Market News
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ReNew commissions 2.4 GW, marks record renewable capacity addition
ReNew Energy Global Plc achieved a record 2.4 GW of new renewable energy capacity in FY2026. This brings their total operating capacity to 12.6 GW, making them the second largest in India. The company also has significant solar manufacturing capabilities. This marks a significant milestone for ReNew's growth in the renewable energy sector.
CleanMax, Sangam India partner for hybrid renewable energy supply in Rajasthan
CleanMax Enviro Energy Solutions and Sangam India have joined forces. This partnership aims to reduce carbon emissions for Sangam India's operations in Rajasthan. A hybrid renewable energy supply agreement has been signed. It will provide solar and wind power, supported by battery storage. This will power five Sangam facilities across Rajasthan.
Stocks to Buy: HSBC initiates on these two renewable stocks for up to 33% upside
All 11 analysts tracking Acme Solar have a 'Buy' rating, while HSBC is the first to initiate coverage on Clean Max.
Saatvik Green subsidiary secures ₹109-crore order for solar PV modules
The orders are for the supply of solar photovoltaic (PV) modules and are scheduled to be executed by September 2026. Shares of Saatvik Green Energy Ltd ended at ₹421.35, up by ₹2.80, or 0.67%, on the BSE today, April 9.
CleanMax commissions 185 MW wind-solar project in Gujarat; ₹165-cr revenue expected
The project is expected to add more than ₹165 crore annually to the company’s revenue from FY27, once stabilised. Shares of CleanMax closed at ₹843.65 apiece, up 0.27% today, April 7.
Rajesh Palviya of Axis Sec suggests ACME Solar, Shriram Finance, Hindalco shares to buy today
On March 20, Nifty 50 and Sensex opened higher after a significant drop, buoyed by easing oil prices. The indices experienced a decline of 3.3% previously, with HDFC Bank losses leading. ACME Solar shows bullish momentum while Shriram Finance and Hindalco indicate bearish trends.
Market Trading Guide: Buy ACME Solar and Ather Energy on Friday for gains up to 14%
Nifty tumbled amid surging crude oil prices and the Fed’s cautious rate outlook, with technical indicators signaling bearish momentum. Analysts warn of further downside below 23,000, while select stocks like ACME Solar and Ather Energy show bullish breakout potential.
Waaree Energies shares rocket 12%, up 18% in 3 sessions! What’s behind the stellar rally?
Waaree Energies shares climbed significantly on Wednesday. This surge follows the company's announcement of a major solar ingot and wafer manufacturing facility in Nagpur. The 10 GW capacity unit is set to boost India's clean energy manufacturing. Additionally, Waaree Energies is now the title sponsor for Rajasthan Royals. This partnership aims to promote clean energy as a people's movement.
Solar equipment makers get no funds under Rs 24,000 crore PLI scheme till February end: Parliament
No funds have been disbursed to solar equipment makers under the Rs 24,000-crore Production Linked Incentive scheme as of February-end. The scheme mandates a one-year post-commissioning period before fund release. While significant manufacturing capacity has been established, upstream component production faces challenges. The government is actively working to strengthen domestic capabilities and reduce import reliance.
CESC awards 600 MW wind-solar hybrid projects to four firms, 300 MW to subsidiary Purvah
Shares of CESC Ltd ended at ₹156.20, down by ₹0.65, or 0.41%, on the BSE.
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.
Tracker-mounted solar projects give higher output than fixed-tilt systems: Study
A study by SgurrEnergy and Nextpower found that single-axis solar tracker systems in India generate 15–23% more energy than fixed-tilt installations and deliver higher efficiency across key performance metrics. The analysis, based on projects in Rajasthan, Andhra Pradesh and Madhya Pradesh, showed trackers also improve capacity utilisation and performance ratios while requiring 14–18% lower installed capacity to achieve similar output.