INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LTD Q4 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.
China unveils plan to accelerate integration of AI with energy sector
The plan was announced even as the new data shows the numbers of AI firms in the country surged to 5000 from 1400 in the past five years. The plan emphasises breakthroughs in key technologies such as data, computing power and algorithms, outlining measures to optimise data-sharing mechanisms.
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.
Vikram Solar bags 336 MW module supply order from L&T for Khavda solar project
Vikram Solar has secured a 336 MW module supply order from L&T Construction for the Khavda solar project in Gujarat. The company will supply its advanced Hypersol G12R modules, based on N-type technology, enhancing Balance-of-System efficiency and reducing the Levelized Cost of Energy. This project underscores Vikram Solar's commitment to excellence and harnessing the region's solar energy potential.
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.
Vikram Solar shares zoom 7% after securing 336 MW module supply order from L&T
Vikram Solar's shares are set to gain attention following a significant 336 MW high-efficiency solar module order from Larsen & Toubro Construction. The modules, utilizing advanced Hypersol G12R N-type technology, will be deployed in Gujarat's Khavda Renewable Energy Park. This project is expected to improve efficiency and reduce the cost of solar energy.
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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.
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.
GST cut to boost private investment in biogas sector
The Goods and Services Tax on biogas plants is now lower. The new rate is five percent. This change should bring more private investment. The Indian Biogas Association believes projects will become cheaper. They also think this will create jobs. The association hopes for more focus on the supply chain. This move can help biogas projects in India.
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.
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.
Ahead of Market: 10 things that will decide stock market action on Friday
Indian markets ended higher on Thursday as GST reforms supported consumption, while US tariff concerns lingered. Nifty closed at 24,734 and Sensex at 80,718, with active trading in stocks like Ola Electric, Mahindra & Mahindra, Bajaj Finance, and Reliance amid mixed sectoral performance.
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.
15-year-old Aayush Goyal represents India on Global Expedition at North Pole on board nuclear icebreaker
Aayush Goyal, a 15-year-old student, represents India at the North Pole. He was part of Rosatom’s Icebreaker of Knowledge expedition. Aayush was selected among thousands of students globally. He explored climate change and nuclear energy. India and Russia are cooperating on the Northern Sea Route. This route is important for trade and energy.
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.
ACME Solar secures 50 MW dispatchable renewable project from Tata Power-D
ACME Solar Holdings has secured a 50 MW Firm and Dispatchable Renewable Energy (FDRE) project from Tata Power-D, winning the tender with a tariff of Rs 4.43 per unit. The project, combining solar and battery storage, must maintain a 40% CUF and ensure peak-hour supply. ACME will commission the project within 24 months of signing the 25-year PPA.
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.
Current Infraprojects shares list at 90% premium over IPO price on NSE SME platform
Current Infraprojects shares debuted at Rs 152 on NSE SME, a 90% premium. The IPO was subscribed 379 times, attracting bids worth over Rs 13,295 crore. Retail portion saw 396.5 times subscription. The company will use IPO funds for solar projects and working capital. Current Infraprojects operates in infrastructure and renewable energy. It reported total income of Rs 91.
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.
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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