Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Data Centres, AI & EVs to drive peak power demand to 300 GW in '27: Electricity Minister
India's peak power demand is projected to reach 300 GW next year. This surge is driven by expanding data centers, artificial intelligence, and electric vehicles. Energy storage has become a national imperative due to rising demand and renewable energy additions. India targets around 160 GW of storage by 2035, with clear roadmaps. The country requires 888 GWh of energy storage system capacity by 2035-36.
Maruti Suzuki installs 1 MWh battery storage system at Kharkhoda facility
Maruti Suzuki commissioned a one MWh Battery Energy Storage System at its Kharkhoda facility. This system stores surplus solar power generated during low-demand periods. The new BESS will help stabilize the local electricity grid effectively. This initiative aligns with India's focus on building self-reliant energy ecosystems. The company remains committed to lowering emissions despite increasing production volumes.
Maruti Suzuki commissions 1 MWh BESS at Kharkhoda plant
Maruti Suzuki commissioned a 1 MWh Battery Energy Storage System at its Kharkhoda manufacturing facility. This system stores surplus solar power generated during low-demand periods and holidays. The company installed a 20 MWp solar power project at the same facility in 2025. This initiative aligns with India's focus on building self-reliant energy ecosystems. The system will help reduce nearly 54 tonnes of CO₂ emissions annually.
Maruti Suzuki commissions 1 MWh battery energy storage system at Kharkhoda plant
Maruti Suzuki commissioned a 1 MWh Battery Energy Storage System at its Kharkhoda plant. This system integrates into the plant's internal electricity distribution network as a pilot project. The battery storage will store excess solar power generated during low-demand periods. This initiative helps improve renewable energy utilization and reduce carbon emissions annually. The company remains committed to lowering emissions despite increasing production volumes.
Tata Power offers 'pay-as-you-save' scheme with rooftop solar system for commercial users in Punjab
Tata Power Renewable Energy Limited has launched a 'pay-as-you-save' scheme in Ludhiana, enabling commercial and industrial consumers in Punjab to adopt rooftop solar systems with zero upfront cost. This initiative aims to install 200 megawatts of solar capacity over three years, allowing businesses to repay through savings-based EMIs or lease rentals.
Jupiter Electric Mobility signs MoUs for BESS projects
Jupiter Electric Mobility (JEM), a subsidiary of Jupiter Wagons (JWL), today announced the signing of formal MoUs with Chalukya Power and Pickrenew Energy, two of India's marquee renewable energy developers. The agreements add 110 MWh of Battery Energy Storage System (BESS) business, comprising a mix of Utility-scale and Commercial and Industrial (C&I) deployments, to JEM Energy's orderbook for FY 2026-27.
Jupiter Wagons jumps as arm signs BESS deals worth 110 MWh
Jupiter Wagons rose 4.01% to Rs 288.10 after its subsidiary, Jupiter Electric Mobility (JEM), signed strategic agreements with renewable energy firms Chalukya Power and Pickrenew Energy for Battery Energy Storage System (BESS) projects.
SPML Infra surges after bagging Rs 1128 crore BESS project from NTPC
SPML Infra jumped 4% to Rs 222.20 after the company announced that it has secured a landmark Rs 1,128 crore contract to develop a 1 GWh battery energy storage system (BESS) at NTPC Limited's Barauni Thermal Power Station in Bihar.