Torrent Power Ltd. has completed the acquisition of Nabha Power Limited from Larsen & Toubro (L&T) in a transaction valued at ₹3,632 crore, marking a significant step in the company’s strategy to expand its power generation portfolio. The acquisition follows the receipt of all necessary regulatory approvals and the fulfillment of closing conditions, enabling Torrent Power to formally take ownership of Nabha Power. The transaction was originally announced earlier this year and has now reached its completion. Nabha Power owns and operates a 2×700 MW (1,400 MW) supercritical thermal power plant located in Punjab. The facility supplies electricity under a…
Author: Ranganathan
State-owned power sector financiers Power Finance Corporation (PFC) and REC Limited have approved a merger scheme that is expected to create one of India’s largest government-owned infrastructure financing institutions with a combined loan book exceeding ₹11 lakh crores. The merger that has been approved by the boards of both companies proposes the amalgamation of REC into PFC under the provisions of the Companies Act. Once completed, the combined entity is expected to play a larger role in financing power generation, transmission, distribution, renewable energy and other infrastructure projects across the country. Under the approved scheme, REC shareholders will receive 88…
Laser Power & Infra Ltd. has announced the price band for its upcoming initial public offering (IPO), setting it at ₹203-214 per equity share. The company’s SME public issue is scheduled to open for subscription on July 9, providing investors an opportunity to participate in the company’s next phase of growth. The IPO will consist of a fresh issue of equity shares, with the proceeds proposed to be utilized for business expansion, working capital requirements and other corporate purposes, as outlined in the company’s offer documents. Laser Power & Infra operates in the power and infrastructure segment, offering engineering solutions…
The Delhi Electricity Regulatory Commission (DERC) has issued an important clarification aimed at facilitating the faster rollout of electric vehicle (EV) charging infrastructure across the National Capital Territory by aligning its regulations with the Government of India’s PM E-DRIVE Scheme. In its latest order, DERC addressed a regulatory inconsistency relating to the recovery of upstream electricity infrastructure costs for new EV charging stations. The clarification enables Delhi’s power distribution companies (discoms) to include the entire upstream infrastructure cost in the Demand Note issued to Charge Point Operators (CPOs), wherever applicable under the PM E-DRIVE Scheme. Why was the clarification needed?…
NHPC Limited has marked a significant milestone in India’s clean energy journey with the inauguration of its 300 MW Karnisar Solar Power Plant at Bikaner, Rajasthan. The project was virtually inaugurated by Prime Minister Narendra Modi on 04th July, 2026, reinforcing the country’s commitment to expanding renewable energy capacity and achieving long-term energy security. The inauguration ceremony was attended by Rajasthan Governor Haribhau Kisanrao Bagde, Chief Minister Bhajan Lal Sharma, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri, Deputy Chief Ministers Diya Kumari and Prem Chand Bairwa, along with senior government officials and NHPC leadership. Addressing the gathering,…
NHPC Limited has allocated 1.2 GW of grid-connected solar power projects at the Jalaun Solar Park in Uttar Pradesh to Coal India Limited (CIL) and NLC India Renewables Limited (NIRL), marking another significant milestone in India’s renewable energy expansion. The projects have been awarded through a competitive bidding process at a discovered tariff of ₹2.73 per kWh, highlighting the continued competitiveness of utility-scale solar power in India. Under the allocation, Coal India Limited and NLC India Renewables Limited have each secured 600MW of solar capacity (2 × 300 MW). The latest allocation reinforces the growing participation of public sector enterprises…
Ceigall India Limited has taken another step in expanding its presence in India’s renewable energy sector, with its wholly owned subsidiary, Ceigall Morena Solar BESS Park Limited signing a Power Purchase Agreement (PPA) with Rewa Ultra Mega Solar Limited for a 220 MW Solar and Battery Energy Storage System (BESS) project at Morena Solar Park in Madhya Pradesh. According to the company’s regulatory filing, the project is estimated to have an approximate value of ₹1,700 crores, including GST and will combine utility-scale solar power generation with Battery Energy Storage System (BESS) technology. The project has been awarded under a tariff-based…
Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited, has expanded its renewable energy portfolio with the commissioning of the 100.8 MW Jewali Wind Project in Maharashtra’s Dharashiv district. The project marks another milestone in the company’s clean energy expansion strategy and is expected to support Tata Power Mumbai Distribution in meeting its Renewable Purchase Obligation (RPO) requirements through the supply of clean electricity. The newly commissioned wind farm has an installed capacity of 100.8 MW and is designed to generate approximately 299 million units (kWh) of renewable electricity every year. The clean power produced…
Sterling and Wilson Renewable Energy Limited (SWREL) has secured a major engineering, procurement and construction (EPC) contract worth approximately USD 560 million for the West Minya Solar Project in Egypt. The project will be executed through a 50:50 joint venture with Hassan Allam Construction, a leading engineering and construction company with a strong presence in Egypt and the wider Middle East and North Africa (MENA) region. Located in Minya Governorate, the West Minya Solar Project will have a planned generation capacity of 1,000 MWac and will be integrated with a 600 MWh Battery Energy Storage System (BESS). Upon completion, it…
NTPC Renewable Energy Limited (NTPC REL), a wholly owned subsidiary of NTPC Green Energy Limited (NGEL) has signed a 1,200 MW Solar Power Purchase Agreement (PPA) with PTC India Limited for the sale of solar power under a bilateral arrangement. The agreement marks another significant milestone in India’s rapidly expanding renewable energy sector and reinforces the country’s commitment to accelerating the transition towards clean electricity generation. The development was disclosed by NTPC Green Energy to the stock exchanges on 03rd July, 2026, highlighting the strategic importance of long-term renewable energy partnerships in supporting India’s growing power demand while advancing its…
Ashok Leyland, the flagship company of the Hinduja Group, has introduced India’s first range of air suspension trucks, expanding its heavy-duty commercial vehicle portfolio with three new AVTR models designed to deliver higher payload capacity, improved ride comfort and greater operating efficiency. The new range reinforces the company’s commitment to innovation while helping fleet operators improve productivity, profitability and overall transport efficiency. The newly launched lineup includes the AVTR 4925 10×2 MAV, India’s first 49-tonne truck with air suspension, offering a payload advantage of 1.5 tonnes; the AVTR 4625 10×2 MAV, India’s first 46-tonne air suspension truck with a payload…
Festo India has inaugurated its first Automation Experience Centre (FEC) in Noida, establishing a dedicated hub for factory automation, smart manufacturing, Industry 4.0, innovation, collaboration, skills development, and hands-on technology exploration. The new facility marks a significant step in Festo’s expansion across Northern India’s fast-growing manufacturing corridor, where industries are increasingly investing in automation, digitalization, and Industry 4.0 solutions to improve competitiveness and productivity. The Festo Experience Centre in Noida, located in Block A, Phase-2, is designed to help manufacturers, OEMs, system integrators, and educational institutions experience automation technologies in a practical environment. Visitors can explore live demonstrations and application-driven…