Welspun sells off six road projects to UK’s Actis PE

KPI Green Energy Sets Up New Renewable Energy Subsidiary

KPI Green Energy has formally established a new special purpose vehicle (SPV) aimed at accelerating its initiatives in the renewable energy space. The SPV, named KPIN Clean Power Three LLP, received approval for incorporation from the Ministry of Corporate Affairs on July 2, 2025.This strategic move is part of the company’s broader plan to enhance its role in the clean energy transition and align with national and global sustainability goals. The primary objective of the new entity is to focus on the generation, development, transformation, distribution, transmission, sale, and supply of pow..

IFC Invests Rs 4.60 Bn in India's Biggest Battery Storage Project

IFC, a member of the World Bank Group, has committed Rs 4.60 billion to IndiGrid for the development of India’s largest standalone battery energy storage system (BESS) project in Gujarat. The project is expected to significantly contribute to the state's clean energy ambitions by enhancing grid stability and ensuring dependable power supply during peak demand periods.The financing involves a long-term investment of approximately Rs 4.60 billion through a subscription to listed non-convertible debentures. This includes 38.5 million from IFC’s own account and $16.5 million in concessional su..

Govt Mandates One Towing Vessel per Port for Emergency Response

In response to recent maritime disasters, the Directorate General of Shipping has proposed a new regulation requiring all Indian ports—whether major or non-major—that handle 10 million metric tonne (MMT) or more of cargo annually to designate at least one tug or towing vessel for emergency response.This proposal follows a series of serious maritime incidents along the Indian coastline, which highlighted deficiencies in the existing emergency response mechanisms. Two major incidents in 2025—the sinking of the container ship MSC ELSA 3 in May and a fire and explosion aboard the WAN HAI 503..