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Delhivery, India’s largest logistics service provider, and Bajaj Auto, the world’s most valuable two- and three-wheeler manufacturer, announced an agreement to deploy 200 Bajaj RIKI eCarts, across its last-mile delivery network, extending electrification to Tier-2 and Tier-3 cities. This deployment is the first phase of the partnership, with phase 2 planned for 2026 – 2027, totaling approximately 1500 Bajaj electric three-wheelers (L3 & L5). The official flag-off took place today at Bajaj Auto, in Akurdi, Pune.

The collaboration represents a significant step forward in the modernization of urban logistics, combining Bajaj Auto’s proven expertise in electric mobility; with Delhivery’s tech-led operational scale. Designed for demanding last-mile operations, the Bajaj RIKI eCart delivers the reliability, durability and up time that fleet operators require to keep businesses moving.

Equipped with an efficient Electric Powertrain, a 2 speed automatic transmission and low maintenance costs, the Bajaj Riki C4005 (eCart) significantly reduces operating costs per kilometer while providing excellent load-ability. When combined with Delhivery’s automated route optimization, delivery partners can complete more drop-offs per trip. This operational efficiency translates directly into a sustainable, reliable increase in daily take-home earnings for last-mile delivery partners.

Prashant Gazipur, Chief Operating Officer, In-City Operations at Delhivery, said,”Our collaboration with Bajaj Auto addresses the economic well-being of our delivery partners while advancing both our environmental goals and those of our clients. By combining our intelligent routing systems with highly efficient cargo EVs, we are creating a more profitable model for our riders and offering our clients a cleaner, lower-carbon supply chain. Furthermore, this deployment across metros and emerging tier 2 and below markets ensures our last-mile network is physically safer, financially more rewarding, and supportive of shared ESG commitments.”

Samardeep Subandh, President, Intra-City Business at Bajaj Auto, added,”This partnership with Delhivery has the potential of transforming last mile cargo transport, with Delhivery’s scale and technology and Bajaj Auto’s expertise in 3-wheeler electric mobility. With this partnership we are launching the Bajaj Riki C4005 (eCart). The Bajaj Riki C4005 offers 100+ kms of range on a single charge, excellent reliability and durability along with better comfort and ergonomics for drivers. Partnering with Delhivery has the potential to make an impact on last mile logistics not only across metros but also Tier-2 and Tier-3 cities.”

Beyond operational efficiencies, the transition to 3W EVs directly elevates the standards of driver welfare and safety in the gig economy. The newly deployed vehicles feature ergonomic seating, protecting delivery riders from extreme seasonal weather and reducing physical fatigue in heavy traffic. Furthermore, it allows delivery partners to transport larger, high-density payloads safely, securely, and with minimal physical strain.

From an environmental perspective, replacing internal combustion engines with electric power eliminates tailpipe emissions in highly congested municipal areas. This deployment supports Delhivery’s broader commitment to fleet electrification, actively reducing the company’s Scope 3 greenhouse gas emissions in line with its long-term environmental, social, and governance (ESG) targets.

Equipped with advanced battery management systems for extended urban range, the cargo EVs support consistent, all-day delivery schedules. This initiative highlights Delhivery and Bajaj Auto’s commitment to commercial efficiency, driver welfare, and environmental responsibility in logistics operations.

Yash Highvoltage Limited (“Yash” or the “Company”), a leading manufacturer of transformer bushings for the power generation, transmission and distribution sector, today announced the approval of a preferential issue aggregating up to approximately ₹151 crore, subject to shareholder and other requisite statutory and regulatory approvals.

The Board has approved the issuance of up to 12,62,131 equity shares and 8,32,177 convertible warrants, each warrant convertible into one equity share of the Company, at an issue price of ₹721 per security, aggregating up to approximately ₹151 crore.

The proposed issue has attracted participation from a distinguished group of institutional investors, family offices and long-term and reputed investors, reflecting strong confidence in the Company’s business model, technological capabilities, and long-term growth strategy.

The proposed proceeds from the issue are intended to support the Company’s next phase of growth through expansion of manufacturing and testing infrastructure, enhancement of existing facility’s capabilities, and strengthening of its position in the power equipment ecosystem.

A key focus area of the proposed investment is the expansion of the Company’s Resin Impregnated Paper (“RIP”) bushing manufacturing facility from the originally envisaged 245 kV range to the 550 kV category. This strategic initiative is expected to position Yash among a select group of manufacturers capable of serving the extra-high voltage transmission segment and significantly expand its addressable market

The proposed investments will support the establishment of advanced assembly and testing infrastructure, including high-voltage testing facilities and specialized equipment required for the development, validation and qualification of 550 kV RIP bushings. The Company also plans to invest in engineering, product development and certification capabilities to meet global standards and address opportunities across domestic and international markets.

In addition, Yash intends to undertake a brownfield expansion of its existing Oil-Impregnated Paper (“OIP”) bushing manufacturing facility to cater to growing demand from transformer manufacturers, utilities and power infrastructure developers. The proposed investments are expected to enhance manufacturing scale, broaden the Company’s product portfolio and strengthen its technological capabilities.

India’s power generation and transmission sector is witnessing significant investments driven by renewable energy integration, grid modernization initiatives and rising electricity demand owing to rapid industrialization and urbanization, data centre and EV infrastructure among other developments. With these increasing investments, the Company believes it is well positioned to capitalize on long-term industry tailwinds and strengthen its presence across domestic and export markets.

Management Commentary Mr. Keyur Shah, Chairman & Managing Director, Yash Highvoltage Limited, said, “The proposed fund raise marks an important milestone in Yash Highvoltage’s growth journey. We are grateful for the confidence shown by investors, whose support reinforces our conviction in the long-term opportunities emerging within the power generation and transmission sector.”

“The proposed capital raise of approximately ₹151 crore through a combination of equity shares and warrants will provide the Company with the flexibility to execute its strategic growth initiatives while maintaining a prudent capital structure. Our planned expansion into the 550 kV RIP bushing segment represents a transformational opportunity for the Company. The proposed investments will strengthen our manufacturing and testing capabilities, expand our product portfolio and enable us to participate in a significantly larger share of the high-voltage and high-current power equipment market.”

“Combined with the expansion of our OIP bushing manufacturing capacity and continued investments in technology, engineering and product development, we believe these initiatives will create a strong platform for sustainable long-term growth, enhance our competitive positioning and deliver long-term value for all stakeholders.”

Marking five years of robust operational growth since its inception in June 2021 with just three scooters, EV mobility and fleet solutions platform Bijliride has achieved massive milestones, deploying over 5,000 electric two-wheelers and completing more than 12.2 crore green kilometres across India.

Currently operational across Hyderabad, Delhi, Mumbai, Pune, and Bengaluru via a tech-enabled hub-and-spoke model, the platform has surpassed 200,000 app downloads and served over 30,000 customers and gig workers. It has firmly cemented itself as a critical infrastructure partner for top last-mile and quick-commerce players like Zepto, Zomato, Swiggy, Rapido, BlinkIt, BigBasket, Apollo 24/7, Rebel Foods, Tata 1mg, Shadowfax, Pronto, Flipkart Minutes, and Amazon Now. To support this continuous scale, Bijliride has built an integrated ecosystem alongside OEM partners like BGauss, charging network players Bolt. Earth and DeCharge, swapping station operators like Indofast Energy (Sun Mobility), and startup enablers like T-Hub.

This rapid fleet utilisation over the past five years has driven significant financial growth, with company revenue surging to ₹18 crore in FY2025, up from ₹10 crore in FY2024, and setting a clear revenue target of ₹44 crore for its next scaling phase. This upward trajectory is powered by its proprietary full-stack technology platform, which integrates rental, fleet, and rider management with advanced operational intelligence, backed by a robust 24×7 roadside support network that has successfully executed over 29,665 battery swaps and 7,064 battery deliveries. Millions of these sustainable deliveries have been successfully executed on the ground through the implementation of its ‘Project Udaan’ initiative.

The environmental and socio-economic impact of Bijliride’s operations remains a core pillar of its five-year success. To date, the electric fleet has offset 70.3 lakh kg of CO₂ emissions and saved 30.4 lakh litres of fuel. This transition has allowed gig workers to collectively save ₹32.8 crore in fuel and maintenance costs, translating to direct monthly savings of ₹8,000 to ₹15,000 per rider compared to standard petrol vehicles. Furthermore, promoting social sustainability and inclusive growth, Bijliride collaborated with the Telangana Women Safety Wing (WSW) and the MOWO (Moving Women) organisation for the ‘Stree Ride’ campaign, providing women with vehicles, tech, and specialised training to safely enter the delivery workforce.

“Five years ago, we started with just three scooters and a simple belief that electric mobility should be accessible to everyone,” said Shivam Sisodiya, Founder & CEO of Bijliride. “Today, seeing thousands of riders, delivery partners, and businesses benefiting from our platform gives us immense satisfaction. We are grateful to our customers, partners, investors, and team members who have been part of this journey. The next five years will be about building India’s most trusted and scalable mobility ecosystem while accelerating the transition towards sustainable transportation.”

Looking ahead, Bijliride enters its next phase of aggressive expansion. By December 2026, the company aims to establish a stronger footprint across multiple Tier-1 and Tier-2 cities, including upcoming deployments in Chennai and Delhi NCR, targeting over 10,000 electric vehicles on the road in collaboration with more than 50 franchise partners. This expansion serves as a stepping stone toward the company’s long-term 2030 vision, which targets the deployment of more than 1,00,000 electric two-wheelers across India to serve 2.5 million users.

Nextpower™ announced it has entered into a definitive agreement to acquire Zimmermann PV-Steel Group, a Germany-based solar technology provider with more than 20 gigawatts (GW) deployed and a deep market presence in Germany, one of Europe’s largest solar markets.

Zimmermann was founded in 1950 and expanded into the solar industry in 2009, delivering more than 2,500 solar projects across 58 countries. By broadening its product portfolio and deepening its regional presence, this acquisition will accelerate Nextpower’s ability to deliver world-class support and comprehensive solutions to solar developers and EPC customers across Europe. The total consideration for the transaction is comprised of cash and stock of up to €330 million, or approximately $378 million based on exchange rates as of June 20, 2026, and is subject to customary closing conditions including required regulatory review. The transaction is expected to close in the second half of Nextpower’s fiscal 2027.

“This transaction represents the next chapter for Nextpower internationally,” said Dan Shugar, founder and CEO of Nextpower. “With Zimmermann, we will significantly expand our product platform and add complementary market presence and supply chain capability in Europe and beyond. Zimmermann’s structural solutions, including fixed tilt, carports, high-density trackers, innovative agriPV solutions, and floating PV will expand our European portfolio to support a broader range of land-use, permitting requirements, and regional use cases. We see a clear opportunity to combine Zimmermann’s strong product engineering and execution capabilities with Nextpower’s bankability and complete product platform to better meet the needs of customers in Europe and accelerate profitable international growth.”

“Zimmermann has built its business by staying customer-focused and delivering high-quality engineered solutions for specific project needs,” said Robert Zimmermann, owner and CEO, Zimmermann. “In Nextpower, we see a partner with highly complementary technologies, geographic footprint, and customer focus. They bring scale and complementary solutions and capabilities that will help us serve our customers more broadly while preserving the local relationships and engineering focus that have defined our business. We see this as an exciting next chapter for our company and employees, as well as for our customers, suppliers, and partners across Europe.”

Fixed tilt represents approximately 50 percent of Europe’s utility PV market today, according to S&P Global, especially in markets such as Germany, France, and Poland. This transaction, together with Nextpower’s recent international launch of NX Gemini™, a two-in-portrait (2P) tracker, is expected to more than double Nextpower’s addressable GW opportunity in Europe.

Following the transaction close, the company is expected to operate as “Zimmermann PV, a Nextpower Company,” preserving continuity for customers, employees, and regional market relationships while enabling the business to scale through Nextpower’s global footprint.

To learn more about this announcement, see Nextpower’s investor presentation or visit the Nextpower stand 580 (Hall A5) at The Smarter E Europe and Intersolar Europe tradeshow being held in Munich from June 23-25.

Adjusted EBITDA excludes interest expense, adjustment for taxes, depreciation, stock-based compensation, net intangible amortization, and acquisition-related costs. A quantitative reconciliation of adjusted EBITDA to the most comparable GAAP measure, net income, is not available without unreasonable efforts.

Renewable energy developer Juniper Green Energy has commissioned 82 MW of wind power capacity in Gujarat, including the deployment of one of the country’s largest onshore wind turbines, marking another milestone in its expanding renewable energy portfolio.

The newly commissioned capacity forms part of the company’s wind projects in Devbhumi Dwarka district, a key wind energy hub in Gujarat. The commissioning includes advanced high-capacity turbines designed to improve energy generation efficiency and optimize land utilization compared with earlier generations of wind technology.

A notable feature of the project is the installation of a 4.2 MW wind turbine equipped with a 182-metre rotor diameter, among the largest wind turbine configurations deployed in India to date. The larger rotor sweep enables higher energy capture, particularly in low and medium wind regimes, improving project economics and annual energy output.

The commissioning contributes to Juniper Green Energy’s broader renewable energy expansion strategy in Gujarat, where the company has been rapidly adding solar, wind and hybrid generation assets. Earlier this month, the company announced the commissioning of more than 305 MW of renewable energy capacity in the state, comprising both solar and wind projects developed under power purchase agreements with Gujarat Urja Vikas Nigam Limited (GUVNL).

The latest addition reflects a growing trend in India’s wind sector towards larger and more efficient turbine platforms. Developers are increasingly adopting high-capacity turbines with larger rotor diameters and taller hub heights to maximize generation and improve project viability, particularly as the industry moves towards utility-scale deployments and hybrid renewable energy projects.

Juniper Green Energy has emerged as one of the country’s fastest-growing renewable energy developers, with a portfolio spanning solar, wind, hybrid and firm-dispatchable renewable energy (FDRE) projects. The company continues to expand its operational and under-construction capacity as India accelerates its transition towards cleaner sources of power generation.

The commissioning of the 82 MW wind capacity further strengthens Gujarat’s position as a leading renewable energy state and underscores the increasing role of next-generation wind turbine technology in supporting India’s clean energy ambitions.

RDB Infrastructure and Power Limited has completed the acquisition of a solar power special purpose vehicle (SPV) for ₹90 lakh, strengthening its presence in the renewable energy sector and expanding its portfolio of operational solar assets.

The transaction involves the acquisition of Arankam Green Energy Solution, an SPV that owns a 6.3 MW solar power project located in Saharanpur, Uttar Pradesh. Following the completion of the deal, RDB Infrastructure will hold 100 per cent ownership of the entity.

The company had signed a binding term sheet for the acquisition in April 2026, with the purchase consideration fixed at ₹90 lakh through a cash transaction. The acquired SPV has an existing power sale arrangement with the state’s electricity distribution network, providing an operational renewable energy asset within RDB’s growing clean energy business.

The acquisition forms part of RDB Infrastructure’s broader strategy to diversify beyond its traditional infrastructure and real estate activities and establish a stronger foothold in the renewable energy segment. Over the past year, the company has undertaken multiple investments in solar-focused entities and projects as it builds a dedicated green energy portfolio.

The move comes at a time when demand for operational solar assets remains strong, driven by India’s renewable energy expansion plans and increasing interest from infrastructure companies in long-term clean energy investments. Operational projects offer immediate generation capacity and revenue visibility compared with greenfield developments.

The acquisition of the Uttar Pradesh-based solar SPV adds generation capacity to RDB Infrastructure’s renewable energy portfolio and aligns with the company’s ongoing efforts to increase its participation in the country’s energy transition.

Desco Infratech Limited announced that its wholly owned subsidiary, Desco Biogreen Private Limited, has successfully commissioned Phase-I of a 5 tonnes per day (TPD) Compressed Biogas (CBG) plant, marking the company’s entry into the operational stage of the bioenergy business.

The project represents a significant milestone for Desco Biogreen, which was established to expand the group’s presence in the renewable energy and waste-to-energy sectors. The facility has been developed to convert organic waste into compressed biogas, a cleaner alternative fuel that can be used in transportation, industrial applications and city gas distribution networks.

Phase-I commissioning signifies that critical plant infrastructure and processing systems have become operational, enabling the facility to commence biogas production activities. The project is designed with an ultimate production capacity of 5 TPD of CBG, contributing to India’s broader efforts to increase domestic production of renewable gaseous fuels under initiatives such as SATAT and GOBARdhan.

Compressed biogas has emerged as an important component of India’s energy transition strategy because it can be produced from agricultural residues, organic waste, industrial by-products and other biodegradable feedstocks while simultaneously addressing waste management challenges. The fuel can be supplied through existing gas distribution infrastructure and used as a substitute for conventional fossil-based fuels.

For Desco Infratech, the commissioning marks a diversification beyond its traditional infrastructure businesses, which include city gas distribution, power distribution and utility infrastructure projects. The company has been expanding its footprint in the renewable energy segment through its subsidiary platform and investments in bioenergy projects.

The successful completion of Phase-I is expected to pave the way for subsequent stages of development and commercial operations at the facility. As India’s CBG ecosystem continues to expand, projects of this nature are expected to play an increasingly important role in supporting cleaner energy production, rural income generation and circular economy initiatives.

The original stock exchange disclosure contains additional plant-specific details. If you share the full ScanX article or BSE filing, I can rewrite this in a much more precise ET Infra-style format with exact location, feedstock, commissioning scope and commercial details rather than a generic corporate update.

Solarium Green Energy Limited has received a Letter of Award (LOA) for a ₹186.525 crore solar EPC subcontract related to a 50 MW AC / 65 MW DC Solar PV project in Maharashtra. The award was issued on June 22 and pertains to a project being developed under Maharashtra State Power Generation Company Limited (MAHAGENCO).

The contract covers the complete engineering, procurement and construction (EPC) scope for the solar power project, making Solarium Green Energy responsible for end-to-end execution of the facility. In addition to project development, the company will provide operation and maintenance (O&M) services for a period of 36 months following commissioning.

According to the company’s disclosure, the total contract value stands at ₹186.525 crore, excluding GST. The project has been classified as a domestic order and will be executed under the terms of a definitive agreement to be signed between the concerned parties.

The solar facility will have a generation capacity of 50 MW AC and 65 MW DC, reflecting the growing scale of utility-scale renewable energy projects being developed across Maharashtra. The state continues to expand its solar portfolio through public-sector agencies as part of broader efforts to increase clean energy capacity and diversify its power generation mix.

The order strengthens Solarium Green Energy’s execution portfolio in the utility-scale solar segment and adds a significant project to its renewable energy pipeline. The company has been active in EPC services across solar installations, supporting India’s ongoing transition towards cleaner sources of power generation.

NLC India Limited and Indian Oil Corporation Limited have signed a Memorandum of Understanding (MoU) to jointly explore opportunities in the renewable energy sector and support India’s clean energy transition.

The agreement aims to leverage the strengths of both public sector enterprises in developing renewable energy projects, including solar, wind, energy storage and other emerging clean energy technologies. The collaboration is expected to focus on identifying commercially viable projects and evaluating opportunities across the renewable energy value chain.

Under the MoU, the two companies will assess the feasibility of forming joint ventures and strategic partnerships for the development of green energy assets. The partnership will also explore opportunities related to green hydrogen, green ammonia, battery energy storage systems and other low-carbon technologies that are gaining importance in India’s energy landscape.

NLC India, traditionally known for its lignite mining and thermal power operations, has been expanding its renewable energy portfolio in recent years through investments in solar and wind power projects. Indian Oil, meanwhile, has been pursuing diversification beyond conventional fuels through investments in renewable energy, biofuels, hydrogen and electric mobility infrastructure.

The collaboration aligns with the broader strategy of both companies to support India’s target of increasing non-fossil fuel-based power generation capacity and achieving long-term decarbonisation goals. By combining NLC India’s experience in power generation with Indian Oil’s extensive infrastructure network and energy sector expertise, the companies aim to accelerate the development of sustainable energy solutions.

The MoU reflects the growing trend of collaboration among public sector enterprises to develop large-scale renewable energy projects and emerging green technologies. As India’s energy demand continues to grow, such partnerships are expected to play an important role in expanding clean energy capacity while supporting the country’s energy security objectives.

The companies will now identify specific projects and business opportunities for further evaluation under the framework of the agreement, paving the way for potential investments in renewable and green energy infrastructure across the country.

DEE Development Engineers Limited (DDEL) has announced that its wholly owned subsidiary, DEE Fabricom India Private Limited, has received a manufacturing order worth approximately ₹64 crore (inclusive of GST) from Ganeko Solar Private Limited.

According to the company’s regulatory filing, the order involves the manufacturing of 15 EN156 Envision make windmill towers, each weighing 353 metric tonnes, for 3.3 MW wind turbines. The contract has been awarded by a domestic entity and is scheduled for execution by January 2027.

The payment terms for the order include 25% advance against a reducing balance Advance Bank Guarantee (ABG), 55% upon material readiness, and the remaining 20% within 15 days from invoice issuance. The contract also includes a 24-month warranty from ex-works readiness.

DEE Development Engineers stated that the order is of substantial value for its wholly owned subsidiary and further strengthens its presence in the growing renewable energy manufacturing segment.

The company clarified that neither the promoter group nor related entities have any interest in the awarding company, and the contract does not fall under related-party transactions.

The order underscores increasing demand for domestically manufactured wind energy infrastructure as India continues to expand its renewable energy capacity and strengthen its clean energy ecosystem.