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The Water Resources Department of the Government of Maharashtra has invited bids from eligible developers and contractors for two renewable energy projects under the Public-Private Partnership (PPP) model. The projects comprise the modernisation of the existing 22.5 MW Yeldari Hydroelectric Power Plant and the development of a 200 MW Floating Solar Photovoltaic (FSPV) project integrated with a Battery Energy Storage System (BESS) on the Purna Project reservoir.

The tender has been issued by the Executive Engineer, Purna Irrigation Division, Basmathnagar, through E-Tender Notice No. 02 for the financial year 2026–27. The projects are located in Parbhani and Hingoli districts of Maharashtra and are aimed at enhancing renewable energy generation while making efficient use of existing water infrastructure.

Under the first component of the tender, the selected developer will undertake the upgradation, operation, maintenance, and management of the 22.5 MW Yeldari Hydroelectric Power Plant, which forms part of the Purna Irrigation Project. The initiative is intended to improve the plant’s operational efficiency, ensure reliable maintenance, and maximise renewable electricity generation from the existing hydropower asset.

The second component involves the development of a 200 MW Floating Solar Photovoltaic (FSPV) project integrated with a Battery Energy Storage System (BESS) on the reservoir of the Purna Project. The project aims to utilise the reservoir’s water surface for clean energy generation while incorporating battery storage to enhance grid stability and improve the integration of renewable power.

According to the tender schedule, the notice was issued on 24 July 2026. The detailed bid documents will be available from 28 July 2026 to 11 August 2026, while the technical bids are scheduled to be opened on 12 August 2026.

The department has stated that details relating to the Earnest Money Deposit (EMD) and Performance Bank Guarantee (PBG) have not been included in the preliminary tender notice. Interested bidders are required to refer to the complete tender documents available on the Maharashtra Government’s official e-tendering portal for information on bid security, eligibility criteria, financial requirements, and other contractual conditions.

The department has also advised bidders to submit all proposals through the official e-tender portal and to regularly monitor the portal for any corrigenda, amendments, or additional instructions, as no separate notifications will be issued through other communication channels.

The twin projects reflect Maharashtra’s continued focus on expanding its renewable energy portfolio through innovative PPP models that combine hydropower modernisation, floating solar technology, and battery energy storage. The integration of floating solar with an existing reservoir is expected to optimise the utilisation of water infrastructure, strengthen grid reliability through energy storage, and contribute to the state’s clean energy objectives.

Inox Wind Limited (IWL) has secured a repeat turnkey order for a 200 MW wind power project from NLC India Limited, further strengthening its presence in India’s utility-scale renewable energy market.

The contract, valued at approximately ₹1,600 crore, will be executed on a turnkey basis and includes the supply of wind turbine generators, engineering, procurement and construction (EPC), as well as post-commissioning operations and maintenance (O&M) services. The project is scheduled to be commissioned within 24 months from the date of the Letter of Award (LoA).

Following the latest award, Inox Wind’s order book has expanded to 4.7 GW, comprising a diversified customer base that includes commercial and industrial (C&I) consumers, public sector undertakings (PSUs) and independent power producers (IPPs). According to the company, this balanced portfolio enhances long-term revenue visibility while reflecting its strong position in India’s growing wind energy sector.

The repeat order reinforces Inox Wind’s capabilities in delivering large-scale turnkey wind projects and further strengthens its execution pipeline as India accelerates renewable energy capacity additions.

Commenting on the development, Sanjeev Agarwal, CEO of Inox Wind Ltd., said the repeat order from NLC India validates the company’s integrated turnkey capabilities, execution expertise and advanced wind turbine technology portfolio.

“We are delighted to have secured this repeat 200 MW turnkey order from NLC India Limited, one of India’s leading public sector enterprises in the power sector. This order is a strong validation of our integrated turnkey capabilities, execution expertise and technologically advanced product portfolio. Our strong and diversified order pipeline provides us with significant growth visibility. We look forward to working closely with NLC India Limited and successfully delivering this project within the stipulated timeline,” Agarwal said.

He added that as India advances its renewable energy transition, customers are increasingly partnering with experienced wind original equipment manufacturers (OEMs) capable of delivering projects from concept to commissioning. Agarwal said the company remains committed to supporting the country’s clean energy ambitions through operational excellence, timely project execution and long-term value creation.

DCM Shriram Ltd announced its financial results for the first quarter ended June 30, 2026, reporting resilient performance despite a challenging global operating environment marked by geopolitical uncertainties, supply chain disruptions and an erratic start to the southwest monsoon. 

For Q1 FY27, the Company reported Net Revenue (Net of excise duty) of ₹3,564 crore, up 9% year-on-year, while PBDIT increased 12% to ₹364 crore. Profit After Tax (PAT) stood at ₹693 crore, compared to ₹114 crore in the corresponding quarter last year. PAT includes positive tax adjustment of Rs 474.3 crores on account of favorable judgements from Income Tax authority relating to previous years and one-time exceptional items of Rs. 79.4 crores of profit on sale of land and stake sale for JV formation. Excluding these, the effective normal PAT for the quarter was ₹147 crore. 

The increase in revenues was contributed by chemicals (up by 33% YoY) and Fenesta Building Systems (up by 22% YoY). The increase in PBDIT was contributed by the Chemicals & Vinyl segment (up by 30%).

Commenting on the performance for the quarter ending June 2026, in a joint statement, Mr. Ajay Shriram, Chairman & Senior Managing Director and Mr. Vikram Shriram, Vice Chairman & Managing Director, said, “The first quarter of FY27 tested the global economy with complex mix of geopolitical uncertainties. The ongoing West Asia crisis has disrupted supply chains and energy markets, leading to renewed inflationary pressures and cementing expectations of a prolonged higher interest rate environment. Domestically, we have also faced a highly erratic start to the southwest monsoon, which has placed temporary pressure on rural consumption. However, the broader Indian industrial narrative remains robust, supported by strong domestic fundamentals.

The Chemicals business delivered a resilient performance despite a challenging global environment. Domestic caustic soda demand remained healthy, while advanced materials operations continued to contribute with steadily improving utilization rates. Our downstream integration initiatives remain on track, with Aluminum Chloride and Calcium Chloride projects under pre-commissioning trials, further strengthening the portfolio and driving long-term value creation.

The Sugar and Ethanol businesses are stable with lower domestic sugar inventories. Global sugar deficit has led to increase in global prices. However, the long-term viability of the sector, particularly the ethanol blending ecosystem, still requires decisive and sustained government policy interventions regarding feedstock pricing and alternate usage mandates.

Our consumer-facing businesses continued to strengthen their market position during the quarter. Fenesta Building Systems delivered healthy volume-driven growth while Shriram Farm Solutions effectively managed inventory and supply chain logistics to successfully navigate a challenging monsoon-led environment.

With our major capex cycles transitioning into the commissioning phase, we are focused on capacity ramp-up, deep value-chain integration, and disciplined capital allocation. Our balance sheet remains strong, giving us resilience from external volatility and enabling us to pursue growth. Sustainability remains embedded in our growth strategy; by focusing on responsible resource utilization and driving energy efficiencies across our manufacturing footprint.” 

ACME Solar Holdings Ltd (ACME Solar) has secured INR 3,404.57 crore long-term project funding for its ACME Urja One Pvt Ltd (Phase – III) 250 MW FDRE project from Power Finance Corporation Limited (PFC) for the development & construction of the project. PFC will serve as the sole financer for this project with a repayment tenor of 19 years.  

The current funding milestone takes the overall project funding raised by the company during this fiscal to Rs 6,051 crores.  The PPA for this project was signed with NHPC Limited for a period of 25 years at a tariff of INR 4.33/unit. The tariff is already approved and adopted by Central and State Regulator.

The ACME Urja One (Phase-III) FDRE project combines multiple renewable energy technologies including Solar, Wind and Battery Energy Storage System (BESS) to meet the supply obligations and, ensures higher predictability and dispatchability. It spans across Fategarh-II in Jaisalmer, Rajasthan and Jamkhambhaliya in Devbhumi Dwarka, Gujarat with necessary land and connectivity already in place. The development of this project is progressing on schedule and is expected to be commissioned next year.

ACME Solar Holdings Limited is a leading integrated renewable energy player with a diversified portfolio of 8,070 MW spanning solar, wind, storage, FDRE and hybrid solutions and an operational contracted capacity of 2,990 MW and ~3.62 GWh of BESS capacity and under construction contracted capacity of 5,080 MW. The under construction PPA signed portfolio stands at 3,880 MW. With an in-house EPC and O&M division, the company does end-to-end development and O&M of the plants, thereby delivering projects in a time & cost-effective manner while ensuring best in class operating performance evident in its industry leading CUF and operating margins.

India’s flagship PM Surya Ghar: Muft Bijli Yojana has achieved a major milestone, with 39,72,447 rooftop solar (RTS) systems installed across the country, benefiting 48,02,717 households as of 22 July 2026. The scheme continues to accelerate residential solar adoption by combining higher financial assistance, affordable financing, and innovative implementation models to make rooftop solar accessible to households across different income groups.

To improve affordability, the government has introduced higher Central Financial Assistance (CFA) for the first 2 kWp of rooftop solar capacity under the scheme. In addition, beneficiaries can avail collateral-free loans from nationalised banks at a concessional interest rate of repo rate plus 50 basis points, which currently works out to 5.75% per annum, with a repayment tenure of 10 years. The scheme also incorporates the Renewable Energy Service Company (RESCO) and Utility-Led Aggregation (ULA) models to encourage wider participation and faster deployment of rooftop solar systems.

The programme has witnessed strong financial support from the government over the past three financial years. Budgetary allocations have increased significantly to support the rapid expansion of rooftop solar installations, reflecting the government’s commitment to promoting clean energy adoption and reducing household electricity costs. As of 22 July 2026, expenditure under the scheme for FY 2026-27 had already crossed ₹10,392 crore, demonstrating steady implementation progress.

The growing number of rooftop solar installations has translated into tangible benefits for consumers. According to the government, electricity bills have reduced substantially for households that have installed rooftop solar systems under the scheme. Notably, more than 18.93 lakh households have reported receiving zero electricity bills during certain months, depending on their electricity consumption and self-generation levels. This highlights the scheme’s role in lowering household energy expenses while promoting distributed renewable energy generation.

The information was shared by Union Minister of State for New and Renewable Energy, Shri Shripad Yesso Naik, in a written reply in the Rajya Sabha, underscoring the government’s continued focus on expanding rooftop solar adoption as part of India’s clean energy transition and energy security goals.

Lightsource bp and Meta have finalized a long-term power purchase agreement (PPA) to support Mowata Solar, a 172MWdc (150MWac) solar project in development in Acadia Parish, Louisiana. This PPA will add new generation to the local grid, furthering Meta’s commitment to expanding energy capacity in the regions where it operates.

This announcement marks another solar energy PPA with Meta managed by Lightsource bp. In 2022, Meta signed a long-term PPA for energy generated by the 134MWdc (107MWac) Arche Solar, in Gorham Township, Ohio.

“We’re committed to ensuring that the communities and grid infrastructure across Louisiana benefit from our presence. Partnering with Lightsource bp to bring 150MWac of new solar energy online through Mowata Solar is a meaningful step — it adds generation to the local grid and supports economic growth in Acadia Parish. We’re proud to contribute to a more resilient and energy-abundant Louisiana,” said Amanda Yang, Head of Clean & Renewable Energy, Meta.

“Expanding our partnership with Meta through this PPA reinforces Lightsource bp’s ability to scale renewable energy solutions alongside the technology sector’s growing energy and operational needs. With Mowata Solar, Lightsource bp is investing $237 million in Louisiana’s energy infrastructure, creating hundreds of construction jobs and providing lasting economic benefits to Acadia Parish. This partnership exemplifies how renewable energy can support technological innovation and drive meaningful economic growth in communities across the Pelican State,” said Emilie Wangerman, Lightsource bp’s Chief Operating Officer and Head of USA.

Lightsource bp’s power purchase solutions are designed to work alongside other forms of energy, as part of an integrated power strategy. Lightsource bp works under flexible commercial frameworks to shape tailored solutions around each customer’s specific priorities, combining grid-ready capacity, the latest technological solutions, and extensive experience in shaping diverse power profiles.

EUROBOND, the flagship brand of Euro Panel Products Limited, has officially launched operations at its new 2.2 MW grid-connected solar facility in Moti Falod, Surat. This launch completes the third phase of a multi year energy expansion, bringing the company’s total operational capacity to 3.6 MW. Most significantly, this new infrastructure allows EUROBOND to offset 50% of its total factory power requirements through captive solar energy, an aggressive scale up from its previous 20% offset capability.

The plant is designed to generate 30 lakh units of clean electricity annually. This generated power is used to offset the facility’s overall energy consumption, significantly cutting reliance on conventional power grids and directly eliminating the carbon emissions associated with traditional coal based electricity. This transition began with an initial 520 kW installation in 2020, expanded to 1.4 MW in 2024, and now reaches this major 50% offset milestone with the latest facility fully online.

This energy capacity expansion directly complements the company’s broader resource conservation practices, specifically its Zero Liquid Discharge operations. In addition to solar power generation, EUROBOND operates in-house sewage and effluent treatment facilities that have reclaimed over 1,322,500 litres of treated water over the last six months alone. This treated water is utilised for site gardening, greenbelt maintenance, and general facility requirements, ensuring zero industrial wastewater leaves the premises.

As green building frameworks under the Indian Green Building Council place greater emphasis on supply chain transparency, developers and architects are actively seeking low-carbon building materials. EUROBOND’s operational clean energy setup and water reclamation systems offer architects and project planners clear environmental benchmarks, making it simpler for commercial and residential developments to achieve their green building certifications.

Mr Divyam Shah, Whole Time Director and CFO of Euro Panel Products Limited, highlighted the strategic importance of the installation and said, “Sustainability has always been embedded in EUROBOND’s culture and the way we approach manufacturing. Every investment we make in renewable energy and resource conservation reflects our long-term commitment to building a more responsible and resilient business. Expanding our captive solar infrastructure to 3.6 MW is an important milestone in that journey, strengthening our ability to manufacture more efficiently while reducing our carbon footprint and conserving natural resources. As we continue to grow, our focus remains on creating lasting value through responsible operations and ensuring that every panel we produce reflects the highest standards of quality, performance, and environmental stewardship.”

The commissioning of the Surat plant forms part of EUROBOND’s ongoing investments into overall manufacturing standards. Alongside its Extended Producer Responsibility compliance and Indian Green Building Council membership, the company recently expanded its in-house laboratory’s NABL accreditation scope from 16 to 51 parameters covering coil, coating, core, ACP, and MCP. Together, these infrastructure updates establish a transparent and data-backed operational footprint.

Ampere, the E2W brand of Greaves Electric Mobility Limited (“GEML”), with portfolio of record-breaking electric scooters, announced a partnership with Muthoot Capital Services one of India’s most trusted retail NBFCs. The partnership is aimed to make electric mobility ownership more accessible and affordable across India and help accelerate EV adoption. This will also offer customers convenient, flexible and customer-centric retail financing solutions for Ampere’s complete range of electric two-wheelers.

The partnership is designed to bridge affordability barriers by offering financing solutions tailored to diverse income profiles and mobility needs. Flexible repayment options of the collaboration are expected to broaden access to electric mobility by making ownership more convenient, affordable and financially sustainable for EV buyers, salaried professionals, self-employed individuals, gig workers or small business owners.

Speaking on the partnership, Manoj M. P., Chief Business Officer, Greaves Electric Mobility, said, “At Ampere, our focus has always been on making mobility accessible, affordable and practical for every Indian customer. Financing plays a very crucial role in this journey, especially in supporting EV buyers. Our partnership with Muthoot Capital Services Ltd. brings together trusted and our growing electric two-wheeler portfolio to offer seamless and customer-centric ownership solutions. Together, we aim to remove financial barriers, empower customers with greater choice and convenience, and accelerate the adoption of clean mobility across Bharat.”

Mr. Mathews Markose, CEO, Muthoot Capital Services Ltd., said, “At Muthoot Capital, our purpose has always been to make mobility financing accessible, responsible, and inclusive for every Indian. As the country transitions towards cleaner and more sustainable transportation, financing will play a pivotal role in accelerating EV adoption beyond metropolitan cities and into the heart of Bharat. Our partnership with Ampere brings together Ampere and Muthoot, two trusted brands, with a shared vision of democratizing access to electric mobility.

With our deep understanding of retail financing, extensive customer reach, and technology enabled lending capabilities, we are committed to delivering seamless, transparent, and affordable financing solutions that empower customers to embrace electric mobility with confidence. This collaboration is not merely about financing vehicles, it is about enabling aspirations, supporting livelihoods, and contributing meaningfully to India’s sustainable mobility journey. We believe this partnership will create long-term value for customers, dealers, and the broader EV ecosystem while reinforcing our commitment to responsible growth and innovation.”

Tata Power, one of India’s largest vertically integrated power companies, today reported a Profit after Tax (PAT) of ₹ 1,401 crore, up 11 % YoY, for the first quarter ended June 30, 2026. The Company’s revenue grew to ₹ 18,898 crore, up 8% YoY; while EBITDA rose to ₹ 4,249 crore, up 8% YoY.

The Company has commenced FY27 on a strong footing, with the first quarter reflecting solid execution across its businesses and reinforcing the strategic priorities that will drive the next phase of growth.

As green energy adoption accelerates, Tata Power is strategically investing across the value chain from domestic manufacturing and large-scale renewable development to cross-border clean energy partnerships and energy storage solutions. The Company is building capabilities that enhance grid flexibility and reliability through a combination of pumped hydro storage, battery energy storage systems and hybrid energy solutions. These efforts are pioneering dependable clean energy access for commercial, industrial and residential consumers.

The company reported a steady financial performance in Q1 FY27, with consolidated revenue increasing by 8% year-on-year to ₹18,898 crore, compared to ₹17,464 crore in Q1 FY26. EBITDA also grew by 8% to ₹4,249 crore, up from ₹3,930 crore in the corresponding quarter last year, reflecting consistent operational performance. Reported Profit After Tax (PAT) rose by 11% year-on-year to ₹1,401 crore, compared to ₹1,262 crore in Q1 FY26, demonstrating continued profitability and resilient earnings growth.

Dr. Praveer Sinha, CEO and Managing Director, Tata Power, said: “India’s energy sector is entering its next phase of transformation where the focus is shifting to delivering reliable, round-the-clock clean energy. At Tata Power, we have positioned ourselves ahead of this curve through our integrated and bundled supply of RTC Renewable power though solar, wind, battery storage and pumped storage projects. This quarter marks several strategic milestones that will shape our next phase of growth. With more than ₹5,000 crore deployed towards capex during Q1, we have begun FY27 with a strong project implementation roadmap. The return of Mundra to full operations, industry leading solar rooftop growth and deepening cross-border energy partnerships further reinforce our position as a leading integrated power company.”

Business Highlights – Q1 FY27

Generation

• Traditional Generation demonstrated strong operational performance and resilience while maintaining minimal to zero forced outages during the Quarter. The average availability stood at robust 96.2%.
• Tata Power continues to make significant engineering progress across the Bhutan hydropower projects-Khorlochhu and Dorjilung.
• At the 1,000 MW Bhivpuri Pumped Storage Project, the upper reservoir has been constructed and Civil, Electro-Mechanical, Hydro-Mechanical and GIS packages awarded & works are progressing well.

Renewables

• The cluster posted strong performance as quarter EBITDA increased 8% YoY to ₹ 1,696 crore from ₹ 1,567 crore in Q1 FY26 driven by capacity additions, higher sales from Solar Manufacturing & Rooftop solar
• Total renewable portfolio at 12.0 GW, of which 6.7 GW operational (5.4 GW solar, 1.3 GW wind) and 5.3 GW under implementation.
• Commissioned Ladakh’s first commercial rooftop solar project, a 50 kWp system in Leh, marking the region’s entry into distributed clean energy.
• Commissioned the 100.8 MW Jewali Wind Project in Dharashiv, Maharashtra, generating ~299 million units annually and supplying clean power to Tata Power Mumbai Distribution
• Rooftop Business expands its addressable market with complete solar solutions (Solar plus Battery). The order book stands at ₹639 crore.

Transmission & Distribution

• Announced plans to upgrade Mumbai’s Transmission and Distribution network by 2031, including a 400 kV ring network to serve data centres and metro lines.
• Tata Power Delhi Distribution Limited crosses 10,000 Rooftop Solar installations in Delhi creating 160 MWp of distributed clean energy.

Electric Mobility

• Commissioned ultra-fast charging stations with Indian Oil on the Delhi–Mumbai Expressway (63rd and 69th Milestones, Haryana)
• Signed an MoU with Varanasi Smart City to expand EV charging across transit hubs, parking areas and tourist sites
• Tata Power and Tata Passenger Electric Mobility Limited (TPEM) inaugurated Telangana’s first high-speed Tata.ev MegaCharger hub in Hitech City, Hyderabad.

PFC Consulting Limited (PFCCL) has invited bids for the selection of a Transmission Service Provider (TSP) to establish the 765 kV Grid Substation (GSS) at Babai along with its associated intra-state transmission system in Rajasthan. The project will be implemented through tariff-based competitive bidding (TBCB) on a Build, Own, Operate and Transfer (BOOT) basis.

PFCCL has been appointed as the Bid Process Coordinator (BPC) by the Energy Department, Government of Rajasthan, for the selection of the successful bidder. The selected developer will acquire 100% equity in Babai Transmission Limited, the special purpose vehicle (SPV) incorporated for implementing the project, and will be responsible for financing, designing, engineering, procurement, construction, commissioning, operation, and maintenance of the transmission system.

The transmission project has been planned to facilitate the evacuation of approximately 5,760 MW of renewable energy from Rajasthan while strengthening power supply to the Babai, Jhunjhunu, Sikar, and Jaipur regions. The initiative forms part of the Green Energy Corridor Phase III, addressing the growing renewable energy generation in western Rajasthan and the need for enhanced transmission infrastructure.

The project scope includes the establishment of a new 765/400/220 kV AIS substation at Babai, equipped with 2×1500 MVA 765/400 kV transformers, 2×500 MVA 400/220 kV transformers, switchable bus reactors, line reactors, and multiple transmission bays. It also covers the construction of several high-voltage transmission lines, including the 765 kV double-circuit Babai–Alwar line, 400 kV Babai–Amber line, 400 kV Babai–Babai line, 220 kV Babai–Beri Bhajangarh line, and the LILO of the 220 kV Chirawa–Khetri transmission line. The entire project is scheduled for completion within 30 months from the effective date.

According to the RFP, the selected TSP will also be responsible for securing statutory approvals, obtaining the transmission licence from the Rajasthan Electricity Regulatory Commission (RERC), arranging financing, land acquisition support, environmental and forest clearances, and undertaking the operation and maintenance of the assets throughout the concession period. The transmission assets will be transferred to the State Transmission Utility after 35 years from the commercial operation date, at zero cost and free from encumbrances.

The project has been conceived to strengthen Rajasthan’s transmission infrastructure for large-scale renewable energy integration, improve grid reliability, and support the state’s expanding clean energy capacity under its long-term power sector development plans.