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Power, renewable energy ministries to discuss green power curbs and grid penalties
Renewable energy and power ministries will convene Wednesday to address industry concerns regarding the deviation settlement mechanism and curtailment of green power. Stricter grid compliance rules have raised viability issues for renewable energy projects, prompting ongoing discussions and government examination of these critical matters.
Tata Power in talks with three states for its nuclear power project plan
Tata Power is taking significant strides in its pursuit of nuclear energy. Currently, negotiations are underway with three states regarding its upcoming projects. Anticipation builds as a comprehensive project report is slated for release within the next six months. Additionally, Tata Power is teaming up with NPCIL to bring these nuclear initiatives to fruition.
NTPC to submit first nuclear project feasibility study
Power giant NTPC is set to submit its first nuclear project feasibility study to the Department of Atomic Energy. This move aims to secure approval for standalone nuclear projects. NTPC plans to achieve 2 GW of nuclear capacity by 2032. The company is also exploring sites in Bihar and other states for its ambitious nuclear expansion plans.
Gujarat builds 870 MW battery power backup network to stabilise renewable energy grid
Gujarat has launched battery storage systems totaling 870 MW across five locations to ensure renewable power grid stability. The state has also registered 13 additional projects and integrated BESS with its first solar village, Modhera. This initiative strengthens Gujarat's position as a leader in battery storage solutions in India.
India’s grid bottleneck forces ReNew Energy to waste solar power, threatening profits
India's power grid struggles to handle excess solar energy. ReNew Energy Global Plc faces power curtailment, affecting earnings. The company is investing in battery storage to balance supply and demand. Rising costs from global events add to challenges. Future projects will focus more on solar power.
L&T set to win its fifth-largest order, CLSA calls it 'cheapest' largecap industrial stock
L&T beat BHEL to win the 3.2 GW of power projects to sustain its FY26 49% share in FY27 as well, according to the brokerage note from CLSA. However, the company is yet to make an official announcement in this regard.
Rajiv Ranjan Jha appointed as nominee director of PFC on REC board
Power Finance Corporation welcomes Rajiv Ranjan Jha as its newly appointed nominee director on the board of REC, effective April 6, 2026. With a rich history at PFC since March 1997, Jha is currently the Director of Projects.
Govt explores options to retain 51% stake in merged PFC-REC entity
The government is considering issuing preference shares or fresh equity to keep its stake above 51 percent in the Power Finance Corporation after its merger with REC. This move aims to ensure the combined entity remains a government-owned NBFC. The merged company will be the largest government-owned NBFC, enhancing its capacity for large projects and competition.
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.
NHPC shares in focus on likely Cabinet discussion on hydro projects
The proposed scheme aims to promote small hydro power projects and strengthen clean energy generation in the country.
Om Power Transmission gets SEBI nod for raising funds through IPO launch. Details here
Om Power Transmission, based in Gujarat, has received SEBI approval for its IPO of 1 crore equity shares. The funds will support capital expenditure and debt repayment. The company specializes in high-voltage transmission projects.
India imported over 18,800 MT of uranium for reactors between 2008-25: Govt
Between 2008 and 2025, India embarked on a journey of nuclear energy expansion, importing significant amounts of uranium for its reactors. This development has catapulted nuclear power generation to new heights. The nation aspires to achieve a formidable 100 GW of nuclear capacity, showcasing projects in progress as well as innovative future plans that incorporate both domestic and global technologies.