Tag: POWER
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Power
PFC, REC boards clear merger; REC shareholders to get 88 PFC shares for every 100 held
By ANI | New Delhi | 29 June 2026 The boards of state-owned Power Finance Corporation (PFC) and REC Ltd have approved a scheme for the merger of REC into PFC, creating what the companies said would be a significantly larger financing institution for India’s power and infrastructure sectors, subject to regulatory, shareholder and creditor […]
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Tata Power receives LoI for Ryapte Power Transmission project in Karnataka
By Enersider Desk | New Delhi | 22 June 2026 Tata Power Company has received a Letter of Intent (LoI) from REC Power Development and Consultancy for the acquisition of Ryapte Power Transmission, a project special purpose vehicle (SPV), according to a company statement. The project SPV will be developed on a build-own-operate-transfer (BOOT) basis […]
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Manohar Lal reviews power sector and urban development schemes with Jharkhand government
By Enersider Desk | New Delhi | 19 June 2026 Union Minister for Power and Housing & Urban Affairs, Manohar Lal, reviewed matters relating to the power sector and urban development schemes for the State of Jharkhand in Ranchi. He noted the high AT&C losses and Average Cost of Supply (ACS) and Average Realisable Revenue […]
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India adds 4.6 GWh of energy storage capacity in first quarter of 2026: Report
By PTI| New Delhi | 17 June 2026 India added 4.6 gigawatt-hours (GWh) of battery energy storage capacity in the first three months of this year, registering a 941 per cent increase from 442.7 megawatt-hours (MWh) added in the preceding October-December 2025 period, a report said. According to the latest India’s Energy Storage Landscape Report […]
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EV
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Hitachi Energy invests approximately INR 2000 crore for new transformer factory in Vadodara
By Enersider Desk | New Delhi | 12 June 2026 Hitachi Energy India Limited will invest approximately INR 2000 crore to establish a new Large Power Transformer factory in Karjan, Vadodara, according to a regulatory filing by the company on the National Stock Exchange of India (NSE). The investment builds on the company’s 77-year history […]
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HV Transmission firms lead Q4 growth on strong order book; Long-term demand outlook remains positive: Report
By ANI | New Delhi | 9 June 2024 High-voltage transmission and distribution (HV T&D) players continued to outpace other segments during the fourth quarter of FY26, even as the broader sector presented a strong cycle but weaker risk-reward balance. According to a report by Nuvama, high-voltage transmission and distribution players continued to operate with […]
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Power
India’s energy investment to hit USD 170 bn in 2026 on solar, grid and refining push: IEA
By PTI | New Delhi India’s energy investment is set to reach a record USD 170 billion in 2026, driven by rapid expansion in solar power and oil refining as the country accelerates efforts to meet rising energy demand and strengthen infrastructure for its clean energy transition. The International Energy Agency (IEA), in its World […]
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Coal India asks units to ramp up supplies as heatwave fuels record power demand
By Reuters | New Delhi State-run Coal India has asked its subsidiaries to ramp up coal supplies to power plants to avoid shortages as the country’s power demand hits a record high following an intense heatwave, two sources with direct knowledge of the matter said. Several regions in the country are facing power cuts, mainly […]
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Power
PFC net profit grows 3 pc to Rs 8598 cr
By PTI | New Delhi State-owned Power Finance Corporation (PFC) on Wednesday posted around 3 per cent rise in consolidated net profit to Rs 8,597.61 crore for the March quarter, supported by reduced expenses. The company had reported a net profit of Rs 8,357.88 crore in the same quarter a year-ago, the company said in […]
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NTPC Renewable Energy begins power supply from 270-MW unit of Gujarat solar project
By PTI NTPC Green Energy on Tuesday said that its arm NTPC Renewable Energy has begun the supply of electricity from a 270-MW unit, which is part of a 1,200-MW solar PV project in Gujarat. With the addition of this capacity, the total installed capacity of the NTPC Green Energy Limited Group will increase to […]
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