Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Adani Green Energy's arm inks pact with UAE firm to develop renewable energy projects in India
Adani Green Energy Limited's UAE arm has partnered with Minerva Holding RSC. This joint venture will focus on developing renewable energy projects within India. Minerva Holding is a subsidiary of EPointZero Holding RSC Ltd, which is part of the UAE's International Holding Company PJSC. Adani Green Energy will hold a stake in this new venture.
CLEANMAX commissions 185 MW hybrid renewable energy project at Kalavad, Gujarat
Clean Max Enviro Energy Solutions announced the commissioning of its 185 MW hybrid renewable energy project at Kalavad, Gujarat.
India achieves highest-ever annual wind energy capacity addition of 6.05 GW in 2025-26
India has set a new record for wind energy capacity addition. In 2025-26, the nation added 6.05 GW of wind power. This brings the total installed wind capacity to over 56 GW. This achievement is driven by strong policies and project execution. States like Gujarat, Karnataka, and Maharashtra led the additions. This boosts India's renewable energy goals.
US-Iran war, gas crisis, puts the spotlight on renewable stocks like Waaree, ACME and others
On Wednesday, the Ministry of New and Renewable Energy has expanded the order on approved list of model manufacturers (ALMM) to introduce ALMM List-III for ingots and wafers, which will take effect from June 1, 2028.
UltraTech to pick up 26% in Sunsure Solarpark Seven
UltraTech Cement is set to acquire a significant stake in Sunsure Solarpark Seven. This move aims to secure green energy for UltraTech. The acquisition will help optimize energy costs and meet regulatory demands. The deal is expected to be finalized within 180 days. This strategic investment underscores UltraTech's commitment to renewable energy.
Cabinet approves Rs 2,585 crore Small Hydro Power Development Scheme
The Union Cabinet has approved a Rs 2,585 crore scheme to boost small hydro power development. This initiative aims to add 1,500 MW of renewable capacity by 2030-31. Projects will be run-of-river, avoiding dams and displacement. The scheme is expected to attract Rs 15,000 crore in investment, creating clean energy and boosting the nation's renewable capacity.
Italian energy major Enel files international arbitration against Waaree Energies
Italian energy giant Enel SpA has launched arbitration proceedings against solar manufacturer Waaree Energies Ltd. The case, filed in London, concerns alleged loss of profits following a failed acquisition of Enel's Indian renewable arm. Waaree Energies disputes the claims and plans to contest them. The financial impact remains undetermined pending the arbitration outcome. Waaree will explore all legal options.
India’s power capacity to surge with renewables; NTPC top pick in sector: Bernstein
Bernstein’s Nikhil Nigania said India’s power sector is entering a major expansion phase, with installed capacity of about 525 GW expected to rise sharply as the country adds nearly 50 GW of renewable energy annually. While renewables will drive growth, transmission infrastructure remains a key bottleneck. Nigania prefers traditional power and transmission plays, naming NTPC as his top pick, while remaining cautious on renewable equipment makers due to potential margin pressure and supply-demand imbalances.
Stocks in news: Tata Steel, Kaynes Tech, GAIL, Somany Ceramics, TVS Motor
Indian markets continued their downward trend on Thursday. Several companies saw significant news. BofA Securities invested in Kaynes Technologies. GAIL assured uninterrupted gas supply to Bengaluru. South Indian Bank launched EPF payment services. DCM Shriram approved renewable energy investment. TVS Motor launched a new electric scooter. Tata Steel moved court over a GST demand.
'Alternate sources in play to meet peak power demand this summer'
India anticipates sufficient power supply this summer. New coal and renewable energy capacities will meet demand. Battery storage is also coming online. This comes as gas-fired power generation may be reduced. Peak power demand is projected to rise significantly. The government has alternative resources to ensure adequate supply.
KKR eyes multiple, independent green assets in India
KKR is vying for Sprng Energy and Gentari directly through its Asia fund, not via its renewable energy platform Serentica.
NTPC Green gains after arm commissions 270 MW at Khavda-II solar project in Gujarat
NTPC Green Energy rose 1.16% to Rs 87.72 after the company said that its arm, NTPC Renewable Energy, has declared commercial operation of the third part capacity of 270 MW out of its 1,200 MW Khavda-II solar PV project in Gujarat.