Microfinance Firm VFS Capital Reapplies for Small Finance Bank License

Railways Launch Track Solar Panels and New Freight Initiatives

The Ministry of Railways has announced a milestone in green energy innovation with the commissioning of India’s first renewable solar panel system installed between railway tracks at Banaras Locomotive Works (BLW), Varanasi.According to the ministry, Indian Railways has commissioned a 70-metre removable solar panel system comprising 28 panels with a 15 KWp capacity. The initiative marks a historic first in the nation’s sustainability drive.At the same time, freight operations have been expanded. On 10 August, the first industrial salt-loaded rake was dispatched from Sanosara on the Bhuj–..

Nikhil Kamath Invests Rs 1.38 Billion in Goldi Solar

Nikhil Kamath, co-founder of brokerage firm Zerodha, has announced an investment of Rs 1.38 billion in solar PV module manufacturer Goldi Solar for an undisclosed stake.The Gujarat-based company said it will utilise the fresh capital for expansion initiatives. “Renewable energy in India is a massive sector, and there is an equally massive opportunity to build global-scale companies right here on our home ground,” Kamath noted.Over the past year, Goldi Solar has expanded its solar PV module manufacturing capacity from 3 GW to 14.7 GW and is also advancing its solar cell production facilitie..

Reliance Infra Wins 390 MW Solar-Battery Project from NHPC

Reliance Infrastructure Ltd has received a Letter of Award from NHPC, a Navratna public sector enterprise, for a 390 MW solar power project integrated with a Battery Energy Storage System (BESS). The project will include 700 MW of solar DC capacity alongside 780 MWhr of battery storage.The contract was awarded at a tariff of Rs 3.13 per kWh, making it among the most competitively priced renewable energy projects in India. The auction process, which attracted 15 bidders, was oversubscribed by nearly four times, highlighting strong industry interest.This award significantly enhances Reliance Gro..