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Torrent Power Q3 profit 30% up YoY

Torrent Power has reported revenue from operations of Rs 6,499 crore and net profit of INR 489 crore in Q3 FY 2025.

Welspun New Energy commits INR 13,500 crore for pumped storage, floating solar in Odisha

Welspun New Energy has signed a memorandum of understanding (MoU) with the state government of Odisha to establish a 1.2 GW pumped storage and a 1 GW floating solar project in Odisha.

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NTPC secures PPA with Indian Army for solar-hydrogen based microgrid project

NTPC has secured a power purchase agreement (PPA) with Indian Army for sale of power from its solar-hydrogen based microgrid project at Chushul (Ladakh).

Solarium Green Energy IPO opens this week

The price band is fixed at INR 181 – 191 per share and the lot size is 600 equity shares.

Indus Towers raises 26% stake in 50 MW solar plant for self-consumption

Indus Towers has agreed to acquire a 26% stake in a 50 MW solar plant for captive consumption. The solar plant will be set up by Amplus Tungabhadra.

Premier Energies Q3 profit surges 490.58% YoY

The solar manufacturer had an orderbook of 4,539 MW worth INR 69,461 million as of Dec. 31, 2024, across modules (63%), cells (36%), and EPC services (1%).

Solex Energy commissions 800 MW solar module line

Solex’s new line is tailored for mass production of n-type, rectangular-cell TOPCon solar modules ranging from 585 Wp to 625 Wp.

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Union Budget 2025-26: India focuses on waste-to-wealth to secure lithium battery supply chain

Finance minister Nirmala Sitharaman has submitted Union Budget 2025-26, which proposes customs duty exemption for waste and scrap of lithium-ion batteries and critical minerals.

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Budget 2025 expectations of the Indian renewable energy industry

Regulatory and fiscal incentives to set up specialized labs in collaboration with leading international and domestic research institutions, reduction of Goods and Services Tax (GST) on turbines and solar modules, and ISTS charges waiver extension are on the budget wishlist of the renewable energy industry in India.

The Hydrogen Stream: Avaada partners Switzerland’s Casale to develop 1,500 tpd green ammonia plant in Odisha

Avaada Group has collaborated with Switzerland-headquartered ammonia technology specialist Casale to develop a 1,500 tons per day (tpd) green ammonia plant in Gopalpur, Odisha.

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