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West Asia conflict fails to slow oil PSUs' capex push
Indian oil companies are pushing ahead with major expansion and clean energy projects. Indian Oil Corporation plans significant investments in refining and renewable energy. Bharat Petroleum Corporation Limited is also allocating substantial funds for refining and marketing. Hindustan Petroleum Corporation Limited's capital expenditure is expected to be slightly lower. These companies are focused on growth and energy transition.
RPSG, Inox, Hexa bid for Enel's renewable energy projects in India
The three firms submitted their bids last week in the ₹3,000 crore enterprise value range for Enel's India business comprising renewable energy generation projects with a potential capacity of 2.5 gigawatts, the people said. The bids were preceded by a six-week period of due diligence during which the Indian suitors were given access to the assets of Enel Green Power India Pvt Ltd.
Adani, Reliance, Lodha, JSW bid for 206-acre Mumbai redevelopment projects
Leading real estate firms are vying to redevelop three large housing colonies in Mumbai. These projects span prime areas like Worli, Bandra Reclamation, and Andheri West. The Maharashtra Housing and Area Development Authority is overseeing the process. This initiative aims to upgrade living standards for residents in older colonies. It promises modern housing and improved urban infrastructure for thousands.
India needs $10-15 billion worth land parcels in five years to set up solar, wind energy projects: Colliers
India needs substantial land for renewable energy expansion. By 2030, approximately 7 lakh acres will be required for solar and wind projects. This land acquisition is estimated to cost between USD 10 to 15 billion. The country is set to significantly increase its renewable energy capacity, driving investment and development across various sectors.
RIL, NTPC, Adani and Lalitpur line up Rs 6.5 lakh cr for nuclear energy
Reliance Industries will invest Rs 2 lakh crore to develop 7,200 MW of nuclear capacity. Adani Power has outlined Rs 1.5 lakh crore for 6,000 MW projects, while state-run NTPC will invest Rs 1 lakh crore in building 7,200 MW capacity. Lalitpur Power Generation Company, part of the Bajaj Group, will invest Rs 2 lakh crore for 5,000 MW capacity, according to a Maharashtra government statement.
RIL, NTPC, Adani and Lalitpur line up Rs 6.5 lakh cr for nuclear energy
Reliance Industries will invest Rs 2 lakh crore to develop 7,200 MW of nuclear capacity. Adani Power has outlined Rs 1.5 lakh crore for 6,000 MW projects, while state-run NTPC will invest Rs 1 lakh crore in building 7,200 MW capacity. Lalitpur Power Generation Company, part of the Bajaj Group, will invest Rs 2 lakh crore for 5,000 MW capacity, according to a Maharashtra government statement.
I Squared to pump $1 billion into power grid assets
US firm I Squared Capital is investing one billion dollars in India's power transmission sector. A new entity, Cube Grid, will build essential grid infrastructure. This move taps into a multi-decade opportunity driven by India's growing energy needs. The company sees stable, long-term returns from transmission projects. This investment will support India's economic growth and energy transition.
Maharashtra govt ramps up nuclear energy with MoUs worth Rs 6.5 lakh crore
Maharashtra has signed MoUs with four companies, including Adani Power and Reliance Industries, to attract Rs 6.5 lakh crore in nuclear energy investments. These projects aim to generate 25,400 MW of power and create 1,23,500 jobs, bolstering the state's clean energy initiatives and contributing to India's energy-rich nation goal.
North Star: UK’s BII, Denmark’s CIP unveil $300 million green energy platform in India
British International Investment and Copenhagen Infrastructure Partners launch North Star, a $300 million dollar platform to fund renewable projects in India and cut emissions
Power Grid shares have underperformed over the last month, but 60% analysts say 'buy'
Power Grid beat capex and capitalization guidance for FY26 and has guided for upcoming beat of its FY27 guidance as well. It also sees new opportunities from intra-state transmission projects and BESS, which can increase TAM.
India, US companies hold talks on nuclear energy cooperation
India and US nuclear industry leaders met to boost collaboration. Discussions focused on reducing costs and construction times for nuclear power projects. India aims for 100 GW nuclear capacity by 2047. The US delegation represents advanced reactor technologies and fuel cycle innovation. New opportunities for partnerships in project development and manufacturing are being explored.
Block deal: JSW Energy sells Rs 3,150 crore JSW Steel stake to GQG, SBI Mutual Fund
JSW Energy has divested a portion of its JSW Steel stake for Rs 3,150 crore to fund its aggressive power generation expansion. The company aims to reach 30 GW capacity by 2030, bolstered by both renewable and thermal power projects. This strategic move enhances capital allocation and supports long-term growth initiatives.