Category: All News

JSW Energy’s renewable energy subsidiaries have secured more than ₹4,000 crore in long-term debt from a consortium comprising Axis Bank, Bank of Maharashtra and the National Bank for Financing Infrastructure and Development (NaBFID). The financing will be utilised to support the company’s ongoing and upcoming renewable energy projects, reinforcing its expansion strategy in India’s fast-growing clean energy sector.

The funding has been structured as long-tenor project loans with competitive pricing, reflecting the growing preference among renewable energy developers for bank financing during the construction phase. Industry experts note that commercial banks and infrastructure-focused financial institutions are increasingly offering attractive lending terms, making bank borrowings more cost-effective than raising capital through corporate bond issuances.

The fresh capital will support JSW Energy’s continued capacity addition across solar, wind and hybrid renewable energy projects. The company has been steadily expanding its clean energy portfolio as part of its long-term objective of strengthening its presence in sustainable power generation while contributing to India’s renewable energy transition.

The latest borrowing underscores the increasing confidence of financial institutions in India’s renewable energy sector, where long-term policy support, improving project economics and rising power demand continue to drive investments. As developers accelerate project execution to meet the country’s ambitious clean energy targets, access to competitive long-term financing is expected to remain a key enabler of sectoral growth.

JSW Energy’s renewable energy subsidiaries have secured more than ₹4,000 crore in long-term debt from a consortium comprising Axis Bank, Bank of Maharashtra and the National Bank for Financing Infrastructure and Development (NaBFID). The financing will be utilised to support the company’s ongoing and upcoming renewable energy projects, reinforcing its expansion strategy in India’s fast-growing clean energy sector.

The funding has been structured as long-tenor project loans with competitive pricing, reflecting the growing preference among renewable energy developers for bank financing during the construction phase. Industry experts note that commercial banks and infrastructure-focused financial institutions are increasingly offering attractive lending terms, making bank borrowings more cost-effective than raising capital through corporate bond issuances.

The fresh capital will support JSW Energy’s continued capacity addition across solar, wind and hybrid renewable energy projects. The company has been steadily expanding its clean energy portfolio as part of its long-term objective of strengthening its presence in sustainable power generation while contributing to India’s renewable energy transition.

The latest borrowing underscores the increasing confidence of financial institutions in India’s renewable energy sector, where long-term policy support, improving project economics and rising power demand continue to drive investments. As developers accelerate project execution to meet the country’s ambitious clean energy targets, access to competitive long-term financing is expected to remain a key enabler of sectoral growth.

The Solar Energy Corporation of India (SECI) has discovered a lowest tariff of ₹5.25 per unit in its latest Round-the-Clock (RTC) Renewable Energy auction, marking another significant step towards ensuring reliable clean power supply while supporting India’s transition to a low-carbon energy system. The auction attracted strong participation from leading renewable energy developers, reflecting sustained investor confidence in the RTC power segment.

The tender was floated for the procurement of 1,200 MW of RTC renewable energy integrated with Energy Storage Systems (ESS) under Tranche-VI. According to SECI, the bidding process received an overwhelming response, with total bids of 2,400 MW, twice the tendered capacity, highlighting the growing maturity and competitiveness of India’s renewable energy market.

ReNew Power emerged as the lowest bidder, securing 600 MW at a tariff of ₹5.25 per unit, while Jindal India Renewable Energy won the remaining 600 MW at ₹5.27 per unit. The projects will combine renewable generation with energy storage to ensure continuous power availability, enabling utilities to access firm and dispatchable clean energy throughout the day.

The successful auction underscores the rapid evolution of India’s renewable energy ecosystem, where advances in storage technologies and competitive project execution are making round-the-clock renewable power increasingly viable. The initiative is expected to strengthen grid reliability, reduce dependence on conventional fossil-fuel-based generation and accelerate progress towards the country’s long-term clean energy and net-zero objectives.

The Solar Energy Corporation of India (SECI) has discovered a lowest tariff of ₹5.25 per unit in its latest Round-the-Clock (RTC) Renewable Energy auction, marking another significant step towards ensuring reliable clean power supply while supporting India’s transition to a low-carbon energy system. The auction attracted strong participation from leading renewable energy developers, reflecting sustained investor confidence in the RTC power segment.

The tender was floated for the procurement of 1,200 MW of RTC renewable energy integrated with Energy Storage Systems (ESS) under Tranche-VI. According to SECI, the bidding process received an overwhelming response, with total bids of 2,400 MW, twice the tendered capacity, highlighting the growing maturity and competitiveness of India’s renewable energy market.

ReNew Power emerged as the lowest bidder, securing 600 MW at a tariff of ₹5.25 per unit, while Jindal India Renewable Energy won the remaining 600 MW at ₹5.27 per unit. The projects will combine renewable generation with energy storage to ensure continuous power availability, enabling utilities to access firm and dispatchable clean energy throughout the day.

The successful auction underscores the rapid evolution of India’s renewable energy ecosystem, where advances in storage technologies and competitive project execution are making round-the-clock renewable power increasingly viable. The initiative is expected to strengthen grid reliability, reduce dependence on conventional fossil-fuel-based generation and accelerate progress towards the country’s long-term clean energy and net-zero objectives.

Rhetan TMT Limited has successfully completed the testing and commissioning of its 1 MW (AC) captive ground-mounted solar power project.

With the successful completion of all commissioning activities, the project has now achieved operational readiness, marking the culmination of the Company’s renewable energy initiative. The project has progressed through every stage of implementation—from statutory approvals and infrastructure development to installation, testing and commissioning—and is now fully prepared for commercial operation.

The Company expects commercial power generation from the solar power project to commence shortly, following the completion of the remaining operational formalities, if any.

With power costs representing approximately 20% of the Company’s overall cost base, the commencement of captive solar power generation is expected to have a positive impact on operational economics by providing a stable and cost-efficient source of energy. The project is expected to enhance operational efficiency, improve cost competitiveness, and further strengthen the Company’s commitment to sustainable manufacturing practices.

Rhetan TMT Limited has successfully completed the testing and commissioning of its 1 MW (AC) captive ground-mounted solar power project.

With the successful completion of all commissioning activities, the project has now achieved operational readiness, marking the culmination of the Company’s renewable energy initiative. The project has progressed through every stage of implementation—from statutory approvals and infrastructure development to installation, testing and commissioning—and is now fully prepared for commercial operation.

The Company expects commercial power generation from the solar power project to commence shortly, following the completion of the remaining operational formalities, if any.

With power costs representing approximately 20% of the Company’s overall cost base, the commencement of captive solar power generation is expected to have a positive impact on operational economics by providing a stable and cost-efficient source of energy. The project is expected to enhance operational efficiency, improve cost competitiveness, and further strengthen the Company’s commitment to sustainable manufacturing practices.

Premier Energies Limited has announced its financial results for the quarter ended June 30, 2026, delivering another quarter of strong growth driven by robust execution, expanding manufacturing capabilities and strong demand for domestically manufactured solar modules. 

The Company reported total revenue of INR 25,076 million, up 34.1% year-on-year. EBITDA stood at INR 7,594 million, registering a 27.2% YoY growth with a healthy 30.3% EBITDA margin, while Profit After Tax (PAT) was reported at INR 4,719 million with 53.3% YoY growth, translating into a PAT margin of 18.8%. During the quarter, the Company produced 844 MW of solar cells, 953 MW of solar modules, and 570 MVA of transformers. 

Premier Energies recently inaugurated its 5.6 GW Seetharampur module manufacturing facility, one of India’s most advanced module manufacturing plants, equipped with automation capable of producing four modules every 16 seconds. The Company also made significant progress on its 7 GW solar cell manufacturing facility at Naidupeta, where machinery installation is underway and trial runs are expected to commence shortly. 

Commenting on the results, Mr. Chiranjeev Saluja, Managing Director of the company said, “We are pleased to report another quarter of strong results. Our sustained growth reflects the strength of our integrated manufacturing platform, technology leadership and disciplined execution. The successful inauguration of our 5.6 GW Seetharampur module facility and the rapid progress at our 7 GW Naidupeta solar cell plant reinforce our commitment to expanding domestic manufacturing capabilities and supporting government’s Make in India vision. We are expecting a significant boost in our operating and financial performance over the next year as these new facilities come online and help us deliver industry leading margins.”