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Following the successful commencement of customer deliveries in Chennai earlier this year, Bengaluru became Raptee.HV’s second operational market and the first step in its broader national expansion strategy.

The company also has plans to continue expanding across key Indian cities, bringing its Electric Car DNA platform to a wider community of riders.Raptee.HV has announced its expansion in Bengaluru, marking its first step beyond its home market in Chennai. The move brings the company’s technology platform and customer-centric ownership experience to India’s technology capital, as Raptee. HV enters the next phase of its national growth journey.

Over the last six years, Raptee.HV has reimagined electric motorcycling from first principles by developing HV-TEC, a platform that brings Electric Car DNA to motorcycles. Backed by more than 200 patents, the company’s vertically integrated technology platform spans battery systems, power electronics, embedded software and vehicle intelligence developed with a singular focus on solving real-world rider challenges around charging convenience, performance, reliability and long-term ownership confidence.

At the heart of this expansion is the new Bengaluru Experience Centre, where customers can explore the technology behind the T30, experience the motorcycle through test rides and benefit from dedicated service support and after-sales care delivering an ownership experience built around convenience and long-term support.

Commenting on the expansion, Dinesh Arjun, CEO and Co-Founder of Raptee. HV, said, “Bengaluru is a city that appreciates meaningful innovation, making it the perfect place for our first expansion. At Raptee.HV, we’ve always believed that technology is only as good as the experience it creates for customers. That’s why every decision we’ve made from our Electric Car DNA platform to our dedicated customer support and Roadside Assistance has been guided by one objective: giving riders complete confidence at every stage of their ownership journey.”

The experience Centre also has Raptee.HV T30, built on HV-TEC, compatible with the widely adopted CCS2 charging standard, the motorcycle gives riders access to more than 30,000 public charging points across India while also supporting fast home charging, making every day commuting and long-distance travel significantly more convenient.

Priced at INR 2.39 lakh (ex-showroom), the Raptee T30 delivers a 150 km real-world range and accelerates from 0-60 km/h in under 3.5 seconds. It is backed by an 8-year/80,000 km battery warranty, a 3-year vehicle warranty, dedicated customer support and Roadside Assistance, reinforcing Raptee. HV’s commitment to delivering an ownership experience built on trust.

Diamond Power Infrastructure (DPIL), an integrated manufacturer of power transmission and distribution equipment under the DICABS brand, has announced that it has received a Contract Confirmation / Letter of Award from Adani Energy Solutions (AESL) for the supply of AL59 aluminium alloy conductors for two of AESL’s transmission projects.

The award encompasses the design, engineering, manufacturing, testing, packing, dispatch and transportation, on a Delivery-at-Place (DAP) basis, of 1,050 km of AL59 Moose conductor for the Tuticorin Project and 3,770 km of AL59 Zebra conductor for the Pune-III Project.

The order is valued at INR 1,85,16,45,098/- (approximately INR 185.16 Crore) inclusive of packing, forwarding, freight and transit insurance and exclusive of GST aggregating to approximately INR 218.49 Crore including GST. The contract is on a variable-price basis linked to aluminium LME and USD/INR movements through an agreed price variation formula, and the realised value may therefore differ. Deliveries are scheduled between July 2026 and February 2027.

Commenting on the award, Kavish Shah, Vice President Corporate Strategy of Diamond Power Infrastructure, said, “continued confidence of a marquee customer in DPIL’s conductor manufacturing capability; the order builds on the Company’s existing relationship with AESL; supports visibility for FY27; and reflects the growth in India’s transmission capex cycle.”

Emmvee Photovoltaic Power Limited (NSE: EMMVEE; BSE: 544608) has reported its strongest-ever first-quarter performance for the quarter ended June 30, 2026, driven by higher production volumes, increased internal solar cell manufacturing and improved operational efficiencies across its expanded manufacturing base.

The company’s revenue from operations increased 51% year-on-year to ₹1,555.5 crore in Q1 FY27, compared to ₹1,027.8 crore in the corresponding quarter of the previous fiscal year. EBITDA grew 56% to ₹548.1 crore, while EBITDA margin expanded to a record 35.2% from 34.1% in Q1 FY26 and 32.8% in Q4 FY26. Profit after tax (PAT) more than doubled, rising 103% to ₹380.3 crore, with PAT margin improving to an all-time high of 24.2%.

Despite Q1 traditionally being a seasonally softer period for module dispatches, Emmvee delivered strong financial growth supported by enhanced manufacturing integration and operating leverage.

The company achieved its highest-ever quarterly production volumes during the quarter. Solar module production increased 53% year-on-year to 970 MW, compared with 635 MW in Q1 FY26, while solar cell production rose 26% to 454 MW from 360 MW during the same period.

The effective utilisation of solar cell capacity improved significantly to 83% in Q1 FY27, compared with 68% in Q1 FY26 and 79% in Q4 FY26. The improvement was driven by the continued ramp-up of integrated operations and higher consumption of internally manufactured cells, which contributed to margin expansion. Meanwhile, effective module capacity utilisation stood at 45%, providing sufficient capacity headroom for future volume growth.

As of the end of Q1 FY27, Emmvee had installed annual manufacturing capacity of approximately 10.3 GW for solar modules and 2.94 GW for TOPCon solar cells.

The company also witnessed strong demand momentum, securing order inflows of 1.48 GW during the quarter. This increased its order book to an all-time high of approximately 9.9 GW, providing strong revenue visibility for the coming quarters. The order book remains diversified across independent power producers, commercial and industrial customers, and other segments, with repeat customers accounting for 57% of the order base during the quarter.

Emmvee’s inclusion in the Approved List of Models and Manufacturers (ALMM) List II, implemented from June 2026, is expected to support demand growth as the framework mandates the use of domestically manufactured solar cells for applicable projects. The company expects this policy development to further accelerate its transition towards a fully DCR-compliant product portfolio.

Commenting on the performance, Mr. DV Manjunatha, Chairman & Managing Director, Emmvee Photovoltaic Power Ltd., said, “This is the strongest first quarter in Emmvee’s history, with both production volumes and margins at all-time-high. Our revenue, EBITDA and PAT growth reflects a clear improvement in the quality of our earnings, driven by deeper cell integration, operating leverage and disciplined execution.”

He added, “Our strong order book, the implementation of ALMM List II and our on-track 6 GW integrated expansion give us confidence as we enter the next phase of India’s solar manufacturing growth.”

The company’s 6 GW integrated TOPCon cell and module expansion project is progressing as planned. The module manufacturing line is expected to be commissioned by December 2026, while the cell line is targeted for commissioning by March 2027. Once completed, the expansion will increase Emmvee’s installed capacity to approximately 16.3 GW of modules and 8.9 GW of cells by early FY28.

The company has already placed equipment orders covering around 60% of the project’s total hard cost, with construction activities progressing as per schedule. Emmvee is also evaluating backward integration into ingot and wafer manufacturing through a proposed 9 GW facility planned in two phases.

With expanding manufacturing capacity, a strong order pipeline and increased focus on integrated solar production, Emmvee aims to strengthen its position in India’s growing domestic solar manufacturing ecosystem.

Powerica Limited, has emerged as a winning bidder in the e-Reverse auction conducted by Solar Energy Corporation Limited (SECI) for purchase of power through competitive bidding process from 2,000 MW grid-connected Wind Power Projects.

The company has successfully secured the bid for 100MW project. The electronic reverse auction was finalized on July 15, 2026, where Powerica Limited had submitted its competitive bid. The company’s discovered tariff was ₹3.85 per unit. The Letter of Award (LOA) is expected to be awarded within the stipulated timelines prescribed in the tender document.

Under the mandates laid out in the tender framework, Powerica Limited will enter into a Power Purchase Agreement (PPA) with the SECI.

Subsequent to Letter of Award, Powerica Limited will utilize its comprehensive in-house engineering capability to execute this project, ensuring delivery within the contractually prescribed tender timelines.

Sterling and Wilson Renewable Energy Limited (SWREL) (BSE Scrip Code: 542760; NSE Symbol: SWSOLAR), a leading home-grown renewable EPC, announced its results for the first quarter of FY27, which witnessed Unexecuted Order Value (UOV) reaching ~INR 13,000 crore, the highest UOV post Covid.

The quarter also witnessed a marquee international order which is a 50-50 joint venture with one of the leading contractors in Egypt and the MENA region valued at approximately USD 560 million for West Minya Solar Power Project in Minya Governorate, Egypt. This is a landmark mandate: a 1,000 megawatt-AC solar PV plant integrated with a 600 megawatt-hour battery energy storage system. Once complete, it will rank among Egypt’s largest utility-scale renewable developments.

The domestic EPC has been the Company’s growth engine with healthy Order Book position at ~INR 7,900 crore providing revenue and growth visibility with steady gross margins at ~9-10%.

Speaking on the results announcement, Mr. Chandra Kishore Thakur, Global CEO, Sterling and Wilson Renewable Energy Group, said, “We remain confident about our prospects because the company’s UOV is robust We expect this growth to reflect on the topline and bottom-line in the months ahead. The growing order book is a testimony to the confidence our customers repose in us. As a company, we are certain that our experienced and competent workforce will be able to deliver projects on schedule adhering to committed timelines.”

In addition to the unprecedented UOV, the company has a bid pipeline of over 27.7 GW and a business that
is now diversified across solar, wind, battery storage and third-party O&M.

Waaree Energy Storage Solutions Pvt Ltd (Waaree ESS), a subsidiary of Waaree Energies Limited, announced the commencement of its Battery Energy Storage System (BESS) Container Manufacturing Facility, which we believe marks the major milestone in building India’s integrated energy storage manufacturing ecosystem.

This BESS Container Manufacturing facility is of 5.15 GWh – uprated from an originally planned 3.5 GWh, driven by debottlenecking of production throughput and improved energy density of battery cells. The facility is equipped with advanced Industry 4.0 technologies, Automated Guided Vehicles (AGVs), intelligent material handling, automated assembly lines, and advanced testing and quality assurance systems. Designed for utility-scale and commercial & industrial applications, we believe the facility will deliver high-quality, reliable, and scalable energy storage solutions.

The BESS container facility is the first milestone in Waaree ESS’s manufacturing roadmap of 20 GWh. In the current financial year, we intend to operationalize below facilities

• 5.15 GWh of Battery Pack Manufacturing -uprated from an originally planned 3.5 GWh, driven by debottlenecking of production throughput and improved energy density of battery cells
• 3.5 GWh of Lithium Cell Manufacturing

Together, these facilities will create a robust domestic energy storage ecosystem, aiding India’s clean energy ambitions while reducing dependence on imported technologies.

As India rapidly expands solar and wind power, Battery Energy Storage Systems (BESS) have become critical for ensuring reliable, round-the-clock electricity. BESS enables renewable energy generated during the day to be stored and supplied during peak demand, improving grid stability, reducing renewable curtailment, and minimizing reliance on conventional peaking power plants.

Energy storage will play a pivotal role in supporting India’s renewable energy targets, enhancing energy security, and enabling a resilient, low-carbon power system.

Through integrated manufacturing of lithium cells, battery packs, and BESS containers, Waaree ESS is building comprehensive energy storage platforms. This investment supports the Government’s Make in India and Atmanirbhar Bharat initiatives while offering customers reliable, locally manufactured energy storage solutions with quality and faster delivery.

Speaking on the occasion, Mr. Sunil Rathi, Director, Waaree, said: “Battery Energy Storage Systems are the backbone of a renewable-powered future. As India accelerates its clean energy transition, reliable and domestically manufactured energy storage will be essential for ensuring grid stability, energy security, and sustainable growth.

The commencement of our advanced BESS container manufacturing facility is an important step towards building a fully integrated energy storage ecosystem. With planned capacities of 3.5 GWh lithium cells and 5.15 GWh battery packs, Waaree ESS is committed to delivering world-class, Made-in-India energy storage solutions that empower our customers and contribute to India’s vision of becoming a global clean energy manufacturing hub.”

Servotech Renewable Power System Ltd. (NSE: SERVOTECH), India’s leading solar solutions brand, has secured an order from the UPSRLM, Department of Rural Development, Government of Uttar Pradesh for the installation of Hybrid Solar Rooftop System with Battery Energy Storage System across multiple locations in Uttar Pradesh

Under the project, Servotech has been allocated 12 locations of 75 kW each with a total allocated capacity of 900 kW. Under the scope of the project, Servotech Renewable will be responsible for the design, supply, installation, commissioning, and Maintenance of Hybrid solar systems with BESS across the locations. The hybrid solar systems, integrated with battery energy storage, are designed to provide reliable and uninterrupted clean energy while reducing dependence on conventional power sources.

The project aligns with the state’s continued focus on decentralised renewable energy adoption and is expected to strengthen energy access across rural communities by promoting sustainable and resilient power infrastructure.

Commenting on the development, Sarika Bhatia, Whole-Time Director, Servotech Renewable Power System Ltd., said, “We are excited to work with the UPSRLM on this initiative. Reliable access to clean energy has the potential to transform rural communities, and we are proud to contribute to that vision through our hybrid solar solutions. This project reflects our commitment to delivering sustainable energy infrastructure that empowers communities while supporting state’s transition towards renewable energy excellence and accelerating the adoption of solar power across the country.”

The declaration gives global buyers independently verified environmental data for RAYZON Solar’s L’LIOS N-Type TOPCon module series, reinforcing the company’s position in ESG-led solar procurement.

RAYZON Solar Limited today announced the publication of its second internationally verified Environmental Product Declaration (EPD), covering its L’LIOS 610–650 Wp N-Type TOPCon 16BB Bifacial Glass-to-Glass photovoltaic module series. Registered under The International EPD System, the declaration reports a Global Warming Potential (GWP-total) of 0.393 kg CO₂e/Wp for Modules A1–A3.

The publication follows RAYZON Solar’s first EPD in May 2026 and reflects a broader shift toward independently verified environmental disclosure across the company’s product portfolio. For buyers, developers, EPC contractors, and investors, the declaration provides comparable life-cycle data at a time when environmental performance is increasingly built into supplier qualification, ESG reporting, and international procurement decisions.

RAYZON Solar operates an ALMM-listed production capacity of 11.31 GW across its Karanj and Sava manufacturing facilities in Gujarat. With two internationally verified EPDs now published, the company is strengthening its ability to compete in markets where product performance, manufacturing scale, and verified environmental transparency are assessed together.

Key Highlights

• RAYZON Solar’s second internationally verified EPD, following its first EPD published in May 2026.

• Covers the L’LIOS 610–650 Wp N-Type TOPCon 16BB Bifacial Glass-to-Glass series.

• Independently verified under ISO 14025, EN 15804+A2, ISO 14040, and ISO 14044.

• Registered under The International EPD System.

• Reports a Global Warming Potential (GWP-total) of 0.393 kg CO₂e/Wp for Modules A1–A3.

• Backed by an ALMM-listed production capacity of 11.31 GW across two manufacturing facilities in Gujarat.

Verified to the Standard Global Buyers Demand

The EPD is independently verified against ISO 14025, EN 15804+A2, ISO 14040, ISO 14044, and the applicable Product Category Rules. It is supported by a full Life Cycle Assessment covering the module’s footprint from raw material extraction through manufacturing, transportation, installation, use, and end-of-life.

For procurement teams, this turns sustainability from a broad claim into comparable product-level data. It allows RAYZON Solar’s modules to be assessed on the same verified basis increasingly used by national developers just like to their international counterparts, EPC contractors, institutional investors, and green building stakeholders.

A Verified Carbon Figure for Global Procurement

The declaration reports a Global Warming Potential (GWP-total) of 0.393 kg CO₂e/Wp for Modules A1–A3. This gives buyers a clear, third-party verified carbon figure for evaluating the L’LIOS N-Type TOPCon series within supplier scorecards, tender documentation, and ESG-linked procurement frameworks.

Beyond the headline figure, the declaration includes manufacturing process data, operational performance scenarios, material composition, and circularity considerations, creating a detailed evidentiary record for customers assessing environmental impact across the product life cycle.

Engineered for the Next Phase of Solar

The L’LIOS N-Type TOPCon bifacial series represents RAYZON Solar’s advanced module platform, combining N-Type TOPCon cell technology, glass-to-glass architecture, automated manufacturing, and multi-layer quality assurance. The product is part of RAYZON Solar’s ALMM-listed portfolio, supporting participation in India’s government-backed solar projects as well as export markets requiring verified environmental data.

A Global Market That Rewards Transparency

Across the United States, India, Europe, and other major solar markets, EPDs are becoming increasingly relevant to procurement specifications, ESG reporting frameworks, green building certifications, and supply chain due diligence. Buyers are no longer evaluating only technical performance and price; they are also assessing whether environmental claims are independently verified and comparable.

India’s solar ambitions add further urgency to this shift. As the country works toward 500 GW of non-fossil fuel electricity generation capacity by 2030, domestic manufacturers are being asked to compete on scale, technology, cost, and verified sustainability performance. RAYZON Solar’s second EPD supports that transition by expanding the company’s base of independently verified product-level disclosures.

Transparency as Strategy, Not a Milestone

RAYZON Solar treats EPD publication as part of an ongoing disclosure discipline rather than a one-time achievement. The company is continuing to measure, verify, and disclose environmental performance product by product as it scales its portfolio for domestic and international markets.

Leadership Perspective

“The global energy transition is built on performance, scale, and more importantly trust,” said Amit Barve, Chief Executive Officer, RAYZON Solar Limited. “Publishing our second internationally verified Environmental Product Declaration strengthens the verified data our customers need to make confident procurement decisions. For RAYZON Solar, sustainability is not a separate initiative; it is embedded in how we design, manufacture, and disclose transparently the impact of our products.”

From the ESG & Sustainability Team

“Every Environmental Product Declaration represents rigorous assessment, cross-functional collaboration, and independent verification,” said Krunal Rana, ESG & Sustainability Lead, RAYZON Solar Limited. “This second declaration expands RAYZON Solar’s portfolio of verified environmental information and helps customers make more informed sustainability decisions with confidence.”

REC Limited, a Maharatna CPSE under the Ministry of Power and a leading Infrastructure Financing NBFC, has successfully renewed its ISO 31000:2018 Letter of Recognition for Risk Management Guidelines following a comprehensive reassessment conducted by the British Standards Institution (BSI). The renewed recognition reaffirms REC’s commitment to maintaining globally benchmarked risk management practices and strengthening organizational resilience in an evolving business environment.

The reassessment exercise was undertaken by REC’s Risk Management Division to evaluate and enhance the organization’s Enterprise Risk Management (ERM) framework in line with evolving regulatory requirements, emerging business risks, industry best practices, and changing market dynamics. Following an extensive audit and evaluation process, BSI renewed REC’s Letter of Recognition for compliance with the principles and guidelines prescribed under ISO 31000:2018.

ISO 31000:2018 is an internationally recognized standard that provides principles, framework, and guidelines for effective risk management. It enables organizations to systematically identify, assess, monitor, and mitigate risks, thereby enhancing decision-making, improving governance, strengthening resilience, and supporting long-term sustainable growth.

REC had earlier achieved a significant milestone by becoming the first Indian Public Sector NBFC to receive recognition from BSI for compliance with ISO 31000:2018 Risk Management Guidelines in July 2025, demonstrating its pioneering approach towards institutionalizing a robust and enterprise-wide risk management culture.

GRE Renew Enertech Limited (BSE SME: GRERENEW) has crossed the milestone of 100 MWp of cumulative solar installations. The company’s current consolidated active order book stood at Approximately 75 MWp and with an Aggregate value of Approximately ₹ 224 crore, reflecting GRE’s accelerated growth.

The company also successfully commissioned the 7.20 MW (AC)/9.678 MW (DC) ground mounted solar power plant under the RESCO (OPEX) model. This plant was one of the key objectives for its IPO completed in January this year.

The growth in GRE’s order book has been driven by a series of new project wins during the first quarter of FY26-27. A major anchor of this business growth includes a recently secured ₹175 crore turnkey order from Solarium Green Energy Limited for a 50 MW AC/ 65 MW DC utility-scale, ground-mounted solar PV project based in Maharashtra. Notably, the aggregate value of this single contract is higher than GRE’s consolidated revenue from operations for FY 25-26 of ₹122.9 crore, reflecting the company’s transition toward higher-value projects.

The company also recently secured a ₹17.75 crore solar EPC contract, marking a cumulative EPC order totaling 75 MWp and worth Approximately ₹ 224 crore as at end of the first quarter of The Financial Year. This expanding order book significantly strengthens GRE’s growing portfolio of large-scale renewable energy projects and reflects its continued focus on delivering end-to-end clean energy infrastructure solutions.

Commenting on the developments, Mr. Kamlesh Patel, Managing Director, GRE Renew Enertech Limited Said, “Our recent order wins and business acceleration represent an important milestone in our journey as we push towards strengthening our presence in the utility-scale solar segment. The fact that our active order book value has outpaced our entire previous year’s consolidated revenues reflects the trust our customers place in GRE’s execution capabilities. As India’s renewable energy sector continues to witness strong momentum, we remain focused on building reliable clean energy infrastructure and driving sustained business growth for our stakeholders.”

On a consolidated financial basis, GRE has reported a Profit After Tax (PAT) of ₹13.6 crore (₹136 million) for the financial year ended March 31, 2026, reflecting a remarkable 3-year Compound Annual Growth Rate (CAGR) of 147%. The company’s operational highlights include the installation of over 100 MWp of solar capacity by June 2026. GRE operates through both EPC (CAPEX) and RESCO (OPEX) business models, serving on Captive and Non-Captive basis for industrial, commercial, and government customers. The EPC model generates revenue through execution contracts and annual Operations & Maintenance (O&M) service agreements, while the RESCO model focuses on long-term Power Purchase Agreements (PPAs) for recurring revenue. To support domestic clean energy supply chains, GRE will continue to prioritize the use of domestic solar modules and inverters across its project pipeline.