INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LTD Q3 RESULTS
US stock market surges today: Nasdaq and S&P 500 hit record highs; Dow flat – Wall Street on the move as Robinhood and AppLovin stocks soar
US stock market opened the week with strong momentum as Nasdaq and S&P 500 reached record highs, while the Dow remained largely flat. Investors are closely watching upcoming inflation reports and Federal Reserve signals, which could shape rate-cut expectations.
Indian conglomerates step up sustainability goals amid rising climate risks
Indian conglomerates including L&T, Vedanta, RPG Group and Zensar are accelerating sustainability efforts amid rising climate risks. L&T launched a Green Campus initiative, cut emissions with biogas, and is targeting zero-waste facilities. Vedanta tied ESG goals to business performance and incentives. RPG’s CEAT and KEC introduced eco-friendly products and digital substations. Raychem RPG and Zensar invested in carbon offsets and solar projects.
India revokes grid access for 17 GW of clean energy projects, says source
India has cancelled grid access for 17 GW of delayed clean energy projects, prioritizing operational and near-completion projects amidst surging power demand. This action, impacting companies like Adani Green and ReNew Power, aims to streamline grid rules and ensure uninterrupted electricity supply. The country is striving to achieve its ambitious 500 GW non-fossil fuel target by 2030.
Cos reset sustainability goals amid extreme weather surge
Indian conglomerates like L&T, RPG Group, and Vedanta are intensifying sustainability efforts due to increased extreme weather events. These initiatives include reducing carbon emissions, promoting renewable energy, and implementing ESG metrics into business goals. Companies are also focusing on waste reduction, biodiversity restoration, and employee training in climate mitigation.
ACME Solar Holdings places order of 2 GWh Battery Energy Storage System
ACME Solar Holdings has ordered 2 GWh of Battery Energy Storage System (BESS) from Chuzhou Lishen New Energy Technology, facilitated by POSCO International and China FAW Group. This order, to be delivered over 6-10 months, will support ACME's FDRE and standalone BESS projects. With this purchase, ACME's total BESS procurement exceeds 5 GWh, ensuring timely project commissioning.
SpiceJet shares fall 5% after airline reports Rs 234 crore net loss in Q1FY26
SpiceJet Share Price: SpiceJet reported a net loss of Rupees 234 crore in the first quarter of fiscal year 2026. This is a reversal from last year's profit. Revenue also declined significantly. Geopolitical issues and aircraft delays impacted performance. Passenger revenue and load factor remained relatively stable. The airline's net worth improved due to financial restructuring.
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NTPC Green Energy shares in focus after MoU to set up hydrogen fuel station at VOC Port
NTPC Green Energy partners with V.O. Chidambaranar Port Authority to establish a green hydrogen fueling station and deploy hydrogen-powered trucks, promoting green energy technologies and decarbonization. The company's financial performance shows a strong increase in net profit and sales. Technically, the stock exhibits mixed signals, trading below longer-term moving averages but above shorter-term ones.
Ahead of Market: 10 things that will decide stock market action on Monday
Indian market closed flat on Friday due to profit booking in consumer and IT sectors, offsetting gains in the auto sector following proposed tax cuts. While domestic investors rotated into mid- and small-cap stocks, U.S. and European markets dipped amid concerns about the pace of economic recovery after a softer-than-expected jobs report.
Adani Group looks to invest USD 60 bn in power, RE sectors till FY32
Adani Group plans to invest approximately USD 60 billion in the power sector by FY32, with a significant focus on renewable energy expansion. The group aims to increase its renewable energy capacity to 50 GW by FY30, investing USD 17 billion in transmission and distribution capabilities. Adani Power will invest USD 22 billion to reach a 41.
Adani Power, Druk Green Power to set up a 570MW hydro power project in Bhutan
Adani Power and Druk Green Power Corporation (DGPC) have partnered to develop the 570 MW Wangchhu hydroelectric project in Bhutan, with an investment of approximately Rs 6,000 crore. This project will meet Bhutan's winter power demand and export surplus energy to India during summer.
Earnings recovery to drive market momentum: Mayuresh Joshi
Indian equity markets saw a 1% gain but stayed below 25,000, prompting analysis of underlying trends. GST rationalization is expected to boost volumes and margins from Q3, benefiting India Inc. Metals led sectoral gains, supported by potential US rate cuts and improved India-China ties. Despite positive indicators, markets remain cautious, awaiting earnings reset and resolution on US tariffs.
Clean energy just 6.1 pc of Himalayan nations' supply despite huge potential: ICIMOD
A new report highlights the untapped renewable energy potential in the Hindu Kush Himalaya region, particularly hydropower, despite climate change risks. While Bhutan and Nepal lead in renewable electricity, fossil fuels dominate in other countries like India and China. The region needs infrastructure investment and technology exchange to fully utilize its clean energy resources and achieve climate goals.
India's solar industry, aiming to compete with China, finds strength as US tariffs hit home
India is aggressively expanding its solar manufacturing capabilities to compete with China, driven by government support and growing domestic demand. ReNew's factory in Jaipur exemplifies this push, contributing significantly to India's clean energy transition. Despite challenges like U.S. tariffs and reliance on Chinese materials, India's solar industry is poised for growth, aiming for energy independence and ambitious renewable energy targets.
GST 2.0 can renew promise of renewables biz, cut power bills
The Goods and Services Tax (GST) Council decided to cut tax on renewable energy parts. Tax rate reduced from twelve percent to five percent. This will boost manufacturing and make renewable energy cheaper. Solar and wind power projects will cost less. Waaree Energies and Suzlon Group plan to pass on the benefits to consumers.
GST on insurance: Planning to delay premium payment after Sept 22 to get rate-cut benefit? Why it may not be a good idea
The Goods and Services Tax (GST) Council has reduced insurance GST rates from 18% to zero. This change applies to policy renewals after September 22, 2025, and new policies. So if you are planning to delay your premium payment after the date, it may not be a good idea.
Nomura initiates coverage on Waaree Energies, Waaree Energies; predicts upside of up to 16%
Global brokerage Nomura has initiated coverage on Waaree Energies and Premier Energies, assigning a ‘Buy’ and ‘Neutral’ rating respectively. The brokerage cited India’s power demand, expected to grow at a 6% CAGR through FY30, as a key growth driver for potential upside in both stocks.
India's tax cut on solar and wind devices to lower clean energy tariff, experts say
India's reduction of the goods and services tax (GST) on solar and wind equipment to 5% from 12% is set to decrease costs for new renewable energy plants. Experts believe this tax cut will pressure existing project developers to lower tariffs, accelerating India's transition to renewable energy sources and potentially unlocking stalled projects.
Clean energy projects installations to get cheaper due to lower tax on devices
India reduces GST on renewable energy devices. The GST Council approved the rate cut to promote green power adoption. Fuel cell vehicles and solar cookers also see reduced duties. The new rates take effect from September 22. Industry leaders expect lower project costs and increased investment. This move supports India's renewable energy targets and sustainable future.
Adani Green, Waaree Energies and other renewable energy stocks in focus as GST cut to 5% from 12%
Renewable energy stocks like Adani Green, Tata Power, NTPC, and Waaree Energies in focus after the GST Council cut tax on solar, wind, biogas, and other clean energy devices and parts to 5% from 12%, lowering costs for developers and boosting green transition.
KP Group partners with AHES, GH2 Solar to set up green ammonia plant in India
KP Group is collaborating with AHES and GH2 for green ammonia production. The facility will be in India with 100,000 metric tons capacity annually. KPI Green Hydrogen & Ammonia Pvt Ltd, AHES Co Ltd, and GH2 Solar Ltd signed a MoU. AHES and GH2 will arrange offtake agreements.
Inox Green signs O&M agreements for solar projects of 189.1 MWp
According to a company statement, the pacts include 96.6 MWp with a global PE-backed Independent Power Producer (IPP) for their projects located in Maharashtra and 92.5 MWp with an IPP for their projects located in Gujarat and Madhya Pradesh. With these additions, Inox Green's solar O&M portfolio has touched 1.8 GW, taking the total renewable O&M portfolio to 5.3 GW, the statement added.
Rooftop solar can deliver significant electricity cost savings for 3.3 lakh Indian SMEs: Study
A study by WRI India highlights the need for SME clusters to adopt rooftop solar solutions to reduce high electricity bills.
Waaree Energies shares in focus on Rs 192 crore acquisition of 64% stake in Kotson’s Pvt Ltd
Waaree Energies is set to acquire a 64% stake in Kotson’s Private Limited for ₹192 crore, aiming to bolster its position in the power value chain. The acquisition, expected to close by September 30, will grant Waaree Energies greater control over supply and product quality. Additionally, Waaree Energies will acquire 100% shareholding in Impactgrid Renewables for ₹1 lakh.
India now offers round-the-clock renewable energy at globally unmatched rates: Piyush Goyal
Piyush Goyal says India excels among G20 nations in sustainability. He highlights PM Modi's role in COP21 success. India aims for 500 GW renewable energy by 2030, using Make in India products. Goyal urges startups to innovate in water harvesting and energy efficiency. He notes India's resilient supply chains and commitment to sustainability.
Bitcoin mining costs $1,300 in Iran, but a whopping $306,000 in Italy - here's the full list
Bitcoin mining costs are very different across countries. In some places it is very cheap, while in others it is very costly. The price of electricity decides how much it costs to make one Bitcoin. This gap shows why mining is easy in some nations and almost impossible in others.
26 MoUs worth Rs 7,020 crore signed during Germany visit, will generate over 15,000 jobs: TN CM Stalin
During his visit to Germany, Tamil Nadu Chief Minister MK Stalin secured 26 MoUs worth Rs 7,020 crore, expected to generate over 15,000 jobs in the state. Key agreements were signed with companies like Knorr-Bremse, Nordex Group, and ebm-papst, focusing on sectors like railway components, renewable energy, and electric motors.
Blackstone eyes clean energy foray with O2 Power cofounder
Blackstone may soon enter India's green energy sector. They are in talks with Parag Sharma to launch a renewable energy platform. Sharma previously sold O2 Power to JSW Energy. Blackstone plans to invest at least $500 mn in this venture. This move aligns with India's goal of 500 GW renewable energy by 2030.
Advanced tech coal power project on the back burner
The government is reconsidering its advanced ultra supercritical (AUSC) power project plans due to high upfront costs and the need for viability gap funding. While the technology offers improved efficiency and lower emissions, similar benefits are available from nuclear and renewable energy sources without subsidies.
IOC's Project SPRINT starts to show results, company gains retail dominance
Indian Oil Corporation's Project SPRINT is yielding positive results, enhancing refinery performance and regaining fuel retail leadership. IOC is expanding refining capacity to 98.4 million tonnes by 2028 and its pipeline network to 22,000 km. The company is also investing significantly in petrochemicals and renewable energy to achieve net-zero emissions by 2046, allocating ₹1.66 lakh crore over five years.
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