India's ACME Solar Launches QIP at Floor Price of INR 294.13
2026-06-03 11:20
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en.Wedoany.com Reported - ACME Solar has launched a Qualified Institutional Placement (QIP) with a floor price of INR 294.13 per share, aiming to raise funds from institutional investors to support the company's expansion plans, strengthen its balance sheet, and accelerate renewable energy project development.

Avaada Group has secured USD 950 million in financing to support the development of renewable energy projects in Rajasthan and Gujarat, with funds to be deployed in large-scale solar and hybrid energy facilities.

NTPC Green Energy has issued a tender for a 3,200 MWh Battery Energy Storage System (BESS) project at the Fatehgarh Solar Plant in Rajasthan, aimed at enhancing grid flexibility and improving renewable energy integration.

Servotech Renewable Power System has signed a Memorandum of Understanding with the Government of Haryana, planning to invest approximately INR 4 billion to expand its clean energy manufacturing operations, thereby strengthening domestic manufacturing capabilities and supporting the 'Make in India' initiative.

SWELECT Energy Systems has acquired a 26.6 MW solar power project in Karnataka by purchasing a Special Purpose Vehicle (SPV), to expand its own power generation capacity and renewable energy asset portfolio.

Power Finance Corporation (PFC) has announced the appointment of Shri V. Packirisamy as a Director, whose experience in the power and infrastructure sectors will help strengthen the company's leadership team and support energy transition financing.

POWERGRID has invited bids for a 200 MW / 800 MWh Battery Energy Storage System project in West Bengal, aimed at enhancing grid reliability and facilitating renewable energy integration.

The Uttar Pradesh Electricity Regulatory Commission (UPERC) has advanced the tariff approval hearing process for a proposed 215 MW solar project, with the next session scheduled for August 6, which will impact project implementation and the state's solar capacity addition.

POWERGRID has issued a tender seeking bids for a 250 MW / 1,000 MWh battery energy storage project in West Bengal, to support grid infrastructure modernization and higher renewable energy penetration.

NTPC Renewable Energy has invited bids to develop a 300 MW solar project in Rajasthan, as part of its strategy to expand its renewable energy portfolio.

ACME Solar has commissioned an additional 33.33 MW / 160.51 MWh of battery energy storage system capacity in Rajasthan, to enhance its operational storage portfolio and support grid stability.

KPI Green Energy has allotted approximately 331,000 equity shares under its Employee Stock Ownership Plan (ESOP), to increase paid-up capital and strengthen employee participation in long-term growth.

POWERGRID has issued a tender for a 100 MW / 400 MWh battery energy storage project in the Hooghly district of West Bengal, aimed at enhancing grid resilience and supporting renewable energy integration.

Adani Green Energy has commissioned a 50 MW solar power project in Khavda, Gujarat, bringing its operational renewable energy portfolio close to 20 GW.

The Maharashtra Urja Expo 2026 has opened in Nagpur, bringing together industry leaders, policymakers, technology providers, and investors from the clean energy ecosystem to showcase innovations in solar energy, energy storage, electric vehicle infrastructure, and energy efficiency.

Alpex Solar has issued a corrigendum to its financial results for fiscal year 2026, regarding disclosures related to the audited cash flow statement, to ensure transparency and regulatory compliance.

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