Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Sinopec unit signs engineering deal for Central Asia's first large-scale integrated biojet fuel complex
Sinopec Engineering will design Central Asia's first large-scale sustainable aviation fuel complex. This project in Uzbekistan will produce biomass-based SAF and e-SAF. The complex will utilize sorghum, rice husks, and straw as its primary feedstock. Solar power will serve as the main electricity source for the plant. This initiative supports Sinopec's low-carbon energy goals and Uzbekistan's aviation hub ambitions.
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.
Defence stocks buck market rally: BEL, Solar Industries, Data Patterns Slip; Nifty India Defence down 2% - Upstox
Defence stocks buck market rally: BEL, Solar Industries, Data Patterns Slip; Nifty India Defence down 2%Upstox
KP Green Engineering wins ₹240 crore orders across business segments
KP Green Engineering has secured fresh orders worth ₹239.61 crore across solar, railway, power transmission and infrastructure segments. The contracts, to be executed in FY27, are expected to boost capacity utilisation and strengthen revenue visibility.
Premier Energies bags Rs 3,011 crore solar orders in June Quarter
Premier Energies secured orders valued at Rs 3,011 crore for solar cells and modules. These contracts are scheduled for delivery across fiscal years 2027 and 2028. The company will supply 1,846 MW of solar cells and modules to various clients. Premier Energies currently possesses significant manufacturing capacities for solar modules and cells. The firm is also investing Rs 6,000 crore to expand its integrated solar operations.
Tata Power targets Rs 1 lakh cr revenue by 2030, reveals key update on nuclear plans
Tata Power aims for Rs 1 lakh crore revenue and Rs 10,000 crore profit by 2030. The company will expand its solar manufacturing capacity by adding a new 10 GW project. Tata Power is also open to entering the nuclear power segment with small modular reactors. It plans to expand distribution footprints in states proposing privatization. The energy network currently serves over 13.1 million distribution customers.
Serentica Renewables inks pact with SECI to supply power from 600 MW FDRE project
Serentica Renewables proudly announces its new power purchase agreement with SECI, dedicated to a groundbreaking 600 MW Firm and Dispatchable Renewable Energy project. Notably, it achieved the largest allocation in the competitive SECI auction. This innovative project ensures electricity provision during non-solar hours, effectively addressing peak demand while significantly cutting down annual carbon emissions, contributing positively to the environment.
Premier Energies discloses order wins worth ₹3,011 crore in the June quarter; Stock rises
Premier Energies also credited the ALMM-2 policy, which mandates the use of listed solar PV cells for projects commissioned from 1 June this year, with cutting import dependence and enabling its growth.
Founder Of Brookfield-Backed Avaada Seeks $750 Million Loan
Avaada Group, which includes Avaada Energy, is one of India's fastest-growing renewable energy developers with a portfolio spanning solar, wind and hybrid power projects.
Founder of Brookfield-backed Avaada seeks $750 million loan
Avaada Group founder Vineet Mittal plans to borrow $750 million from global lenders. This new financing will refinance the company's existing $1 billion credit facility. Several international banks are in talks to underwrite this significant debt deal. Avaada Group is also considering an initial public offering for its solar cell unit.
EL Nino to hit India's energy system harder than anywhere else in world: CREA report
India's energy system faces a significant El Nino impact, with reduced renewable power generation and increased demand for air conditioning. A CREA analysis predicts a potential 18 TWh generation gap, likely leading to a surge in coal-fired power and substantial CO2 emissions. The report stresses the urgency of accelerating solar and battery deployment to bolster grid resilience against extreme weather.