In Short : The Supreme Court has ordered all states and Union Territories to clear power distribution companies’ (DisComs) regulatory dues within four years, starting April 2024. New dues must be settled within three years. This ruling mandates cost-reflective tariffs, likely causing a rise in electricity bills across India, while ensuring financial stability and accountability […]
India Builds Robust 48 GW Green Power Highway, Paving Way for Renewable Future – EQ
In Short : India has completed 48 GW of inter-state transmission capacity dedicated to renewable energy, with 159 GW more under development. This forms part of a 340 GW network plan to evacuate 230 GW of green power. Backed by the Green Energy Corridor and National Electricity Plan, this initiative strengthens India’s grid for its […]
Inox Wind Merger Clears NCLT Hurdle, Paving Way for ₹2,050 Crore Debt Reduction – EQ
In Short : The National Company Law Tribunal has approved the merger of Inox Wind Energy Ltd with Inox Wind Ltd. Shareholders will get 632 IWL shares for every 10 IWEL shares. The merger will reduce Inox Wind’s liabilities by ₹2,050 crore, strengthen its balance sheet, and boost operational efficiency, marking a strategic step in […]
Axis Energy Secures Green Light for 400 MW Hybrid Push, Paving Way for Andhra’s Clean Power Future – EQ
In Short : Axis Energy has received APERC approval for 400 MW of wind-solar hybrid projects in Andhra Pradesh through four SPVs. These projects, aligned with the state’s BBB scheme, aim for high efficiency and stable tariffs. The initiative supports Andhra’s 2030 renewable energy targets, promotes job creation, and boosts clean energy innovation in the […]
Indian Exchanges Seek SEBI Approval for E-Futures, Paving Way for Electricity Derivatives – EQ
Major Exchanges Propose Launch of Electricity Derivatives to SEBI The National Stock Exchange (NSE) and Multi Commodity Exchange (MCX) have officially submitted proposals to the Securities and Exchange Board of India (SEBI) seeking approval for launching electricity derivative contracts. The proposal, which was submitted last month, marks a significant step towards introducing financial electricity derivatives […]
