Here is an ongoing summary of short news stories of 2025. These stories have not been covered elsewhere on this portal.
Delhi Development Authority (DDA) and Convergence Energy Services Ltd (CESL) have signed an agreement to develop electric vehicle (EV) charging and battery swapping stations across DDA sports complexes in the city. As part of the agreement, DDA will provide adequate vacant land at identified locations within its sports complexes. CESL will utilise these sites, spread across Delhi, to establish and operate public charging infrastructure. (March 14, 2025)
HPL Electric & Power Ltd, in a stock exchange filing, said that it has received orders worth Rs.369.90 crore (inclusive of taxes) for smart meters to be supplied to its regular leading customers. These orders will be executed as per the terms and conditions of the purchase order/supply agreement, HPL said without giving further details on the orders. (March 13, 2025)
REC Ltd has signed an MoU with the Energy Management Centre (EMC), Government of Kerala, for collaboration and financing of pumped storage projects (PSP) in Kerala. Under this agreement, REC intends to finance Rs.18,360 crore in the PSP segment in Kerala over the next five years. The Energy Management Centre is an autonomous organization under the Department of Power, Government of Kerala. (March 13, 2025)
Tata Power has launched ‘Club Enerji Eco Crew’—India’s largest energy literacy movement to create awareness about solar energy usage and promote eco-conscious practices among school students. Eco Crew seeks to reach over 5 lakh students across 1,000 schools in Uttar Pradesh, covering 24 towns, including key locations like Lucknow, Varanasi, Ayodhya, Meerut, Agra and Kanpur. The program is designed to instill a sense of environmental responsibility in students by educating them about the benefits of solar power viz adoption of rooftop solar and sustainable practices, a release from Tata Power said. (March 13, 2025)
CG Power & Industrial Solutions Ltd (CG) has entered into a long-term supply agreement with Kinet Railway Solutions Ltd for supply and servicing of railway products including propulsion kits with motors, transformers and various other items. As part of this agreement, the first purchase order, ranging between Rs.400 crore to Rs.450 crore, has been secured by CG for the supply of railway products for 10 Vande Bharat trainsets. Apart from this purchase order, a separate 35-year service order is also a part of the said long-term agreement, CG said in a stock exchange communication. (March 12, 2025)
Vertiv has announced its partnership with BRIGHT-I Systems Ltd as the exclusive service partner in Bangladesh. BRIGHT-I becomes the first official franchisee partner of Vertiv to service local businesses and organizations for power and thermal products in the country. Under the service arrangement, Vertiv customers across Bangladesh can expect BRIGHT-I Systems to provide end-to-end after-sales service, including installation and emergency and preventive maintenance, a release from Vertiv said. (March 11, 2025)
Schneider Electric Infrastructure Ltd (SEIL) said that it would be increasing its RMU (ring main unit) manufacturing capacity by 25 per cent, taking it to around 32,000 functions. Towards this, the SEIL board approved a capital expenditure plan of around Rs.15.8 crore, which would be met through internal accruals and borrowings. The capacity expansion plan is likely to be completed by end of June 2026. SEIL’s current RMU capacity is around 25,600 functions and is operating at around 90 per cent. The rationale behind the capacity expansion was to meet market demand, SEIL said in a stock exchange communication. (March 10, 2025)
Sterlite, engaged in manufacture and supplying high-performance power conductors, extra-high voltage (EHV), high voltage (HV) and medium voltage (MV) cables and optical ground wires (OPGW), has announced the appointment of Ms Monica Madan as the Chief Financial Officer. She takes over the responsibilities previously held by Parag Jain. Madan has over two decades of experience across Fortune 500 companies, and most recently, she served as the CFO of Schneider Electric Ireland, where she played a key role in driving financial transformation and business growth, a release by Sterlite said. (March 10, 2025)
Inox Wind Ltd (IWL) has bagged a 153-MW order from an unnamed renewable energy developer for the supply of IWL’s 3 MW class turbines for a project being developed in Tamil Nadu. Additionally, IWL will provide limited scope EPC for the project as well as multi-year operations & maintenance (O&M) services post the commissioning of the turbines, IWL said in a release. (March 7, 2025)
Kalpataru Projects International Ltd (KPIL) has announced that the company, along with its international subsidiaries, have secured new orders worth Rs.2,306 crore inclusive of overseas orders in the power T&D segment. These orders have taken KPIL’s consolidated order inflows in FY25 so far to around Rs.22,500 crore, KPIL said in a regulatory filing. (March 6, 2025)
Quality Power Electrical Equipments Ltd has announced the acquisition of 51 per cent equity stake in Rajasthan-headquartered Mehru Electrical & Mechanical Engineers Pvt Ltd, a leading manufacturer of high-voltage instrument transformers for utilities, industries and power transmission networks. Completed at a consideration of Rs.120 crore, this acquisition represents a strategic milestone, aligning with Quality Power’s long-term vision to expand its technological capabilities, USP, manufacturing scale and global market reach. (March 6, 2025)
Bajel Projects Ltd has announced the appointment of Piyush Bansal as “Joint President & Business Head – Power Transmission,” effective March 6, 2025. Bansal brings expertise in project execution and contracts management in renewable energy, transmission, distribution, metro rail, rural electrification and railway electrification projects, a stock exchange notification from Bajel said, adding that prior to this appointment, Bansal was leading the power T&D business at Sterling and Wilson, as its Chief Operating Officer. (March 6, 2025)
RE Technologies GmbH, the global R&D organisation of Senvion India, through a partnership with HASSLACHER Green Tower GmbH, is working to create timber-hybrid towers for its newly launched 4.2M160 wind turbine. The ongoing feasibility study regarding wooden towers will soon be completed. The towers will undergo comprehensive testing on a prototype and receive certifications prior to serialization. (March 6, 2025)
The Odisha and Delhi discoms of Tata Power achieved a significant national recognition as linemen from these utilities were felicitated by the Central Electricity Authority (CEA) on Lineman Diwas 2025 in New Delhi. A special recognition segment honoured four high-performing discoms and five best Linemen. Among the awardees were Ladu Kishore Pradhan from TP Central Odisha Distribution Ltd. and Jai Hind from Tata Power-DDL for their exemplary contributions to power distribution and service reliability. More than 160 linemen and linewomen from over 45 state and private power distribution, generation, and transmission companies across India participated in the event, a release by Tata Power said. (March 6, 2025)
Vikram Solar plans to setup a 1-GWh fully-integrated solid-state cell and battery manufacturing facility with proprietary battery management system (BMS) technology. This facility, initially designed to scale up to 5 GWh, is expected to cater to the growing energy demands of a rapidly evolving global market, a release by Vikram Solar said. (March 6, 2025)
GHV Infra Projects Ltd (formerly, Sindhu Valley Technologies Ltd) has won a Rs.363-crore EPC order from GHV India Pvt Ltd. The order, to be completed in 15 months, entails putting up a 100-MW ISTS solar power project in Gujarat, followed by O&M for a three-year period. (March 5, 2025)
Star Delta Transformers Ltd has entered into a land purchase agreement with a Bhopal-based partnership firm for purchase of 10,000 sqft of land owned by the latter. Located at Sector A, Govindpura Industrial Estate in Bhopal, this land will be used by Star Delta for its future business expansion and capacity addition, the company said in a stock exchange notification, adding that the sale deed was to be executed soon. (March 5, 2025)
Suzlon has secured an order of 204.75 MW from Jindal Green Wind 1 Pvt Ltd under which Suzlon will supply 65 units of S144 wind turbine generators with hybrid lattice towers, each rated at 3.15 MW. The energy generated will be utilized for captive consumption in steel plants located in Chhattisgarh and Odisha. This is the third order for Suzlon from the same customer taking the total order size to 907.20 MW, making it the company’s largest C&I order. (March 4, 2025)
Recyclekaro has announced a major expansion of its operations, increasing its total recycling capacity to 24,000 tonnes annually at its facility in Palghar, near Mumbai. This expansion significantly boosts Recyclekaro’s e-waste recycling capacity from 7,500 tonnes to 24,000 tonnes per year and battery recycling capacity from 4,200 tonnes to 10,000 tonnes per year, a company release said. (March 4, 2025)
Transformers & Rectifiers (India) Ltd [TARIL] has won an order valued at Rs.272 crore from Adani Group for supply of transformers. Besides, TARIL also landed an export mandate of Rs.78 crore to supply transformers to Iraq-based Al Sabha Group and Powerlink Queensland (Australia). All the orders are scheduled to be completed by next fiscal year, FY26, TARIL said in a stock exchange notification. (March 3, 2025)
Advait Energy Transitions Ltd has reported the winning of an order from Parbati Koldam Transmission Company Ltd – owned by IndiGrid Infrastructure Trust – related to emergency restoration system (ERS) for the 2x400kV single-circuit Parbati-Koldam transmission line and the 400kV double-circuit Koldam-Ludhiana transmission line. The order is scheduled for completion in ten months. (March 3, 2025)
REC Ltd has signed an MoU with the Government of Madhya Pradesh at the Global Investors Summit 2025 in Bhopal. Under this agreement, REC has committed to providing financial support of Rs.21,000 crore over the next five years for the development of power sector infrastructure in the state. The investment will focus on strengthening transmission and distribution infrastructure, promoting sustainable energy solutions, and improving overall power reliability for industries, businesses, and households across the state, a release from REC said. (March 2, 2025)
February 2025
GE Power India Ltd (GEPIL) has reported the winning of an additional order worth Rs.273.50 crore from Greenko KA01 IREP Pvt Ltd. The order entails engineering, manufacturing, procurement, supply, installation and testing of electromechanical equipment for one additional unit of 320-MW for the Saundatti pumped storage project (PSP) in Karnataka. The original order, worth Rs.863.40 crore, was placed by the same client for the same project, and was associated with various works corresponding to 1,280 MW of capacity. The original order win was announced by GEIPL in April 2022. (February 28, 2025)
Bisleri International Pvt Ltd has partnered with Schneider Electric’s Sustainability Business to enhance energy efficiency and expand the use of renewable energy. As part of the partnership, up to 13.6 MW of solar power will be installed across six major Bisleri International plants in Maharashtra, Tamil Nadu, Karnataka, and Uttar Pradesh. Bisleri has already deployed rooftop solar panels that generate 2.5 per cent of its energy from renewable sources, an official release said. (February 28, 2025)
Adani Green Energy Twenty Five A Ltd, a wholly-owned stepdown subsidiary of Adani Green Energy Ltd (AGEL) has operationalized incremental 275 MW of solar power capacity at Khavda, Gujarat. With commissioning of this plant, AGEL’s total operational renewable generation capacity has increased to 12,258.1 MW (or 12.26 GW), AGEL said in a stock exchange notification. (February 28, 2025)
TP Solar Ltd, a wholly-owned subsidiary of Tata Power Renewable Energy Ltd (TPREL) and a subsidiary of Tata Power, has secured a contract worth Rs.632 crore from Solar Energy Corporation of India Ltd for the supply of 292.5 MWp DCR (Domestic Content Requirement) Solar Modules in Ramagiri, Andhra Pradesh. The project is scheduled for delivery over four months, from October 2025 to January 2026, Tata Power said in a regulatory filing. (February 28, 2025)
The board of directors of UltraTech Cement Ltd, part of the Aditya Birla Group, in its meeting on February 25, 2025, approved capital expenditure of Rs.1,800 crore to be made over the next two years, to support the company’s diversification in the wires and cables business. The proposed entry into this segment of the construction value chain through its Building Products Division, is in line with the company’s strategy to strengthen its position as a comprehensive building solutions provider, UltraTech said in a stock exchange communication. (February 25, 2025)
Jyoti Structures Ltd has announced the winning of an order valued at Rs.389.36 crore (including GST) from Adani Energy Solutions Ltd, to be executed in Maharashtra. To be completed in 18 months, the order involves supply of towers, survey, soil investigation, foundations, erection, stringing, testing and commissioning of 765kV double-circuit transmission Line 1B of Boisar II-Pune III on turnkey basis. (February 25, 2025)
Recyclekaro, engaged in e-waste management and lithium-ion battery recycling, has announced a major expansion of its operations, increasing its total annual recycling capacity to 24,000 tonnes at its Palghar facility, near Mumbai. This expansion boosts Recyclekaro’s e-waste recycling capacity from 7,500 tonnes to 24000 tonnes per year, and battery recycling capacity from 4,200 MT to 10,000 MT per year, a company release said. (February 25, 2025)
WattPower has successfully produced and supplied nearly 15 GW of solar string inverters in just 17 months, a company release said. A key driver of this success is WattPower’s state-of-the-art manufacturing facility in Chennai, established in 2022. With an annual production capacity of 9.9 GW, the facility produces advanced solar string inverters, including the flagship 330KTL model. The plant’s semi-automated assembly line and stringent quality checks ensure each product meets the highest performance and durability standards. Designed for longevity, WattPower’s inverters feature minimal moving parts, ensuring a lifespan of up to 25 years, the release added. (February 25, 2025)
The Committee of Creditors of Vidarbha Industries Power Ltd, a company undergoing Corporate Insolvency Resolution Process (CIRP) under the IBC Code 2016 has approved the resolution plan submitted by Adani Power Ltd (APL). In a stock exchange notification, APL said that it received a letter of intent from the Resolution Professional on February 24, 2025. VIPL owns and operates a 2×300 MW (600 MW) thermal power plant located in MIDC Industrial Area, Butibori, Nagpur, Maharashtra. (February 24, 2025)
NTPC Ltd and EDF India Pvt Ltd (owned by Électricité de France SA) have signed a non-binding term sheet and collaborated to develop (including construction), own, operate and maintain pumped storage project(s) and/or any other hydro power project(s) or Hydro Project(s) bundled with other Renewable Energy projects and explore opportunities in distribution business. Subsequent to the signing of the term sheet on February 23, 2025, NTPC and EDF propose to form a joint venture company with 50:50 partnership after requisite approval from the Government of India. (February 24, 2025)
NTPC Green Energy Ltd (NGEL) and Bharat Light and Power Pvt Ltd (BLP), on February 19, 2025, signed an MoU to address the need for pacing green energy objectives and the GoI’s efforts towards carbon neutral economy. The MoU seeks to jointly explore the off-take of green hydrogen and its derivatives from NGEL and its affiliates to third parties. Opportunities for selling captured carbon or biogenic carbon from NGEL will also be in scope. (February 21, 2025)
Tata Power has embarked on a data-driven transformation with Amazon Web Services (AWS) to accelerate the country’s transition to a greener, smarter, and more consumer-centric energy ecosystem. Tata Power is strengthening operational efficiencies, enhancing grid resilience, and empowering its large consumer base, spread across multiple states, to be active participants in India’s clean energy future and transition to a low-carbon economy. Tata Power has already laid a robust digital foundation by migrating 23 mission-critical applications to AWS using Amazon Elastic Kubernetes Service (EKS), a release from Tata Power said. (February 20, 2025)
Alpex Solar Ltd has secured a Rs.25-crore order from Maharashtra State Electricity Distribution Co. Ltd (MSEDCL). The order is part of the Magel Tyala Saur Krushi Pump scheme, a key initiative aimed at enhancing agricultural productivity by providing farmers with access to sustainable solar-powered water pumps. As part of this significant contract, Alpex Solar will supply MSEDCL with 2,000 solar water pumps, helping to accelerate the use of clean energy in agriculture across Maharashtra. (February 19, 2025)
Sharika Enterprises Ltd has announced the signing of a joint venture agreement with SPIN Engenharia, a Brazilian company specializing in advanced automation and control systems for the energy sector. The JV aims to leverage the combined technical expertise and market experience of both companies to deliver cutting-edge solutions that enhance efficiency, reliability, and scalability in India’s evolving energy distribution infrastructure. The collaboration marks a significant milestone in the development of India-specific Supervisory Control & Data Acquisition (SCADA) and Advanced Distribution Management & Outage Management System (ADMS), a release by Sharika Enterprises said. (February 18, 2025)
Waaree Renewable Technologies Ltd (Waaree RTL) announced that it has won an order valued at around Rs.40 crore from an undisclosed independent power producer (IPP) for executing a 40 MWh battery energy storage system (BESS) project on EPC basis. The order is scheduled for completion in FY26, Waaree RTL said in a stock exchange filing. (February 13, 2025)
Tata Power Renewable Energy Ltd has signed a non-binding MoU with Oil & Natural Gas Corporation Ltd to explore joint opportunities in the Battery Energy Storage System (BESS) and its value chain. The collaboration aims to jointly explore and identify commercial opportunities across various segments of the BESS value chain, including utility-scale systems, grid stabilization services, renewable energy integration, microgrids, hybrid energy solutions, industrial and commercial storage solutions, backup power, electric vehicle (EV) charging infrastructure, and energy trading through ancillary services. (February 13, 2025)
Suzlon Group has secured a repeat order from Oyster Renewable to supply 64 wind turbine generators (S144 model) with hybrid lattice towers, each with a rated capacity of 3.15 MW, for deployment in Madhya Pradesh. With this latest addition of of 201.6 MW, Suzlon’s partnership with Oyster Renewable has now grown to 283.5 MW in Madhya Pradesh within just nine months, a release from Suzlon said. (February 12, 2025)
Navi Mumbai-headquartered Prostarm Info Systems Ltd announced it has received in-principle approval from Securities & Exchanges Board of India (SEBI) to launch its initial public offering comprising fresh issue of up to 160 lakh equity shares of Rs.10 each, proposed for listing on BSE and NSE. Established in 2008, the company manufactures several power solution products under the Prostarm brand, such as UPS systems, inverter systems, lift inverter systems, solar hybrid inverter systems, lithium-ion battery packs, servo-controlled voltage stabilisers, and isolation transformers. (February 12, 2025)
REC Ltd has signed an agreement with Chenab Valley Power Project Ltd (CVPPL) to provide a term loan of around Rs.2,147.51 crore that will be utilized for the development and construction of the 1,000-MW greenfield Pakal Dul Hydro Electric Project with a total estimated cost of ₹12,669.67 crore. The project is being developed on the Marusadar River, located in the Kishtwar District of the UT of Jammu & Kashmir. (February 12, 2025)
Waaree Group announced that it conducted the ground-breaking ceremony of its proposed advanced alkaline electrolyser manufacturing facility in Valsad, Gujarat, on February 10, 2025. The facility will have an initial production capacity of 300 MW. This diversification plan aligns with India’s National Green Hydrogen Mission, and the proposed plant will cater to green hydrogen requirements of industries such as steel, refining, transportation, fertilizers, chemicals, food, and power generation. (February 11, 2025)
GREW Solar has announced that it would invest Rs.3,000 crore in putting up a manufacturing facility in Madhya Pradesh to produce 3 GW of solar cells annually. The plant is expected to come up on a 60-acre land expanse at Narmadapuram, near Bhopal. Meanwhile, GREW Solar recently started operations at the second unit of the Jaipur plant in Rajasthan, and has also started construction on the third. The total envisaged capacity at Jaipur is 8 GW of solar modules per year. (February 11, 2025)
Waaree Energies Ltd has announced the commencement of commercial production at its 1.4 GW Monocrystalline PERC (Mono PERC) solar cell production line in Chikhli, Gujarat. This marks the first phase of commissioning at India’s largest solar cell manufacturing facility, which has a total planned capacity of 5.4 GW, including 4 GW of high-efficiency TOPCon solar cells to be commissioned in the next phase. (February 11, 2025)
Eastman Auto & Power Ltd, through its subsidiary Eastman New Energy Pvt Ltd. has announced a strategic partnership with MTOW Mobility Pvt Ltd (Urja Mobility) in battery leasing in the electric three-wheeler segment. As part of the collaboration for which an MoU has been signed between the two parties, Urja Mobility has decided to engage Eastman for supplying 20,000+ lithium-ion batteries to execute the battery leasing solution across the country. Eastman will integrate Urja Mobility’s IoT and software solutions into its lithium battery products to enable remote monitoring and analytics, a release from Eastman said. (February 11, 2025)
Ashoka University announced the establishment of the Havells School of Management & Leadership, supported by Havells India. This new institute will complement the university’s current focus on humanities, social sciences, natural sciences, and computer science. Its management and leadership programmes will be fully integrated with Ashoka’s liberal education approach. Havells India has committed Rs.250 crore towards the cause, a company release said. (February 11, 2025)
Gautam Solar announced that two advanced high-speed production lines are currently being installed at its new solar module manufacturing plant at Bhiwani in Haryana. This will enhance total production capacity to 3.2 GWp by March 2025. The newly-commissioned Bhiwani plant is considered to be the biggest module manufacturing plants in the region had has recently helped Gautam Solar surpass 2 GW of solar module capacity. (February 11, 2025)
The Bombay High Court, in its order dated February 6, 2025, has permitted Adani Electricity Mumbai Infra Ltd to cut 209 mangroves for setting up an electricity transmission line near the Vasai creek for the supply of electricity to Mumbai and its suburbs. Adani Electricity Mumbai Infra Ltd, a 100 per cent subsidiary of Adani Electricity Mumbai Ltd, is developing a intrastate HVDC scheme involving 80 ckm of lines and 1,000 MW of transfer capacity, under the regulated tariff mechanism (RTM) route. (February 7, 2025)
Gensol Engineering Ltd announced that it has been awarded a contract by an undisclosed public sector undertaking for the development of a 245-MW solar PV project at the Khavda RE Power Park in Gujarat. Valued at approximately Rs.967.98 crore (inclusive of GST), the contract includes three years of comprehensive O&M services. (February 7, 2025)
Bajel Projects Ltd, in a release, said that it has secured three major orders in January 2025 that have expanded the company’s order book by approximately Rs.940 crore (excluding GST) within a month. Commenting on the development, Rajesh Ganesh, MD & CEO, Bajel Projects Ltd. said, “Securing three major orders in January demonstrates the trust our clients place in our expertise and capabilities. As we continue to expand, we remain focused on operational efficiency, timely execution, and building a resilient organisation.” (February 6, 2025)
Godawari Power & Ispat Ltd (GPIL) said that steel billets manufactured by the company have been approved by Power Grid Corporation of India Ltd (PGCIL) for use by all manufacturers of galvanized steel structures for power transmission projects of PGCIL. Earlier, GPIL used to source billets from other leading steel producers including Steel Authority of India Ltd. GPIL also supplies galvanized fabricated steel structures to PGCIL and it is today the only Indian company that has the entire production value chain from iron ore to finished product. In-house production of steel billets will result in considerable cost savings for GPIL, the company said in a stock exchange filing. (February 6, 2025)
ACME Solar Holdings Ltd has partnered with GREW Solar to execute a prestigious solar power project at Bikaner in Rajasthan. The project utilized GREW Solar’s high-performance Topcon solar modules, manufactured at its state-of-the-art 3 GW production facility near Dudu, Jaipur. With an impressive portfolio of 6.97 GW of renewable energy projects, ACME Solar currently operates 2.54 GW of renewable energy assets, with an additional 4.43 GW under development. (February 5, 2025)
Marsons Ltd has received an order valued at Rs.42.71 crore from Jakson Ltd for supplying 10 MVA, 33/11kV transformers that will be deployed in a project of Maharashtra State Electricity Distribution Company Ltd (MSEDCL) under the Revamped Distribution Sector Scheme (RDSS), in Maharashtra. (February 4, 2025)
The board of Power Grid Corporation of India Ltd (PGCIL), in a meeting held on February 3, 2025, gave investment approval for implementation of LILO of both circuits of the 400kV double-circuit Vindhyachal Pooling Station – Sasan line. The project, estimated to cost Rs.370.02 crore, is scheduled to commission by December 2026, which is 30 months from the effective date. (February 4, 2025)
Senvion India has joined forces with a German wooden wind turbine blade manufacturer, Voodin Blade Technology GmbH to develop and manufacture high-performance wooden wind turbine blades for Senvion’s 4.2 MW wind turbine platform. The partnership will begin with a comprehensive feasibility study to evaluate the technical, economic, and environmental potential of wooden turbine blades, followed by the installation and testing of prototype blades. Voodin Blade Technology GmbH specializes in creating sustainable wood-based wind turbine blades using LVL to enhance performance and reduce environmental impact. Voodin has installed and tested prototype wooden blades in Germany last year. (February 4, 2025)
MP Power Transmission Company Ltd (MPPTCL) has installed and charged a power transformer of 200 MVA capacity at the 220kV Pithampur Sector -III substation in Dhar district. It is the first 200-MVA capacity power transformer in the said district. With this, MPPTCL’s total transformation capacity in Dhar district has risen to 5,414 MVA and that of the state as a whole, to 80,914 MVA, a release by MPPTCL said. (February 3, 2025)
REC Ltd has been awarded ‘Gold Shield’ under the “Financial Services Sector (Other than Banking and Insurance)’ category ‘ICAI Awards for Excellence in Financial Reporting for the financial year 2023-24” category. The recognition reflects the commitment of REC to excel in financial reporting, transparency and adherence to the highest standards of accounting practices. The selection has been made based on the company’s accounting practices, policies adopted for disclosure, presentation of financial statements, other disclosures in the Annual Report and degree of compliance with Indian Accounting Standards, Statutory guidelines and Regulations, a release by REC said. (February 3, 2025)
January 2025
Sharika Enterprises Ltd has announced the winning of solar rooftop and solar carport orders from Central government PSUs like NTPC, NHPC and Power Grid Corporation of India Ltd (PGCIL). These orders aggregating approximately 5 MW of capacity are valued at around Rs.22 crore. Sharika’s scope of works would include supply, installation and maintenance, the company said in a release. (January 31, 2025)
Apraava Energy announced the successful commissioning of its largest wind power project with the capacity of 250.7 MW (comprising 120 numbers of 2.1-MW rated Suzlon WTGs) located at Sidhpurin Devbhoomi Dwaraka district, Gujarat. The project was awarded to Apraava Energy as part of the Tranche VIII wind tender sponsored by Solar Energy Corporation of India (SECI). With this addition, Apraava’s operational wind portfolio now stands at around 1,200 MW. (January 30, 2025)
The board of Exide Industries Ltd has decided to inject Rs.300 crore by way of equity in its wholly-owned subsidiary Exide Energy Solutions Ltd (EESL), Exide said in a stock exchange filing. EESL is setting up a greenfield multi-megawatt lithium-ion cell manufacturing facility in India and the equity infusion is meant to meet EESL’s funding requirement. (January 29, 2025)
Transformers & Rectifiers (India) Ltd has announced the winning of orders worth Rs.362 crore for supply of EHV power transformers from several clients including Power Grid Corporation of India Ltd, KEC International, Adani Energy Solutions Ltd, Torrent Power, among others. The delivery of transformers is scheduled for next fiscal year, FY26. (January 28, 2025)
Jyoti Ltd, in a stock exchange filing, said that it has received a letter of award of Rs.40 crore (exclusive of GST) for design, manufacturing, supply, installation, testing and commissioning of electromechanical works of Handa Barrage hydropower project (approximate capacity: 5×500 kW) located in Madhya Pradesh. The contract, scheduled for completion by January 23, 2027, was placed by Karan Development Services Pvt Ltd. (January 27, 2025)
KEC International Ltd has secured new orders of Rs.1,445 crore with respect to domestic power T&D projects. The orders include those from Power Grid Corporation of India Ltd (PGCIL) for ± 800kV HVDC and 400kV transmission lines. With this, KEC’s cumulative order inflows in FY25 so far have crossed Rs.22,000 crore. (January 24, 2025)
NTPC Renewable Energy Ltd (NTPC REL) has emerged as a successful bidder in an e-reverse auction conducted by NHPC Ltd. Consequently, NTPC REL secured a capacity of 300 MW at a tariff of Rs.3.09 per unit. In line with the Request for Selection (RFS) conditions, the project will include the establishment of an energy storage system (ESS) with capacity of 150MW/300MWh, ensuring enhanced reliability and efficiency of the solar power generation. (January 24, 2025)
Kalpataru Projects International Ltd (KPIL), along with its international subsidiaries, has received new orders worth Rs.2,038 crore, including mandates in the domestic and international power T&D segment. With this, KPIL’s cumulative order inflow in FY25 so far has reached Rs.19,361 crore, the company said in a communication. (January 24, 2025)
ACME Solar Holdings Ltd (ASHL), through its wholly-owned subsidiaries ACME Deoghar Solar Power Pvt Ltd and ACME Phalodi Solar Energy Pvt Ltd, has commissioned the remaining capacity of 47 MW and 39.95 MW, respectively, on January 23, 2025. These two plants, both in Rajasthan, are now fully commissioned to rated capacity of 300 MW each. With this, ASHL’s total operational renewable generation capacity has increased to 2,540 MW. (January 24, 2025)
Suzlon Group has received an order from Torrent Power to supply 162 units of S144 wind turbine generators (WTG) with hybrid lattice towers, each rated at 3 MW, for deployment in the Bhogat region of Gujarat. This 486-MW order has taken Suzlon’s cumulative WTG order inflow from Torrent Power to 1 GW, a release by Suzlon Group said. (January 24, 2025)
Saatvik Green Energy Ltd has been awarded two solar EPC contracts by Himachal Pradesh Power Corporation Ltd (HPPCL). Aggregating 23 MW of installed capacity, these contracts include a 11-MW solar project in Lamlehri Upperli and a 12-MW solar project in Gondpur Bulla, both in Una district. Under the agreement, Saatvik will be responsible for comprehensive designing, supplying, engineering and construction of these projects, the company said in a release. (January 23, 2025)
RPP Infra Projects Ltd has won an order valued at Rs.28.77 crore from Bharat Heavy Electricals Ltd (BHEL) relating to erection, testing and commissioning of air-cooled condenser and associated auxiliaries of Unit-2 of the upcoming 3×800-MW Patratu super thermal power project in Jharkhand. The power project is being developed by Patratu Vidyut Utpadan Nigam Ltd (PUVNL) that is a 74:26 joint venture between a NTPC Ltd and Jharkhand Bijli Vitran Nigam Ltd (JBVNL). (January 23, 2025)
Reliance Power Ltd, in a stock exchange filing, announced the appointment of Neeraj Parakh as the company’s Executive Director and Chief Executive Officer, effective January 20, 2025. The appointment, subject to approval of members of the company’s board, will be valid for a period of three years. Parakh has been associated with the Reliance Group since 2004. (January 21, 2025)
Bondada Engineering Ltd has received a work order valued at Rs.88.49 crore from KPI Green Energy Ltd for BOS (balance of system) items, supply and services for EPCC works at Vagra, Amod and Rajkot solar power plant locations in Gujarat. The order is scheduled for completion in 90 days, Bondada said in a regulatory filing. (January 21, 2025)
Sharika Enterprises Ltd has received an order worth Rs.5.74 crore to be completed in six months from Powergrid Energy Services Ltd, a wholly-owned subsidiary of Power Grid Corporation of India Ltd (PGCIL), to supply and install rooftop solar systems on government buildings and on PGCIL’s buildings in the northern region, under PM Surya Ghar-Mufti Bijli Yojana. (January 20, 2025)
Power Grid Corporation of India Ltd (PGCIL) has acquired 77,30,225 equity shares hitherto held by IL&FS Energy Development Company Ltd (IEDCL) in Cross Border Power Transmission Company Ltd (CPTCL). With this, PGCIL’s shareholding in CPTCL has risen to 42 per cent. Incorporated in December 2006, CPTCL is a joint venture between PGCIL, IEDCL, SJVN Ltd and Nepal Electricity Authority (NEA) to implement the Indian portion of 400kV double-circuit Muzaffapur-Dhalkebar Indo-Nepal cross border power transmission line. (January 20, 2025)
Power & Instrumentation (Gujarat) Ltd has received an order valued at Rs.17.07 crore from A2 Green Energy Pvt Ltd for supply, installation, testing and commissioning of plant and equipment at site, complete in all respects, for 5-MW (AC) solar power project at latur district, Maharashtra. The order is scheduled for completion in 18 months. (January 17, 2025)
Surana Power & Telecom Ltd has received a letter of award as solar power developer from Maharashtra State Electricity Distribution Company Ltd (MSEDCL) for building solar PV stations aggregating 54 MW (AC) at various locations in Maharashtra. The project is part of the Mukhyamantri Saur Krushi Vahini Yojana 2.0 scheme, which is part of Component C of PM-KUSUM Yojana. The solar power plants will be built over a period of 18 months, and the overall contract, valued at Rs.190 crore, also includes a 25-year O&M mandate. Surana will supply power at Rs.3.09 per kwh and will receive a capital subsidy of Rs.1.05 crore per MW. (January 17, 2025)
Indian Renewable Energy Development Agency Ltd (IREDA) has finalized a joint venture agreement with SJVN Ltd, GMR Energy Ltd, and Nepal Electricity Authority (NEA) for the development of the 900-MW Upper Karnali hydropower project in Nepal. The JV agreement lays out a comprehensive framework for the project development, construction, operation, and maintenance under a Build, Own, Operate & Transfer (BOOT) model, with a 25-year project term from the commercial operation date. (January 17, 2025)
Vikram Solar has announced the winning of a 1-GW solar module supply order for deployment in solar projects of JSW Neo Energy in Karnataka, Gujarat and Rajasthan. Vikram Solar will supply its advanced Hypersol N-Type TOPCON glass-to-glass modules (580Wp and above) to fulfill the order, the company said in a release. (January 17, 2025)
Eastman Auto & Power Ltd, a leading provider of power solutions, announced the significant milestone of crossing 10 million batteries in production and sales for e-rickshaw. This achievement reflects the company’s unwavering commitment to innovation, strategic partnerships, and the increasing demand for advanced battery technology. The company since its inception in 2006 has established 400+strong partnerships with leading OEMs across the automotive and energy storage industries, which have been instrumental in the expansion of its innovative battery technology that has revolutionized the e-rickshaw market. (January 16, 2025)
Jost’s Engineering Company Ltd (JECL) has received a purchase order worth Rs.29.50 crore (inclusive of GST and other charges) from Haryana Vidyut Prasaran Nigam Ltd for the supply of two sets of emergency restoration systems (ERS). Delivery is expected to complete within eight months from the purchase order date, JECL said in a regulatory filing. (January 16, 2025)
Hyderabad-based Azad Engineering Ltd has signed a long-term supply contract with GE Vernova International LLC, USA, for the supply of highly engineered, complex rotating and stationary airfoils for advanced gas turbine engines. This contract will help meet GE Veronva’s global demand in the power generation industry. The current phase of this six-year contract is valued at around Rs.960 crore ($112 million), Azad said in a stock exchange communication. (January 16, 2025)
Hartek Group’s C&I rooftop solar business unit has won complete solar EPC contract of 8-MW from Kandhari Beverages Pvt Ltd, a bottling plant of Hindustan Coca Cola. This will become Jammu & Kashmir’s largest rooftop solar installation, a Hartek Group release said, adding that the project is under execution and will be commissioned this quarter. This is the third project awarded to Hartek by Kandhari Beverages in the past two years, bringing their total installations for the beverage company to 14 MW, the release added. (January 15, 2025)
Premier Energies Ltd has announced the winning of multiple orders from two undisclosed domestic independent power producers for the supply of solar cells and modules. Supplies entailed in the orders together worth Rs.1,460 crore (modules: Rs.1041 crore; cells: Rs.419 crore) are expected to begin in May 2025. (January 15, 2025)
Orb Energy has announced the crossing Rs.300 crore in financing disbursements from its unique zero collateral, zero down payment in-house finance facility. This achievement underscores the company’s dedication to addressing the energy challenges faced by Indian enterprises, particularly MSMEs and SMBs, while enabling them to transition to cost-effective solar energy solutions. Orb Energy aims to disburse an additional Rs.1,000 crore over the next three years, a company release said. To date, Orb Energy has successfully deployed approximately 350 MW of solar PV installations across India, with a particularly strong presence in the south and west regions, the release added. (January 14, 2025)
AM Green has partnered with DP World, a global logistics leader, to create a sustainable supply chain for green fuels and chemicals. Under the MOU, DP World and AM Green will jointly develop logistics and storage infrastructure to facilitate the global export of 1 million tonnes per annum of green ammonia and 1 million tpa of green methanol. This includes, among others, developing port infrastructure across AM Green Net-Zero Industrial Clusters to facilitate global exports; and, developing bunkering infrastructure across Dubai, India, and Southeast Asia for green ammonia and methanol supplied from AM Green plants. (January 14, 2025)
Bajel Projects Ltd has announced the winning of a contract of undisclosed value from Adani Energy Solutions Ltd. To be completed in 18 months, the mandate pertains to construction of a new 400kV double-circuit transmission line (Quad ACSR Moose) from Raipur (Chhattisgarh) to Tiroda (Maharashtra), with a running length of 217 km. (January 13, 2025)
Raunaq International Ltd has reported the winning of an order valued at Rs.16.80 crore from Mahan Energen Ltd (MEL), an Adani Group entity. The order to be completed in 20 months relates to various works associated with the circulating water system and raw water system of MEL’s upcoming 2×800-MW (Phase II) Raigarh ultrasupercritical thermal power project in Chhattisgarh. (January 13, 2025)
REC Ltd has signed a Memorandum of Agreement (MoA) with Gandhigram Rural Institute under its Corporate Social Responsibility (CSR) initiative. REC has committed financial assistance of Rs.8.44 crore for establishing a 1-MW multi-technology ground mounted, grid connected solar photovoltaic power plant for the benefit of students, research scholar at the Gandhigram Rural Institute (GRI), Dindigul, Tamil Nadu. The project shall be implemented by the GRI in technical collaboration with Bharat Heavy Electricals Ltd (BHEL), REC said in a release. (January 11, 2025)
NTPC Renewable Energy Ltd, a step-down subsidiary of NTPC Ltd, has commissioned 110 MW of new solar power generation capacity – 60 MW at Jaisalmer, Rajasthan and 50 MW at Shajapur, Madhya Pradesh. With this, the total installed and commercial power generation capacity of NTPC Group reached 76,708 MW, as of January 10, 2025, NTPC said in a stock exchange communication. (January 10, 2025)
Jupiter International, in a release, said that it will be investing Rs.6,500 crore over the next three years, in a step to become a fully integrated solar manufacturing player. With planned annual capacities of 3 GW for solar wafers, 9.4 GW for cells, and 6 GW for modules, Jupiter aims to meet the growing market demand with cutting-edge, reliable solar solutions. The integration of wafer production, along with enhanced module assembly capabilities, positions Jupiter as a fully integrated solar manufacturer with complete control over its value chain, the release added. (January 9, 2025)
Saatvik Green Energy Ltd has announced winning of a 1-GW solar PV module supply contract from an unnamed energy producer. Under the deal, valued at over Rs.1,500 crore, Saatvik will supply advanced technology N-TOPCon solar PV modules. This supply order will be fulfilled by a dedicated manufacturing unit at Saatvik Solar’s facility in Ambala, Haryana, a company release said. (January 9, 2025)
Voltamp Transformers Ltd has received an order valued at Rs.41 crore (exclusive of GST) for design, manufacturing, testing and supply of various types of distribution transformers. Placed by Adani Power Ltd (APL) and Mahan Energen Ltd, a wholly-owned subsidiary of APL, the order is scheduled for completion in 12 months, Voltamp said in a stock exchange notification. (January 8, 2025)
Advait Energy Transitions Ltd has announced the winning of an order of undisclosed value from Gujarat Energy Transmission Corporation Ltd (GETCO) for replacing “DOG” conductor with HTLS conductor on two existing 66kV transmission lines of GETCO. The order is scheduled for completion in six months, Advait said in a stock exchange communication. (January 8, 2025)
KEC International Ltd has announced the winning of new orders worth Rs.1,136 crore across its various business divisions, including an order from Power Grid Corporation of India Ltd for building a 765kV transmission lines. These new orders have taken KEC’s cumulative order inflows in FY25 so far (up to January 8, 2025) to around Rs.20,600 crore. (January 8, 2025)
Hartek Group’s Power System business unit has secured a Rs.117-crore project in Gujarat from Power Grid Corporation of India Ltd. The project involves the extension of a 765kV air-insulated switchgear (AIS) substation as well as 400/220kV substation work, Hartek Group said in a statement without giving further details on the contract. (January 7, 2025)
Husk Power announced 100 per cent growth in its portfolio of community solar minigrids over the past 12 months. The company is now present in over 400 communities in rural Sub-Saharan Africa and South Asia, serving more than 1.5 million people and over 30,000 small businesses. The community electrification projects of Husk are spread across rural India and Nigeria, and represent 20 MW of solar power generation and 2,500 km of power T&D network. (January 7, 2025)
Gold Plus Glass Industry Ltd has announced the successful commissioning of its float glass manufacturing facility in Karnataka with annual capacity of 5,84,000 tonnes. Built with an investment of Rs.2,500 crore, this new plant is also capable of producing 1,09,500 tonnes of solar glass per year, according to a company release. (January 7, 2025)
Gensol Engineering Ltd has secured a significant EPC contract from an unnamed public sector undertaking for development of 275-MW solar PV project at RE solar park, Khavda Rann of Kutch, Gujarat, with a total bid value of around Rs.1,061.97 crore (Including GST), including three years of O&M, Gensol said in a statement. (January 6, 2025)
Waaree Energies Ltd has announced the commencement of trial production at its 5.4 GW solar cell manufacturing facility in Chikhli, Gujarat. The cell plant is a demonstration of Waaree’s vision of fostering backward integration in the solar energy ecosystem, a release from Waaree Energies said, adding that the new facility, equipped to produce high-efficiency solar cells, not only meets the burgeoning domestic demand but also strengthens India’s footprint in international markets. (January 6, 2025)
NTPC Renewable Energy Ltd has emerged as a successful bidder in the e-reverse auction conducted by Uttar Pradesh Power Corporation Ltd (UPPCL). The tender, aimed at the “Selection of Solar Power Developers for Setting up 2,000 MW ISTS-connected Solar PV Power Projects in India under Tariff-Based Competitive Bidding,” was conducted on January 3, 2025. NTPC REL secured a capacity of 1,000 MW at a tariff of Rs.2.56 per kwh. The letter of award (LOA) from UPPCL is awaited. (January 6, 2025)
REC Ltd has disbursed loans worth Rs.54,692 crore during Q3 (October to December) of FY25, up 17.98 per cent year-on-year. The quantum of renewable energy loan disbursements grew 58.09 per cent year-on-year to reach Rs.6,314 crore in Q3FY25. For the nine months (April to December) period of FY25, REC disbursed total loans amounting to Rs.1,45,647 crore, which is higher by 19.30 per cent compared to Rs.1,22,089 crore disbursed in corresponding period of FY24.Of this, renewable energy loans aggregated Rs.17,612 crore, up 78.68 per cent year-on-year. (January 3, 2025)
KEC International Ltd announced the winning of new orders worth Rs.1097 crore in its power T&D business, which included mandates for setting up 400kV lines in the United Arab Emirates. These orders have taken KEC’s cumulative order inflow in FY25 so far to over Rs.19,500 crore with power T&D accounting for a 72 per cent share. (January 3, 2025)
Kalpataru Projects International Ltd (KPIL) has reported the winning of new orders valued at Rs.1,011 crore that include overseas mandates in the power T&D business. This has taken KPIL’s cumulative order inflows in FY25 so far (up to December 31, 2024) to over Rs.17,300 crore, KPIL said in a release. (January 1, 2025)
