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DCM Shriram Limited has entered into a definitive agreement with Serentica Renewables India Pvt. Ltd. for the development of a 58 MW hybrid renewable energy power project, primarily for its energy-intensive business in Bharuch, Gujarat. Upon completion, DCM Shriram Chemicals’ total renewable energy capacity will rise from 118.4 MW to 176.4 MW, significantly expanding its clean energy base. The project is expected to be commissioned by June 2027. Under the agreement, DCM Shriram Chemicals will invest up to Rs. 105 crores in one or more tranches to acquire a minimum 26% equity stake in Serentica Renewables India Pvt. Ltd.

Commenting on the development, Mr. Sabaleel Nandy, Executive Director & CEO, DCM Shriram Chemicals, said, “The agreement is a strategic step in expanding the share of renewable energy across our chlor-alkali operations in Bharuch. Power is one of the most significant cost inputs for this business, and securing 58 MW of reliable, round-the-clock renewable energy will help improve cost efficiency, provide greater visibility into long-term power costs and reduce exposure to fluctuations in conventional energy prices. It will also strengthen operational resilience and support our broader growth and sustainability commitments by creating a cleaner and more competitive energy base for the business.”

“Sustainability and carbon reduction are also integral to how we operate at DCM Shriram Chemicals. The project is expected to help avoid nearly 0.4 million tonnes of CO₂ emissions annually while increasing the share of renewable power available to our Bharuch operations. It will support our efforts to lower the carbon intensity of the business and pursue growth more responsibly and sustainably,” added Mr. Nandy.

Commenting on the partnership, Mr. Akshay Hiranandani, CEO, Serentica Renewables, said, “Our partnership with DCM Shriram Chemicals marks another significant step in advancing India’s industrial decarbonization journey. Through a 190 MW renewable energy project comprising solar power from Rajasthan and wind power from Karnataka, we will supply 58 MW of round-the-clock renewable power to DCM Shriram Chemicals Bharuch plant, enabling reliable and sustainable energy for its operations.’’

The agreement strengthens DCM Shriram Chemicals renewable energy portfolio while supporting the long-term energy requirements of its Bharuch operations. Once commissioned, the project is expected to contribute meaningfully to the company’s efforts to improve energy efficiency, reduce emissions and build a more resilient and sustainable manufacturing base.

DCM Shriram Limited has entered into a definitive agreement with Serentica Renewables India Pvt. Ltd. for the development of a 58 MW hybrid renewable energy power project, primarily for its energy-intensive business in Bharuch, Gujarat. Upon completion, DCM Shriram Chemicals’ total renewable energy capacity will rise from 118.4 MW to 176.4 MW, significantly expanding its clean energy base. The project is expected to be commissioned by June 2027. Under the agreement, DCM Shriram Chemicals will invest up to Rs. 105 crores in one or more tranches to acquire a minimum 26% equity stake in Serentica Renewables India Pvt. Ltd.

Commenting on the development, Mr. Sabaleel Nandy, Executive Director & CEO, DCM Shriram Chemicals, said, “The agreement is a strategic step in expanding the share of renewable energy across our chlor-alkali operations in Bharuch. Power is one of the most significant cost inputs for this business, and securing 58 MW of reliable, round-the-clock renewable energy will help improve cost efficiency, provide greater visibility into long-term power costs and reduce exposure to fluctuations in conventional energy prices. It will also strengthen operational resilience and support our broader growth and sustainability commitments by creating a cleaner and more competitive energy base for the business.”

“Sustainability and carbon reduction are also integral to how we operate at DCM Shriram Chemicals. The project is expected to help avoid nearly 0.4 million tonnes of CO₂ emissions annually while increasing the share of renewable power available to our Bharuch operations. It will support our efforts to lower the carbon intensity of the business and pursue growth more responsibly and sustainably,” added Mr. Nandy.

Commenting on the partnership, Mr. Akshay Hiranandani, CEO, Serentica Renewables, said, “Our partnership with DCM Shriram Chemicals marks another significant step in advancing India’s industrial decarbonization journey. Through a 190 MW renewable energy project comprising solar power from Rajasthan and wind power from Karnataka, we will supply 58 MW of round-the-clock renewable power to DCM Shriram Chemicals Bharuch plant, enabling reliable and sustainable energy for its operations.’’

The agreement strengthens DCM Shriram Chemicals renewable energy portfolio while supporting the long-term energy requirements of its Bharuch operations. Once commissioned, the project is expected to contribute meaningfully to the company’s efforts to improve energy efficiency, reduce emissions and build a more resilient and sustainable manufacturing base.

DCM Shriram Limited has entered into a definitive agreement with Serentica Renewables India Pvt. Ltd. for the development of a 58 MW hybrid renewable energy power project, primarily for its energy-intensive business in Bharuch, Gujarat. Upon completion, DCM Shriram Chemicals’ total renewable energy capacity will rise from 118.4 MW to 176.4 MW, significantly expanding its clean energy base. The project is expected to be commissioned by June 2027. Under the agreement, DCM Shriram Chemicals will invest up to Rs. 105 crores in one or more tranches to acquire a minimum 26% equity stake in Serentica Renewables India Pvt. Ltd.

Commenting on the development, Mr. Sabaleel Nandy, Executive Director & CEO, DCM Shriram Chemicals, said, “The agreement is a strategic step in expanding the share of renewable energy across our chlor-alkali operations in Bharuch. Power is one of the most significant cost inputs for this business, and securing 58 MW of reliable, round-the-clock renewable energy will help improve cost efficiency, provide greater visibility into long-term power costs and reduce exposure to fluctuations in conventional energy prices. It will also strengthen operational resilience and support our broader growth and sustainability commitments by creating a cleaner and more competitive energy base for the business.”

“Sustainability and carbon reduction are also integral to how we operate at DCM Shriram Chemicals. The project is expected to help avoid nearly 0.4 million tonnes of CO₂ emissions annually while increasing the share of renewable power available to our Bharuch operations. It will support our efforts to lower the carbon intensity of the business and pursue growth more responsibly and sustainably,” added Mr. Nandy.

Commenting on the partnership, Mr. Akshay Hiranandani, CEO, Serentica Renewables, said, “Our partnership with DCM Shriram Chemicals marks another significant step in advancing India’s industrial decarbonization journey. Through a 190 MW renewable energy project comprising solar power from Rajasthan and wind power from Karnataka, we will supply 58 MW of round-the-clock renewable power to DCM Shriram Chemicals Bharuch plant, enabling reliable and sustainable energy for its operations.’’

The agreement strengthens DCM Shriram Chemicals renewable energy portfolio while supporting the long-term energy requirements of its Bharuch operations. Once commissioned, the project is expected to contribute meaningfully to the company’s efforts to improve energy efficiency, reduce emissions and build a more resilient and sustainable manufacturing base.

In a significant step towards strengthening international cooperation in renewable energy, Solex Energy Limited (NSE: SOLEX), welcomed H.E. Prof. Kwasi Obiri-Danso, High Commissioner of Ghana to India, along with a distinguished Ghana delegation, to its corporate headquarters in Surat for strategic discussions on accelerating clean energy adoption and fostering bilateral collaboration in the solar sector.

The visit comes at a time when emerging economies are increasingly prioritising renewable energy to enhance energy security, drive sustainable economic growth and meet global climate commitments. Ghana has set ambitious targets to diversify its energy mix and expand renewable energy generation, creating significant opportunities for international partnerships in technology, manufacturing and infrastructure development.

As part of the strategic discussions, Solex Energy proposed partnering with Ghana to establish an end-to-end solar manufacturing ecosystem in phases, encompassing the local production of renewable energy components, technology transfer, and capacity building. The company also emphasized the importance of developing indigenous talent by introducing skill development and technical training programmes to create a sustainable renewable energy workforce in Ghana. Solex further expressed its intent to collaborate with the International Solar Alliance (ISA) to support Ghana’s clean energy transition, foster international cooperation, and contribute to achieving global climate and energy access goals.

With an operational manufacturing capacity of 4 GW, and a strategic roadmap to establish 10 GW of solar module manufacturing and 10 GW of solar cell manufacturing capacity under its Vision 2030, Solex Energy continues to strengthen India’s position as a global clean energy manufacturing hub.

Speaking on the occasion, Dr. Chetan Shah, Chairman & Managing Director, Solex Energy Limited, said:

“We were honoured to host H.E. Prof. Kwasi Obiri-Danso and the distinguished delegation from Ghana. The discussions reflected not only the immense renewable energy potential that Ghana possesses but also our shared belief that international partnerships will be instrumental in shaping the next phase of the global energy transition. At Solex Energy, we view such engagements as an opportunity to build enduring relationships founded on innovation, trust and sustainable development. We look forward to exploring avenues where our manufacturing capabilities and technological expertise can complement Ghana’s renewable energy aspirations, creating long-term value for both nations.”

The visit reflects Solex Energy’s continued focus on building strategic international partnerships and expanding its global footprint in high-growth renewable energy markets. As countries accelerate their transition towards clean energy, the company remains committed to supporting governments, utilities and private enterprises with world-class solar technologies manufactured in India.

Maharashtra has commissioned Nagpur’s first 4 MW solar park, a project designed to provide reliable daytime electricity to nearly 1,000 farmers across nine villages under the Mukhyamantri Saur Krishi Vahini Yojana 2.0 (MSKVY 2.0). The initiative is expected to improve the quality of agricultural power supply while reducing dependence on conventional energy sources.

Developed by Mahatma Phule Renewable Energy and Infrastructure Technology Ltd. (MAHAPREIT) in collaboration with the Maharashtra State Electricity Distribution Company Ltd. (MSEDCL), the solar park has been commissioned at Bela village in Umred taluka of Nagpur district. The project will directly feed solar power into dedicated agricultural feeders, enabling farmers to receive electricity during daylight hours for irrigation and other farming activities.

The 4 MW facility is expected to generate around 7 million units (MU) of clean electricity annually, helping offset carbon emissions while ensuring a stable and uninterrupted power supply to agricultural consumers. By shifting farm power consumption to solar energy during the day, the project will also reduce the load on the conventional power grid and improve overall distribution efficiency.

The solar park forms part of the state’s broader plan to solarise agricultural feeders under MSKVY 2.0, which aims to provide farmers with dependable daytime electricity through decentralised renewable energy projects. The programme also seeks to lower power procurement costs for the distribution utility while promoting sustainable farming practices.

Officials said the commissioning of Nagpur’s first solar park marks an important milestone in Maharashtra’s clean energy transition. Similar decentralised solar projects are planned across the state to expand access to daytime agricultural power, strengthen rural electricity infrastructure and accelerate the adoption of renewable energy in the farm sector.

India’s geothermal energy ambitions received a significant boost as ONGC Energy Centre successfully completed two deep geothermal wells, GT#02 and GT#03, at the Puga Geothermal Project in Ladakh. Marking the milestone, Hon’ble Lieutenant Governor of Ladakh Shri Vinai Kumar Saxena unveiled a commemorative plaque at the project site, underscoring the progress of India’s first demonstration-scale geothermal power project aimed at delivering reliable, round-the-clock clean energy to the region while strengthening the nation’s clean energy and energy security goals.

Hon’ble Lieutenant Governor of the Union Territory of Ladakh Shri Vinai Kumar Saxena unveiled a commemorative plaque at the Puga Geothermal Project site, marking the successful completion of geothermal wells GT#02 and GT#03 by ONGC Energy Centre

The milestone advances the development of India’s first demonstration-scale geothermal power project at Puga and opens new possibilities for clean, dependable and round-the-clock energy in Ladakh. The project shall help strengthen energy access in remote areas, reduce dependence on conventional fuels and support reliable power availability during the region’s severe winters.

Beyond electricity generation, geothermal energy has the potential to support space heating, greenhouse cultivation, year-round agriculture, food processing, geotourism and sustainable livelihoods. These applications could contribute significantly to Ladakh’s socio-economic development and its aspiration to emerge as a carbon-neutral region.

At the national level, the project strengthens India’s clean-energy portfolio, advances technological self-reliance and supports the country’s long-term energy-security and Net Zero objectives. The initiative is being advanced jointly by ONGC Energy Centre, the UT Administration of Ladakh and LAHDC-Leh under a five-year collaboration renewed in June 2026.

The occasion was attended by Administrative Secretary Shri Himanshu Gupta, IAS; Secretary to the Hon’ble Lieutenant Governor Ms Shashanka Ala, IAS; Deputy Commissioner, Changthang, Shri Nitish Rajora; and Superintendent of Police, Changthang, Shri Abbas Jaffari.

The Hon’ble Lieutenant Governor highlighted the project’s national and regional significance and commended the ONGC Energy Centre team. Representing ONGC, Director (Technology and Field Services) Shri Vikram Saxena said the achievement reaffirmed ONGC’s commitment to innovation, energy security and a sustainable future for Ladakh and India.