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Mahindra & Mahindra has announced the incorporation of Steer Hybren, a new renewable energy subsidiary focused on solar power, energy storage, and distributed energy solutions. This strategic move will help drive India’s transition to sustainable energy, offering innovative clean energy solutions across commercial, industrial, and residential sectors.
H.G. Infra Engineering has been awarded a key portion of Gujarat's 500 MW/1000 MWh battery energy storage project, enhancing grid stability and supporting renewable energy integration. This win marks a significant step in the company’s expansion into the clean energy sector, contributing to India’s sustainability goals.
Premier Energies' stock surged 4% following the announcement of Rs 1,087 crore in new orders for solar modules and cells from two major Independent Power Producers. With supply set to begin in January 2025, the company is poised for significant growth in the renewable energy sector.
BHEL and Hitachi Energy have secured the Khavda Nagpur HVDC project, a crucial step in India’s renewable energy transition. This high-voltage transmission initiative will help evacuate 8GW of renewable power, supporting India’s 500GW green energy target by 2030. Discover how this landmark project is boosting the companies' market performance and shaping India’s energy future.
Tata Power has joined forces with the Asian Development Bank (ADB) to secure $4.25 billion in funding for clean energy projects in India. This partnership will support key initiatives like solar-wind hybrid systems, pumped hydro storage, and infrastructure upgrades, helping India accelerate its transition to renewable energy and achieve its ambitious sustainability targets.
Godawari Power & Ispat (GPIL) has approved the acquisition of a 51% stake in Jammu Pigments Limited (JPL) for Rs 255 crore, marking a strategic move into the non-ferrous metals recycling industry. This acquisition aligns with the company’s goals of portfolio diversification and environmental sustainability, offering significant growth opportunities in the emerging recycling sector.
Tata Power has entered a strategic partnership with Druk Green Corporation to develop 5,000 MW of clean energy in Bhutan, including hydropower and solar projects. This collaboration aligns with Bhutan's goal of increasing its energy capacity and promoting regional energy security through sustainable sources.
NTPC is embarking on an ambitious journey to diversify its energy portfolio, with plans to develop 2 GW of nuclear capacity by 2032. Alongside its nuclear energy ventures, the company is ramping up investments in renewable sources like solar, wind, and green hydrogen, while preparing for an IPO to fund its clean energy expansion. Explore how NTPC’s strategic shift is shaping India’s energy future.
Tata Power has successfully commissioned the Omkareshwar Floating Solar Project in Madhya Pradesh, a landmark 126 MW facility that showcases cutting-edge technology and sustainable energy solutions. This major milestone highlights the company’s commitment to India’s renewable energy goals and positions Tata Power as a leader in the growing floating solar sector.
Solex Energy has posted a remarkable growth in its financial performance for the first half of FY25, with net profit soaring to Rs 13 crore, up from just Rs 0.73 crore in the same period last year. This surge is fueled by a 190% increase in total income, driven by strong demand for renewable energy solutions and the company’s expanding market presence.