Distribution Limited (NMPDL). NMPDL has been incorporated in India and registered with the Registrar of Companies (RoC), Ahmedabad, with a subscribed capital of Rs 100,000 divided…
Adani Green incorporates Skyspin Energy as step-down subsidiary Adani Green Energy Limited has incorporated a new step-down subsidiary, Skyspin Energy Limited (SEL). The entity was registered on February 17, 2026, as a wholly owned subsidiary of Adani Renewable Energy Holding Eleven Limited (AREH11L), an existing subsidiary of the company. SEL has been registered with the…
Inox Clean, RJ Corp form JV for African renewables Inox Clean Energy Limited, part of the INOXGFL Group, has formed an equal joint venture with RJ Corp Limited to enter the African renewable energy market. The partnership has acquired Skypower Services MENA Limited and plans to commission about 570 MW of renewable energy capacity in…
Bondada Engineering secures first major bank-funded term loan for BESS project Bondada Engineering Limited has received sanction for a term loan from Canara Bank to finance the debt component of its Battery Energy Storage System (BESS) project with TNGECL, the company announced in a regulatory filing. The sanction marks the company’s entry into large-scale, bank-funded…
MNRE clarifies customs duty eligibility for wind turbine components Ministry of New and Renewable Energy (MNRE) has issued a circular clarifying revised eligibility for concessional customs duty on imported forged steel rings used in wind energy generators. The clarification, dated 04 February 2026, follows Notification No. 02/2026-Customs issued by the Department of Revenue on 01…
Advait Energy wins Rs 20 crore ERS order from MSETCL Advait Energy Transitions Limited has secured a domestic Emergency Restoration System order from Maharashtra State Electricity Transmission Company Limited. The order was awarded on February 3, 2026, with a contract value of Rs 19,99,64,841.32, including taxes. It covers procurement of an ERS comprising ten towers,…