Godrej Properties cancels Rs 700 cr investment plan in DB Realty

NHPC Plans 1,200 MW Solar Park in UP

NHPC has announced plans to develop a 1,200 megawatt (MW) solar park in Jalaun, Uttar Pradesh, with an estimated investment of Rs 7.969 billion.The project will be implemented through Bundelkhand Saur Urja Ltd (BSUL), a joint venture between NHPC and the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA). The initiative forms part of the central government’s Ultra Mega Renewable Energy Power Parks (UMREPP) programme, in line with guidelines issued by the Ministry of New and Renewable Energy (MNRE).The total project cost includes an allocation of Rs 427 million towards interes..

World Bank Explores Nuclear Energy Financing Amid Policy Tensions

The World Bank’s steering committee on Friday endorsed plans to expand energy access initiatives, including exploring potential financing for nuclear energy projects. This move aligns with recent U.S. directives aimed at broadening the bank's approach to energy sector funding.The committee’s statement also reaffirmed support for the development lender’s gender equality strategy. This endorsement comes just days after U.S. Treasury Secretary Scott Bessent criticised both the World Bank and the International Monetary Fund (IMF) for what he described as "mission creep," accusing them of dri..

Reliance to Invest Rs 1.5 Trn in Energy and Petrochemical Growth

Reliance Industries Ltd (RIL), led by Mukesh Ambani, has announced plans to invest Rs 750 billion each into its new energy business and petrochemical expansion initiatives, according to a recent company presentation.In its financial year 2025 results statement, Ambani highlighted that the group had laid a strong foundation for its renewable energy and battery manufacturing projects.“In the coming quarters, we will transition from incubation to operationalisation. Our new energy business will create significant value for Reliance, India, and the world,” Ambani stated.Reliance has commission..