Market News
Stay updated with the latest market trends, earnings, and economic indicators.
IEA sees gradual Hormuz recovery tipping into significant 2027 surplus
The global oil market is set for a gradual recovery. The Strait of Hormuz will reopen following a US-Iran agreement. This ends a major oil supply disruption. The International Energy Agency predicts a significant oil surplus by 2027. Millions of barrels of Middle East oil output will return to the market.
Interarch Building Solutions bags Rs 87-crore order from renewable energy sector customer
Interarch Building Solutions announced that it has secured an order worth Rs 87 crore from a customer operating in the renewable energy and solar panel industry.
SEEPCO supplies 6 million barrels of Nigerian crude to Indian refiners
Amidst West Asia crisis concerns, India's state-run refiners diversified oil supplies by sourcing nearly six million barrels from Nigeria's SEEPCO between March and May 2026. This move, utilizing crude from SEEPCO's Okwuibome field, bypassed the Strait of Hormuz, bolstering India's energy security during global uncertainty.
Avaada targets 17.7 GW renewable energy capacity within two years
Avaada Group is set to significantly expand its renewable energy capacity. The company plans to add 10.5 gigawatts over the next two years. This expansion will bring Avaada's total installed generation capability to 17.7 gigawatts. Power purchase agreements are already secured for these upcoming projects. This growth aligns with India's clean energy transition goals.
PSU banks see sharp jump in green deposits FY26; deploy funds for clean transport, renewable energy
Indian state-owned banks witnessed a significant rise in green deposits during FY26. This growth reflects growing depositor interest in sustainable finance. The Reserve Bank of India's Green Deposit Framework, introduced in 2023, has played a key role. Banks are channeling these funds into environmentally friendly projects like renewable energy and clean transportation.
Bondada Engineering gains after securing Rs 1,338 crore NTPC Renewable solar and BESS project
Bondada Engineering rose 3.82% to Rs 343.65 after the company announced that it had received a Notification of Award (NOA) from NTPC Renewable Energy for a project valued at Rs 1,338.03 crore.
India sets transmission project deadlines to speed up renewable energy expansion
India has introduced standardized timelines for power transmission projects to accelerate renewable energy integration. The Central Electricity Authority's new guidelines aim to synchronize grid expansion with generation and distribution, reducing delays that hinder new power capacity. These measures are crucial as transmission expansion struggles to match the rapid growth of clean energy.
Madhya Pradesh set to emerge as a major nuclear power hub in country: Official
Madhya Pradesh is becoming a significant nuclear power center. Projects totaling 7,000 MW are underway, with more private sector proposals being considered. This development aligns with national goals for clean energy. The state's proactive approach is attracting new nuclear power projects, positioning it as a key hub for future energy generation in India.
Inox Wind inks MoU with Inox Clean to supply 1,500 MW wind turbines
Inox Wind Limited has entered into an initial agreement with Inox Clean Energy. This pact will see Inox Wind supply 1,500 megawatts of wind turbines. These turbines will power renewable energy projects across India. This collaboration significantly boosts Inox Wind's order book. Inox Clean Energy aims to expand its renewable portfolio substantially by FY29.
Bondada Engineering wins ₹1,338 crore NTPC Renewable Energy EPC order
Bondada Engineering has secured a ₹1,338 crore EPC contract from NTPC Renewable Energy for a solar and battery storage project in Uttar Pradesh, further strengthening its renewable energy order book.
Bondada bags solar / BESS project of Rs 1338.03 crore
From NTPC Renewable Energy
Suzlon Energy sizzles as government targets 100 GW wind capacity by 2030
Suzlon Energy climbed 4.73% to Rs 58.17 after Union Minister for New and Renewable Energy Pralhad Joshi outlined ambitious growth targets for India's wind energy sector and highlighted record capacity additions during FY26.