IBM has announced that it has signed a definitive agreement to acquire HRL Laboratories, LLC, a renowned research and development organization recognized for its work in quantum technologies, advanced materials and next-generation electronics. The acquisition is expected to strengthen IBM’s long-term quantum computing roadmap while expanding its capabilities in quantum sensing, semiconductor research and advanced manufacturing. HRL Laboratories, jointly owned by Boeing and General Motors has spent decades developing cutting-edge technologies for commercial industries and U.S. government programs. Following the completion of the transaction, both Boeing and General Motors will continue collaborating with IBM on quantum applications and advanced technology…
Author: Ranganathan
Tata Power has reported a strong start to FY27, posting steady growth in revenue, profitability and operational performance during the quarter ended June 30, 2026. The company reported a consolidated profit after tax (PAT) of ₹1,401 crores for the first quarter, an increase of 11% compared with ₹1,262 crores reported during the corresponding period last year. Revenue from operations increased 8% year on year to ₹18,898 crores, while earnings before interest, taxes, depreciation and amortization (EBITDA) grew 8% to ₹4,249 crores. The results reflect continued momentum across the company’s integrated power portfolio, supported by renewable energy expansion, conventional generation, transmission…
The Government of India has outlined an ambitious roadmap for expanding energy storage infrastructure as it prepares the country’s power system for higher renewable energy integration and improved grid reliability. According to information shared by the Ministry of Power, Hon’ble Minister of State for Power Shri Shripad Naik, in a written reply in the Rajya Sabha, the National Electricity Plan (Generation) projects significant growth in Battery Energy Storage Systems (BESS) and Pumped Storage Plants (PSPs) over the coming years to support India’s evolving electricity network. The National Electricity Plan estimates that India will require 47.24 GW/236 GWh of Battery Energy…
Emmvee Photovoltaic Power Limited has announced plans to evaluate a 9 GW ingot and wafer manufacturing facility as part of its strategy to strengthen backward integration, following a record-breaking first quarter of FY27 that saw revenue, profitability and production reach all-time highs. According to the company’s Q1 FY27 press release filed with the stock exchanges, the proposed upstream manufacturing facility is planned in two phases and is expected to further strengthen Emmvee’s integrated solar manufacturing capabilities. During the company’s post-results earnings call, management indicated that the project is targeted for phased implementation by FY30, subject to the rollout of ALMM…
Renewable energy company Juniper Green Energy Limited has announced that its ₹1,800 crore Initial Public Offering (IPO) will open for subscription on 30th July, 2026, and close on 03rd August, 2026. The company has fixed a price band of ₹214-₹225 per equity share, according to its Red Herring Prospectus (RHP) filed with the Securities and Exchange Board of India (SEBI). The IPO comprises a fresh issue of equity shares, with the company aiming to strengthen its financial position by reducing debt and supporting future business growth. Anchor investor bidding is scheduled to take place on 29th July, while eligible employees…
The Kerala State Electricity Regulatory Commission (KSERC) has approved Kerala State Electricity Board Limited’s (KSEB) proposal to procure 200 MW of solar power integrated with a 100 MW/400 MWh Battery Energy Storage System (BESS), marking an important step towards improving the state’s ability to meet peak electricity demand while expanding the share of renewable energy in its power mix. The approval issued through a regulatory order enables KSEB to procure renewable power through the Solar Energy Corporation of India (SECI) under a long-term arrangement. The initiative is expected to strengthen grid reliability during high-demand periods while supporting Kerala’s clean energy…
ENGIE, a global provider of low-carbon energy and energy services has achieved financial closure for its 250 MW Khaba Solar Project in Barmer, Rajasthan, marking a significant milestone in the project’s development. The utility-scale solar project is being developed by Khaba Renewable Energy Private Limited, a wholly owned subsidiary of ENGIE, and reinforces the company’s continued investment in advancing India’s renewable energy and clean power ambitions. Upon commissioning, the Khaba Solar Project is expected to generate around 650 GWh of clean electricity annually, while helping reduce nearly 180 kilotonnes of CO₂ emissions each year. In addition to its environmental benefits,…
State-owned power major NTPC Ltd. has secured Board approval to raise up to ₹12,000 crores through the issuance of Non-Convertible Debentures (NCDs) in the domestic market, marking another significant step in strengthening the company’s long-term financing framework. The proposal, approved during the Board of Directors’ meeting held on July 24, 2026, is subject to shareholder approval and will enable NTPC to mobilize funds through private placement in one or more tranches over the approved period. The fundraising mechanism provides the company with flexibility to access capital markets based on its financing requirements and prevailing market conditions. Key Highlights NTPC Board…
Marking its 26th anniversary, Best Power Equipments (India) Private Limited (BPE), a leading smart power and energy solutions company, has unveiled an ambitious roadmap to achieve ₹700 crore in group revenue by FY’28. As part of its growth strategy, the company virtually inaugurated a new 4,000 sq. ft. manufacturing facility in Greater Noida, taking its total manufacturing footprint to approximately 1,50,000 sq. ft. across six facilities. The virtual inauguration was performed by Shri Sunil Kumar Sharma, Hon’ble Cabinet Minister, Ministry of IT & Electronics, Government of Uttar Pradesh, who also congratulated BPE on its expansion under the ‘Make in India’…
SJVN Limited has issued a Request for Selection (RfS) inviting bids from eligible developers for the establishment of a 265 MW/530 MWh Standalone Battery Energy Storage System (BESS) project in Haryana under the Viability Gap Funding (VGF) scheme. The tender has been floated through tariff-based competitive bidding and aims to strengthen Haryana’s power infrastructure by deploying utility-scale battery energy storage systems capable of improving grid stability, integrating renewable energy and supporting reliable power supply. The project comprises 250 MW/500 MWh of battery storage supported under the Ministry of Power’s Power System Development Fund (PSDF)-backed VGF Scheme and an additional 15…
ARC Informatique has announced the launch of PcVue 17, the latest version of its SCADA and Building Management System (BMS) platform, introducing new capabilities designed to help organizations improve energy efficiency, streamline industrial operations and strengthen cybersecurity for critical infrastructure. The new release focuses on three major priorities for today’s industrial and building environments, optimizing energy usage, improving operational performance and ensuring cyber resilience. By combining intelligent automation with real-time data management, PcVue 17 is designed to support organizations as they navigate increasingly complex operational challenges. Driving Energy Flexibility One of the highlights of PcVue 17 is its enhanced approach…
Paras Semiconductor, the semiconductor business of Paras Defence & Space Technologies Ltd. has signed a Memorandum of Understanding (MoU) with the Government of Madhya Pradesh to establish a proposed advanced Outsourced Semiconductor Assembly and Test (OSAT) facility in the state. The project involves a proposed investment of ₹6,200 crores and is expected to play an important role in strengthening India’s semiconductor manufacturing capabilities. Under the agreement, the Government of Madhya Pradesh has allotted approximately 50 acres of land along the Ujjain-Indore Corridor for the proposed facility. The project is expected to support India’s growing semiconductor ecosystem by enhancing advanced packaging…