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BluPine Energy Secures ₹2,416 Cr to Build Hybrid Clean Power Project in Karnataka

India's Wind Energy Sector Accelerates Amid Renewable Power Expansion

India’s Wind Energy Sector Accelerates Amid Renewable Power Expansion

India has made substantial progress in its renewable energy journey, with wind power becoming a critical component. In the past year, the country’s wind energy capacity surged by 10.5%, taking the total to 51.5 gigawatts (GW). This advancement demonstrates India’s persistent efforts to expand its clean energy footprint and curb carbon emissions.

India’s Rising Influence in the Global Clean Energy Space

India currently ranks as the third-largest producer of renewable energy and holds the fourth spot globally for wind energy capacity. This growth underscores India’s growing influence in the international renewable energy landscape.

Marking Global Wind Day, Union Minister Pralhad Joshi highlighted wind energy’s pivotal role in fulfilling India’s ambition of becoming self-reliant (Atmanirbhar Bharat). He emphasized that expanding wind energy is vital for achieving environmental goals, creating jobs, promoting local manufacturing, and minimizing dependence on imported fuels.

Strong Growth Across Renewable Energy Segments

India’s cumulative renewable energy capacity has now climbed to 226.74 GW, representing a 17.1% year-on-year increase. Solar energy has been the primary growth engine, showing an impressive 31.5% rise to reach 110.83 GW.

Despite solar’s rapid advancement, wind power continues to provide essential diversification and stability within India’s renewable energy framework.

Policy Backing Fuels Wind Energy Expansion

Policy measures from the Indian government have played a decisive role in advancing wind energy. Initiatives like waiving inter-state transmission charges for renewable projects have significantly lowered operational costs, enhancing wind power’s attractiveness.

Further, Renewable Purchase Obligations (RPOs) mandate that power distributors acquire a specific share of their energy from renewable sources, maintaining steady demand for wind energy.

The sector’s openness to full foreign direct investment (FDI) has drawn international capital, which has been instrumental in scaling wind energy initiatives. Additionally, the Union Budget’s 53% increase in renewable energy allocations has added further momentum to project development.

Future Targets and Offshore Wind Potential

India aims to achieve 500 GW of renewable energy capacity by 2030, with wind energy expected to contribute 100 GW. Offshore wind installations are set to play a significant part in this expansion, supported by India’s extensive coastline and favorable wind profiles.

However, the development of offshore wind farms will require heavy investments in port upgrades, grid infrastructure, and specialized offshore equipment.

Environmental Benefits and Energy Independence

Wind power is integral to India’s strategy for lowering greenhouse gas emissions and cutting reliance on coal-powered plants. This transition supports the country’s climate commitments and is likely to result in cleaner air and healthier urban environments.

At the same time, expanding renewable energy reduces the nation’s dependency on expensive imported fossil fuels, strengthening India’s energy autonomy.

Promising Outlook for India’s Wind Sector

The outlook for wind energy in India remains highly positive, bolstered by proactive policy support, growing investor interest, and the national commitment to renewable expansion. The sector is also contributing to employment growth in areas like equipment manufacturing, logistics, construction, and project maintenance.

Wind energy is expected to retain its central role in India’s renewable roadmap, supporting the creation of a sustainable, affordable, and low-emission energy system.

Conclusion

India’s wind energy capacity rose by 10.5% in the past year, reaching 51.5 GW. This progress, driven by favorable government policies, robust investments, and aggressive renewable targets, solidifies the importance of wind power in India’s green energy transformation.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Port of Los Angeles Records Significant Drop in Imports Due to U.S. Tariff Impact

Grainspan Boosts Ethanol Output with ₹520 Crore Investment in Gujarat Plants

Grainspan Boosts Ethanol Output with ₹520 Crore Investment in Gujarat Plants

Grainspan Boosts Ethanol Output with ₹520 Crore Investment in Gujarat Plants

Driven by government incentives and rising green fuel demand, Grainspan expands ethanol production capacity to support India’s ambitious fuel blending goals.

Grainspan Scales Up Ethanol Manufacturing with Strategic Investment

In a major move toward eco-friendly fuel advancement, Grainspan Nutrients has earmarked ₹520 crore for the construction of two cutting-edge grain-based ethanol plants in Ahmedabad district, Gujarat. These facilities, designed to produce ethanol using maize and rice, play a vital role in supporting India’s ethanol blending goals while also helping the company diversify and grow its revenue streams.

The initial facility, situated in Bhamsara Village, commenced operations in May 2023, introducing Gujarat to its inaugural venture in ethanol manufacturing from grains. The facility boasts a daily production capacity of 110 kilolitres (KL). Building on its success, Grainspan recently launched a second plant at the same site, with a significantly higher capacity of 240 KL per day and an investment of ₹360 crore.

Government Subsidies Drive Ethanol Industry Expansion

Grainspan’s expansion has been significantly supported by the Union Government’s interest subvention schemes aimed at enhancing ethanol production in India. Introduced between 2018 and 2022, these schemes offer subsidized interest rates on loans for establishing or expanding ethanol plants. Grainspan’s first ethanol plant was partly financed through a ₹120 crore loan obtained under a government-supported interest subsidy program.

While the first facility benefited from interest support, the second plant, despite being fully operational, did not receive similar subsidy support. However, the company remains confident in the commercial viability of both projects, driven by consistent demand from Oil Marketing Companies (OMCs) under the Ethanol Blending Programme (EBP).

Ethanol Production to Fuel Revenue Growth

The two ethanol units combined can now produce 350 KL of ethanol per day. Grainspan has set its sights on delivering around 8 crore litres of ethanol during the 2024–25 Ethanol Supply Year, which stretches from November through October. This volume is expected to grow to 12 crore litres in the following year, contributing over ₹800 crore to the company’s top line, given the fixed supply price of around ₹72 per litre.

Grainspan’s decision to diversify into ethanol manufacturing has paid off significantly. In the last fiscal year, the company recorded a 20% jump in revenue, reaching ₹758 crore. Of the overall revenue, ₹416 crore originated from the firm’s core food ingredients division, whereas ₹342 crore was generated through its ethanol business activities.

Ethanol Blending in Gujarat and Beyond

Grainspan operates two of the three grain-based ethanol plants currently active in Gujarat, underscoring the company’s leadership role in the state’s green fuel initiative. In addition to these, Gujarat is home to 13 sugarcane-based distilleries that contribute to the ethanol supply chain.

By June 8, 2025, Gujarat had achieved an ethanol blending rate of 18.9%, contributing close to 33 crore litres to the overall supply. On a national scale, ethanol integration into fuel has consistently climbed, with 548 crore litres blended by May 25 in the current Ethanol Supply Year 2024–25, reflecting a nationwide blending percentage of 18.74%.

India has outlined an aggressive goal to attain a 20% ethanol-to-petrol blending ratio by the 2025–26 financial year. The growing participation of companies like Grainspan in the ethanol sector is seen as a crucial driver in reaching this goal.

India’s Ethanol Journey: A Decade of Transformation

The ethanol landscape in India has evolved rapidly over the past decade. Back in 2013, India’s ethanol distillation infrastructure was limited to 421 crore litres, with fuel blending rates barely reaching 1.53%. By the year 2025, India’s capacity to produce ethanol has witnessed an exponential rise, reaching 1,810 crore litres—a fourfold expansion—driven by 816 crore litres from molasses processing, 136 crore litres via dual-feed systems, and 858 crore litres sourced from grain-based production units.

This massive scale-up is largely attributed to proactive government policies, including interest subsidies and mandates for fuel blending. This transformation triggered a massive escalation in ethanol supply to Oil Marketing Companies, rising from just 38 crore litres in 2013–14 to an impressive 707 crore litres in 2023–24—a growth of nearly eighteen times within a decade.

Looking Ahead: Ethanol as a Pillar of Sustainable Energy

With rising awareness around clean energy and energy independence, ethanol is increasingly being recognized as a critical alternative to fossil fuels. Companies like Grainspan are at the forefront of this transformation, not only meeting domestic requirements but also eyeing future export opportunities.

The recent push to convert existing sugarcane-based distilleries into multi-feed plants — enabled by a new interest subvention scheme launched in March 2025 — further underlines the government’s commitment to ethanol as a long-term energy strategy.

Final Thoughts

Grainspan Nutrients’ ₹520 crore investment in ethanol production marks a pivotal development in Gujarat’s and India’s green fuel journey. Backed by favorable government policies and strong market demand, the company has rapidly scaled its ethanol capacity while contributing significantly to national fuel blending targets.

As the country marches toward its 20% blending target by 2025–26, enterprises like Grainspan will play an essential role in shaping India’s energy future — one that leans toward sustainability, self-reliance, and innovation.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Sun Pharma’s Halol Faces USFDA Inspection Setbacks

Waaree Renewable Technologies: Order Book Surges to ₹1,480 Crore as Growth Accelerates

ACME Solar Unveils 19.8 MW Wind Project in Gujarat

ACME Solar Unveils 19.8 MW Wind Project in Gujarat

ACME Solar Holdings adds 19.8 MW wind power capacity in Gujarat, pushing total renewable capacity to 2,826.2 MW as it nears full commissioning of its 50 MW Shapur wind project.

Summary:
ACME Solar Holdings has successfully launched an extra 19.8 MW of wind capacity in Shapur, Gujarat, contributing to its overall 50 MW wind project. This new phase comes after a 26.4 MW deployment in May, increasing the total operating capacity of the project to 46.2 MW. With just 3.8 MW remaining, the company is poised to complete the project shortly. ACME’s cumulative renewable energy portfolio now stands at an impressive 2,826.2 MW, underscoring its position as a key player in India’s transition toward clean energy.

ACME Solar Holdings Ltd, one of India’s leading renewable energy companies, has successfully commissioned 19.8 megawatts (MW) of wind power capacity in Shapur, Gujarat. This milestone marks the second phase of the company’s 50 MW wind power project in the region. Combined with the 26.4 MW already commissioned in May 2025, the company has now operationalized 46.2 MW of the total project capacity.
This gradual implementation is a component of ACME Solar’s larger plan to expand its renewable energy offerings and sustain progress in India’s shift toward cleaner energy. The commissioning of the remaining 3.8 MW is expected to be completed in the coming weeks, effectively concluding the Shapur wind project.

Boosting Renewable Energy Footprint
With this recent update, ACME Solar’s total renewable energy capacity has now totalled 2,826.2 MW across its entire portfolio. The company continues to cement its leadership position in the renewable sector with an expanding mix of solar and wind energy projects deployed across various Indian states.
This wind project in Shapur not only strengthens the company’s wind portfolio but also reflects its hybrid energy ambitions. ACME is increasingly leveraging synergies between solar and wind power to deliver integrated energy solutions and optimize grid integration.

Shapur Wind Project: A Strategic Investment
Located in the wind-rich district of Shapur in Gujarat, the 50 MW project is a strategic part of ACME’s broader vision to tap into India’s diverse renewable resources. Gujarat has emerged as a preferred destination for wind energy projects due to its favourable wind conditions, well-developed infrastructure, and proactive state government policies supporting green energy.
The Shapur project has been designed with state-of-the-art wind turbine technology to maximize energy yield and efficiency. Once the remaining 3.8 MW is commissioned, the project is expected to generate enough clean electricity to power approximately 50,000 households annually while offsetting over 95,000 tonnes of carbon emissions each year.

ACME Solar’s Growing Green Energy Ambitions
Founded in 2003, ACME Solar has emerged as a prominent figure in the renewable energy sector in India. While the company started as a solar energy firm, it has since expanded into wind and hybrid projects, keeping pace with evolving energy needs and policy frameworks.
The commissioning of the Shapur wind capacity aligns with ACME’s larger vision of achieving a 5 GW renewable energy portfolio in the next few years. The company’s operational projects span multiple states, including Rajasthan, Madhya Pradesh, Uttar Pradesh, Karnataka, and Tamil Nadu, making it a significant contributor to India’s ambitious target of achieving 500 GW of non-fossil fuel-based capacity by 2030.

Policy and Market Context
India’s renewable energy sector has been experiencing accelerated growth, supported by favourable government policies, improved financing mechanisms, and global climate commitments. The Ministry of New and Renewable Energy (MNRE) continues to offer incentives and ease regulatory processes, boosting investor confidence.
Moreover, with increased demand for clean power from commercial and industrial (C&I) consumers, developers like ACME Solar are well-positioned to cater to the market. The recently commissioned capacity in Gujarat also contributes toward the state’s renewable energy target of 67 GW by 2030, showcasing how public and private sector cooperation can drive meaningful progress.

Future Outlook
The successful commissioning of 46.2 MW out of the intended 50 MW highlights ACME Solar’s expertise in project execution. The near-term commissioning of the final 3.8 MW will mark the completion of another significant renewable milestone for the company.
Looking ahead, ACME is expected to continue expanding both organically and through partnerships. The company is also exploring green hydrogen, battery storage solutions, and international projects, reinforcing its commitment to sustainable innovation.
As India strives to reduce its carbon footprint and transition to a cleaner energy matrix, players like ACME Solar are not just participating in the energy revolution—they are actively shaping it.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Temasek Partners with Microsoft, BlackRock, and MGX

Battery Storage Win Powers Acme Solar’s Stock Surge

Waaree Energies Surges 4% on Major U.S. Solar Deal!

Waaree Energies Surges 4% on Major U.S. Solar Deal!

Waaree Solar Americas secures a significant international order, signalling strong global momentum and robust growth prospects for India’s largest solar PV module manufacturer.

Summary:
Waaree Energies Ltd, India’s largest solar module manufacturer, witnessed a 4.1% jump in its stock price on June 11, 2025, after its U.S.-based subsidiary, Waaree Solar Americas, secured a significant order to supply 599 MW of solar modules. The development underscores Waaree’s growing international footprint, strategic manufacturing expansion, and commitment to green energy solutions under global sustainability goals.

Waaree Energies Shines as Clean Energy Momentum Builds
In a clear indicator of India’s rising prominence in the global solar energy supply chain, Waaree Energies Ltd saw its stock rally by over 4% in intraday trade on Wednesday, June 11, 2025. The bullish movement came after the company’s wholly owned US subsidiary, Waaree Solar Americas, secured a substantial order to supply 599 megawatts (MW) of solar PV modules to a significant project developer in the United States.
The order is one of the largest international deals for the company to date and is set to be fulfilled from Waaree’s state-of-the-art manufacturing facilities in India. The contract reaffirms the company’s strong global positioning and the trust it enjoys from international renewable energy developers.

A Strategic Win for Waaree Solar Americas
Waaree Solar Americas has been actively engaged in catering to the growing US demand for sustainable energy solutions. The recent order win validates the group’s strategy to expand its footprint in key international markets, particularly North America, which is undergoing an accelerated transition toward renewable energy.
The 599 MW solar module order is expected to be executed over the next few quarters. While the financial details of the deal remain undisclosed, the size and scale of the order reflect robust demand for high-efficiency solar modules amid the US’s push for energy security, carbon neutrality, and domestic job creation.

Stock Market Response and Investor Sentiment
Following the announcement, Waaree Energies’ shares rose by 4.1%, trading at ₹437.85 on the BSE by mid-afternoon, marking a sharp recovery from recent consolidation. The positive momentum was supported by strong investor sentiment around renewable energy and optimism surrounding India’s manufacturing prowess.
The stock has gained over 18% in the last three months, driven by a series of order wins, manufacturing capacity expansions, and favourable regulatory developments supporting solar energy adoption in both domestic and export markets.

Waaree’s Growing Global Presence
Established in 1989 and based in Mumbai, Waaree Energies holds the title of India’s largest manufacturer of solar PV modules. As of 2024, the company boasts a production capacity of 12 GW, which is anticipated to grow to 20 GW by the close of FY26.
The company has strategically invested in technological upgrades, including TOPCon and bifacial module technologies, to meet the evolving needs of utility-scale, commercial, and residential solar projects across geographies.
Apart from its dominant position in the Indian market, Waaree has a growing presence in the US, Europe, and the Middle East. Its entry into the US market via Waaree Solar Americas has allowed it to tap into tax-incentivized green energy investments under the US Inflation Reduction Act (IRA).

Driving India’s Solar Export Ambitions
The US solar market has increasingly relied on trusted global partners for its module requirements, especially as import restrictions and quality standards are tightening. Indian manufacturers like Waaree Energies are emerging as key players thanks to their cost competitiveness, technological capabilities, and compliance with international quality benchmarks.
The latest deal contributes meaningfully to India’s ambition to become a net exporter of clean energy technology, aligning with national goals under the PLI (Production Linked Incentive) scheme and Atmanirbhar Bharat (self-reliant India) initiative.

Management Commentary and Outlook
While an official statement from Waaree’s top executives is awaited, industry analysts view this order as a vote of confidence in Waaree’s product reliability and after-sales support ecosystem.
“The 599 MW deal puts Waaree in a favourable position to win repeat business from US developers and utility companies. This could open the floodgates for more contracts in the 500 MW+ range, which are the sweet spot for large solar farms,” said a renewable energy analyst from a leading brokerage firm.
Looking ahead, Waaree is expected to ramp up both its R&D initiatives and global channel partnerships, with a focus on value-added services, such as storage integration and EPC (Engineering, Procurement, and Construction) capabilities.

Challenges and Competitive Landscape
Despite the positive outlook, Waaree Energies encounters strong competition from both local and global companies such as Adani Solar, Vikram Solar, Trina Solar, and Longi Green Energy. Additionally, supply chain constraints, module price volatility, and regulatory changes in export markets continue to pose risks.
Nonetheless, Waaree’s integrated manufacturing model, global certifications, and large order pipeline provide a firm cushion against cyclical pressures in the solar energy sector.

Conclusion
The 599 MW module supply order won by Waaree Solar Americas marks a significant milestone for Waaree Energies, reinforcing its growing influence in the global renewable energy space. The development not only reflects the company’s operational excellence and international credibility but also highlights India’s increasing role in decarbonizing the world economy.
As governments and corporations double down on clean energy adoption, Waaree’s continued focus on scaling, innovation, and internationalization positions it well to be a frontrunner in the global solar revolution.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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India Set to Double Natural Gas Usage by 2040, Says Regulatory Study

Oil Prices Slip as Investors Remain Cautious Over Possible U.S. Role in Iran-Israel Dispute

India Set to Double Natural Gas Usage by 2040, Says Regulatory Study

India Set to Double Natural Gas Usage by 2040, Says Regulatory Study

A fresh projection by PNGRB highlights a sharp rise in gas demand, fueled by cleaner energy adoption in vehicles, homes, and industrial sectors.

India’s Natural Gas Outlook: A Decade of Rapid Growth Ahead

India is poised for a significant leap in natural gas usage over the next two decades, according to a fresh assessment from the Petroleum and Natural Gas Regulatory Board (PNGRB). The study anticipates that the country’s daily gas consumption will increase by nearly 60% by 2030 and more than double by 2040 compared to current levels.

This anticipated rise is closely tied to expanded adoption of compressed natural gas (CNG) for transportation, greater household usage through piped gas networks, and increased reliance on gas across various industrial processes.

Projected Demand: A Look at the Numbers

According to a recent assessment by the Petroleum and Natural Gas Regulatory Board (PNGRB), India is utilizing approximately 187 million standard cubic metres of natural gas each day during the fiscal year 2023–24. Under the ‘Good-to-Go’ scenario — which presumes stable growth in line with existing policies and trends — demand is forecasted to reach 297 mmscmd by 2030. The upward trajectory is expected to persist through the next decade, with daily natural gas usage anticipated to reach 496 million standard cubic metres by the year 2040.

In a more optimistic scenario dubbed ‘Good-to-Best’, which factors in accelerated reforms, improved policy execution, and greater investments, the demand outlook is even stronger — growing to 365 mmscmd by 2030 and soaring to 630 mmscmd by 2040.

Clean, Affordable, and Growing: Why Gas is Gaining Ground

The report emphasizes that natural gas stands out as a clean, economical, and practical energy source when compared to other fossil fuels. As India’s overall energy requirements continue to climb, natural gas is being positioned as a key transitional fuel, especially important in the country’s journey towards its net-zero emission target by 2070.

The government has set a goal to raise the share of natural gas in the national energy mix to 15% by 2030 — more than double the current share of approximately 7%. This effort supports India’s shift from high-emission fuels to more sustainable options.

City Gas Distribution to Lead the Demand Curve

City Gas Distribution (CGD), which includes supplying CNG to vehicles and piping gas into residential kitchens and industrial units, is expected to be the biggest growth driver. The sector currently consumes around 37 mmscmd, but this is projected to rise significantly, hitting over 87 mmscmd by 2030.

By that time, CGD is forecasted to overtake the fertilizer sector to become the largest consumer of natural gas, contributing nearly 29% to total demand in 2030 and a substantial 44% by 2040.

Sectoral Trends: Fertilizer, Power, and Refining

While CGD will see the sharpest growth, other sectors are expected to show moderate increases. At present, the fertilizer sector stands as the top consumer of natural gas, using 58 million standard cubic metres daily—a figure anticipated to climb to 65.3 mmscmd by 2030 and further to 72.9 mmscmd by 2040. However, with no major new fertilizer plants planned in the near future, this growth will be gradual.

Natural gas usage in electricity generation is forecast to expand from the present level of 25.2 million standard cubic metres per day to 35.7 mmscmd by 2030, reaching 43.5 mmscmd by 2040. Meanwhile, refineries and petrochemical industries are also on track for a sharp uptick in demand—rising from 22 mmscmd currently to 43.3 mmscmd by 2030—fueled by a growing focus on integrating petrochemical operations.

LNG to Play a Critical Role in Bridging Demand

As India’s domestic gas production may not keep pace with the accelerating demand, the country is expected to lean heavily on imports of liquefied natural gas (LNG). The report indicates that LNG imports will more than double by 2030 to close the demand-supply gap.

Post-2030, LNG is also expected to carve a niche in the long-haul transport sector. With the potential to significantly reduce dependence on diesel, LNG trucks may follow a growth trajectory similar to that of China’s success in reducing diesel reliance. Emerging global LNG supply dynamics indicate promising prospects for securing extended-term agreements and maintaining steady pricing over time.

Final Thoughts

India’s energy landscape is set for a major transformation, with natural gas emerging as a key player in the country’s transition to cleaner fuels. Backed by favorable policies, rising urban demand, and strong industrial uptake, gas consumption is projected to increase substantially over the next 15 years.

As city gas networks drive demand and LNG fills the shortfall, natural gas is poised to play a central role in advancing India’s transition to cleaner energy. Moderate expansion in the fertilizer, power, and refining sectors further supports this upward trajectory.

The PNGRB study outlines a clear path: if policies remain supportive and investments continue to flow, India can look forward to a robust, gas-powered future that aligns with its environmental commitments and growing energy needs.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Paras Defence Declares Stock Split Amid Shareholding Shift

Coal India Reopens 32 Mines as Clean Energy Progress Falters

Coal India Reopens 32 Mines as Clean Energy Progress Falters

Coal India Reopens 32 Mines as Clean Energy Progress Falters

The state-owned mining company shifts focus to coal, restarting idle mines and initiating new developments to address India’s growing energy needs.

India’s Energy Crunch: Renewables Lag, Coal Steps In
India’s energy consumption is soaring, driven by rapid economic growth and industrialization. In 2023, the country consumed nearly 40.5 exajoules of energy, with industry accounting for almost half of this demand. The government’s ambitious clean energy targets—500 GW from renewables by 2030—require $68 billion in annual investments, but last year’s investment was only $13 billion, highlighting a significant shortfall.
Despite aggressive solar and wind expansion, renewables have yet to deliver the scale and reliability needed to power India’s growing economy. As a result, coal still underpins 74% of the nation’s electricity generation as of 2024. Although coal’s share is expected to drop to 55% by 2030 and further to 27% by 2047, it remains crucial for meeting near-term energy needs.

Reviving Defunct Mines: Policy and Execution
The decision to restart 32 abandoned mines is rooted in a December 2024 policy from the Ministry of Coal, which aims to boost domestic supply and cut reliance on imports. These mines, previously shuttered due to outdated machinery and manual operations, will now be modernized and operated through revenue-sharing agreements with private partners. At least six are expected to be operational in FY 2025-26, with five new greenfield projects also in the pipeline.
As of 2025, contracts for 27 of the mines have already been granted, with the rest anticipated to be allocated in the near future. Coal India’s Chairman and Managing Director, PM Prasad, emphasized that this strategy is essential to bridge the gap until renewable capacity can catch up with demand.

Coal India’s Production Ambitions
Coal India currently operates 310 mines and supplies about 75% of the country’s coal needs. The company is targeting an annual production increase of 6–7%, with an ambitious objective of reaching 1.5 billion tonnes by 2030. This expansion is critical as India’s primary energy consumption is projected to more than double by 2050.
Despite the renewed focus on coal, Prasad reaffirmed Coal India’s commitment to India’s net-zero target by 2070, stating that coal production is expected to peak by 2035 before gradually declining as clean energy sources ramp up.

Mine Closures: A Slow and Complex Process
While reopening mines, Coal India is also grappling with the formal closure of old sites. In the last ten years, 299 mines have been classified as abandoned, non-operational, or closed, including 130 that have been shut down since 2009. However, only three have been formally closed under government guidelines as of early 2025, due to administrative, financial, and environmental challenge.
To address these delays, the Ministry of Coal has introduced revised closure guidelines and a centralized digital portal to streamline the process and ensure environmental and community welfare.

Conclusion
Coal India’s reactivation of 32 inactive mines reflects a practical adjustment in India’s energy approach, focusing on urgent power demands while the nation works toward strengthening its renewable energy framework. While the long-term goal remains a clean energy transition, coal will continue to play a crucial role in powering India’s growth for the next decade. The challenge ahead is to balance energy security with environmental responsibility as India navigates its complex energy future.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Sanlayan Technologies Secures ₹186 Crore in Series A to Power Defence Electronics Growth

Grainspan Boosts Ethanol Output with ₹520 Crore Investment in Gujarat Plants

Ethanol Blending in India Faces Challenges from Distillers and Automakers

Ethanol Blending in India Faces Challenges from Distillers and Automakers

India has set an ambitious target to increase ethanol blending in petrol from the current 19% to as high as 27% by 2025, with long-term goals extending even further. This move aligns with the government’s broader agenda to reduce the country’s reliance on imported fossil fuels, curb pollution, and promote renewable energy sources. However, despite the clear environmental and strategic benefits, the plan to boost ethanol blending is encountering significant challenges, primarily from distillers and automakers, along with concerns from farmers and consumers.

Background and Government Goals

The Indian government has been actively promoting ethanol blending as a way to enhance energy security and reduce carbon emissions. Ethanol, produced primarily from sugarcane molasses and other biomass, can be mixed with petrol to lower greenhouse gas emissions and decrease crude oil imports. The government’s goal to reach 20% ethanol blending by 2025 is part of the Ethanol Blended Petrol (EBP) programme, which encourages oil companies to procure ethanol from domestic distilleries.

Currently, ethanol blending stands at approximately 19%, a significant increase from just a few years ago. The government’s plan involves scaling this up further, potentially even reaching 27% or beyond. This increase is expected to be achieved by ramping up ethanol production from molasses and introducing new feedstocks such as corn and damaged grains. However, this escalation faces resistance and practical hurdles.

Challenges from Distillers

Distilleries, which are the primary producers of ethanol, have expressed reservations about the aggressive blending targets. A large number of distillers depend primarily on molasses, a by-product generated during sugar production, as their main feedstock. The availability and price of molasses are closely linked to sugar production cycles, which can be volatile due to weather and market conditions.

One of the major concerns for distillers is the lack of firm procurement commitments from oil marketing companies. While the government promotes ethanol procurement, distillers have faced uncertainties around pricing, payment delays, and purchase volumes. Without guaranteed off-take agreements and timely payments, distillers find it risky to invest in expanding ethanol production capacity.

Additionally, the government’s push to include corn-based ethanol as a feedstock adds complexity. Corn ethanol production is less established in India, and some distillers are wary of relying on imports or unfamiliar raw materials, fearing supply chain disruptions and cost implications.

Automakers’ Concerns

Automobile manufacturers have also raised concerns about the impact of higher ethanol blends on vehicle performance. Ethanol has a lower energy content compared to petrol, which could lead to reduced fuel efficiency and increased consumption. More importantly, automakers worry about engine durability and warranty issues with higher ethanol concentrations.

The majority of vehicles in India today are engineered to operate on petrol containing ethanol blends of up to 10%. Moving beyond this level requires adjustments in engine design and fuel system components to handle the different chemical properties of ethanol, such as its corrosiveness and higher volatility. Automakers caution that without proper standards and regulations, widespread use of high-ethanol blends could lead to engine problems and customer dissatisfaction.

Furthermore, automakers emphasize the need for clear labeling and consumer awareness to avoid misuse of fuel blends that may not be compatible with all vehicles.

Impact on Consumers and Farmers

From a consumer perspective, ethanol-blended fuels generally have lower energy density, meaning drivers might experience slightly lower mileage compared to conventional petrol. This could translate into higher fuel expenses, which may affect the popularity of ethanol-blended petrol unless offset by subsidies or lower ethanol prices.

Farmers play a critical role as ethanol feedstock suppliers, particularly sugarcane growers. While ethanol blending offers them an additional revenue stream through molasses sales, fluctuations in sugar prices and production impact their earnings and willingness to supply feedstock consistently. The introduction of alternative feedstocks like corn may shift demand patterns and affect farmers differently, creating socio-economic implications.

Import Dependency and Energy Security

Another challenge comes from India’s potential reliance on imported ethanol, particularly corn-based ethanol from the United States. As domestic production of corn ethanol is limited, importing becomes necessary to meet ambitious blending targets. This raises concerns about energy security, as dependence on foreign supplies could expose India to global market volatility and geopolitical risks.

The government aims to balance import dependency by encouraging domestic production diversification and incentivizing local feedstock cultivation. However, scaling up domestic corn ethanol production requires investments, infrastructure development, and policy support, which take time to materialize.

Way Forward

The government’s ethanol blending programme has commendable environmental and strategic objectives, but its success hinges on addressing the concerns of all stakeholders. To make higher ethanol blending viable, the following steps are crucial:

Strengthening Procurement Mechanisms: Ensuring clear, transparent, and timely ethanol purchase agreements between distillers and oil companies can encourage investment in ethanol capacity expansion.

Technological Adaptation: Supporting automakers in developing vehicles compatible with higher ethanol blends through research, standards, and incentives will ease the transition.

Consumer Awareness: Educating consumers about ethanol blends, fuel compatibility, and benefits can increase acceptance and smooth market adoption.

Supporting Farmers: Providing stable pricing and diversified feedstock options for farmers will help secure a steady supply of raw materials for ethanol production.

Reducing Import Reliance: Promoting domestic ethanol production from varied feedstocks and developing supply chains will enhance energy independence.

Conclusion

India’s goal to raise ethanol blending levels highlights its proactive dedication to sustainable energy and environmental care. However, balancing the interests and concerns of distillers, automakers, farmers, and consumers is essential for these ambitions to translate into reality. Collaborative efforts between the government, industry, and stakeholders will be key to overcoming headwinds and advancing towards a greener, more energy-secure future.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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RBI Rate Cut Spurs Banks to Slash Lending Rates, Boosting Borrowers

India’s Power Capacity Expands Significantly: From 305 GW to 476 GW Over Ten Years

Indraprastha Gas Increases Capex 67% for Energy Diversification

Indraprastha Gas Increases Capex 67% for Energy Diversification

IGL embarks on a strategic transformation journey by significantly raising capital expenditure to invest in clean energy ventures beyond its core city gas distribution business.

Summary:
In a bold move to future-proof its operations and reduce dependence on the city gas distribution (CGD) segment, Indraprastha Gas Limited (IGL) has announced a 67% increase in its capital expenditure (capex) for the current financial year. The enhanced investment will fund the company’s ambitious diversification into solar energy, liquefied natural gas (LNG), and compressed biogas (CBG)—sectors poised to play a critical role in India’s clean energy transition. This strategic shift comes amidst evolving regulatory frameworks, intensifying competition, and global decarbonization trends.

Indraprastha Gas Bets Big on Clean Energy: Capex Raised by 67% to Power Diversification
New Delhi, June 2025 – Indraprastha Gas Limited (IGL), a prominent player in India’s city gas distribution (CGD) sector, is embarking on a significant strategic transformation. The company has announced a substantial 67% increase in capital expenditure for FY2025-26, earmarked primarily for investments in solar power, liquefied natural gas (LNG), and compressed biogas (CBG) businesses.
This jump in spending reflects IGL’s growing urgency to diversify beyond its traditional gas pipeline and distribution business, which has been facing increasing regulatory scrutiny, fluctuating gas prices, and the broader global shift toward decarbonized, multi-source energy systems.

Capex Allocation and Strategic Goals
According to the company’s statement, IGL plans to invest over ₹2,200 crore this fiscal year, up from around ₹1,300 crore spent last year. The additional funds will be directed toward:
Establishing solar energy projects, both in captive and commercial segments
Establishing LNG refuelling facilities for long-distance transportation and logistics.
Setting up CBG plants and expanding CBG procurement, aligned with India’s SATAT (Sustainable Alternative Towards Affordable Transportation) scheme
Upgrading and expanding core CGD infrastructure, including network expansion into newer geographies
IGL’s MD, Sanjay Kumar, remarked,
“Diversifying into renewable and cleaner fuels is not only aligned with India’s net-zero goals but also helps us mitigate long-term risks in our core CGD segment. This capex hike marks a critical step toward building a resilient, future-ready energy portfolio.”

Why the Shift?
The move comes at a time when the CGD sector, once considered a secure growth engine, is facing mounting regulatory, competitive, and environmental headwinds. Key challenges include:
Government-mandated gas allocation revisions
Volatility in spot LNG prices, impacting input costs
Increased competition from electric vehicles (EVs) and alternative mobility solutions
Carbon neutrality pressures from global investors and ESG mandates
IGL, which supplies piped natural gas (PNG) and compressed natural gas (CNG) in Delhi-NCR and nearby regions, believes that relying solely on natural gas is no longer a sustainable strategy. The diversification into solar and biogas aligns well with the Government of India’s Energy Transition Plan and the commitment to reach net-zero emissions by 2070.

Solar Energy: Tapping into India’s Renewable Boom
IGL is actively exploring the development of solar power plants for captive usage and for commercial sale under third-party arrangements. With solar tariffs falling below grid parity in many states, investing in solar energy presents a strong long-term cost arbitrage and green credit advantage.
The company plans to collaborate with both private developers and public sector units to deploy solar infrastructure across rooftops, industrial parks, and utility-scale projects.
This move also supports greening its own operations, such as running CNG stations on solar energy and reducing scope 2 emissions.

LNG: Future of Long-Haul Mobility
LNG is emerging as a promising alternative fuel for interstate logistics and commercial fleets, where CNG’s limited range and EVs’ high battery costs fall short. IGL plans to establish LNG dispensing stations along key highways and industrial corridors in North India.
This aligns with the central government’s vision of creating an LNG fueling ecosystem across 1,000 highways to reduce diesel dependence and import bills. IGL’s early investments in this segment could position it as a pioneer in green freight mobility.

Biogas Push: Capturing the Circular Economy Opportunity
IGL’s move into compressed biogas (CBG) comes as the government promotes CBG as a clean, domestically sourced substitute for fossil fuels. IGL is already in the process of procuring CBG from third-party developers and blending it into the existing gas supply chain.
The firm plans to develop its own CBG production units using municipal and agricultural waste. This not only enhances energy security but also contributes to rural income, waste management, and carbon footprint reduction—three key pillars of India’s sustainable development goals.

Investor Reaction and Outlook
While investors were initially cautious about the shift in focus, the market has responded positively, recognizing the long-term value of building a multi-fuel energy model. Analysts believe that if executed well, the diversification could de-risk revenue streams, improve ESG ratings, and boost valuation multiples in the years to come.
Brokerage houses have also pointed out that companies with diversified clean energy portfolios are better equipped to attract green finance, including ESG-linked bonds and sovereign green investments.

Challenges Ahead
Despite its strong intent, IGL will have to navigate several challenges, such as:
High upfront costs in setting up solar and CBG facilities
Technology adaptation risks in biogas and LNG logistics
Policy clarity and subsidy dependence in emerging energy segments
Competition from established renewable energy players
To mitigate these, the company is expected to pursue joint ventures, public-private partnerships, and government collaborations to share risks and scale efficiently.

Conclusion: A Bold Step into a Cleaner, Safer Future
With this 67% hike in capital spending, Indraprastha Gas is sending a clear message: the future of energy is diversified, decentralized, and decarbonized. By expanding into solar, LNG, and CBG, IGL is not just adapting to a new energy landscape but is also shaping it.
As India accelerates its clean energy journey, IGL’s forward-looking strategy positions it to emerge as a key player in the integrated green energy ecosystem, balancing growth with sustainability.

 

 

 

 

 

 

 

 

 

 

 

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RBI Repo Rate Cut: Smart Moves for Fixed Deposit Investors

Torrent Power Secures 300 MW Wind

JSW Energy Boosts Green Power: 531 MW Expansion!

JSW Energy Boosts Green Power: 531 MW Expansion!

JSW Energy has ramped up its renewable energy capacity to 12,499 MW, marking a significant advancement in the energy transition. It has teamed up with Adani Green for a 250 MW wind energy agreement, demonstrating a strong dedication to India’s clean energy objectives.

Summary:
JSW Energy has successfully commissioned 281 MW of renewable energy projects, increasing its total installed capacity to 12,499 MW. In a strategic move to further boost its green portfolio, the company signed a significant 250 MW wind energy agreement with Adani Green Energy. These developments reflect JSW Energy’s aggressive push towards decarbonization, reinforcing its vision of achieving net-zero status and becoming a leader in India’s renewable energy transformation.

JSW Energy’s Renewables Strategy Gains Traction
JSW Energy, a prominent player in India’s power sector, has made significant strides in solidifying its status as a leader in green energy. The company has recently introduced 281 MW of renewable energy capacity, raising its total installed power capacity to 12,499 MW, with a significant portion now derived from solar and wind initiatives. Additionally, as part of its ongoing commitment to reducing carbon emissions, JSW Energy has signed a 250 MW wind energy agreement with Adani Green Energy Ltd, further enhancing its renewable energy portfolio.
These strategic moves reflect JSW Energy’s commitment to transitioning from traditional to sustainable power generation and align with India’s national renewable energy goals, which aim for an impressive 500 GW of non-fossil fuel-based capacity by 2030.

Breakdown of Commissioned Capacity: Solar and Wind Gain Share
Much of the newly commissioned 281 MW originates from solar projects in Rajasthan and Karnataka. The remaining capacity comes from wind farms established in Maharashtra and Tamil Nadu. With these additions, JSW’s renewable energy portfolio has reached approximately 3,400 MW, accounting for about 27% of its total capacity— a significant shift from its previously thermal-dominated approach. The company aims to raise this percentage to 50% by 2030, positioning itself as one of the leading private sector players in India’s transition to green energy.

Partnership With Adani Green: A Win-Win Collaboration
In a significant shift towards collaboration within the industry, JSW Energy has formed a strategic agreement with Adani Green Energy to procure 250 MW of wind capacity. This partnership is viewed as advantageous for both parties:
Adani Green, one of India’s leading players in the renewable sector, secures a long-term offtake agreement for its upcoming projects. Meanwhile, JSW Energy gains access to clean energy at stable tariffs to support its increasing commercial and industrial needs, especially for its steel and cement production operations.
This agreement also highlights a rising trend within the Indian energy landscape: collaborations among power producers that allow for scaling up green energy initiatives while avoiding infrastructure redundancy.

Financial Outlook: Renewable Portfolio Driving Long-Term Value
JSW Energy’s ongoing transition to renewable energy has garnered positive responses from both markets and analysts. With numerous projects in development and decreasing levelized costs for solar and wind energy, the company’s earnings outlook is significantly improving.
Based on the company’s financial report for Q4 FY25:
– Revenue increased by 16% year-on-year, driven by higher Plant Load Factor (PLF) in renewable assets.
– EBITDA margins rose to 35%, aided by operational efficiencies and the monetization of carbon credits.
– Net profit reached ₹752 crore, reflecting a 19% YoY growth.
Management highlighted that most of its future capital expenditure plan, estimated at ₹75,000 crore over the next 6–8 years, will focus on expanding renewable capacity.

Strategic Vision: Targeting 20 GW by 2030
JSW Energy’s sustainability goals are firmly rooted in its “Mission 2030” plan, which includes:
– Achieving a total installed capacity of 20 GW by the decade’s end.
– Ensuring that over 85% of new capacity additions come from renewable sources.
– Attaining net-zero carbon emissions by 2050, setting a benchmark ahead of many other Indian companies.
Beyond solar and wind energy, the company is also investigating:
– Hydrogen and energy storage solutions
– Battery energy storage systems (BESS)
– Collaborative efforts to develop green hydrogen hubs with technology firms and state governments
This strategy positions JSW as more than just a power producer; it is evolving into a forward-thinking, integrated energy company.

Industry Impact and National Relevance
India’s energy sector is at a crucial juncture right now. With over 55% of electricity still generated from fossil fuels, major players like JSW Energy’s move towards green energy is economically and environmentally crucial. This transition aligns with:
– India’s revised Nationally Determined Contributions (NDCs) under the Paris Agreement.
– Government initiatives like the Production-Linked Incentive (PLI) schemes aimed at boosting solar manufacturing and storage.
– There is an increasing trend among corporate India to source renewable energy through open access and RE100 targets.
JSW Energy’s path could serve as a model for other conglomerates as they work towards energy transition.

Conclusion: A Sustainable Future Powered by JSW
JSW Energy’s recent commissioning in renewable energy and its collaboration with Adani Green Energy reflect strategic vision and operational prowess. As the company continues to grow its green energy portfolio, it enhances shareholder value while significantly contributing to India’s energy security and climate commitments.
With an ambitious growth strategy, a focus on innovation, and partnerships that address capacity challenges, JSW Energy is transforming from a conventional power company into a leader in clean energy. It is strategically positioned to guide India towards a sustainable, self-sufficient energy future.

 

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Liminatus Pharma Shares Hit New Peak Post Nasdaq Approval

REC Board Greenlights ₹1.55 Lakh Crore Bond Fund!

REC Board Greenlights ₹1.55 Lakh Crore Bond Fund!

REC Board Greenlights ₹1.55 Lakh Crore Bond Fund!

The Rural Electrification Corporation (REC) intends to secure ₹1.55 lakh crore through the private placement of bonds in the upcoming year, subject to shareholder approval. This initiative addresses India’s expanding power and infrastructure demands while adjusting the corporate structure following the dissolution of Rajgarh II Power Transmission Limited.

Summary:
In a notable step to enhance financing for India’s infrastructure and power sectors, REC Limited has received approval from its board to raise to ₹1,55,000 crore through the private placement of bonds. This capital will be raised in multiple tranches over the next year, pending shareholder approval at the upcoming Annual General Meeting (AGM). Furthermore, the board has also approved the dissolution of Rajgarh II Power Transmission Limited as part of an operational restructuring. These developments emphasize REC’s ongoing dedication to being a vital funding source for India’s clean energy transition and infrastructure growth.

REC’s Mega Fundraising Initiative: A Strategic Financing Push
In a landmark financial decision, REC Limited—a leading public sector enterprise under the Ministry of Power—has received approval from its Board of Directors to raise to ₹1.55 lakh crore through the private placement of bonds/debentures. The fundraising will be executed in one or more tranches over one financial year, enabling REC to maintain a healthy liquidity pipeline to support India’s ever-growing demand for infrastructure financing.
This decision aligns with the company’s broader mission to finance projects in power generation, transmission, distribution, renewable energy, and infrastructure development, particularly in the rural and semi-urban landscape of India. The proposed fundraising is subject to the approval of shareholders, which is expected to be sought at the next Annual General Meeting (AGM).

Why This Fundraising Matters
The decision to raise funds comes at a time when India is witnessing a massive surge in infrastructure development, with a focus on clean energy, smart grids, urban electrification, and green mobility projects. REC, as one of the principal infrastructure finance companies (IFCs) in India, plays a pivotal role in channelling credit to these high-impact projects.
With India targeting 500 GW of non-fossil fuel capacity by 2030, REC’s role as a financial backbone becomes more critical than ever. The scale of ₹1.55 lakh crore—the largest such bond placement plan in REC’s history—reflects the magnitude of upcoming funding requirements.

Modalities of the Bond Issuance
The funds will be raised via:
Non-Convertible Debentures (NCDs)
Privately placed secured/unsecured bonds
Tax-free or taxable instruments
These will be offered to institutional investors, banks, pension funds, insurance firms, mutual funds, and sovereign wealth funds, both domestic and foreign. The bonds may carry various interest rate structures (fixed or floating) and tenures, depending on market conditions and investor appetite.
REC is already a frequent issuer in the Indian bond market and enjoys high credit ratings (AAA/Stable) from domestic rating agencies like ICRA, CRISIL, and CARE Ratings. The strong rating enhances investor confidence and ensures competitive pricing.

Utilization of Funds: Catalyzing Development
The capital raised will be deployed for:
Financing infrastructure projects, particularly in the power sector
Lending to state discoms (distribution companies) under various central government schemes
Promoting renewable energy and smart grid infrastructure
Strengthening the green financing portfolio
Refinancing of high-cost debt to optimize the cost of capital
REC’s strategic financial roadmap is focused on being a green financier under India’s climate commitments. The fundraising will also support new-age infrastructure projects, including electric vehicle charging networks, battery storage units, green hydrogen plants, and sustainable rural electrification.

Board Clears Dissolution of Rajgarh II Power Transmission Limited
In another important development, REC’s board has also approved the dissolution of Rajgarh II Power Transmission Limited, a wholly owned subsidiary. The dissolution is a result of operational changes in project alignment and resource optimization.
Rajgarh II was created as a special purpose vehicle (SPV) for transmission infrastructure but is now being dissolved due to shifts in planning and execution frameworks. The move is part of a broader corporate restructuring strategy to streamline REC’s operational efficiency and eliminate dormant or non-performing entities from its balance sheet.

Industry Context: Financing the Next Phase of Growth
India’s infrastructure financing needs are projected to exceed ₹111 lakh crore by 2040, as per estimates from NITI Aayog. Within this, the power sector alone will require over ₹30 lakh crore, making dedicated financial institutions like REC crucial for long-term development goals.
The government’s increased capital expenditure in Union Budgets, coupled with PLI schemes for solar modules and green hydrogen, calls for robust private-public capital alignment. Institutions like REC and PFC (Power Finance Corporation) will remain at the forefront of this movement.

Investor Sentiment and Market Reaction
While the bond issuance is not expected to immediately affect share price, the move has been seen as a positive signal by institutional investors. It reflects strong governance, clarity in funding strategy, and long-term commitment to sectoral growth. Analysts have noted that REC’s stable earnings, diversified loan portfolio, and sovereign backing make it a preferred choice for debt investors looking for low-risk, long-duration instruments.
Moreover, as the Reserve Bank of India maintains a tight monetary stance, entities like REC are increasingly tapping into private placements and green bond channels to reduce reliance on high-cost borrowings.

Conclusion: Building India’s Infrastructure Future
The REC board’s green light to raise ₹1.55 lakh crore via bonds is a decisive step in preparing India’s financial ecosystem to support next-generation infrastructure. As the country accelerates its transition toward sustainable development and net-zero targets, capital deployment by institutions like REC will play a transformative role.
Coupled with prudent restructuring moves like the dissolution of Rajgarh II Power Transmission Limited, REC is not only scaling financial resources but also enhancing operational agility. With the right execution and timely approvals, the bond issuance will not just fund infrastructure—it will help shape the next decade of India’s growth story.

 

 

 

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Dixon Tech Pursues ₹400 Cr JV with HKC