Surat-based Cosmic PV Power has filed its draft red herring prospectus with SEBI for a proposed ₹640 crore IPO. The issue is expected to include a fresh issue of ₹540 crore and an offer for sale of ₹100 crore. The planned proceeds are aimed at capacity expansion, working capital needs, and broader corporate growth.
Neuron Energy has entered the grid-scale storage segment with a ₹100 crore BESS manufacturing facility in Talegaon, Maharashtra. Spread across 7 acres, the automated plant is designed to produce containerised storage systems and is expected to reach 5 GWh annual capacity, with potential output of up to 1,000 BESS units each year.
India is widening its carbon capture and utilisation portfolio with projects operating and advancing across multiple states. Reported examples include NTPC’s 3,000 TPA CO₂-to-methanol facility in Madhya Pradesh, a 60,000 TPA capture plant in Tamil Nadu, and JSW Steel’s 500 TPD unit in Maharashtra. The trend highlights growing interest in industrial decarbonisation pathways.
The Technology Development Board has backed Indigenous Energy Storage Technologies for a project focused on commercialising bio-waste-derived hard carbon for sodium-ion batteries. The initiative aims to build domestic capability in advanced anode materials using agricultural and bio-waste, supporting more cost-effective, sustainable, and self-reliant battery manufacturing as India broadens its next-generation storage supply chain.
India is strengthening regional power cooperation through cross-border projects and strategic MoUs with neighbours including Nepal, Bhutan, Bangladesh, Myanmar, and Sri Lanka. According to the Ministry of Power, the collaborations span power trade, grid interconnections, and energy efficiency, with Indian CPSEs such as NHPC, NTPC, Powergrid, and SJVN participating in these partnerships.
Himachal Pradesh Power Corporation has floated a tender for the Dabhota-I solar-plus-storage project in Solan. The project includes a 9 MW AC solar PV plant integrated with a 3.15 MW / 6.3 MWh battery energy storage system. Issued through a national open competitive process, the tender reflects growing state-level interest in hybrid renewable infrastructure.
The Ministry of Power reported that renewable electricity generation reached 2,83,621 million units in FY2025-26 up to February 2026, up from 2,55,009 MU in FY2024-25 and 1,47,247 MU in FY2020-21. The ministry also projected 507 GW of non-conventional power capacity by 2032, reinforcing the scale of India’s clean energy expansion.
Spray Engineering Devices Limited is set to deploy a 340 KLD zero liquid discharge system with 94% recovery at a solar PV plant in Gujarat. The development points to rising emphasis on water efficiency and process sustainability in solar manufacturing and industrial operations, as developers increasingly align renewable expansion with resource-efficient infrastructure.
NTPC reported strong FY26 operating performance, generating 432.2 billion units of electricity and commissioning a record 9,619 MW of new capacity during the year. The company said the additions strengthened India’s energy backbone across both conventional and renewable segments, while also underscoring its expanding green portfolio and broader transition strategy.
INOX Air Products Private Limited has commissioned an ultra-high-purity liquid oxygen plant in Tamil Nadu to support solar and semiconductor manufacturing. The move highlights the growing importance of industrial gas infrastructure in enabling advanced manufacturing ecosystems, especially as India scales domestic capacity in clean energy equipment and semiconductor-linked production.
Solarworld Energy Solutions has secured a 200 MW AC BOS contract from NTPC Renewable Energy for a solar PV project in Bikaner, Rajasthan. The scope includes BOS execution and three years of O&M, with contract value reported at about ₹267.53 crore. The company also won two BESS EPC orders from NTPC for thermal station installations.
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