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Torrent Power zooms 7%, nears record high on signing MoU with Gujarat govt – EQ

In Short : Torrent Power’s stock surged 7%, approaching a record high after the company signed a Memorandum of Understanding (MoU) with the Gujarat government. The deal involves developing renewable energy projects in the state, further strengthening Torrent Power’s position in the green energy sector. The company’s ongoing efforts in expanding its clean energy portfolio […]

NGEL Inks JV Agreement with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) for development of RE & Green Hydrogen Projects in Rajasthan – EQ

In Short : NTPC Green Energy Limited (NGEL) has signed a joint venture agreement with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) to develop renewable energy and green hydrogen projects in Rajasthan. This collaboration aims to accelerate the growth of clean energy infrastructure, with a focus on enhancing the production of green hydrogen, solar, and […]

Hygenco enters into MOU with REC to finance Green Ammonia Project in Gopalpur, Odisha – EQ

In Short : Hygenco has signed a Memorandum of Understanding (MoU) with the Rural Electrification Corporation (REC) to finance its Green Ammonia Project in Gopalpur, Odisha. This project aims to produce green ammonia using renewable energy sources, contributing to India’s decarbonization goals. The partnership marks a significant step towards advancing green hydrogen and ammonia production, […]

REC Signs MoUs with Renewable Energy Firms for ₹1.12 Lakh Crore Projects – EQ

In Short : REC (Rural Electrification Corporation) has signed Memorandums of Understanding (MoUs) with various renewable energy companies to support projects worth ₹1.12 lakh crore. These agreements aim to accelerate the development of renewable energy projects, including solar, wind, and hybrid energy, and boost India’s green energy capacity. This initiative is part of REC’s efforts […]

India receives $386 billion financial commitment from financial institutions for green energy push – EQ

In Short : India has secured a $386 billion financial commitment from banks and financial institutions to boost its green energy initiatives. This investment is part of the country’s efforts to expand renewable energy capacity, aiming for 500 GW by 2030. The funds will help decarbonize the economy, accelerate clean electricity production, and address infrastructure […]

Torrent Power commits to Rs 64,000 crore investment in renewables by 2030 – EQ

In Short : Torrent Power has committed to investing ₹64,000 crore in renewable energy by 2030. The company aims to significantly expand its clean energy portfolio, aligning with India’s broader push for sustainability and the transition to greener power sources. This investment is part of Torrent Power’s strategy to contribute towards the country’s renewable energy […]