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Tata, MG offer free charging, battery rentals to lure EV buyers
India’s leading electric vehicle (EV) manufacturer, Tata Motors, is offering free charging and discounts to attract consumers, while rival MG Motor has launched a pioneering battery rental plan. These efforts aim to address slowing sales growth in the EV market, which currently accounts for 2% of India’s 4.2 million annual car sales. Sales growth has…
CG Power to expand power transformer capacity to 40,000 MVA
The board of CG Power & Industrial Solutions Ltd has approved the expansion of its power transformer manufacturing capacity from 35,000 MVA to 40,000 MVA with an estimated investment of Rs 270 million. This decision, made on October 21, 2024, follows previous expansions, including an ongoing upgrade from 25,000 MVA to 35,000 MVA at its…
Websol to supply 100 MW MONO PERC solar cells to Luminous Power
Websol Energy Systems Private Limited has signed a purchase agreement with Luminous Power Technologies Private Limited for the supply of 100 MW of MONO PERC solar cells. The agreement was signed on April 5, 2025. The supply is scheduled to take place over a one-year period, from April 2025 to April 2026. The solar cells…
Saatvik secures Rs 6.89 billion solar module orders across India
Saatvik Green Energy Limited and its subsidiary Saatvik Solar Industries Private Limited have received solar photovoltaic (PV) module supply orders worth Rs 6.89 billion from independent power producers and engineering, procurement, and construction developers across India. Of the total, Saatvik Green Energy received Rs 0.51 billion in orders, scheduled for execution by November 2025. Its…
India plans Rs 900 billion investment in undersea power links to Gulf nations
The Government of India is planning to invest Rs 900 billion in setting up undersea power transmission cables to the Middle East. The proposed investment includes Rs 470 billion for the India–Saudi Arabia interconnection and Rs 430 billion for the India–UAE interconnection. These sub-sea links are part of a broader regional power integration strategy. Other…
IREDA signs MoU with MNRE, setting FY 2025-26 performance targets
The Indian Renewable Energy Development Agency Limited (IREDA) has signed a performance-based Memorandum of Understanding (MoU) with the Ministry of New and Renewable Energy (MNRE) for the financial year 2025-26. Under the agreement, IREDA has been given a Revenue from Operations target of Rs 8,200 crore for FY 2025-26. In the previous fiscal year, the…
