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ACME Solar raises Rs 2,800 crore through QIP
ACME Solar Holdings Limited has completed a qualified institutions placement (QIP) of equity shares, raising around Rs 2,800 crore, according to a stock exchange filing dated June 4, 2026. The company’s Fund Raising Committee approved the allotment of 10,01,78,890 equity shares with a face value of Rs 2 each to eligible qualified institutional buyers at…
Tivolt and Tata Power to develop EV charging infrastructure
Tivolt Electric Vehicles Private Limited, a subsidiary of TI Clean Mobility, has partnered with Tata Power Renewable Energy Limited (TPREL) to build an electric vehicle charging ecosystem. Under the agreement, TPREL will use its expertise to establish charging stations at Tivolt dealerships, customer locations, and high-traffic public spaces across the country.
EIB and EDP secure €700m loans for renewables and grid expansion
The European Investment Bank (EIB) and Portuguese utility EDP have signed two loan agreements worth €700 million ($726.8 million) to fund renewable energy projects and expand the power grid in southern Europe. A €500 million loan, part of a €900 million green framework, will support EDP Renewables in deploying 1,943 MW of solar and onshore…
CAG audit flags operational gaps and revenue losses at NLC India
A performance audit by the Comptroller and Auditor General of India (CAG) identified operational, financial and compliance gaps at NLC India Limited’s lignite mines and thermal power stations in Neyveli, leading to revenue losses and safety and environmental concerns. The audit covered 2017-18 to 2022-23 and reviewed Mine-I, Mine-IA and Mine-II along with TPS-I Expansion…
Assam pauses green hydrogen policy, raising investor concerns
Assam has paused its flagship green hydrogen policy, causing concern among investors already affected by reduced clean energy incentives. The state had aimed to attract clean energy investments through subsidies and waivers. Energy firms such as NTPC Green, Larsen & Toubro, Sembcorp, and Abu Dhabi-based Ocior had shown initial interest in green hydrogen projects in…
ACME to set up 200 KTPA green methanol plant in Odisha
ACME Group has signed a partnership with the Industrial Promotion and Investment Corporation of Odisha Limited (IPICOL) to develop a 200 kilo tonnes per annum green methanol manufacturing facility in Kendrapada district. The project will be implemented through ACME Akshya Energy and is expected to generate more than 1,100 jobs, marking the first large-scale green…
