Rayzon Files for INR 1,500 Cr IPO to Expand Manufacturing Updated On Fri, Jun 27th, 2025 by Saurenergy Rayzon Solar, a Gujarat-based solar module manufacturer, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to launch an Initial Public Offering (IPO) worth INR 1,500 crore. The issue will be entirely a fresh equity offer, with no Offer For Sale (OFS) component by the promoters. The […] Read more
Bihar: Power Mech Bags Orders Under PM-KUSUM Scheme Updated On Fri, Jun 27th, 2025 by Saurenergy Hyderabad-based Power Mech Projects Ltd has secured orders from Bihar State Power Generation Company Ltd (BSPGCL) for the construction of grid-connected distributed solar power plants, the company said in a regulatory filing. Power Mech added, “The projects, with a cumulative capacity of 13.66 MW (AC), are expected to generate revenue of about ₹159 crore over […] Read more
Odisha To Meet 33% Of Its Power Needs Through RE By 2036 Updated On Wed, Jun 25th, 2025 by Saurenergy Odisha has attracted over ₹5 trillion in investments across manufacturing sectors over the past three years, with 14% flowing into green energy equipment and 8% into electric vehicles (EVs) and EV components. In its “Odisha Vision 2036 & 2047” document, the state outlined plans to meet at least 33% of its energy needs from renewables […] Read more
MERC to Examine Hybrid Power Connectivity Norms Updated On Wed, Jun 25th, 2025 by Saurenergy The Maharashtra Electricity Regulatory Commission (MERC) has ordered a detailed study into grid connectivity for hybrid renewable energy projects located across multiple sites, following a partial approval of a petition by UltraTech Cement Ltd. The Maharashtra Electricity Regulatory Commission (MERC) acted after UltraTech sought clarification on whether hybrid solar and wind projects could connect to […] Read more
TNGECL Awards 1,000 MWh BESS Tender To NLC, Bondada, Oriana Updated On Tue, Jun 24th, 2025 by Saurenergy Tamil Nadu Green Energy Corporation Ltd (TNGECL) has awarded contracts for its 500 MW/1,000 MWh standalone Battery Energy Storage System (BESS) project to NLC India Renewables Ltd (NIRL), Bondada Engineering, and Oriana Power. The auction, issued in March 2025, concluded within three months. The winning bidders will develop the BESS projects across six locations in […] Read more
Insolation Energy Ramps Up Manufacturing, Eyes ₹8,500cr Revenue Updated On Tue, Jun 24th, 2025 by Saurenergy Publicly listed solar module manufacturer Insolation Energy Ltd is aggressively expanding its manufacturing footprint and expects to more than sixfold its revenue to ₹8,500 crore by FY28, driven by demand from emerging sectors such as data centers, EV charging, and green hydrogen. “These industries will be game changers for solar in the coming years,” Manish […] Read more
NLC India Secures 500 MWh Energy Storage Project in Tamil Nadu Updated On Sun, Jun 22nd, 2025 by Saurenergy NLC India Renewables Limited (NIRL), a wholly owned subsidiary of NLC India Limited (NLCIL), has been awarded a 500 MWh Battery Energy Storage System (BESS) project by Tamil Nadu Green Energy Corporation Limited (TNGECL). The development marks the first large-scale energy storage initiative for NLCIL. The awarded contract includes the development of three standalone BESS […] Read more
Rajasthan: NVVN Awards Lowest Bid For 500MW/1GWh BESS At Rs 2.16L/MW/Month Updated On Sat, Jun 21st, 2025 by Saurenergy NTPC’s subsidiary, NVVN, has awarded a 500 MW/1,000 MWh battery energy storage system (BESS) tender to five developers, including Solar91 – Energizing India, Rays Power Experts Ltd, Rajasthan-based Stockwell Solar, TrueRE – Oriana Power, and new entrant INOX Renewable Solutions Limited. The BESS would be developed to the requirements of Rajasthan Urja Vikas (RUVITL/ Buying […] Read more
Waaree Not Moving Out of Odisha, It’s A Strategic Realignment: CEO Updated On Sat, Jun 21st, 2025 by Saurenergy In the wake of the company’s recent statement of changes in its original solar manufacturing plan, the top management of Waaree Energies has denied complete withdrawal of the firm from its projects in Odisha. The top management of the firm told Saur Energy the exercise was a “realignment to multiple geographies” to expedite their plan […] Read more
