Solarium Green IPO Launched- Company Seeks to Raise Rs 105 crore Updated On Thu, Feb 6th, 2025 by Saurenergy Ahmedabad-based Solar EPC and O&M provider Solarium Green Energy has launched its IPO today. The IPO comprises a fresh issue of 54,99,600 Equity Shares of ₹ 10 each at a price band of Rs 181-191. Thus, at the upper end of the price band, the company is looking to raise Rs 105.04 crore. The shares will […] Read more
CtrlS Datacenters Unveils Captive Solar Farm — GreenVolt1 Updated On Thu, Feb 6th, 2025 by Saurenergy CtrlS Datacenters Ltd, a data center operator, unveiled its captive solar farm, GreenVolt 1, in India. Phase I, with a capacity of 62.5 MWp, went live in June 2024, while Phase II, with an additional capacity of 62.5 MWp, is under implementation. CtrlS has spent over a year in R&D optimizing the project and complying […] Read more
Green Stocks Feb 5: Cautious Recovery Continues For Green Stocks Updated On Wed, Feb 5th, 2025 by Saurenergy On a day when the midcap and small-cap indices were strong, the green energy cap also made the most of the recovery in the air. While Shakti Pumps was back at the upper circuit limit, seeking a return to previous highs, Adani Green also staged a smart recovery to trade well over Rs 1000 again. […] Read more
MERC’s No To Wind-Solar-Thermal Bundling for OA Consumers In Maharashtra Updated On Wed, Feb 5th, 2025 by Saurenergy In an order that left some hope for a future rethink on the issue, the Maharashtra Electricity Regulatory Commission (MERC) has rejected a plea by the Captive Power Producers Association(CPPA) in the state to direct the key state discom/s to allow bundling of solar, wind and thermal power for use by captive consumers too. MSEDCL […] Read more
January Power Market- DAM Prices Drift Lower, Green Volumes Up 218% YoY Updated On Wed, Feb 5th, 2025 by Saurenergy Indian Energy Exchange, India’s premier electricity exchange, achieved monthly electricity traded volume of 10,910 MU in January’25, marking a 16% increase on year-on-year basis. IEX recorded highest ever monthly trade of RECs in January ’25. A total of 38.03 lakh Renewable Energy Certificates were traded during the month, marking a 150% year on year increase. […] Read more
Prozeal Set To Supply 24.40 MWp Solar Power To Aarti Drugs Updated On Tue, Feb 4th, 2025 by Saurenergy Mumbai-based Aarti Drugs has tied up with Prozeal Green Energy to procure solar power through a captive arrangement. The company announced the collaboration in a regulatory filing, stating, “Aarti Drugs, a manufacturer of Active Pharmaceutical Ingredients (APIs) and Pharma Intermediates, has entered into a share subscription and shareholders’ agreement with Prozeal Green Power and Pro-Zeal […] Read more
Financial Results: Tata Power Reports 10% Profit Growth In Q3 Updated On Tue, Feb 4th, 2025 by Saurenergy Indian power company Tata Power today announced its financial results for the third quarter (Q3) of FY25. In its results, shared before the exchanges, the company has reported a surge in its profit, both on a quarterly basis and also on a yearly basis. In fact, as CEO Praveer Sinha stressed, this is the 21st […] Read more
Green Stocks Feb 4: Stocks Rebound Sharply Updated On Tue, Feb 4th, 2025 by Saurenergy As the broader markets heaved a sigh of relief by bouncing back sharply, our green pack had a tough time keeping up. Thus even as most shares rose, many could not quite match the exuberance of the broader markets. That points to a fatigue among investors for the green energy theme, and the focus on […] Read more
Bihar Plans To Build Solar Project On Private Pond, Issues Tender Updated On Tue, Feb 4th, 2025 by Saurenergy Bihar Renewable Energy Development Agency (BREDA) recently issued a tender to procure solar power from a 20 MW grid-connected solar project. The project is planned under the RESCO mode and will be located on a private pond in Bihar. The tender would open and end on 20th February 2025. It bidding for the tender would […] Read more
