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PMG proposes transmission scheme for solar zones in Rajasthan and Gujarat
The Project Monitoring Group (PMG) has proposed a major transmission scheme to support solar power zones in Rajasthan and Gujarat. The plan was discussed in a meeting held on July 3, 2025. PMG functions under Invest India, which is housed within the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce. The…
Tata Power Renewable signs 80 MW PPA with Tata Power Mumbai
Tata Power Renewable Energy Limited (TPREL) has signed a Power Purchase Agreement (PPA) with Tata Power Mumbai Distribution to develop an 80 MW Firm and Dispatchable Renewable Energy (FDRE) project. The initiative will generate 315 MUs annually and reduce over 0.25 million tons of COâ‚‚ emissions, supporting India’s clean energy goals. The project will integrate…
Cabinet approves Rs 1,500 crore scheme for critical mineral recycling
The Union Cabinet has cleared a six-year, Rs 1,500 crore incentive scheme to boost domestic recycling of critical minerals from secondary sources. Part of the National Critical Mineral Mission, the scheme will support extraction from e-waste, lithium-ion battery scrap, and end-of-life vehicle parts. Incentives include a 20% capital subsidy for new and expanded units, and…
Adani Energy adds 2,000 ckm to transmission portfolio
Adani Energy Solutions Ltd (AESL) has added over 2,000 circuit kilometers (ckm) to its under-construction power transmission portfolio with three new project wins in Q2 FY25. These projects, totalling 2,059 ckm of transmission lines and 13,500 MVA of substation capacity, bring AESL’s total under-construction portfolio to 5,155 ckm of lines and 35,071 MVA. All three…
CleanMax raises Rs 15 billion in pre-IPO round led by Temasek, Bain
CleanMax Enviro Energy Solutions has raised Rs 15 billion in a pre-initial public offering (IPO) funding round led by Temasek Holdings and Bain Capital, ahead of its planned market debut expected later this month. The pre-IPO placement also saw participation from Steadview Capital, 360One and Steinberg India Emerging Opportunities Fund. Several family offices joined the…
Vedanta to invest Rs 1 trillion in Rajasthan
Vedanta has announced plans to invest more than Rs 1 trillion in Rajasthan, covering its zinc, renewable energy, and oil and gas divisions. This investment is expected to create around 200,000 jobs and support the development of over 500 downstream industries across various sectors. Hindustan Zinc, a Vedanta Group company, will invest Rs 300 billion…
