Bharat Petroleum Corporation Ltd (BPCL) has secured 100 MW of wind power capacity through a tender by MPPMCL. The project was won at a competitive tariff of ₹4.12 per kWh in a reverse auction.
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Coal India has quadrupled its R&D expenditure to ₹245 crore for FY25 and plans to invest ₹1,900 crore by FY30, focusing on higher technology readiness levels and clean energy research.
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NTPC Ltd has fully commissioned its 176 MW Ramagundam Solar PV Project in Telangana. The final 41.6 MW part is now operational, bringing the total project capacity online. This adds to NTPC's growing renewable energy portfolio.
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Ceigall India's subsidiary will develop a 220 MW solar and battery energy storage system in Morena, Madhya Pradesh. The project, valued at ₹1,700 crore, has a 25-year power purchase agreement at ₹2.70/kWh, signaling diversification into...
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Power Grid Corporation of India acquired 100% of Kakinada I Transmission Limited (KITL) for ₹20.50 Crore. This SPV will support green hydrogen and ammonia projects in Andhra Pradesh, expanding PowerGrid's renewable energy infrastructure.
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Insolation Energy approved a corporate guarantee of Rs 347.07 crore for 22 subsidiaries to finance PM KUSUM Component A projects. This enables growth but creates a contingent liability.
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Oil India Ltd's board recommended increasing authorized capital from ₹2,000 crore to ₹5,000 crore. Two senior executives were promoted to Executive Directors. The company is also aligning its Memorandum of Association with its corporate...
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SJVN Limited has signed Power Purchase Agreements with Gujarat Urja Vikas Nigam Limited for 658 MW of hydro power capacity in Himachal Pradesh. This ensures long-term revenue streams for upcoming projects.
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Indian Oil Corporation Ltd has reaffirmed its strong financial health with top 'AAA' equivalent ratings for its long-term debt and 'A1+' for short-term debt from leading agencies, assuring investors of its creditworthiness and stability.
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Bharat Petroleum Corporation Limited (BPCL) is acquiring a 40% stake in Tiki Tar and Shell India Private Limited for ₹85 crore. This move aims to boost BPCL's presence in the value-added bitumen market, supporting infrastructure developm...
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Adani Energy Solutions will hold a board meeting on July 1, 2026, to consider raising funds via equity shares, QIP, or other securities. The outcome will impact strategic growth and equity dilution.
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Power Grid Corporation of India Ltd has commissioned a 3500 MW transmission scheme to evacuate power from solar energy zones in Ananthpuram and Kurnool, Andhra Pradesh. The project is crucial for facilitating renewable energy evacuation.
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Oil and Natural Gas Corporation (ONGC) has appointed Shri Anupam Agarwal as its new Chief Financial Officer (CFO) and Key Managerial Personnel, effective June 25, 2026. Shri Agarwal brings over 35 years of experience in finance and treas...
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Adani Power has incorporated a new subsidiary, Progressive-UP Atomic Energy Limited, to venture into nuclear and atomic energy generation. This move signals a long-term strategy to diversify beyond thermal power. The initial capital is s...
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Larsen & Toubro has completed the sale of Nabha Power Limited to Torrent Power for ₹3,632.35 crore. The deal marks a significant step in L&T's strategy to recycle capital and exit power generation assets.
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ONGC has signed a Technical Services Contract with bp for 43 blocks in the Western Offshore Basin. This expands their collaboration to boost production in mature offshore fields.
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Kalpataru Projects International has sold its remaining 26% stake in Kohima-Mariani Transmission Limited to Apraava Energy. This completes their 74% exit from the asset, aligning with their long-term asset strategy and allowing focus on...
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NLC India's subsidiary, NIRL, has signed a Joint Venture Agreement with OREDA Ltd. to develop 1000 MW of green energy capacity in Odisha. This signals NLC India's strategic shift towards renewable energy as a key growth driver.
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Desco Infratech's subsidiary has commissioned Phase-1 of its Compressed Bio Gas (CBG) plant in Bulandshahr, Uttar Pradesh. The plant has a 1 TPD capacity, with plans to scale to 5 TPD. Commercial sales are expected soon, marking the comp...
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Confidence Petroleum India reported a strong FY26 with revenue at ₹4,705 crore. The company is expanding its Auto LPG and CNG stations and setting up a new cylinder manufacturing plant.
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