The Russian oil giant PJSC Rosneft Oil Company plays in early conversations with Reliance Industries for the sale of its 49.13 percent importance in Nayara Energy, which operates an oil refinery of 20 million tons per year and 6,750 petrol pumps in India, said sources. Reliance has conducted preliminary conversations for the acquisition of Nayara, who will help it to catch up with the state-owned Indian Oil Corporation (IOC) to become the No.1 oil refinery of India and to give a meaningful presence in the fuel marketing room. But the conversations are in a provisional phase and there is no guarantee that they can lead to a clear deal, because appreciation remains a sticky land, three sources with direct knowledge of the case.
Where Solar Americas, a complete subsidiary of Wae Energies Limited, received an order on 27 June for the range of 540 MW solar modules from a renowned customer who is the developer and owner-operator of Utility scale solar and energy storage projects in the United States in the United States. The order includes the range of 270 MW of solar modules in 2025 and 270 MW solar modules in 2027-2028.
Anil Ambani’s Reliance Power LTD is planning to set up a 1500 MW on gas-based Power project abroad and, according to sources, actively participates in various international tenders for its development. Reliance Power has submitted competitive bids for gas -based energy projects in Kuwait, VAE and Malaysia as part of the selective global expansion strategy. The company recently has two Mega Power Projects in Bhutan secured-a 500 MW solar project and a 770 MW Hydropower project.
Gujarat Industries Power Company Limited has successfully commissioned 105 MW of Solar Power Project, located in the 2,375 MW Renewable Energy Park in Khavda, Great Rann from Kutch.
NLC India LTD has received a price letter from NTPC LTD for the establishment of 450 MW Inter-State Transmission System (ISTS) Connected Wind-Solar Hybrid Energy project in Rajasthan, the company said. According to the order protected at NTPC LTD, NLC India would set up the 450 ISTS-connected Wind-Solar Power project, supply hybrid power generated from the aforementioned project to NTPC LTD for a period of 25 years under the Power Purchase Agreement (PPA).
State property Power Giant NTPC on Sunday said that the Step Down subsidiary NTPC Renewable Energy fully submitted 220 MW Shajapur Solar Project (Unit-II) after the operational capacity of the third and last part of 120 MW. The NTPC renewable energy is an arm of NTPC Green Energy, a subsidiary of NTPC Ltd.
Published on June 30, 2025
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