Author: abhishek2019cs034abesit@gmail.com

Exide Industries’ material subsidiary, Exide Energy Solutions Limited (EESL), has commissioned Phase-I of its lithium-ion cell manufacturing facility at Devanahalli, Bengaluru, Karnataka.

The first phase of the facility has a manufacturing capacity of 6 GWh and was commissioned on September 23, 2026. The development marks a significant step in EESL’s expansion into advanced lithium-ion cell manufacturing.

The facility has been designed to manufacture advanced lithium-ion cells across multiple chemistries and form factors. These capabilities will enable EESL to cater to applications across electric mobility and energy storage.

Exide Energy Solutions plans to use the domestically manufactured cells to support the growing requirements of electric vehicle and stationary energy storage applications. The company has previously indicated that the overall lithium-ion cell manufacturing project is planned to scale to 12 GWh across two phases.

The initial production is expected to include lithium iron phosphate (LFP) cells for battery-pack applications, while the company is also developing capabilities for nickel manganese cobalt (NMC) cells. EESL’s existing battery module and pack facility in Gujarat provides an established base for its lithium-ion business.

The commissioning strengthens Exide Industries’ capabilities beyond its traditional lead-acid battery business and supports its plans to participate in India’s expanding electric mobility and energy storage markets.

With the first 6 GWh phase now commissioned, EESL is positioned to progress from facility commissioning towards production ramp-up and customer applications across the mobility and energy storage segments.

Mufin Green Finance Limited has received final listing approval for its USD 6 million senior notes on the Global Securities Market of India International Exchange (India INX) at GIFT City, Gujarat. The securities commenced trading on the exchange on September 22, 2026.

The listed debt securities comprise USD-denominated senior non-convertible bonds carrying a coupon of 4.50% plus SOFR. The notes are scheduled to mature on September 11, 2029. The issuance was allotted on September 11, 2026, following which the company obtained final listing approval from India INX.

The bonds have been assigned a B/Stable credit rating by CareEdge and have a minimum denomination of 10 bonds. The securities are listed under the Global Securities Market segment of India INX.

India INX issued a circular dated September 21, 2026, confirming the listing of Mufin Green Finance’s USD 6 million, 4.50% senior notes due 2029. The exchange subsequently admitted the securities for trading with effect from September 22.

The listing adds to Mufin Green Finance’s debt-market activity as the company continues to operate as a financing platform focused on areas including electric vehicles and clean energy. The company had also reported an assets under management of ₹1,541.17 crore for FY2026, with its financing portfolio covering electric vehicles and solar products, among other segments.

The transaction also highlights the role of GIFT City and India INX as a platform for international-currency debt securities. India INX’s current listing data includes Mufin Green Finance among issuers on its Global Securities Market.

Mufin Green Finance Limited has received final listing approval for its USD 6 million senior notes on the Global Securities Market of India International Exchange (India INX) at GIFT City, Gujarat. The securities commenced trading on the exchange on September 22, 2026.

The listed debt securities comprise USD-denominated senior non-convertible bonds carrying a coupon of 4.50% plus SOFR. The notes are scheduled to mature on September 11, 2029. The issuance was allotted on September 11, 2026, following which the company obtained final listing approval from India INX.

The bonds have been assigned a B/Stable credit rating by CareEdge and have a minimum denomination of 10 bonds. The securities are listed under the Global Securities Market segment of India INX.

India INX issued a circular dated September 21, 2026, confirming the listing of Mufin Green Finance’s USD 6 million, 4.50% senior notes due 2029. The exchange subsequently admitted the securities for trading with effect from September 22.

The listing adds to Mufin Green Finance’s debt-market activity as the company continues to operate as a financing platform focused on areas including electric vehicles and clean energy. The company had also reported an assets under management of ₹1,541.17 crore for FY2026, with its financing portfolio covering electric vehicles and solar products, among other segments.

The transaction also highlights the role of GIFT City and India INX as a platform for international-currency debt securities. India INX’s current listing data includes Mufin Green Finance among issuers on its Global Securities Market.

Mufin Green Finance Limited has received final listing approval for its USD 6 million senior notes on the Global Securities Market of India International Exchange (India INX) at GIFT City, Gujarat. The securities commenced trading on the exchange on September 22, 2026.

The listed debt securities comprise USD-denominated senior non-convertible bonds carrying a coupon of 4.50% plus SOFR. The notes are scheduled to mature on September 11, 2029. The issuance was allotted on September 11, 2026, following which the company obtained final listing approval from India INX.

The bonds have been assigned a B/Stable credit rating by CareEdge and have a minimum denomination of 10 bonds. The securities are listed under the Global Securities Market segment of India INX.

India INX issued a circular dated September 21, 2026, confirming the listing of Mufin Green Finance’s USD 6 million, 4.50% senior notes due 2029. The exchange subsequently admitted the securities for trading with effect from September 22.

The listing adds to Mufin Green Finance’s debt-market activity as the company continues to operate as a financing platform focused on areas including electric vehicles and clean energy. The company had also reported an assets under management of ₹1,541.17 crore for FY2026, with its financing portfolio covering electric vehicles and solar products, among other segments.

The transaction also highlights the role of GIFT City and India INX as a platform for international-currency debt securities. India INX’s current listing data includes Mufin Green Finance among issuers on its Global Securities Market.

CESC Limited’s renewable energy platform, Purvah Green Power Private Limited (PGPPL), has signed a power supply agreement with Prism Johnson Limited to develop a 49.5 MW captive wind power project in Madhya Pradesh. The agreement marks Purvah Green Power’s first commercial and industrial (C&I) power supply arrangement.

The project will be established by KUS Renewable Private Limited (KRPL), a wholly owned subsidiary of Purvah Green Power. The wind project will be developed at Tehsil Alot in Ratlam district, Madhya Pradesh, and is planned to supply dedicated renewable electricity to Prism Johnson’s cement manufacturing facility in Satna, Madhya Pradesh.

Under the arrangement, Prism Johnson will invest up to ₹40 crore in KUS Renewable and acquire at least a 26.5% equity stake, along with redeemable preference shares. The investment is expected to be completed by October 31, 2027, according to the disclosed transaction details.

The project will operate under the group captive model, with the renewable power supply agreement structured for a period of 25 years. The scheduled commercial operation date for the wind project is January 25, 2028.

The captive structure is intended to provide Prism Johnson with dedicated access to renewable power for its manufacturing operations while supporting its energy efficiency, resource optimisation and sustainability objectives. The company has stated that the initiative will contribute to its broader environmental, social and governance (ESG) goals.

For CESC, the agreement represents an expansion of Purvah Green Power’s renewable energy business into the C&I segment. The company is developing its renewable energy platform with a focus on utility-scale and commercial and industrial opportunities. The agreement with Prism Johnson provides a long-term renewable power offtake arrangement for the new wind project.

The project comes as industrial consumers increasingly explore captive and group-captive renewable energy models to increase renewable electricity consumption and manage their energy requirements. For energy-intensive industries such as cement manufacturing, captive renewable generation can provide a long-term source of clean electricity while supporting sustainability targets.

The 49.5 MW wind project will therefore combine renewable power generation with a dedicated industrial offtake arrangement, creating a long-term framework for supplying clean electricity to Prism Johnson’s manufacturing operations in Madhya Pradesh.

CESC Limited’s renewable energy platform, Purvah Green Power Private Limited (PGPPL), has signed a power supply agreement with Prism Johnson Limited to develop a 49.5 MW captive wind power project in Madhya Pradesh. The agreement marks Purvah Green Power’s first commercial and industrial (C&I) power supply arrangement.

The project will be established by KUS Renewable Private Limited (KRPL), a wholly owned subsidiary of Purvah Green Power. The wind project will be developed at Tehsil Alot in Ratlam district, Madhya Pradesh, and is planned to supply dedicated renewable electricity to Prism Johnson’s cement manufacturing facility in Satna, Madhya Pradesh.

Under the arrangement, Prism Johnson will invest up to ₹40 crore in KUS Renewable and acquire at least a 26.5% equity stake, along with redeemable preference shares. The investment is expected to be completed by October 31, 2027, according to the disclosed transaction details.

The project will operate under the group captive model, with the renewable power supply agreement structured for a period of 25 years. The scheduled commercial operation date for the wind project is January 25, 2028.

The captive structure is intended to provide Prism Johnson with dedicated access to renewable power for its manufacturing operations while supporting its energy efficiency, resource optimisation and sustainability objectives. The company has stated that the initiative will contribute to its broader environmental, social and governance (ESG) goals.

For CESC, the agreement represents an expansion of Purvah Green Power’s renewable energy business into the C&I segment. The company is developing its renewable energy platform with a focus on utility-scale and commercial and industrial opportunities. The agreement with Prism Johnson provides a long-term renewable power offtake arrangement for the new wind project.

The project comes as industrial consumers increasingly explore captive and group-captive renewable energy models to increase renewable electricity consumption and manage their energy requirements. For energy-intensive industries such as cement manufacturing, captive renewable generation can provide a long-term source of clean electricity while supporting sustainability targets.

The 49.5 MW wind project will therefore combine renewable power generation with a dedicated industrial offtake arrangement, creating a long-term framework for supplying clean electricity to Prism Johnson’s manufacturing operations in Madhya Pradesh.

CESC Limited’s renewable energy platform, Purvah Green Power Private Limited (PGPPL), has signed a power supply agreement with Prism Johnson Limited to develop a 49.5 MW captive wind power project in Madhya Pradesh. The agreement marks Purvah Green Power’s first commercial and industrial (C&I) power supply arrangement.

The project will be established by KUS Renewable Private Limited (KRPL), a wholly owned subsidiary of Purvah Green Power. The wind project will be developed at Tehsil Alot in Ratlam district, Madhya Pradesh, and is planned to supply dedicated renewable electricity to Prism Johnson’s cement manufacturing facility in Satna, Madhya Pradesh.

Under the arrangement, Prism Johnson will invest up to ₹40 crore in KUS Renewable and acquire at least a 26.5% equity stake, along with redeemable preference shares. The investment is expected to be completed by October 31, 2027, according to the disclosed transaction details.

The project will operate under the group captive model, with the renewable power supply agreement structured for a period of 25 years. The scheduled commercial operation date for the wind project is January 25, 2028.

The captive structure is intended to provide Prism Johnson with dedicated access to renewable power for its manufacturing operations while supporting its energy efficiency, resource optimisation and sustainability objectives. The company has stated that the initiative will contribute to its broader environmental, social and governance (ESG) goals.

For CESC, the agreement represents an expansion of Purvah Green Power’s renewable energy business into the C&I segment. The company is developing its renewable energy platform with a focus on utility-scale and commercial and industrial opportunities. The agreement with Prism Johnson provides a long-term renewable power offtake arrangement for the new wind project.

The project comes as industrial consumers increasingly explore captive and group-captive renewable energy models to increase renewable electricity consumption and manage their energy requirements. For energy-intensive industries such as cement manufacturing, captive renewable generation can provide a long-term source of clean electricity while supporting sustainability targets.

The 49.5 MW wind project will therefore combine renewable power generation with a dedicated industrial offtake arrangement, creating a long-term framework for supplying clean electricity to Prism Johnson’s manufacturing operations in Madhya Pradesh.