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Reliance to launch clean energy gigafactories in Jamnagar within 18 months
Reliance Industries Ltd (RIL) has announced that its clean energy gigafactories in Jamnagar, Gujarat, will become fully operational over the next four to six quarters, according to Bloomberg. These facilities are central to the company’s $10 billion renewable energy and green hydrogen strategy, first unveiled in 2021. The Dhirubhai Ambani Green Energy Giga Complex spans…
Vikran Engineering targets Rs 2,500 crore revenue in FY27
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…
Vireon Hydrogen secures €3.8 million grant for 5 MW electrolyser in Finland
Vireon Hydrogen has received a €3.8 million grant from Business Finland to develop a 5 MW electrolyser facility at the Jyväskylä Hydrogen Hub in Finland. Phase one of the project focuses on constructing a hydrogen refueling station for heavy-duty transport, partly funded by a previous EU grant, and is expected to be operational by 2025. …
Tata Power and UCO Bank partner to expand rooftop solar financing
Tata Power Renewable Energy Limited has signed an MoU with UCO Bank to support the wider adoption of rooftop solar systems in India. The partnership focuses on easier and lower-cost financing aligned with the PM Surya Ghar: Muft Bijli Yojana. Under the agreement, UCO Bank will extend loans to salaried and self-employed consumers through the…
Sunsure Energy secures Rs 100 billion debt financing from REC
Sunsure Energy has signed an agreement with REC for debt financing worth Rs 100 billion to support the development of 3 GW of solar, wind, hybrid, and battery energy storage system (BESS) projects. The deal was inked during the fourth Global RE-Invest Meet and Expo organized by the Ministry of New and Renewable Energy (MNRE)…
MNRE receives approval for Rs 2,585 crore small hydro scheme
The Ministry of New and Renewable Energy (MNRE) has received administrative approval from the President of India for the implementation of the Small Hydro Power (SHP) Development Scheme for projects ranging from 1 MW to 25 MW. The scheme carries a total outlay of Rs 2,584.60 crore for the period from FY 2026–27 to FY…
