Other

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MHI Invites Bids to Set Up Rare Earth Permanent Magnets Manufacturing

The Ministry of Heavy Industries has invited bids to establish domestic manufacturing capacity for sintered neodymium-iron-boron (NdFeB) rare earth permanent magnets,...

March 20, 2026

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Arjun Joshi

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Manufacturing

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Other

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Tenders & Auctions
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ILJIN Electronics to Raise ₹2.96 Billion from Amber Group Through Rights Issue

Greater Noida-headquartered energy storage solutions provider ILJIN Electronics plans to raise ₹2.96 billion (~$31.79 million) from its parent company, Amber Group,...

March 20, 2026

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Melvin Mathew

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Energy Storage

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Finance and M&A
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PFC to Raise ₹1.6 Trillion from Indian and Global Markets

State-owned lender to the energy sector, Power Finance Corporation’s (PFC) board has approved a plan to borrow up to ₹1.6 trillion (~$17.16 billion) from domestic and...

March 20, 2026

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Rakesh Ranjan

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Finance and M&A

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Other
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GAIL Invests ₹130 Million in JV with TruAlt to Develop Biogas Plants

Ethanol producer TruAlt Bioenergy’s subsidiary, Leafiniti Bioenergy, a compressed biogas (CBG) company, has received an investment of ₹130 million (~$1.4 million)...

March 20, 2026

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Parth Shukla

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Finance and M&A

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Renewable Energy
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Bluspring Acquires STEAG India Unit to Strengthen Energy Services

Integrated infrastructure services company Bluspring Enterprises has announced that its wholly owned subsidiary, Bluspring New Horizon One (BNHOPL), has executed a share...

March 20, 2026

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Meghana Prasad

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Finance and M&A

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Renewable Energy
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Maharashtra Aims to Meet 65% of its Power Needs from Renewables by FY 2036

Maharashtra aims to meet 65% of its power needs from renewable energy sources and has set a target for power distribution companies to procure energy storage capacity...

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HPERC Sets Himachal’s Free Power Rate at ₹2.73 /kWh for FY 2027

The Himachal Pradesh Electricity Regulatory Commission (HPERC) has set the rate for the sale of the state government’s free power to the Himachal Pradesh State...

March 20, 2026

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Arjun Joshi

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Markets & Policy

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Other

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Other Energy
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Daily News Wrap-Up: India Hit 119 GW Solar Module, 9 GW Cell Capacity in 2025

India added nearly 119 GW of solar modules and over 9 GW of solar cell capacity in 2025, according to Mercom India’s State of Solar PV Manufacturing in India 2026 report....

March 20, 2026

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Mercom Staff

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Daily Wrap-up

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Other
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Deendayal Port Invites Bids for Green Hydrogen Storage and Fuel-Cell Power Project

Deendayal Port Authority has invited bids to set up a metal hydride technology-based green hydrogen storage system with a capacity of at least 3 kg and fuel cell-based...

March 18, 2026

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Melvin Mathew

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Renewable Energy

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Tenders and Auctions
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India’s Non-Fossil Power Capacity Reaches 52.3% as of January 2026

India’s non-fossil energy sources have reached 52.3% of the country’s total installed power capacity of 520.5 GW as of January 2026, while thermal power continues to...

March 18, 2026

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Meghana Prasad

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Markets & Policy

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Renewable Energy

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Solar
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KKR to Invest Up to $310 Million in E-Bus Companies Allfleet and PMI Electro

Global investment firm KKR will invest up to $310 million (~₹28.63 billion) and form a partnership with electric bus (e-bus) platform Allfleet and e-bus manufacturer PMI...

March 18, 2026

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Melvin Mathew

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Electric Vehicles

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Finance and M&A
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CleanMax’s Income Rises 14% YoY in Q3 FY 2026

Clean energy solutions provider Clean Max Enviro Energy Solutions reported a total income of ₹4.66 billion (~$50.45 million) in the third quarter (Q3) of the financial...

March 18, 2026

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Arjun Joshi

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Finance and M&A

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Other
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Funding and M&A Roundup: MGA Thermal Secures $12 Million

From: Mercom Capital Group MGA Thermal, a provider of thermal energy-based long-duration energy storage systems, has secured A$17 million (~$12 million) in funding. The...

March 18, 2026

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Staff

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Finance and M&A

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Other
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Punjab Proposes Carry-Forward of Banked Energy for InSTS Open Access Projects

The Punjab State Electricity Regulatory Commission (PSERC) has proposed amendments to the Punjab State Electricity Regulatory Commission (Terms & Conditions for...

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Daily News Wrap-Up: Easing Group Captive Power Rules May Boost C&I Participation

The Ministry of Power’s relaxations, allowing group captive projects to meet the 51% consumption requirement collectively rather than based on the individual...

March 18, 2026

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Mercom Staff

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Daily Wrap-up

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Other

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