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Nila Spaces Jumps 10% as Wellness Housing Project Gets RERA Clearance
Equities, Market News - July 22, 2025

Nila Spaces Jumps 10% as Wellness Housing Project Gets RERA Clearance

Nila Spaces Jumps 10% as Wellness Housing Project Gets RERA Clearance

Penny stock leaps 10% as RERA gives green light to sustainable residential project in Gujarat’s GIFT City.

Regulatory Nod Sparks Market Rally

Shares of Nila Spaces skyrocketed by 10%, hitting the daily upper circuit on Thursday, following the Gujarat Real Estate Regulatory Authority’s approval of its PRANA residential project at GIFT City, Gandhinagar. This significant uptick reflects investor enthusiasm around the firm’s innovative blend of wellness, design, and urban living.

PRANA: A Holistic Urban Living Experience

Conceived and developed through its subsidiary Nila Urban Living (90% owned), PRANA has been formally registered with RERA and is cleared to proceed with sales and marketing. The registration remains valid till December 31, 2030, with renewal possibilities.

Located in the heart of India’s first smart city, the development brings together globally recognized collaborators:

•Interbrand for brand identity
• Design responsibilities were entrusted to Germany-based Blocher Partners, known for their modern architectural sensibilities
• Lifestyle experiences will be curated by Quintessentially, a premium concierge brand specializing in bespoke services

PRANA is designed to serve discerning professionals—offering studio, 1-BHK, and 2-BHK units, rooftop yoga and meditation zones, fitness centers, smart-home technology, lounges, children’s play areas, and co-working hubs.

Prior Milestone: ₹129 Crore Construction Deal

Nila Spaces has already established a strong foothold in GIFT City through significant past milestones. In June 2025, the company secured a ₹129.25 crore contract via its subsidiary to build core and shell infrastructure for a premium residential tower at the same locale. The plot was acquired at a record price (₹6,557/sq ft), marking it as Gujarat’s most expensive land deal.

The chosen contractor, Riveria Infrastructures, has been tasked with delivering the structure within 27 months. The deal boosted investor confidence—Nila Spaces shares surged 10% in that session.

Market Metrics & Stock Activity

Trading opened at around ₹12.60 on the BSE, with prices oscillating between ₹12.19 and ₹13.72 during the day. With a current share price below ₹15, Nila Spaces clearly qualifies as a penny stock.

While such micro-caps usually exhibit low trading volumes and high volatility, recent developments sparked heavy trading activity . Market watchers caution investors of the inherent risks, though some technical charts suggest additional upside could extend toward ₹15–16, with ~₹12.5 acting as a support floor.

Financial Landscape & Strategic Positioning

Nila Spaces is evolving rapidly. During FY25, the company reported a revenue of ₹136 crore, reflecting a robust growth of nearly 50% over the ₹91 crore it posted the year before. Net profit rose from ₹13 crore to ₹15 crore.

Financial indicators reflect healthy performance:

• ROE: ~11%
• ROCE: ~25%
• PE ratio: ~37x, slightly below industry average of ~43x Analysts view this growth as consistent, underscoring the company’s strong trajectory.

Wellness-Centric Smart Living: The PRANA Approach

What sets PRANA apart is its focus on sustainable, community-minded urban living. The project’s USP is its emphasis on wellness—integrating services like rooftop yoga, meditation spaces, and gym facilities. Smart-home integration and a wellness club featuring both modern and traditional health practices aim to foster balance and stress relief.

Designed for today’s busy professionals navigating stress and work-life overlap, PRANA aspires to offer a peaceful retreat that promotes harmony and rejuvenation.

Strategic Collaborations & Design Excellence

By partnering with international players like Interbrand, Blocher, and Quintessentially, Nila Spaces brings a global standard to PRANA. Interbrand shapes its visual identity, Blocher crafts functional and user-centric architecture, and Quintessentially provides a curated lifestyle experience across wellness, travel, dining, education, and culture.

Investor Hotspot: Penny Stock Gains Traction

Despite falling into the penny stock category—with shares under ₹15—Nila Spaces is carving out a reputation underpinned by solid fundamentals and high-profile approvals. Over five years, the stock has delivered multibagger returns of over 1,000%, with recent fiscal performance showing strong growth momentum.

While volatility remains, approvals like the RERA nod and landmark contracts enhance credibility and visibility.

Final Thoughts

The 10% upswing in Nila Spaces’ stock reflects growing investor confidence after receiving RERA approval for its PRANA project in GIFT City. Alongside major contracts and bullish fiscal indicators, the company is reshaping its image from a speculative penny stock into a serious player in the luxury wellness residential space. With a 27-month construction timeline and collaborations with renowned global brands, PRANA offers a compelling value proposition for urban professionals—from design and amenities to community and well-being.

That said, investors need to tread carefully, as penny stocks are often marked by sharp price swings and elevated risk levels. Key price levels—support near ₹12.5 and resistance at ₹15–16—are critical to monitor. But if execution aligns with its vision, Nila Spaces could continue to chart impressive growth and redefine sustainable luxury living in India’s burgeoning smart cities.

 

 

 

 

 

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IREDA Bonds Gain Tax Benefits to Promote Green Energy

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Dugar Finance Raises $3 Million to Boost EV, Solar Lending
Market News - June 19, 2025

Dugar Finance Raises $3 Million to Boost EV, Solar Lending

Dugar Finance Raises $3 Million to Boost EV, Solar Lending

Dugar Finance and Investments Limited, a Chennai-headquartered non-banking financial company (NBFC), has secured $3 million via Symbiotics’ Green Basket Bond program. This significant funding is set to enhance Dugar Finance’s focus on supporting electric vehicle (EV) and rooftop solar loan segments, particularly in underserved markets.

About the Green Basket Bond

The Green Basket Bond, launched by Symbiotics Investments, is a $75 million investment instrument dedicated to promoting sustainable finance. The bond is specifically designed to channel funds into climate-positive initiatives across emerging economies. Notably, this bond is backed by the British International Investment (BII), the UK’s development finance institution, which is actively investing in green financial instruments to address global climate change challenges.
Dugar Finance’s participation in this bond positions it as a key player in sustainable lending, with a sharp focus on sectors contributing to environmental improvements. The company plans to deploy the newly acquired funds towards expanding its green loan portfolio, particularly targeting electric mobility and solar energy solutions.

Targeting Underserved Markets

A significant aspect of Dugar Finance’s strategy involves concentrating its efforts on customers in India’s tier-II and tier-III cities. These areas, often overlooked by large financial institutions, hold untapped potential for sustainable growth. The company will offer tailored financial products to residential customers, micro, small, and medium-sized enterprises (MSMEs), and housing societies.
By extending affordable loans for EV purchases and rooftop solar installations, Dugar Finance aims to bridge the gap in green financing access. The company’s approach aligns with national and global efforts to foster cleaner transportation and energy solutions at the grassroots level.

Environmental and Financial Impact

The impact of Dugar Finance’s green lending strategy is already visible. To date, the company has financed approximately 1,200 customers who have either installed rooftop solar systems or purchased electric vehicles. These initiatives have collectively contributed to reducing carbon emissions by an estimated 3,000 tonnes.
Furthermore, the customers supported by Dugar Finance have reported total annual electricity savings of nearly ₹2.96 crore. Such tangible benefits underline the dual value of the company’s financial products—promoting environmental sustainability while delivering direct economic advantages to consumers.

Leadership Insights

Ramesh Dugar, the Founder and Managing Director of Dugar Finance, highlighted the importance of this strategic funding. According to him, the funding from Symbiotics is more than just financial support; it serves as a validation of the company’s vision to integrate sustainability with financial inclusion.
“This investment reflects our dedication to developing financial solutions that not only promote expansion but also actively support environmental progress. We are proud to be part of the global green finance movement that is reshaping the future of energy and transportation,” said Dugar.
His remarks reflect the company’s broader mission to empower smaller businesses and individual customers while simultaneously contributing to India’s renewable energy targets and green mobility transition.

Driving Sustainable Finance in India

Dugar Finance’s collaboration with Symbiotics, backed by BII, underscores the rising significance of green finance within India’s transforming financial sector. The company’s efforts align with the Indian government’s push to encourage electric mobility and the adoption of renewable energy sources to combat climate change.
Financial institutions like Dugar Finance are playing a pivotal role in enabling this transition by offering accessible financing options tailored to the unique needs of emerging markets. Their focus on underpenetrated regions and smaller customer segments is helping democratize the benefits of sustainable technology adoption.

Expanding the Green Footprint

Looking forward, Dugar Finance aims to steadily expand its green lending programs. The company will actively seek further partnerships and investments that support its vision of broadening financial inclusion through environmentally responsible financing.
With a defined path for growth and a solid history of delivering results, Dugar Finance stands ready to advance India’s sustainable development objectives. By offering affordable, targeted loan products for EVs and rooftop solar systems, the company is empowering consumers and small businesses to participate in the green revolution.

Conclusion

Dugar Finance’s achievement in raising $3 million via Symbiotics’ Green Basket Bond highlights the growing international emphasis on funding initiatives that promote environmental sustainability. By channeling these funds into electric vehicle and rooftop solar financing, especially in underserved regions, the company is setting a strong example of how NBFCs can lead in the sustainable finance sector.
This initiative not only strengthens Dugar Finance’s market position but also accelerates the transition towards cleaner energy and transportation in India. As green finance continues to gain momentum, Dugar Finance’s proactive approach serves as a blueprint for inclusive and sustainable economic growth.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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₹40 Stock Gains Spotlight After ₹30 Crore CP Repayment

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Tata Power Supercharges India’s Green Goals with Bold Investment Drive
Market News - June 18, 2025

Winsol Engineers Bags Significant Wind Energy Contract, Strengthens Green Energy Portfolio

Winsol Engineers Bags Significant Wind Energy Contract, Strengthens Green Energy Portfolio

 

Winsol Engineers Ltd, an emerging player in the renewable infrastructure space, has recently secured a substantial contract for a wind energy project in Gujarat. Awarded by Juniper Green Energy Ltd, this new deal enhances Winsol’s project portfolio and reinforces its growing presence in India’s fast-evolving green energy market.

Details of the New Wind Power Assignment

The company has received a project order for the development of a 300 MW wind power installation at Jam Khambaliya in Gujarat. The contract, worth approximately ₹5.56 crore, includes a comprehensive scope of work such as the design, procurement, engineering, supply, installation, and commissioning of 33 kV overhead transmission lines. These transmission lines are crucial for channeling the electricity generated by the wind turbines to the grid.
Winsol Engineers is expected to complete the project within a tight timeline of six months from the date of the order. Successfully delivering this project on schedule would further demonstrate the company’s ability to execute complex renewable energy assignments efficiently.
The new order also represents a strengthening of the company’s relationship with Juniper Green Energy, a prominent name in India’s green energy sector.

Financial Growth and Market Standing

In the second half of fiscal year 2024-25, Winsol Engineers recorded a revenue of ₹69 crore, showing a strong year-on-year growth of 64% compared to ₹42 crore in the same period the previous year. Despite this sharp revenue increase, the company’s net profit remained steady at ₹5 crore, indicating controlled operational expenses and healthy margins.
From a valuation standpoint, Winsol’s shares currently trade at a price-to-earnings (P/E) ratio of 19.9, making them comparatively more affordable than the sector average of 34.3. This potentially offers an attractive investment opportunity for those looking to enter the renewable energy infrastructure segment.
The company’s financial structure also appears sound, with a debt-to-equity ratio of just 0.34, reflecting cautious debt management. Over the past three years, Winsol Engineers has consistently delivered impressive returns, posting a Return on Equity (ROE) of 42.6% and a Return on Capital Employed (ROCE) of 30.3%. These figures showcase Winsol’s operational strength and its ability to efficiently generate profits from its investments.

Focused Expansion in the Renewable EPC Space

Founded in 2015, Winsol Engineers has steadily built its reputation as a reliable provider of Engineering, Procurement, Construction, and Commissioning (EPCC) services, particularly within the renewable energy sector. The company’s portfolio spans substation construction, transmission line development, grid integration solutions, and critical foundation works for both wind and solar energy projects.
Winsol’s strategy of focusing on mid-sized projects with faster delivery timelines has helped the company rapidly convert orders into revenue while building strong partnerships within the renewable energy community.
The recent project from Juniper Green Energy further highlights Winsol’s rising profile as a trusted partner for delivering key green energy infrastructure on time and with quality assurance.

Sector Outlook and Growth Potential

India’s renewable energy sector is experiencing a major growth phase, supported by favorable government policies, corporate sustainability initiatives, and strong investment flows into clean power projects. The nation is aiming to reach a non-fossil fuel capacity of 500 GW by 2030, and companies like Winsol Engineers are poised to benefit from this large-scale shift.
Timely and successful execution of the current wind project could position Winsol for more future opportunities with Juniper Green Energy and other significant players in the sector. Winsol’s consistent ability to complete complex projects within challenging deadlines can serve as a key differentiator in securing additional contracts in the competitive renewable EPC market.
Industry analysts and investors will likely track Winsol’s progress on upcoming projects, revenue growth, and profitability as the company works to expand its renewable energy footprint. With a solid project pipeline, disciplined financial approach, and strong demand from the green energy space, Winsol Engineers appears ready for sustained growth.

Conclusion

Winsol Engineers’ recent success in securing a major wind power contract marks a notable step in its journey to becoming a significant contributor to India’s renewable energy mission. The company’s continuous expansion, strong operational efficiency, and sound financial management are positioning it well for long-term success. As India aggressively pushes towards a cleaner energy future, Winsol Engineers is set to play a pivotal role in building the nation’s green energy infrastructure.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Rulka Electricals Secures ₹16.34 Crore in New Orders, Stock Hits Upper Circuit

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Diversification Strategy: IOC’s Foray into Petrochemicals and Renewable Energy
Market News - June 14, 2025

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

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Battery Storage Win Powers Acme Solar’s Stock Surge
Market News - June 13, 2025

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

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Coal India Reopens 32 Mines as Clean Energy Progress Falters
Market News - June 10, 2025

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

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REC Board Greenlights ₹1.55 Lakh Crore Bond Fund!
Market News - June 5, 2025

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

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Massive Order Lifts Solar Stock to Upper Circuit Limit
Market News - May 27, 2025

Big Solar Win: Jupiter Invests ₹2,700 Cr in Andhra Pradesh!

Big Solar Win: Jupiter Invests ₹2,700 Cr in Andhra Pradesh!

 

Jupiter Renewables is building a cutting-edge solar cell and module manufacturing plant in Rambilli, Anakapalli district. The project will create 2,200+ jobs and reinforce India’s renewable energy goals.

Summary:

Andhra Pradesh is rapidly emerging as a solar manufacturing leader in India, bolstered by Jupiter Renewables’ ₹2,700 crore investment in a cutting-edge solar cell and module plant in Rambilli, Anakapalli. The move boosts the state’s renewable infrastructure and aligns with national clean energy ambitions while promising employment to over 2,200 people.

Andhra Pradesh Leads India’s Renewable Energy Push

India’s push toward clean energy has substantially boosted as Andhra Pradesh emerges as a key player in solar component manufacturing. Jupiter Renewables, an emerging player in India’s green energy sector, has announced a massive ₹2,700 crore investment to build a state-of-the-art solar cell and module production facility in Rambilli, Anakapalli district, Andhra Pradesh.
This announcement underlines the growing interest of industry leaders in leveraging the state’s infrastructural advantages and progressive policies that promote green energy manufacturing. It also reflects the state’s ambition to become a national leader in the clean energy economy.

Details of the Project: Location, Capacity, and Investment

The proposed facility will be strategically located in the Rambilli region of Anakapalli. It will swiftly become an industrial hotspot due to its proximity to the Vizag-Chennai Industrial Corridor and easy access to port infrastructure. According to company sources, the plant will initially focus on producing solar cells and modules with a significant manufacturing capacity. It is being planned with future scalability in mind, allowing for further capacity expansion and technological upgrades as the demand for solar products accelerates.
The ₹2,700 crore investment will cover infrastructure, equipment procurement, workforce training, and operational setups. In line with India’s Production Linked Incentive (PLI) scheme for solar manufacturing, the plant will feature state-of-the-art machinery to produce high-efficiency monocrystalline and polycrystalline solar cells and modules.

Employment Boost: Over 2,200 Jobs Expected

One of the project’s most immediate and tangible benefits will be its impact on employment. Jupiter Renewables has indicated that over 2,200 direct jobs will be created through this facility, spanning roles from manufacturing technicians and engineers to quality control, logistics, and administration. Moreover, indirect employment in vendors, service providers, and local support businesses is expected to rise, creating a ripple effect across the district and neighboring areas.
The company also intends to collaborate with local technical institutions and ITIs to ensure skill development among the local workforce, aligning with national skilling missions and the Atmanirbhar Bharat initiative.

Why Andhra Pradesh?

Andhra Pradesh has recently positioned itself as a preferred destination for renewable energy investments. The state offers investor-friendly policies, consistent power supply, abundant land parcels for industrial use, and access to deep-draft ports like Visakhapatnam, Krishnapatnam, and Gangavaram — a critical asset for exporting solar modules and importing raw materials.
Moreover, the state government has laid a clear roadmap for attracting investments in the green energy sector. Its Industrial Development Policy (2020–23) and the Renewable Energy Export Policy (2020) have provisions for fast-track clearances, capital subsidies, and other incentives that make it easier for manufacturers to set up large-scale operations.

Aligning with National Renewable Energy Goals

India has set ambitious targets to achieve 500 GW of non-fossil fuel capacity by 2030, of which solar power is expected to play a pivotal role. Establishing a mega facility like this strengthens India’s domestic manufacturing capabilities—reducing dependence on imports, especially from China—and aligns with the ‘Make in India’ and ‘Energy Security’ agendas.
Additionally, by promoting localized manufacturing of solar cells and modules, India can reduce the bottlenecks in supply chains, accelerate solar project deployment timelines, and bring down the cost of solar energy production.

Stakeholder Reactions and Future Outlook

A Jupiter Renewables spokesperson expressed excitement about partnering with the Andhra Pradesh government on this endeavor. This project is a milestone for our company and a crucial step in enabling India’s green transition. We believe this plant will set new benchmarks for quality, efficiency, and sustainability in solar manufacturing.”
The state government, too, has welcomed the investment and assured full support in facilitating speedy approvals, land allocation, and utility provision.
Given the global momentum toward clean energy and the Indian government’s active support through the PLI scheme and FAME policies, Jupiter Renewables’ initiative will likely inspire more companies to follow suit.

Conclusion

Jupiter Renewables’ ₹2,700 crore solar manufacturing plant is more than just a corporate investment; it is a critical step in building India’s energy future. With over 2,200 jobs on the horizon, cutting-edge technology on the floor, and policy alignment at both state and national levels, the project signifies Andhra Pradesh’s rise as a solar manufacturing hub. As more companies recognize the region’s potential, Andhra Pradesh is poised to become India’s Silicon Valley for solar energy.

 

 

 

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PTC India Q4 Profit Jumps 4x to ₹372 Cr on Strategic Divestment

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Adani Power to Build 2,400-MW Thermal Plant in Bihar
Business, Markets - May 10, 2025

Adani Wind Sets Ambitious 2.5 GW Target, Eyes Global Expansion

Adani Wind Sets Ambitious 2.5 GW Target, Eyes Global Expansion

 

Adani Wind aims for 2.5 GW capacity this fiscal, with plans to export turbines and establish a research center in Germany to tap European markets.

Adani Wind Charts Aggressive Growth Path

The wind energy division of Adani New Industries Ltd (ANIL), known as Adani Wind, has articulated a bold plan to elevate its manufacturing capability to 2.5 GW during the present fiscal period. Out of this targeted capacity, 1.5 GW is earmarked for internal deployment by Adani Green Energy Ltd, a group company focused on clean energy projects. The remaining 1 GW will cater to the requirements of other domestic renewable energy developers, marking Adani Wind’s foray into broader industry collaboration. This initiative reflects the company’s focused strategy to strengthen India’s wind power ecosystem and meet the rising demand for green energy solutions across the country. Furthermore, the move signifies Adani Wind’s intent to establish itself not only as a domestic powerhouse but also as a formidable player on the global wind energy stage. By increasing its production output and supporting both in-house and third-party projects, Adani Wind is positioning itself to contribute meaningfully to India’s clean energy transition while simultaneously eyeing long-term international opportunities.

Strengthening Domestic Manufacturing Capabilities

In the preceding annual cycle, Adani Wind achieved a considerable expansion of its energy creation potential, moving from a projected 1.5 GW to an impressive 2.25 GW in output. This expansion is a strategic response to the growing momentum in India’s renewable energy sector and directly supports the nation’s ambitious clean energy objectives. The growth in Adani Wind’s production aligns with India’s significant increase in wind energy adoption; approximately 3.4 GW of new wind power was added in 2024, marking a 21% rise over the previous year.

This upward trend highlights the country’s commitment to reducing carbon emissions and transitioning to sustainable power sources. With its expanded manufacturing strength, Adani Wind is well-positioned to play a pivotal role in this transition. The corporation’s expansion perfectly harmonizes with India’s nationwide objective of achieving a 100 GW wind energy potential by the decade’s conclusion. By increasing its contribution to the sector, Adani Wind not only strengthens its own market presence but also becomes an essential partner in India’s journey toward a cleaner, greener energy future.

Venturing into International Markets

Acknowledging the vast opportunities in the international renewable energy landscape, Adani Wind has taken a decisive step toward global expansion by setting up a specialized research and development center in Rostock, Germany. This strategic move is designed to strengthen the company’s presence in the European wind energy market, which is rapidly evolving and showing strong demand for advanced wind power technologies. As part of this initiative, Adani Wind successfully acquired Windnovation, a German company that had been facing financial challenges. Rather than dismantling the entity, Adani absorbed its skilled workforce and integrated them into its innovation ecosystem to drive forward its R&D capabilities.

The establishment of this center not only enhances Adani Wind’s technological edge but also positions it to contribute meaningfully to Europe’s growing focus on clean energy transformation. A particular area of emphasis is the repowering of older wind farms—upgrading or replacing aging turbines with newer, more efficient models. With many European countries looking to modernize their wind infrastructure to meet ambitious climate targets, Adani Wind’s efforts in Rostock are expected to provide cutting-edge solutions tailored to this evolving need. This venture also reinforces the company’s vision of becoming a globally competitive wind energy solutions provider while fostering innovation through international collaboration.

Financial Performance and Investments

During the final quarter of the fiscal year, Adani Enterprises recorded earnings before interest, taxes, depreciation, and amortization (EBITDA) of ₹2.74 billion from its wind turbine division, demonstrating the financial viability of its sustainable energy endeavors. Over the past five years, the company has invested up to ₹2,000 crore to establish a 5 GW capacity, reinforcing its commitment to sustainable energy solutions.

Aligning with National Renewable Energy Goals

The Indian green energy domain experienced substantial expansion in the year 2024, incorporating 24.5 GW of solar power and 3.4 GW of wind power generation. Adani Wind’s growth trajectory harmonizes with the country’s aim to achieve 500 GW of renewable energy capability by the year 2030. The company’s efforts contribute to reducing reliance on fossil fuels and promoting a sustainable energy future.

Conclusion: Pioneering Sustainable Energy Solutions

Adani Wind’s ambitious plans to scale up production capacity and penetrate international markets underscore its role as a frontrunner in the renewable energy sector. By enhancing domestic manufacturing capabilities and investing in global research initiatives, the company is well-positioned to contribute to India’s clean energy goals and establish a significant presence in the global wind energy market.

 

 

 

 

 

 

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R Systems International’s 600% Interim Dividend: A Big Win for Shareholders

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