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SECTOR | 26 Jan 2025

PM Suryaghar, PM Kusum beneficiaries ambassadors of India's RE journey: MNRE

Business Line

The Minister of New & Renewable Energy, Joshi meets with beneficiaries of renewable energy schemes, urging them to be India's RE ambassadors

Axis Direct released a Sector Update report for Energy and Power on 09 Oct, 2025.

Energy and Power

SECTOR | 26 Jan 2025

Power producers face loss as CERC bars payment till plants begin ops

Business Standard

Power producers have opposed Central Electricity Regulatory Commission's new norm of not mandating any payments for power they supply to grid before start of commercial production as it may lead to heavy losses. An association of power producers on January 23 wrote to CERC on the new provision for so-called infirm power, seeking a review of the norm. The decision to not pay for infirm power will lead to a huge loss. Thermal power generators can incur an expense to an extent of Rs 1,000 crore during the 6-12 month trial period towards infirm power before they achieve commercial operation of the plant. "All generating stations will face serious financial constraints in conducting the testing and commissioning activities to complete the trial run operation, as there will not be any source of funding for the fuel expenses. Normally, lenders do not fund fuel expenses," the Association of Power Producers wrote to CERC. Earlier, the regulatory regime allowed recovery of some price/cost ..

Axis Direct released a Sector Update report for Energy and Power on 09 Oct, 2025.

Energy and Power

SECTOR | 25 Jan 2025

NTPC Green Energy Q3FY25 results: Net profit grows 18% to Rs 66 cr

Business Standard

NTPC Green Energy Ltd (NGEL) on Saturday reported 18 per cent rise in consolidated net profit at Rs 65.61 crore for December quarter FY25, on account of higher income. It had logged Rs 55.61 crore net profit in the year-ago quarter, the company said in an exchange filing. Total income rose to Rs 581.46 crore from Rs 463.46 crore. Expenses were at Rs 482.22 crore as against Rs 383.28 crore. Recently listed NGEL is an umbrella company for the green business initiatives of NTPC and undertakes projects through organic and inorganic routes. On Friday, NGEL said its arm NTPC Renewable Energy Limited (NTPC REL) has won a 300 megawatt (MW) solar project from NHPC bidder in the e-reverse auction conducted by NHPC.

Axis Direct released a Sector Update report for Energy and Power on 09 Oct, 2025.

Energy and Power

SECTOR | 24 Jan 2025

Sembcorp launches first greenfield largest utility-scale solar farm in Oman

Business Standard

Sembcorp Industries, headquartered in Singapore, launched its 588 MW solar power project in Oman on Friday. Bilarab bin Haitham Al Said of the Royal Family and the second son of Sultan Haitham bin Tariq, inaugurated the project, the company said. The plant is Sembcorp's first greenfield renewables development project in the Middle East and also the 'largest utility-scale solar farm' in the global renewables portfolio of the company. "The inauguration of Manah 2 Solar Power Plant marks a key milestone in Sembcorp's commitment to Oman's transition to a sustainable future, and strengthening (its) partnership with Nama Power and Water Procurement Company. As Sembcorp's largest utility-scale solar plant globally, it supports Oman's Vision 2040 by advancing the nation's renewable energy targets," said Sembcorp Industries, CEO of Middle East and Chairman, South Asia, Vipul Tuli. The plant would provide clean energy to approximately 60,000 households, reducing carbon emissions, he said in

Axis Direct released a Sector Update report for Energy and Power on 09 Oct, 2025.

Energy and Power

SECTOR | 24 Jan 2025

Suzlon and Torrent Power achieve 1 GW wind energy milestone with a new 486 MW order

Business Line

Suzlon will supply 162 state-of-the-art S144 wind turbine generators (WTGs) with Hybrid Lattice (HLT) Towers, each rated at 3 MW capacity in the Bhogat region in Gujarat

Axis Direct released a Sector Update report for Energy and Power on 09 Oct, 2025.

Reports on projects in Sri Lanka being cancelled false and misleading: Adani Group

IBTimes India | 24 Jan 2025 5 more

Energy and Power

SECTOR | 23 Jan 2025

APTEL directs Maharashtra Discom to pay Rs 2,477 crore to state-run NTPC

Business Standard

The issue dates back to 2014 when MSEDCL terminated the PPA with RGPPL over under supply of power from the plant

Axis Direct released a Sector Update report for Energy and Power on 09 Oct, 2025.

Energy and Power

SECTOR | 23 Jan 2025

Telangana and Akshat Greentech sign MoU to set up solar manufacturing unit

Business Line

Akshat Greentech, will set up a 6.9 GW solar cells and 6.9 GW solar modules manufacturing unit in Hyderabad

Axis Direct released a Sector Update report for Energy and Power on 09 Oct, 2025.

India, US, West Asia to add 100 GW solar capacity in 2025: Wood Mac report

Business Standard | 23 Jan 2025 1 more

Energy and Power

SECTOR | 23 Jan 2025

Waaree Energies up on starting commercial production of Solar Module line

Business Standard

Waaree Energies share rose after the company announced its arm, Waaree Solar Americas Inc. has started its commercial production of 1.6 GW Solar Module line at its Texas unit

Axis Direct released a Sector Update report for Energy and Power on 09 Oct, 2025.

Waaree Energies Starts Commercial Production From Its First US Solar Plant

NDTV Profit | 22 Jan 2025

Energy and Power

SECTOR | 22 Jan 2025

Sun Petrochemicals inks pact with Telangana govt for Rs 45,500 cr projects

Business Standard

Sun Petrochemicals has signed a MoU with the Telangana government for setting up large-scale pumped storage hydro power projects in the state with an investment of Rs 45,000 crore. The projects, "one of the single-largest investment deals ever", will come up in Nagarkurnool, Mancherial, and Mulugu districts of Telangana and are expected to create 7,000 jobs over a period, a release from the state government said. "These projects will have a combined capacity of 3,400 MW and will be complemented by downstream integrated solar power plants with a capacity of 5,440 MW. With an estimated investment of Rs 45,500 crore, this ambitious venture is expected to create over 7,000 jobs during the construction phase, significantly contributing to the socio-economic development of the State," it said. The pact was signed on the sidelines of the World Economic Forum being held in Davos. "Broadbasing the investment base and scope of Telangana, our government has been giving equal importance to all

Axis Direct released a Sector Update report for Energy and Power on 09 Oct, 2025.

Telangana signs MoU with Sun Petrochemicals for 3,400 MW pumped hydro projects

Business Line | 22 Jan 2025 1 more

Energy and Power

SECTOR | 22 Jan 2025

Avaada Secures Rs 8,500 Crore For Renewable Energy And Green Projects

NDTV Profit

The electric utility company has secured financial commitments from SBI, Yes Bank and multiple others.

Axis Direct released a Sector Update report for Energy and Power on 09 Oct, 2025.