Mahindra Susten has achieved financial closure for its 150.80 MW group captive hybrid renewable energy project in Maharashtra, securing ₹875 crore in debt financing from India Exim Bank. Under the financing agreement, India Exim Bank will act as the sole lender, providing the project’s entire debt requirement through its Sustainable Finance Programme. The project is…
Exide Industries Limited has invested ₹199.99 crore in its wholly owned subsidiary, Exide Energy Solutions Limited (EESL), through a rights-based equity subscription. The investment will support the development of EESL’s greenfield, multi-gigawatt lithium-ion cell manufacturing facility in Bengaluru, Karnataka. The investment was completed on August 18, 2026, with EESL allotting 57,142,857 equity shares to Exide…
GameChange Energy has broken ground on a new 300,000-square-foot Extra-High Voltage (EHV) transformer manufacturing facility in Mumbai, marking a major expansion of its power infrastructure manufacturing capabilities. The new facility will manufacture EHV power transformers rated up to 300 MVA and 500 kV, with planned annual production capacity of 150 medium- to large-sized transformers. Production…
Freyr Energy has launched a new range of silicon carbide (SiC)-based solar inverters designed for residential applications in India, expanding its rooftop solar technology portfolio. The new inverters are designed to deliver efficient power conversion while supporting reliable performance in residential solar installations. SiC-based power electronics can enable lower switching losses and improved thermal performance,…
