MNRE Allows Discoms To Use Surya Ghar Funds For BESS And Grid Upgrades

03 Aug 2026 CW Team

The Ministry of New and Renewable Energy (MNRE) has authorised distribution companies, or DISCOMs, to use unspent incentives under the PM Surya Ghar rooftop solar scheme for investments in battery energy storage system (BESS) and grid upgrades. The measure allows the transfer of remaining beneficiary balances from household solar accounts to support distribution network strengthening and storage deployment. The change aims to improve utilisation of sanctioned incentives and speed the integration of distributed renewable generation.

The abbreviation BESS will be used for battery energy storage system throughout the notification. The ministry indicates that BESS installations will store surplus rooftop solar output and release it during peak demand, while targeted network works will address bottlenecks and voltage variability. The approach will help to streamline project finance and shorten delays in connecting distributed resources.

Under the arrangement, DISCOMs will be able to aggregate unspent household balances and allocate them to locally prioritised projects that strengthen distribution feeders and improve system resilience. The move is intended to lower non technical losses and support more predictable load management as distributed resources expand. Implementing agencies are to maintain beneficiary consent records and digital accounting to reconcile transfers.

The ministry frames the decision as part of a broader effort to accelerate clean energy adoption and to meet national renewable targets. Stakeholders will be required to follow eligibility criteria and reporting norms that aim to protect household beneficiaries while enabling scaled deployment of storage and grid works. The policy is designed to support smoother integration of household solar without imposing additional financial burden on beneficiaries.

Infrastructure Urban

03 Aug 2026

BPTP Appoints Sanjay Sharma as Chief Operating Officer

BPTP Limited has appointed Sanjay Sharma as Chief Operating Officer to lead its Project Development function across residential, commercial and township projects.In his new role, Sharma will oversee end-to-end project delivery, including contracts and procurement, planning, safety, quality, cost management and schedule control.He brings more than three decades of experience in real estate development and large-scale project execution. His experience spans residential, commercial and township developments, with a focus on delivering complex projects within quality and timeline requirements.Befo..

Vedanta Aluminium Q1 PAT Surges 205% to Rs 6,597 Crore

Vedanta Aluminium Metal Limited reported a 205 per cent year-on-year increase in profit after tax to Rs 6,597 crore for the quarter ended June 2026, marking its first quarterly results as an independent entity.The company’s board approved an interim dividend of Rs 8 per equity share, involving a cumulative payout of more than Rs 3,000 crore.Revenue rose by 45 per cent year-on-year and 13 per cent quarter-on-quarter to a record Rs 21,105 crore, supported by higher volumes, improved realisations and marketing contributions.EBITDA increased by 134 per cent year-on-year and 24 per cent sequentia..

Royal Green Realty Appoints Deepak Khemchandani as CFO

Royal Green Realty has appointed Deepak Khemchandani as its Chief Financial Officer to strengthen the Gurugram-based developer’s financial strategy and support its sustainable growth plans.Khemchandani brings more than 24 years of experience across finance, accounting, business planning, treasury, taxation, investor relations and financial strategy.He has previously held leadership roles at real estate companies including Jindal Realty, Orris Infrastructure, Shipra Group, AlphaCorp Group and Splendor Landbase. His experience covers financial transformation, capital structuring, regulatory co..