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May 2026

8Find a snapshot of thermal, hydro, pumped storage,
solar, wind, BESS and T&D contracts related updates for the day
Click on Reports for more Details
8A sharp pricing gap in this Rs 95 crore turnkey transmission package highlights intensifying competition around execution risk, scope allocation and EPC strategy.
8The award outcome could influence contractor bidding behaviour in upcoming Tamil Nadu utility transmission tenders. Details
8UPCL’s battery storage procurement has moved into the financial-bid phase after sustaining strong bidder interest through technical evaluation.
8The contest highlights how utilities are increasingly treating grid-scale storage as strategic network infrastructure rather than a standalone capacity addition. Details
8Rajasthan solar pooling package combines scale and execution risk in single EPC bid
This renewable evacuation package goes beyond routine pooling infrastructure. By combining scale, tighter qualification norms and higher execution accountability into a single EPC contract, the tender could influence pricing and competition trends in future state utility grid projects.

8Thermal retrofit risk pressures coal mill overhaul bidding cycle at ageing power unit
Multiple deadline revisions in this coal mill overhaul tender point to rising contractor caution around retrofit integration, execution exposure and performance accountability in ageing thermal assets. The pattern reflects changing risk allocation trends in thermal maintenance contracting.

8Solar EPC package tightens grid compliance and lifecycle accountability framework
This utility-scale solar tender pushes EPC bidders deeper into domestic sourcing, grid-performance and long-term execution accountability. The structure signals a broader shift in how public-sector renewable procurement is allocating technical and operational risk.

8Hydro rehabilitation EPC package raises contractor exposure across ageing canal corridor
This hydro-corridor rehabilitation tender combines tighter qualification filters with deeper EPC execution responsibility, signalling a shift away from routine civil-repair contracting. The structure points to rising lifecycle and delivery accountability in state hydro asset restoration projects.

8Thermal EMS package compresses ABT/DSM integration and execution accountability
This IB Thermal EMS tender combines integration, commissioning and compliance obligations within a tight execution framework while extending bidder exposure through a long validity cycle. The structure signals evolving operational-technology risk allocation in thermal utility digitalisation projects.

8Industrial-corridor transmission package raises turnkey integration accountability
This transmission package combines evacuation infrastructure, transformation capacity and network engineering within a tightly integrated execution model. The structure pushes greater coordination and delivery responsibility onto contractors, signalling evolving contracting strategies for industrial-corridor power infrastructure.

8Floating solar EPC bidding faces pressure from reservoir-linked execution risks
Multiple deadline extensions in this floating solar EPC tender highlight growing contractor caution around reservoir engineering, execution exposure and lifecycle accountability. The project is emerging as an indicator of how public-sector utilities may allocate risk in future floating solar procurements.

8765kV transmission EPC package reshapes escalation and RoW risk framework
Successive corrigenda in this coastal transmission tender are altering how bidders assess escalation, right-of-way and execution exposure under a reverse-auction model. The evolving structure signals a tougher procurement approach that could influence future high-voltage EPC contracting trends.

 Details
COAL PRODUCTION & OFFTAKE

8Coal stock at power plants stable on 16 May; Chhabra-II raises red flag at 45% of normative
As per Coal India Limited's Marketing & Sales Division report dated May 16, 2026, coal stock positions at most major thermal power plants remain within acceptable levels. However, Chhabra-II TPP (1,320 MW) in Rajasthan continues to draw attention with coal stock at a critical 45% of normative requirement, down from already-low levels seen on May 12-15. HPGCL's three Haryana plants (Panipat, Rajiv Gandhi, Yamuna Nagar) collectively maintain 137% normative stock cover, while Punjab's PSPCL stations carry an average 131% cover.

8Ropar TPS sits at 160% coal stock cover while Rajasthan's Chhabra-II burns through reserves
According to the Central Electricity Authority's Fuel Management Division daily coal stock report for May 17, 2026, Punjab's Ropar TPS (840 MW) holds coal sufficient for 26 normative days at a robust 160% of requirement, even as Rajasthan's Chhabra-II TPP (1,320 MW) languishes at a critical 45% stock level with 200,100 tonnes on hand against a 443,900-tonne normative requirement. HPGCL's combined capacity of 2,510 MW carries 1,342,200 tonnes at 137% cover, underscoring uneven supply-chain dynamics as peak summer demand intensifies.

8Coal powers India's grid to 4,057 MU on 16 May; nuclear overachieves programme by 6% with 179 MU
The Central Electricity Authority's fuel-wise generation report for May 16, 2026 shows coal-based generation at 4,057.65 MU against a programme of 3,783.11 MU, a 7.2% overshoot driven by rising demand. Nuclear plants generated 179.15 MU versus a programme of 168.84 MU, a 6.1% surplus. Hydro delivered 427.99 MU including 24.03 MU of Bhutan imports. Compared to May 15, coal output rose by over 105 MU. Cumulatively from April 1 to May 16, total generation stands at 208,316.52 MU against a target of 216,686.94 MU.

E-AUCTION & PRICING

8IEX DAM clears 1,22,675 MWh at avg MCP Rs. 5,708/MWh on 18 May 2026; price spikes 10x off-peak vs solar hours
The Indian Energy Exchange Day-Ahead Market recorded a total cleared volume of 1,22,675.37 MWh on 18 May 2026, with purchase bids reaching 4,32,585.72 MWh against sell bids of 4,02,337.61 MWh. The weighted average Market Clearing Price stood at Rs. 5,710.26/MWh. MCP peaked at Rs. 10,000/MWh during off-peak night hours (Hours 1-4 and 20-24), while the day's lowest price of Rs. 1,512.96/MWh was observed during Hour 9 (08:00-09:00), signalling strong solar-led supply glut in morning hours.

8IEX RTM trades 1,64,278 MWh at avg MCP Rs. 4,933/MWh on 18 May; price crashes to Rs. 437 in Hour 7
The IEX Real-Time Market on 18 May 2026 cleared a total of 1,64,278.09 MWh with total purchase bids of 3,52,003.48 MWh and sell bids of 3,24,553.40 MWh. The weighted average MCP for the day was Rs. 4,935.44/MWh. The most striking price event occurred during Hour 7 (06:00-07:00), where the MCP collapsed to Rs. 436.62/MWh, the day's lowest, reflecting peak solar generation overwhelming demand. Evening hours saw a price reversal, with Hour 19 (18:00-19:00) spiking to Rs. 8,486.50/MWh as solar output faded. Details
PEAK DEMAND & GRID FREQUENCY

8India's national grid meets 241,237 MW evening peak on 18 May; Northern Region posts 601 MW shortage
Grid Controller of India Limited's National Load Despatch Centre reported that the country's combined evening peak demand of 241,237 MW was nearly fully met on May 18, 2026, with a residual shortage of just 601 MW, entirely attributable to the Northern Region. The Western Region topped regional demand at 74,057 MW during evening peak, followed by the Northern Region at 80,411 MW and the Southern Region at 53,346 MW. Total all-India energy delivered for the day stood at 5,615 MU. Maximum demand peaked at 257,370 MW at 15:42 hrs.

8India's coal plants achieve 91% availability on 16 May; nuclear fleet hits 91.78% utilisation in summer run
The Central Electricity Authority's Sub-Report 16 for May 16, 2026 shows India's 222,697 MW coal fleet with 201,658 MW on the line, a 91.03% availability rate, and achieving a net output of 183,572 MW, or 82.43% of monitored capacity. This marks improvement over May 15, when coal availability stood at 90.37%. Nuclear plants (8,780 MW total monitored) delivered 7,012 MW net, representing 79.87% utilisation. Hydro capacity of 51,914 MW had 41,771 MW online with maximum power output of 35,648 MW.

8India's total power generation jumps to 4,869 MU on 16 May; Northern Region overshoots programme
The Central Electricity Authority's daily generation overview for May 16, 2026 shows India's total actual generation at 4,869.36 MU against a programme of 4,583.58 MU, a significant overshoot. The Northern Region posted actual generation of 1,224.87 MU, beating its programme of 1,193.90 MU by 31 MU, a sharp reversal from May 15 when the same region fell short. April 1 to May 16 cumulative generation stood at 208,316.52 MU against a target of 216,686.94 MU, a 3.9% shortfall reflecting the persistent gap between ambition and delivery.

8Southern grid averages 50.004 Hz on 18 May; frequency within IEGC band for 99.97% of day
Grid-India's SRLDC recorded a near-perfect frequency performance on May 18, 2026, with the average frequency clocking 50.004 Hz against the standard 50 Hz target, and a standard deviation of just 0.05. The grid remained within the IEGC band (49.7-50.2 Hz) for 99.965% of the day, or 1,439.5 minutes out of 1,440. The frequency deviation index stood at a low 0.025. Maximum instantaneous frequency touched 50.204 Hz at 14:04:40, while the minimum dipped to 49.769 Hz at 00:04:30.

8Southern Region meets 53,346 MW evening peak on 18 May with zero shortage; total day energy 1,298 MU
Grid Controller of India's SRLDC reported a deficit-free power day on May 18, 2026, meeting an evening peak demand of 53,346 MW at 20:00 hrs with zero shortage and a healthy grid frequency of 50.04 Hz. During off-peak hours at 03:00, 46,624 MW was met again with no shortfall. Total day energy supplied stood at 1,298.32 MU. Tamil Nadu was the largest consumer at 382.09 MU, followed by Karnataka at 291.88 MU and Andhra Pradesh at 274.18 MU. Solar contributed 174.53 MU across states.

OCC MEETINGS & OUTAGE PLANNING

8TANTRANSCO's 765 kV network hit by multiple faults; 20 transmission elements trip on 18 May
Grid Controller of India Limited's SRLDC reported 20 forced transmission outages on May 18, 2026, with TANTRANSCO bearing the biggest blow as three 765 kV lines, including NCPS-Ariyalur, NCPS-NCTPS STG3-1, and NCPS-NCTPS STG3-2, tripped simultaneously at 23:30 hrs due to an R-N fault. KPTCL's 400 kV Nelamangala-Taluguppa-1 and APTRANSCO's 400 kV/220 kV Jammalamadugu ICT-1 and ICT-3 transformers also went down. A JSW RE transformer was revived after a 7.5-day outage.

8North Chennai TPS Unit 6 (800 MW) trips at 23:30 on 18 May following TANTRANSCO line cascade
Grid Controller of India Limited's SRLDC flagged a critical thermal outage on May 18, 2026: North Chennai TPS Stage-III Unit 6, rated 800 MW, tripped at 23:30 hrs following a loss of evacuation after the NCPS-Ariyalur 765 kV line went down. Talcher ST2's 500 MW unit also tripped at 15:22 due to SPS on pole tripping, but was revived by 19:12. On the reservoir front, Idukki stood at 708.27 m with stored energy of 560.11 MU, while Mettur's level was reported at 748.98 m against last year's 778.52 m, a year-on-year deficit.

8Adani Power Raipur loses 1,370 MW in grid trip; Ghatampur TPP Unit 2 lingers in ID fan trouble since 6 May
The Central Electricity Authority's Sub-Report 11 for May 16, 2026, tracking 500 MW and above units, reveals that Adani Power Limited's Raipur TPP lost both its 685 MW units to transmission line tripping within minutes of each other on the evening of May 16, a combined capacity loss of 1,370 MW. NTPC's Ghatampur TPP Unit 2 (660 MW) in Uttar Pradesh, forced offline since May 6 due to ID fan failure, remained unresolved. Chhattisgarh's Korba Super TPS Unit 5 (500 MW) continues annual overhaul work initiated May 15.

81,778 MW of LANCO and NPCIL units offline in central sector; Srisailam Left Bank under annual overhaul
Grid Controller of India Limited's SRLDC reported that 1,778 MW of central sector generating capacity remained under planned outage on May 18, 2026, dominated by LANCO's LKPPL Stage 2 and Stage 3 units in Andhra Pradesh, many entangled in NCLT proceedings since 2016. NPCIL's KAIGA Stage 1 (220 MW) has been down since March 2025 for EMCCR activities, with revival expected only by September 2026. TGGENCO's Srisailam Left Bank Power House had 600 MW (units 1, 3, 5, 6) under annual overhauling since May 9.

REGIONAL ENERGY ACCOUNT

8MSEB faces Rs. 8.27 crore payable burden as WR-ER inter-regional DSM tops Rs. 234 crore in WRPC account
The Western Regional Power Committee released its ABT-based Deviation Settlement Mechanism account for the week of 27 April to 03 May 2026, revealing a massive inter-regional payable obligation of Rs. 234.49 crore by the Western Region towards the Eastern Region. Among Western Region beneficiaries, Maharashtra State Electricity Board emerged as the biggest payer with a net DSM of Rs. 8.27 crore payable, while Gujarat received Rs. 6.78 crore. In the renewable segment, AREH5L_KHAVDAPS1_QCA led receivables at Rs. 10.91 crore.

8NTPC Kudgi tops SCED receivables at Rs. 24.91 crore in SRPC's April 2026 account
The Southern Regional Power Committee published the Smart Control of Economic Dispatch monthly account for April 2026, covering 14 SCED generators across the Southern Region from 01 to 30 April 2026. NTPC Kudgi Super Thermal Power Station (Unit I) recorded the highest net receivable of Rs. 24.91 crore, with increment scheduling of 9,894.63 MWHr against decrement scheduling of 68,414.12 MWHr. The overall National Pool Account is a net payable of Rs. 31.22 crore to SCED generators in the aggregate.

8Adani's Godda plant exports 710.83 million units to Bangladesh in April 2026 under special CEA arrangement
The Eastern Regional Power Committee released the Regional Energy Accounting statement showing that APJL (Adani Power Jharkhand Limited) exported a total of 710.827 million units of electricity from its Godda Generating Station in Jharkhand to Bangladesh during April 2026. The export was carried out as per the decision of a special meeting held on 01 May 2023, chaired by the Member (Power System), Central Electricity Authority. The statement, issued as ERPC/COMM/REA-GODDA/2025-26/317 dated 08 May 2026, was shared with APJL's CEO, ERLDC, and CEA. Details
CEA & GRID STANDARDS

8CEA's April 2026 report: NERPSIP progresses across 6 north-eastern states with Rs. 6,700 crore revised cost
The Central Electricity Authority published its Monthly Progress Report for Central Funded Schemes (April 2026) covering four major projects: the North-Eastern Region Power System Improvement Project (NERPSIP) executed by PGCIL for Assam, Manipur, Meghalaya, Mizoram, Nagaland and Tripura at a revised cost of Rs. 6,700 crore (originally sanctioned at Rs. 5,111.33 crore), the Comprehensive Scheme for Arunachal Pradesh and Sikkim, Prime Minister's Development Package-2015, and Prime Minister's Reconstruction Plan-2004.

8CEA's long-term resource adequacy plan projects MSEDCL generation needs through 2035-36
The Central Electricity Authority released Version 3.0 of the Long-Term Distribution Licensee Resource Adequacy Plan (LT-DRAP) for MSEDCL for the period FY 2026-27 to FY 2035-36 in April 2026. The plan, mandated under Resource Adequacy Guidelines dated 28th June 2023, analyses MSEDCL's generation expansion requirements using the ORDENA modelling tool, assesses reliability through unserved energy projections, renewable energy variability, and thermal generator forced outages, and charts investment options for gap coverage over the coming decade.

8CEA's April transformation capacity addition hits 11,325 MVA against 5,875 MVA monthly target
The Central Electricity Authority's Executive Summary for transformation capacity (220 kV and above) reveals that actual capacity addition in April 2026 stood at 11,325 MVA against a monthly target of only 5,875 MVA, an overachievement of 93%. The 765 kV segment led with 9,000 MVA achieved (target: 4,500 MVA), including 6,000 MVA by POWERGRID and 3,000 MVA by private sector. The 400 kV sector achieved 815 MVA versus a target of 315 MVA, and 220/230 kV achieved 1,510 MVA versus a target of 1,060 MVA.

8CEA's April transmission line target surpassed: 901 ckm achieved vs 601 ckm target; 400 kV overachieves 3.5x
The Central Electricity Authority's Executive Summary for transmission lines (220 kV and above) for April 2026 shows that actual additions of 901 ckm far exceeded the monthly target of 601 ckm. The 400 kV segment alone contributed 836 ckm against a target of 238 ckm, an overachievement of over 3.5 times, led by state sector additions (628 ckm vs 172 ckm target) and central sector (142 ckm). The 220 kV segment achieved 65 ckm against a target of 430 ckm. The FY 2026-27 annual target stands at 17,860 ckm.

8Meghalaya Power Generation Corp releases 2026 guidelines for Ganol Dam radial gate water discharge
Meghalaya Power Generation Corporation Limited issued a comprehensive set of operational guidelines in 2026 for the regulated and safe release of water through the Radial Gates of the Ganol Concrete Dam. The guidelines mandate round-the-clock operability of all radial gates to manage reservoir levels during flood conditions, safeguard dam abutments from overtopping, and ensure controlled downstream flow. The framework covers flood events, emergencies, sabotage scenarios, and natural disasters, balancing safety imperatives with optimised water storage for electricity generation.

TENDERS & PROCUREMENT (GeM/NIT)

8HPX launches reverse auction for Rajasthan's 500 MW thermal power for June 2026 delivery
Hindustan Power Exchange Limited issued Circular No. HPX_RA_00958 on May 18, 2026 for an Any-day(s) Single Side Reverse Auction (Auction No. HPX/18052026/00987) on behalf of buyer Rajasthan Urja Vikas and IT Services Limited. The auction seeks 500 MW of thermal energy for delivery from June 1-30, 2026, with a minimum bid quantity of 20 MW. Seller interest submissions are open from May 18-20, 2026, with the e-Reverse Auction window scheduled for May 20 and allocation finalization by May 22, 2026.

8HPX floats reverse auctions for 500 MW thermal power for July 2026 night and evening hour blocks
Hindustan Power Exchange Limited launched two Reverse Auctions on May 18, 2026 for the procurement of 500 MW thermal power by Rajasthan Urja Vikas and IT Services Limited for delivery during July 1-31, 2026: Auction No. HPX/18052026/00988 covering the 00:00-08:00 hours block and Auction No. HPX/18052026/00989 covering the 18:00-24:00 hours block. The auction process runs from May 18 to May 22, 2026, with minimum bid quantity set at 20 MW. Simultaneous auctions are also underway on IEX and PXIL platforms.

8HPX launches reverse auctions for UPCL's 200 MW multi-source power for June 2026 in three time blocks
Hindustan Power Exchange Limited issued Circulars HPX_RA_00961 and HPX_RA_00962 on May 18, 2026 for Reverse Auctions on behalf of buyer Uttarakhand Power Corporation Limited. One auction seeks 200 MW of power from solar, non-solar, hydro, and thermal sources for round-the-clock delivery from June 1-30, 2026, while another seeks two separate 200 MW lots for off-peak midnight to 6:00 AM and peak 18:00-24:00 blocks. Seller interest submissions ran from May 18-19, 2026, with allocations to be finalized by May 21, 2026.

8Rajasthan Urja Vikas lists DADRI LIQ at Rs. 25.33/kWh as costliest source in 18-24 May merit order
Rajasthan Urja Vikas and IT Services Limited released the Merit Order Dispatch schedule for 18-24 May 2026, ranking power sources from costliest to most economical based on fixed cost, variable cost, and combined tariff (inclusive of all-India transmission losses). DADRI Liquid (LIQ) topped the list at a combined tariff of Rs. 25.33/kWh (variable cost Rs. 24.782/kWh, fixed cost Rs. 0.55/kWh), followed by AURIYA LIQ at Rs. 24.06/kWh, while CGPL/TPCL, Suratgarh Thermal (STPS), and IGSTPS-Jhajjar offered the most cost-competitive power in the Rs. 5-6/kWh range. Details
SOLAR POWER

8India's renewable output surges in May 2026; Rajasthan drives solar push with 266 MU on May 15
India's Central Electricity Authority data shows renewable energy output climbing steadily through mid-May 2026. On May 15, Rajasthan alone generated 266.03 MU of renewable power in a single day, the highest among all states, powered by 22.73 MU of wind and 240.88 MU of solar. By May 16 and May 17, cumulative May generation figures continued rising across Northern and other regions, reflecting a strong ramp-up in green capacity utilisation as India heads deeper into the summer generation season.

8Borosil Renewables submits clean Secretarial Compliance Report for FY 2025-26; solar glass manufacturer flags growth
Borosil Renewables Limited submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2026, issued by M/s Dhrumil M. Shah & Co. LLP. The report certifies compliance with all applicable SEBI regulations during the year, including LODR, ICDR, Takeover, Insider Trading, and other applicable regulations. The company is a manufacturer of solar glass, essential for solar panels, and an important domestic supplier supporting India's growing PV module manufacturing ecosystem under self-reliance goals.

WIND & HYBRID POWER

8Suzlon Energy schedules board meeting on 25 May to approve Q4 FY26 financial results
Suzlon Energy Limited informed stock exchanges that its Board of Directors will meet on May 25, 2026, to consider and approve standalone and consolidated financial results for Q4 (unaudited) and FY 2025-26 (audited), ending March 31, 2026. The trading window remains closed from April 1, 2026, until 48 hours after the results are declared, reopening on May 28, 2026. Suzlon, India's largest wind turbine manufacturer, is closely watched amid strong renewable ordering momentum and policy tailwinds for wind capacity addition.

8Insolation Energy schedules board on 25 May for FY26 results and ESOP 2024 share allotment
Insolation Energy Limited notified exchanges that its Board will meet on May 25, 2026, to consider and approve standalone and consolidated audited financial results for Q4 and FY 2025-26, and also to allot equity shares under the Insolation Energy Employee Stock Option Plan 2024 (ESOP 2024). The trading window for designated persons remains closed until May 27, 2026, 48 hours after the results declaration. The company operates in the solar PV module manufacturing segment with growing focus on integrated renewable solutions.

STORAGE & GREEN HYDROGEN

8India's 2025 BESS auctions allocate 10.4 GW; 71% of total storage tendering now standalone, says IEEFA-JMK
A joint report by IEEFA and JMK Research and Analytics titled Viability of Standalone Battery Energy Storage Tariffs Discovered in 2025 reveals that standalone ESS tenders constituted more than 71% of total storage capacity tendered in India in 2025, with standalone BESS projects accounting for 60% of this. A total of 10.4 GW of standalone BESS capacity was allocated in 2025. The report analyses tariff viability against benchmark costs, execution risks, and the future outlook for India's rapidly growing energy storage sector.

8EV adoption set to cross 40% of global new car sales by 2030 as energy security drives electrification
A research report dated May 18, 2026 notes that renewed oil price volatility and Middle East geopolitical tensions have pushed energy security back to the forefront of policy agendas, particularly for oil-importing Asian economies. The International Energy Agency projects EVs could account for more than 40% of global new car sales by 2030 under stated policies. Falling battery costs aided by lower lithium prices, LFP technology and sodium-ion innovation are accelerating EV adoption with Battery ESS as a parallel growth engine.

POLICY & INCENTIVES

8IEEFA calls for 99% uptime mandates in Delhi EV Policy 2026; 84% of sampled chargers found non-functional
The Institute for Energy Economics and Financial Analysis submitted feedback on Delhi's draft Electric Vehicle Policy 2026 to the Transport Department, recommending mandatory uptime standards for public chargers. A 2024 IEEFA study found that nearly 84% of surveyed public EV chargers across South, Central, West, and East Delhi were non-functional, primarily due to theft of connectors and cables and lack of maintenance. IEEFA urged Delhi to adopt minimum uptime requirements similar to the UK's 99% standard for rapid chargers and California's 97% uptime rule.

8IEA report: Southeast Asia's coal transition needs billions in transition credits; young fleet at lock-in risk
A new report by the International Energy Agency titled Financing the Modernisation of Power Systems Beyond Coal examines the potential of transition credits as a market-based instrument to accelerate coal phase-outs in Southeast Asia, where coal remains central to power systems. The report warns that the region's young coal fleet risks generating substantial long-term emissions if plants continue operating at current utilisation rates. It analyses emission scales, replacement options, and investment challenges, recommending jurisdictional approaches to transition credit mechanisms.

8IEX extends waiver of transaction fees in TRAS segment beyond March 2026 until further notice
Indian Energy Exchange Limited issued Circular No. IEX/MO/2580/2026 on May 18, 2026, extending the waiver of IEX transaction fees for clients participating in the TRAS (Transco Renewable Ancillary Services) segment beyond March 31, 2026 until further notice. The extension, announced by Executive Director Amit Kumar, is aimed at encouraging broader market participation in the TRAS segment, continuing the waiver that was originally introduced via Circular No. IEX/MO/2202/2025 dated October 3, 2025.

8IEX shifts 2nd May 2026 REC trading session to 29 May due to bank holidays on 27 and 28 May
Indian Energy Exchange Limited issued Circular No. IEX/MO/2579/2026 on May 18, 2026, announcing that the 2nd Renewable Energy Certificate (REC) trading session for May 2026 will be held on May 29, 2026 (Friday), instead of the scheduled date of May 28 (Wednesday). The change is necessitated by bank holidays on May 27 in Delhi and May 28 in Mumbai on account of Id-ul-Zuha (Eid al-Adha). Grid India's notification regarding the holiday has been enclosed as an annexure.

8IEX GDAM weekly MCP peaks at Rs. 6,545/MWh on 18 May; total green volume clears 50,697 MWh in 8 days
IEX's Green Day-Ahead Market cleared a combined 50,697.83 MWh of renewable energy across 12-19 May 2026. Weighted MCP reached its weekly high of Rs. 6,545.49/MWh on 18 May and the week's maximum daily cleared volume touched 6,983.90 MWh on 19 May. The total purchase bid for the period stood at 9,86,179.61 MWh against aggregate sell bids of 2,87,184.11 MWh, signalling that demand for certified green power significantly outstripped available supply throughout the week.

8IEX GDAM records solar surge on 18 May; MCP dips to Rs. 2,074/MWh during afternoon peak
The IEX Green Day-Ahead Market on 18 May 2026 witnessed robust renewable energy trading, with solar MCV reaching its daily high in afternoon blocks. MCP fell as low as Rs. 2,074.51/MWh during Hour 13 (12:00-13:00), reflecting the strong solar influx, compared to the Rs. 10,000/MWh overnight price. Hour 5 and 6 marked the renewable energy transition window, where MCP fell sharply from Rs. 10,000 to Rs. 6,800-7,230/MWh, underscoring the growing market influence of solar and hydro sources.

8IEX GTAM logs 96 DAC trades on 18 May; buy bids at Rs. 9,418/MWh, sell at Rs. 9,326/MWh
Indian Energy Exchange's Green Term-Ahead Market on 18 May 2026 recorded 96 Day-Ahead Contingency trades across 24 hourly blocks. Buy bids were uniformly placed at Rs. 9,418/MWh and sell bids at Rs. 9,326/MWh, with a uniform weighted average price of Rs. 9,355.25/MWh across all blocks. Per-block traded volumes ranged from 3.80 MWh to 6.35 MWh, with each block transacting through exactly 4 counterparties, signalling a liquid and structured green term market at IEX. Details
WORK ORDERS & SUPPLY CONTRACTS

8G R Infraprojects bags 60.21-km Gujarat highway project worth Rs. 1,454 crore under HAM mode
G R Infraprojects Limited's wholly owned subsidiary, Nasarpore Malotha Highway Private Limited, signed a concession agreement with the National Highways Authority of India on May 18, 2026, for upgrading a 60.21-km stretch of NH-56 in Gujarat from two-lane to four-lane carriageway. The project, valued at Rs. 1,453.57 crore excluding GST, will be executed under Hybrid Annuity Mode with a completion period of 910 days from the appointed date, strengthening the company's road EPC order book.

8Waaree Renewable Technologies signs EPC contract for 350 MW/1,400 MWh BESS project
Waaree Renewable Technologies Limited disclosed the signing of a turnkey EPC contract for a 350 MW/1,400 MWh Battery Energy Storage System, including two years of operation and maintenance services. The order was awarded by Waaree Forever Energies Private Limited, a subsidiary of the company's holding entity. The project is scheduled for completion in FY 2026-27 and is classified as a domestic, commercial related-party contract, adding significantly to Waaree's renewable EPC order pipeline in the rapidly growing storage segment.

8PSPCL adds 12.5 MVA transformer at 66 kV Deep Singh Wala sub-station under FY25-26 plan
PSPCL issued Amendment No. 14/2025-26 to its Transmission Works List for FY 2025-26, incorporating the addition of a 12.5 MVA Power Transformer (T-2) at the 66 kV Deep Singh Wala Sub-Station under the DS Circle Faridkot. The estimated cost for this work is Rs. 210.33 lakh, to be covered under financial institution loans. Space is available in the switch yard but control room extension is required for additional relay and 11 kV VCB panels.

8PSPCL augments 20 MVA transformer to 31.5 MVA at 66 kV Mamdot sub-station under capex plan
PSPCL issued Amendment No. 119/2025-26 to include the augmentation of the 20 MVA Power Transformer (T-2) to 31.5 MVA at the 66 kV Mamdot Sub-Station under DS Circle Ferozepur, at an estimated cost of Rs. 207.94 lakh. This work is included in Annexure-C (Priority Works) of the Transmission Works List for FY 2025-26. Space is confirmed available in the yard and control room for augmentation, and funding will be from financial institutions.

8Tata Power and Druk Green sign MoU to build skill ecosystem for 5,000 MW Bhutan clean energy
Tata Power Company Limited and Druk Green Power Corporation Limited of Bhutan signed a Memorandum of Understanding at Thimphu, Bhutan, on May 18, 2026, to create a comprehensive skill development ecosystem for supporting clean energy operations under their joint development partnership of 5,000 MW. The MoU was signed in the presence of Bhutan's Prime Minister, Lyonchhen Tshering Tobgay. Training programmes will be delivered through the Tata Power Skill Development Institute (TPSDI), leveraging its expertise in power sector skills.

8GE Vernova T&D India secures landmark order from Adani Energy Solutions for 2.5-GW HVDC VSC terminal
GE Vernova T&D India Limited secured a landmark order in Q4 FY26 from Adani Energy Solutions for a 2.5-GW HVDC Voltage Source Converter terminal station for the Khavda-South Olpad renewable power corridor. The order strengthens the company's leadership in high-voltage direct current transmission technology. Q4 FY26 revenue stood at Rs. 16.4 billion, up 42% YoY. The company's order bookings for the full year stood at Rs. 147.8 billion, a 37% jump over the previous year.

PPA SIGNING & APPROVAL

8ACME Platinum Urja secures 25-year SECI PPAs for 350 MW solar-plus-storage projects at Rs. 3.42/unit
ACME Platinum Urja Private Limited (APUPL), a wholly owned subsidiary of ACME Solar Holdings Limited, is developing 150 MW (Phase-1) and 200 MW (Phase-2) solar-plus-battery storage projects under 25-year PPAs with SECI at a fixed tariff of Rs. 3.42 per unit. ICRA assigned an ICRA A-(Stable) rating to the Rs. 800 crore term loan. The cumulative DSCR on external debt is estimated above 1.25x across the loan tenure, with a DSRA of one quarter's peak debt servicing to be created within 12 months of commissioning.

8Ayana Kadapa's 250 MW solar plant commissioned a day ahead of COD; SECI PPA at Rs. 2.71/unit
Ayana Kadapa Renewable Power Private Limited (AKRP) early-commissioned its 250 MW AC solar plant in Andhra Pradesh on February 28, 2026, a day ahead of the scheduled commercial operation date. The early commissioning, coupled with improved DSCR to 1.27x from 1.22x earlier, led CareEdge Ratings to upgrade the project's rating to CARE AA-; Stable for long-term bank facilities worth Rs. 987 crore. The project holds a 25-year PPA with SECI at Rs. 2.71 per unit, providing long-term revenue visibility.

CAPACITY COMMISSIONING

8CEA records 11,325 MVA substation capacity addition in April 2026; PGCIL commissions 6,000 MVA at 765 kV
The Central Electricity Authority recorded commissioning of substations (220 kV and above) during April 2026 showing a total of 11,325 MVA added across all sectors. PGCIL alone accounted for 6,000 MVA through three central sector projects, including 2x1,500 MVA 765/400 kV ICTs at Fatehgarh-III (Rajasthan 20 GW REZ, Phase III), 1x1,500 MVA ICT at KPS-3 Gujarat (Khavda Area, Phase IV, 7 GW), and 2x1,500 MVA ICTs at Bikaner-III Pooling Station. State additions spanned HVPNL, MSETCL, APTRANSCO, RRVPNL and OPTCL.

8India's total transformation capacity crosses 14,61,851 MVA after April addition of 11,325 MVA
The Central Electricity Authority Growth Summary for April 2026 shows that India's cumulative transformation capacity (220 kV and above) has reached 14,61,851 MVA, up from 14,50,526 MVA in the previous month, reflecting an addition of 11,325 MVA during April alone. Voltage-wise breakdown shows 765 kV contributing 5,34,148 MVA and 400 kV contributing 5,15,503 MVA, while sector-wise data shows Central Sector at 5,90,791 MVA, State Sector at 7,74,543 MVA, and Private Sector at 96,517 MVA.

8CEA records 901 ckm transmission line addition in April 2026 against 601 ckm target
The Central Electricity Authority recorded commissioning of transmission lines (220 kV and above) during April 2026 totalling 901 circuit kilometres across all sectors against a monthly target of 601 ckm. In the Central Sector, PGCIL commissioned 142 ckm through Circuit-2 of the 400 kV Navsari-Kala D/C transmission line under Transmission Network Expansion in Gujarat. State sector additions included MSETCL's 456 ckm Babhleshwar-Kudus D/C line and PTCUL's 172 ckm D/C Pipalkoti-Karanprayag-Srinagar line.

8India's total transmission network reaches 5,07,414 ckm; inter-regional capacity at 1,20,340 MW
The Central Electricity Authority Growth Summary for April 2026 confirms that India's total transmission line network (220 kV and above) has reached 5,07,414 circuit kilometres, with 901 ckm added in April alone, which is also the total FY 2026-27 addition so far. The inter-regional transfer capacity of the country stands at 1,20,340 MW. Voltage-wise, the 400 kV network contributes the largest share at 2,15,281 ckm followed by 220/230 kV at 2,10,692 ckm, while State Sector leads at approximately 2,71,252 ckm.

8FY 2026-27 sees 9,000 MVA of 765 kV substations commissioned by April; Resonia's Beawar adds 3,000 MVA
The Central Electricity Authority published a cumulative report of substations completed during FY 2026-27 as on 30th April 2026, showing 9,000 MVA commissioned at 765 kV level, including 6,000 MVA by PGCIL in Rajasthan and Gujarat REZ projects and 3,000 MVA by private sector company Resonia at Beawar, Rajasthan (late reported, charged in March 2026), plus 815 MVA at 400 kV level (500 MVA by RRVPNL at Bikaner and 315 MVA by IndiGrid at Amargarh GIS), and 100 MVA at 230 kV by TANTRANSCO.

8FY 2026-27 sees 836 ckm of 400 kV lines commissioned by April; MSETCL's 456 ckm Babhleshwar-Kudus line leads
The Central Electricity Authority's cumulative transmission line report for FY 2026-27 as of 30th April 2026 shows 836 ckm of 400 kV lines completed comprising 142 ckm Central Sector by PGCIL (Navsari-Kala Gujarat), 628 ckm State Sector including MSETCL's 456 ckm Babhleshwar-Kudus D/C line and PTCUL's 172 ckm D/C Pipalkoti-Karanprayag-Srinagar line, and 66 ckm Private Sector including LILO of Kota-Merta 400 kV at Beawar under Rajasthan REZ evacuation, plus 65 ckm of 220 kV. Details
COMMISSION ORDERS (CERC/SERC)

8CERC proposes transmission licence to Apraava Energy for 765/400 kV multi-state grid expansion in MP
The Central Electricity Regulatory Commission proposed to issue an inter-state transmission licence (Petition No. 131/TL/2026) to Apraava Energy Pvt. Ltd. on a Build-Own-Operate basis, covering a complex high-voltage network including 765/400 kV and 400/220 kV substations with 3 Nos. of 1,500 MVA ICTs, multiple 765 kV and 400 kV line bays, STATCOM units of plus/minus 400 MVAr, and 27-month completion timelines, serving key substations in Morena, Sabalgarh, and Karera (near Datia), Madhya Pradesh.

8CERC adopts tariff for Waaree Forever's 170 MW Neemuch solar project under RUMSL-MPPMCL bid
The Central Electricity Regulatory Commission on 16th May 2026 passed an order in Petition No. 776/AT/2025 under Section 63 of the Electricity Act, 2003 to formally adopt tariff for a 170 MW grid-connected solar PV project won by Waaree Forever Energies Private Limited through competitive bidding at the Neemuch Solar Park, Madhya Pradesh. The initiative is jointly promoted by Rewa Ultra Mega Solar Limited (RUMSL) and Madhya Pradesh Power Management Company Limited (MPPMCL) as part of the Government's target of achieving 500 GW renewable capacity by 2030.

8CERC issues corrigendum on JSW Hydro's Rs. 2,198.80 lakh energy charge recovery in remand order
The Central Electricity Regulatory Commission issued a corrigendum order on 16th May 2026 in Petition No. 184/MP/2019 (on remand), correcting its earlier order dated 28th November 2025. The petition was filed by JSW Hydro Energy Ltd. (formerly Himachal Baspa Power Company Limited) under CERC Tariff Regulations, 2019 for recovery of unrecovered energy charges related to shortfall in generation during FY 2018-19 at Karcham Wangtoo HEP. JSW Hydro confirmed actual amount realised from beneficiaries stood at Rs. 2,198.80 lakh.

8UERC approves UPCL's FPPCA for Q3 FY26; Rs. 59.17 crore chargeable against incremental costs
The Uttarakhand Electricity Regulatory Commission in Petition No. 20 of 2026 dated May 15, 2026 approved UPCL's Fuel and Power Purchase Cost Adjustment for Q3 FY 2025-26 (October-December 2025). The total amount chargeable against incremental power purchase costs was Rs. 59.17 crore, comprising minus Rs. 1.92 crore for October (net of over-recovery), Rs. 43.63 crore for November, and Rs. 17.46 crore for December 2025. The commission approved a net claim of Rs. 767.06 crore (1,390.73 MU) for December 2025.

8JERC passes True-Up order for Lakshadweep Electricity Department for FY 2020-21 and 2021-22
The Joint Electricity Regulatory Commission for Goa and Union Territories issued its Tariff Order on May 18, 2026, approving the True-up of accounts for FY 2020-21 and FY 2021-22 for the Lakshadweep Electricity Department. The order covers detailed assessment of consumer numbers, energy sales, T&D losses, power purchase costs, fuel costs, O&M expenses, capital structure, depreciation, return on equity, and aggregate revenue requirements, and resolves gaps and surpluses from the two financial years for the Union Territory's electricity utility.

8Jharkhand SERC orders true-up of DVC's distribution business for FY 2006-07 to 2011-12
The Jharkhand State Electricity Regulatory Commission issued an order in May 2026 directing the true-up of accounts for the distribution business of Damodar Valley Corporation (DVC) in Jharkhand for the period FY 2006-07 to FY 2011-12. The order follows a detailed public consultation process and examines DVC's Transmission and Distribution costs, Own Generation costs, Sinking Fund contributions, Additional O&M expenses from pay revision, Interest on Temporary Financial Accommodation, Legal expenses, Income Tax, Revenue, and Average Cost of Supply.

8TNERC invites public comment on 3 draft regulations: Multi-Year Distribution Tariff, SLDC charges, BESS rules 2026
The Tamil Nadu Electricity Regulatory Commission on 18th May 2026 issued a press release announcing publication of three landmark draft regulations on its website, inviting public comments within 15 days: TNERC (Multi Year Tariff for Distribution) Regulations, 2026 published 12th May; TNERC (Determination of State Load Despatch Centre Fees and Charges) Regulations, 2026 published 14th May; and TNERC (Battery Energy Storage Systems) Regulations, 2026 published 15th May 2026.

8DERC floats tender for C&AG-empanelled CA firm to intensively audit Delhi DISCOMs; bids due 8 June
The Delhi Electricity Regulatory Commission issued a Tender Notice on May 18, 2026, inviting sealed bids from C&AG-empanelled CA firms for an Intensive Audit of three Delhi electricity distribution companies, BSES Rajdhani Power, BSES Yamuna Power, and Tata Power Delhi Distribution. The audit is being undertaken in pursuance of Supreme Court directions dated August 6, 2025, and implemented through APTEL's suo-moto petition OP-01/2025. Bid proposals must be submitted by 13:00 hours on June 8, 2026.

REGULATORY PETITION & REVIEW

8WBSETCL moves CERC for ISTS tariff on 94.726 km Kolaghat-Baripada line and 73.9 km Santaldih-Chandil corridor
West Bengal State Electricity Transmission Company Limited filed a petition on 18th May 2026 before the Central Electricity Regulatory Commission under Sections 62(1)(b) and 79(1)(d) of the Electricity Act, 2003 for determination of ISTS tariff for the period 2024-29 and true-up for 2019-24. The petition covers Asset 1A: 94.726 km of 400 kV S/C Kolaghat-Baripada Transmission Line (ISTS portion), Asset 1B: 3.874 km of the same line (Loop-out ISTS portion), and Asset 2: 73.9 km of 220 kV S/C Santaldih-Chandil Transmission Line.

8UPERC begins hearing on UPPCL's bid for 4,000 MW thermal power on 25-year DBFOO basis
The UPERC commenced hearing on Petition No. 2338 of 2026 filed by UPPCL for approval to procure 4,000 MW of thermal power capacity from new projects under DBFOO (Design, Build, Finance, Own, Operate) mode for 25 years, sourcing fuel via SHAKTI Policy B(iv). The hearing saw intervention applications from JSW Energy and Lalitpur Power Generation Company Limited, who raised objections to key bid conditions including restriction to new projects only, the mandated 800 MW unit size, and the 2,400 MW cap per bidder.

8UPERC admits BESS petition from Fourth Partner Energy; seeks clarity on retrofitting storage in operating RE plants
The UPERC admitted a petition (No. 2355 of 2026) from Fourth Partner Energy Private Limited and two associated companies seeking regulatory clarity on installing Battery Energy Storage Systems (BESS) in already commissioned and grid-connected renewable energy generating stations. The petitioner highlighted regulatory gaps: existing connectivity procedures do not address BESS integration post-commissioning, raising issues around long-term open access, power injection hours, and BPTA/BPWA agreements for solar projects.

8UPERC admits NTPC's petition to transfer Rihand area distribution licence to UPPCL/PUVVNL
The UPERC admitted a petition filed by NTPC Limited (Petition No. 2372 of 2026) seeking approval for the transfer of Distribution Licence No. 1 of 2011 from NTPC to UPPCL/Purvanchal Vidyut Vitran Nigam Limited for the NTPC Rihand rehabilitation area in Sonbhadra district, Uttar Pradesh. The petition is filed pursuant to the Supreme Court's February 18, 2026 order in Writ Petition No. 1061/1982, and involves payment of Rs. 3,37,72,993 by NTPC to the respondents.

8UPERC forms committee to determine final capital cost of UPRVUNL's 660 MW Harduaganj unit
The UPERC decided to constitute a technical committee to determine the final capital cost of the 1x660 MW Harduaganj Extension Stage-II Thermal Power Station of U.P. Rajya Vidyut Utpadan Nigam Limited (UPRVUNL), following the model used in the Jawaharpur TPS case. The Commission allowed UPRVUNL four weeks to respond to UPPCL's submissions. The matter (Petition No. 2159 of 2024) was heard on May 12, 2026, with provisional tariff arrangements continuing pending final determination.

8UPERC lists Obra C 2x660 MW tariff petition for 14 July; UPRVUNL gets four weeks to reply
The UPERC in Petition No. 2237 of 2025 granted UPRVUNL four weeks to file its reply to detailed submissions made by UPPCL regarding the final capital cost and provisional tariff of the 2x660 MW Obra C Thermal Power Station. The petition under Sections 62 and 86(1) of the Electricity Act, 2003 seeks approval of annual revenue requirements and provisional tariff for the project. The next hearing is listed for July 14, 2026.

8UPERC allows UPRVUNL four weeks to reply in 660 MW Panki Extension TPS case; bills at 80% provisional rate
The UPERC in Petition No. 2233 of 2025 allowed UPRVUNL four weeks to respond to UPPCL's submissions regarding the 1x660 MW Panki Extension Thermal Power Station's final capital cost and provisional tariff. The Commission confirmed that UPRVUNL has been permitted to bill 80% of its claimed fixed charges on a provisional basis, with variable charges at actual. The matter is listed for hearing on July 14, 2026 alongside other UPRVUNL thermal tariff petitions.

8UPERC hears India Glycols petition on tariff for coal-switched co-generation plant; UPPCL seeks 3 weeks
The UPERC in Petition No. 2365 of 2026 heard India Glycols Limited's petition seeking tariff determination for its non-RE captive co-generation plant commissioned in FY 2013-14. IGL sought relief under the Power to Remove Difficulty clause after changing the plant's fuel from biomass (rice husk) to 100% coal. The Commission noted that the applicable tariff may be reduced with the fuel shift. UPPCL was granted three weeks to file its reply; the matter is listed for June 4, 2026.

8UPERC directs Meerut Shamli Transmission to file hard-copy rejoinders; project COD extension sought
The UPERC in Petition No. 2264 of 2025 directed Meerut Shamli Power Transmission Limited to file hard-copy rejoinders to replies filed by UPPTCL, UPPCL, and LTTCs before the Commission and to serve them on all respondents. The matter, which seeks extension of the scheduled commissioning date for a transmission project and stay of coercive measures, was heard on May 14, 2026, with next steps awaited on the procedural compliance front.

8TGGENCO files petition before TERC to adopt tariff for 1,500 MWh BESS under global competitive bidding
Telangana Power Generation Corporation Limited (TGGENCO), headquartered at Vidyut Soudha, Hyderabad, filed a petition under Section 63 of the Electricity Act, 2003 before the Telangana Electricity Regulatory Commission seeking adoption of tariff for 1,500 MWh Battery Energy Storage Systems (BESS) to be deployed at 2 locations of TGTRANSCO's vacant lands under Build-Own-Operate mode with Viability Gap Funding from PSDF and a 15-year tenure. The Southern Power Distribution Company of Telangana and other DISCOMs are listed as respondents. Details
QUARTERLY RESULTS

8GE Vernova T&D India posts record Rs. 62.1 bn FY26 revenue; PAT doubles to Rs. 12.3 bn
GE Vernova T&D India Limited reported a stellar FY 2025-26 with revenue surging 45% YoY to Rs. 62.1 billion, while PAT more than doubled to Rs. 12.3 billion, up 103% YoY. Order bookings for the full year stood at Rs. 147.8 billion, a 37% jump over the previous year. In Q4 FY26 alone, the company clocked Rs. 16.4 billion in revenue, up 42% YoY, and secured a landmark order from Adani Energy Solutions for a 2.5-GW HVDC VSC terminal station for the Khavda-South Olpad renewable power corridor.

8Triveni Turbine reports record FY26 revenue of Rs. 21.81 bn; Q4 revenue up 26.3% YoY at Rs. 6.80 bn
Triveni Turbine Limited reported its highest-ever annual revenue of Rs. 21.81 billion for FY 2025-26, a 9% YoY rise, with exports contributing 58% of the total and growing 30.1% YoY. In Q4 FY26, the company achieved its highest-ever quarterly revenue of Rs. 6.80 billion, up 26.3% YoY, driven by a 45.8% surge in export revenue and a 174.1% spike in export order bookings. Q4 order booking stood at Rs. 7.47 billion, up 19% YoY. EBITDA for Q4 was Rs. 1.44 billion with a margin of 21.2%, while full-year PAT stood at Rs. 3.49 billion.

8JSW Energy clocks record FY26 EBITDA of Rs. 11,041 crore; installed capacity rises 2.6 GW to 13.45 GW
JSW Energy Limited held its Q4 FY26 earnings conference call on May 11, 2026, reporting record annual EBITDA of Rs. 11,041 crore for FY26, with installed capacity growing by 2.6 GW to 13.45 GW and generation rising 58% YoY. Joint MD and CEO Sharad Mahendra noted that India's total power demand grew only 0.9% in FY26, the lowest in five years, due to an extended monsoon, though Q4 saw a recovery. The company said FY26 was pivotal in translating its Strategy 3.0 ambitions into concrete business outcomes.

8POWERGRID FY26 PAT rises 3.7% to Rs. 15,921 crore; Q4 PAT up 5% YoY at Rs. 4,553 crore
Power Grid Corporation of India Limited reported standalone PAT of Rs. 15,921 crore for FY26, a 3.7% YoY rise, on revenue of Rs. 40,904 crore. Q4 FY26 PAT grew 5% YoY to Rs. 4,553 crore. The state-owned transmission giant exceeded its FY26 capex guidance by delivering Rs. 39,967 crore against a target of Rs. 35,000 crore. Works-in-hand pipeline stood at approximately Rs. 1.70 lakh crore with a bidding pipeline exceeding Rs. 1.1 lakh crore, while system availability stood at 99.84%.

8POWERGRID posts Rs. 46,995.88 crore total income for FY26; Q4 standalone income at Rs. 11,954.70 crore
Power Grid Corporation of India Limited published its audited financial results for FY ended 31st March 2026 under Regulations 30 and 47 of SEBI LODR Regulations, 2015. Standalone total income stood at Rs. 46,995.88 crore for the full year, compared to Rs. 46,325.32 crore in FY 2024-25, while quarterly income for Q4 FY 2025-26 was Rs. 11,954.70 crore. Results were communicated to both NSE and BSE on 16th May 2026 by Company Secretary Satyaprakash Dash.

8NTPC's Patratu Unit-2 (800 MW) completes trial run; NTPC Group capacity rises to 90,668 MW
NTPC Limited announced successful completion of trial operation of Unit-2 (800 MW) of Patratu Vidyut Utpadan Nigam Limited (PVUNL), a subsidiary operating in Jharkhand. With this addition, the total installed capacity of the NTPC Group reaches 90,668 MW. The unit has been formally included in NTPC's installed capacity following achievement of approved norms and due approvals, reinforcing NTPC's leading position as India's largest power generator with approximately 17% of India's installed capacity and 22% of generation as of March 2026.

ANNUAL RESULTS

8NHPC board approves audited financial results for FY 2025-26; investor presentation uploaded
NHPC Limited's Board of Directors, at its meeting on May 15, 2026, approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The company has uploaded an investor presentation on its official website. NHPC, India's premier hydropower public sector enterprise classified as a Navratna CPSE, generates green energy from its hydroelectric stations across the country and forms a strategic pillar of India's clean-power generation portfolio supporting national renewable energy transition targets.

8IREDA reports 71.76% growth in green energy financing disbursements in Q4 FY26
Indian Renewable Energy Development Agency Limited (IREDA), a Navratna CPSE under MNRE, released its Akshay Kranti newsletter for January-March 2026 (Q4 FY26), highlighting 71.76% growth in green energy financing disbursements. The agency noted strong performance across solar, wind, hydro, and biomass sectors, supporting India's push to scale up renewable energy capacity toward its national energy transition goals targeting 500 GW non-fossil capacity by 2030.

DIVIDEND & BOARD DECISIONS

8GE Vernova T&D India recommends Rs. 10/share final dividend for FY26; reappoints Sushil Kumar as WTD & CFO
GE Vernova T&D India Limited's Board, at its May 18, 2026 meeting, approved audited financial results for Q4 and FY 2025-26 and recommended a final dividend of Rs. 10 per equity share (500% of face value of Rs. 2), subject to shareholder approval. The board reappointed Deloitte Haskins & Sells as statutory auditors for five years, appointed M/s Ramanath Iyer & Co. as cost auditors for FY 2026-27, and reappointed Mr. Sushil Kumar as Whole Time Director and CFO for five years effective January 1, 2027.

8Triveni Turbine recommends Rs. 2/share final dividend for FY26; approves two independent director reappointments
Triveni Turbine Limited's Board of Directors at its May 18, 2026 meeting approved audited standalone and consolidated financial results for Q4 and FY 2025-26 and recommended a final dividend of Rs. 2 per equity share (200% of face value of Rs. 1) for FY 2025-26, subject to shareholder approval at the AGM on September 9, 2026. The Board also approved the reappointment of Mr. Vijay Kumar Thadani till December 14, 2031 and Mr. Vipin Sondhi till March 16, 2032 as Independent Directors for second terms of five years each.

8POWERGRID elevates three Chief General Managers Jiten Das, Rajiv Gandhi, Sanjay Kumar Gupta to Executive Director
Power Grid Corporation of India Limited disclosed to NSE and BSE on 16th May 2026 that Shri Jiten Das, Shri Rajiv Gandhi, and Shri Sanjay Kumar Gupta, all serving as Chief General Managers, have been promoted to the position of Executive Director (ED), marking a significant change in senior management. The disclosure was made under Regulation 30 of SEBI LODR Regulations, 2015 by Company Secretary Satyaprakash Dash. The promotions strengthen POWERGRID's leadership bench as the company manages approximately 84% of inter-state transmission capacity.

8JSW Energy divests 2.5 crore shares in JSW Steel for Rs. 3,150 crore in strategic liquidity release
JSW Energy Limited sold 2,50,00,000 equity shares of JSW Steel Limited via a bulk deal on the NSE on May 18, 2026, as part of a strategic capital release, realising gross proceeds of Rs. 3,150 crore. The company stated the divestment would improve its Return on Capital Employed and fund its growth strategy under a disciplined capital allocation approach. Post-transaction, JSW Energy's residual holding in JSW Steel stands at 4,50,38,350 equity shares, freeing up resources for the company's ongoing renewable and conventional capacity expansion programmes.

8GE Vernova T&D India to invest Rs. 550 million in new Vallam plant for disconnectors and 362 kV circuit breakers
GE Vernova T&D India Limited's Board of Directors approved an investment of Rs. 550 million on May 18, 2026 to create new manufacturing capacity for Disconnectors and Drives for 362 kV Dead Tank Circuit Breakers at a new facility in Vallam, Tamil Nadu. The company currently has nil capacity in these products; the new facility will serve both domestic and international markets. The first production rollout is expected tentatively by December 2026, funded through internal accruals as the company expands its high-voltage equipment footprint.

EARNINGS CALL & ANALYST MEET

8POWERGRID investor meet in Mumbai shows Rs. 3 lakh crore+ gross fixed assets and 1,84,960 ckm network
Power Grid Corporation of India Limited presented its FY 2025-26 results at an Analysts' and Institutional Investors' Meet on 18th May 2026 in Mumbai, reporting gross fixed assets exceeding Rs. 3 lakh crore on a consolidated basis, a transmission network of 1,84,960 circuit kilometres, transformation capacity of 6,24,016 MVA, 291 substations, and 1,01,180 MW inter-regional capacity representing approximately 84% of India's total inter-regional transfer capacity. The company commissioned the world's first 765 kV digital substation.

8KPI Green Energy Q4 FY26 earnings call cites robust revenue, EBITDA, PAT growth across IPP/CPP segments
KPI Green Energy Limited released the transcript of its Q4 FY26 earnings conference call held on May 12, 2026, hosted by Share India Securities. The management team, including Whole-Time Director Sohil Dabhoya, Group CEO Dr. Alok Das, and CFO Salim Yahoo, described FY 2025-26 as another strong and excellent year with robust growth in revenue, EBITDA, PAT, and cash profit across the company's renewable energy and IPP/CPP portfolio. Management confirmed participation in YES Securities India Manthan 2026 conference on May 21.

8Solar Industries India Q4 FY26 call transcript released; CEO Manish Nuwal highlights strong numbers
Solar Industries India Limited released the transcript of its Q4 FY26 earnings conference call held on May 15, 2026, hosted by Motilal Oswal Financial Services. The call featured CEO and MD Manish Nuwal, Executive Directors Suresh Menon and Milind Deshmukh, and Joint CFOs Moneesh Agrawal and Shalinee Mandhana, who presented the company's audited results for the quarter and year ended March 31, 2026. The transcript discusses operational performance, capex outlook and segment-wise commentary.

8K.P. Energy Q4 FY26 earnings call shows strong wind EPC numbers; investor confidence reaffirmed
K.P. Energy Limited held its Q4 FY26 earnings conference call on May 12, 2026, with management, including Whole Time Director Affan Faruk Patel, Group CEO Dr. Alok Das, Group CFO Salim Yahoo, and CFO Shabana Belim, presenting the audited standalone and consolidated results for the quarter and year ended March 31, 2026. The call, hosted by Share India Securities, was prefaced by moderator Harsh Patel congratulating the company's management on a strong set of financial numbers for the wind energy EPC firm.

8KEC International releases audio recording of Q4 FY26 earnings call held on 18 May
KEC International Limited informed stock exchanges that the audio recording of its Q4 FY26 earnings conference call, held on May 18, 2026 at 10:00 a.m. IST, has been made available on the company's website. The call discussed the audited financial results for the quarter and year ended March 31, 2026. KEC International is a global infrastructure EPC company in the RPG Group, specializing in power transmission, railways, civil, urban infrastructure, and solar segments with operations across multiple countries.

8KP Green Engineering H2 FY26 call discusses record performance under wind EPC vertical
KP Green Engineering Limited held its H2 FY26 earnings conference call on May 13, 2026, covering audited financial results for the half-year and year ended March 31, 2026. The management team, including Whole-Time Director Moinul Kadva, Group CEO Dr. Alok Das, Group CFO Salim Yahoo, and Chief Accounts Officer Ashfak Khan, presented strong performance numbers to analysts and investors hosted by Share India Securities Limited. The discussions covered operational milestones and growth pipeline visibility.

CREDIT RATING & ANALYST REPORT

8ICRA reaffirms NTPC's AAA rating; enhances commercial paper limit to Rs. 20,000 crore
ICRA reaffirmed the ICRA AAA (Stable) rating of NTPC Limited across instruments worth Rs. 2,50,855 crore, including long-term fund-based term loans of Rs. 1,20,000 crore, bonds of Rs. 61,855 crore, and working capital facilities of Rs. 40,000 crore, while enhancing and reaffirming NTPC's commercial paper rating (ICRA A1+) to an enhanced limit of Rs. 20,000 crore from Rs. 10,000 crore. NTPC accounts for approximately 17% of India's installed power capacity and 22% of generation as of March 2026.

8Ayana Kadapa's 250 MW solar plant rating upgraded to CARE AA-; DSCR improves to 1.27x
CareEdge Ratings upgraded the ratings of Ayana Kadapa Renewable Power Private Limited (AKRP) to CARE AA-; Stable for long-term bank facilities worth Rs. 987 crore, from CARE A+; Stable previously. The upgrade follows the early commissioning of the company's 250 MW AC solar plant in Andhra Pradesh on February 28, 2026, a day ahead of the scheduled COD, and improvement in the debt service coverage ratio (DSCR) to a forward-looking 1.27x from the earlier estimate of 1.22x. The project holds a 25-year PPA with SECI at Rs. 2.71 per unit.

8ACME Solar subsidiary APUPL gets ICRA A-(Stable) rating for Rs. 800 crore term loan
ICRA Limited assigned an ICRA A-(Stable) rating to the Rs. 800 crore long-term fund-based term loan of ACME Platinum Urja Private Limited (APUPL), a wholly owned subsidiary of ACME Solar Holdings Limited. APUPL is developing solar-plus-battery storage projects in two phases with contracted capacities of 150 MW (Phase-1) and 200 MW (Phase-2), backed by 25-year PPAs with SECI at a fixed tariff of Rs. 3.42 per unit. The cumulative DSCR on external debt is estimated above 1.25x across the loan tenure.

8ICICI Securities upgrades POWERGRID target to Rs. 360 with BUY rating on 22% upside view
ICICI Securities issued a BUY recommendation on Power Grid Corporation of India with a target price of Rs. 360 (22% upside from CMP Rs. 296), citing a strong transmission capex cycle with works-in-hand of approximately Rs. 1.70 lakh crore and a bidding pipeline exceeding Rs. 1.1 lakh crore. For FY26, POWERGRID's standalone PAT rose 3.7% YoY to Rs. 15,921 crore on revenue of Rs. 40,904 crore. The company exceeded both capex (Rs. 39,967 crore vs Rs. 35,000 crore guidance) and capitalisation targets for FY26.

8CareEdge retains Prasur Electricals at CARE B-/A4 under Non-Cooperating Category; Rs. 14 crore rated
CareEdge Ratings (CARE Ratings Limited) has maintained the ratings of Prasur Electricals and Engineering Company (PEEC) under the Issuer Not Cooperating (INC) category, with long-term bank facilities of Rs. 4.38 crore rated at CARE B-; Stable and short-term bank facilities of Rs. 9.75 crore at CARE A4. PEEC, a Kolkata-based partnership firm established in 1993 engaged in civil and electrical construction across West Bengal, Andaman, and other states, has failed to provide monitoring information despite repeated requests since March 2025.

8Jay Bee Laminations gets PGCIL approval for 765 kV CRGO cores; capacity at 23,340 MTPA in FY26
Jay Bee Laminations Limited, a manufacturer of CRGO silicon steel cores and transformers with three units in Noida and Greater Noida, shared its H2 and FY26 investor presentation highlighting current installed capacity of 23,340 MTPA for CRGO products and 1,000 MVA for transformers. The company received PGCIL approval for 765 kV class CRGO cores in 2026 and holds NABL accreditation. Founded in 1988, the company has exported to over 10 countries and crossed an annual revenue of Rs. 200 crore in FY24. Details
8Daily Excel covering new tenders and all published updates including corrigendum, amendment, addendum, clarification and status revisions, along with technical and financial bid opening, evaluation completion and final award actions including AOC and LOA issuance.
Click on Reports for more Details
 For reference purposes the website carries here the following tenders:
 8Tender for supply of 11 kV and 33 kV jointing kits of different sizes Details
 8Tender for works for providing small and large new electricity connections Details
 8Tender for repairing and maintenance work of H.T. L.T. lines Details
 8Tender for repairing and maintenance work of H.T. L.T. lines and transformers etc. Details
 8Tender for erection of electricity lines Details
 8Tender for supply of 36kV copper XLPE power cable Details
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 8Tender for construction of existing completely damaged at 66 kV S/Stn Details
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 8Tender for providing additional 12.5/16 MVA, 66/11kV transformer Details
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 8Tender for protection work of right bank Details
 8Tender for services of emergency flood warning system Details
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 8Tender for diversion of forest land for (15 MW) including Details
 8Tender for procurement 22kV vertical type air break switches Details
 8Tender for supply of 30kV 10KA lighting arrestor station Details
 8Tender for repair to protection works downstream Details
 8Tender for supply of strong acid cation resin Details
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 8Tender for lumpsum amount on account of any exigency in maintaining project infrastructure/ water conductor Details
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 8Tender for supply and AMC of battery operated platform trolley to various Details
 8Tender for contract for coal sampling supervision witnessing Details
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 8Tender for construction of new control room at 66kV S/Stn Details
 8Tender for resurfacing of road inside substation, extension of road to 11kV yard Details
 8Tender for operation and maintenance of fire protection system and operation of water supply pumps installed Details
 8Tender for biennial service contract for cleaning and disposal of mill rejects Details
 8Tender for exeuction of various structural Details
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 8Tender for procurement of bottom ash and wet ash spares for overhauling Details
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 8Tender for annual rate contract for rotation and replacement of 300 NB MS ash slurry disposal line Details
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 For reference purposes the website carries here the following newsclips:
 8Motilal Oswal sector of the week: Power; Acme Solar, JSW Energy top bets Details
 8Sunstream Green Secures Rs. 700 Crore Refinancing For 250 MW+ Maharashtra Solar Portfolio Details
 8June 2026 DCR Move Raises Questions Around Rooftop Solar Costs, Supply Details
 8Infra Stock in Focus After Securing Rs 469 Crore Solar Project Order From Adani Group Details
 8SLR Solar Launches 800-MW TOPCon Solar Module Manufacturing Facility in Rajasthan, Plans Expansion to 3 GW Details
 8The Rise Of Integrated Solar Tech Ecosystems In India Details
 8Green Energy And Utility Stocks See Broad Consolidation Amid Mixed Market Closing Details
 8Bondada Engineering Secures Rs 469.52 Crore Orders from Adani Group Details
 8Pace Digitek Limited Wins ?7.1 Billion Contract for 250 MW / 500 MWh BESS Project in Tamil Nadu Details
 8KP Group Launches ‘India Ka Asli Power Play’ Campaign Details
 8BEL, ELGI, JSW Energy: Technical Buys Face Valuation Test Details
 8Avaada Group Crosses 17.7 GWp Renewable Energy Capacity Milestone Details
 8India’s Leading Power Generation Company Sells 2.5 Crore Shares of JSW Steel Through Bulk Deal Details
 8India Explores Private Investment Opportunities in Nuclear Sector with US Industry Delegation Details
 8Punjab Govt Launches Underground Power Supply Project to Modernize Electricity Infrastructure Details
 8India's SHANTI Act: Private Sector Entry Fuels Nuclear Growth Details
 8Shehla Sadaf, Chief General Manager (Projects), Power Finance Corporation Limited Details
 8PTC India appoints NHPC's Umesh Kumar Nand as Director Details
 8NTPC Chairman Calls for Self-Reliant Nuclear Expansion as India Targets 100 GW Capacity by 2047 Details
 8Top 6 Stocks to Watch as US Nuclear Delegation Visits India to Explore Opportunities Details
 8CEA Finalizes Standard Transformer Specifications To Improve Power Distribution Efficiency Across India Details
 8NTPC Chief cautions against dependence on single supplier for nuclear technology Details
 8PFC board clears REC merger proposal, to seek President's approval for REC absorption Details
 8NTPC Surpasses 90 GW Capacity with Latest Unit in Patratu Details
 8JPPOWER.NS Stock Surges 6.7% as Power Demand Lifts Utilities Sector Details
 8Bhagwant Mann: State Aims to Become First in India With Large-Scale Underground Electricity Network Details
 You can also click on Newsclips for more Details
8Capacity-charge storage tender signals changing risk allocation in utility-scale BESS procurement
A new battery energy storage procurement is highlighting how utilities are increasingly shifting long-term operational and performance accountability onto private developers rather than limiting contracts to asset installation alone. The structure appears to favour technically prepared participants capable of managing lifecycle execution and availability commitments under a capacity-charge framework.

836 MW/90 MWh BESS race narrows to three players after technical scrutiny
A distributed battery-storage procurement has moved into a tighter competitive phase after technical evaluation reduced the field to three qualified participants. Attention now shifts toward pricing discipline, degradation management, and long-term availability commitments under the storage framework.

8Rs 206 crore BESS cluster narrows to three bidders after technical screening
A utility-scale battery storage cluster has crossed the first major qualification stage, but the deeper contest now lies within the project’s risk structure. Revised site configurations, stringent availability obligations, and a reduced bidder field have materially altered the competitive landscape. Details
8A sharply discounted lead offer has altered the pricing curve in a major mining-services award, highlighting increasingly divergent contractor views on execution exposure and operational risk.
8The spread among the top bidders reveals far more about market confidence and cost assumptions than the headline contract value alone. Details
8A tightly packed bid spread in a major outsourced mining package is revealing a deeper shift inside the coal excavation market. Infrastructure EPC firms are increasingly competing head-on with specialist mining contractors for large production-linked contracts. Details
8A large mining-services package has been awarded below the estimated project value, but the narrower pricing spread points to a far more disciplined competitive environment than headline numbers suggest.
8The contract combines overburden removal, coal extraction, and associated handling operations within a single execution framework. Details
8A high-voltage reactor procurement package has closed at Rs 121 crore, but the tighter signal lies in the complexity of execution rather than headline pricing.
8The scope extends beyond equipment supply into GIS integration, seismic compliance, and transmission-route interface exposure. Details
8Rs 445 crore L1 emerges in underground smart-grid package after technical filter
A large urban underground distribution package has produced a tightly priced L1 outcome, while the broader bidder spread reveals differing contractor assessments of smart-grid integration complexity, municipal execution exposure, and underground cabling risks.

8Rs 763 crore smart-grid race exposes widening EPC risk divide in urban utility modernisation
A major smart-grid and underground distribution package has revealed sharply divergent EPC pricing strategies around integrated utility digitisation and execution exposure. While one bidder stayed relatively aligned with the owner’s estimate, another built substantial contingency loading into its commercial approach.

8Smart-grid package moves into financial stage after aggressive technical filtration
A major underground cabling and smart-grid package has significantly narrowed the bidder field ahead of financial opening, highlighting a qualification approach that appears to prioritise integrated infrastructure execution capability over conventional utility contracting depth. Details
COAL PRODUCTION & OFFTAKE

8PSPCL Guru Gobind Singh Super Thermal Plant Rupnagar recycles 1,64,512 MT pond ash in March 2026; roads sector gets 1,17,395 MT
Punjab State Power Corporation Limited's Guru Gobind Singh Super Thermal Plant Rupnagar (840 MW) reported its ash utilisation data for March 2026: total ash generated was 70,313.30 MT (DFA 48,843.56 MT + Bottom Ash 21,469.74 MT), with grand total ash utilised at 1,64,512 MT from pond ash and 48,844 MT dry ESP fly ash. Cumulative FY 2025-26 utilisation reached 22,79,277 MT. Cement industries received 45,644 MT dry fly ash in March and 6,09,176.38 MT cumulatively in FY26, while road construction received 1,17,395 MT pond ash.

8GGSSTP Rupnagar records 60,321 MT ash generation in April 2026; cement industry receives 46,381 MT dry fly ash in FY27 opening month
PSPCL's Guru Gobind Singh Super Thermal Plant Rupnagar (840 MW) reported April 2026 ash generation of 60,321.19 MT total (DFA 49,881.82 MT + Bottom Ash 10,439.37 MT). Grand total utilisation for the month was 1,01,643.58 MT — cement industries received 46,381.58 MT dry fly ash and 10,030.16 MT pond ash, road construction received 62,944.42 MT pond ash, and bricks/blocks/tiles industries received 3,500.24 MT dry ash and 28,669 MT pond ash. Ash dyke pond availability stands at 81.53 lakh MT. Details
PEAK DEMAND & GRID FREQUENCY

8Grid-India NLDC reports all-India peak demand of 247,403 MW on May 15; RES contributes 17% of 5,897 MU gross generation
National Load Despatch Centre reported All-India peak demand of 247,403 MW at 15:30 hrs on May 15, 2026, with total energy met at 5,423 MU across five regions. The Northern Region alone served 73,813 MW during evening peak while Western Region led with 78,570 MW maximum demand. Coal dominated generation at 69% (4,063 MU), while renewables contributed 989 MU representing 16.76% of total gross generation. India exported 27.30 MU to Nepal and Bangladesh while importing 9.62 MU from Bhutan.

8Grid-India NLDC reports all-India peak demand met of 238,406 MW and energy met of 5,332 MU on May 17
Grid Controller of India's NLDC daily PSP report covered the all-India power system for May 17, 2026. Evening peak demand met across regions totalled 229,166 MW, while maximum demand met during the day reached 238,406 MW. Energy met was 5,332 MU, with hydro generation at 463 MU, wind at 234 MU and solar at 661 MU. All-India energy shortage was 3.30 MU, while peak shortage was 0 MW across all five regions, reflecting overall stable grid performance.

8Grid-India Eastern Region peaks at 32,373 MW on May 17; delivers 680.48 MU amid 0.76 MU deficit
Grid Controller of India reported that the Eastern Region met an evening peak demand of 30,287 MW on May 17, 2026 with zero shortage, while the region's maximum demand for the day reached 32,373 MW at 23:21 hours. Day energy consumption stood at 680.48 MU against a generation of 681.24 MU, leaving a marginal deficit of 0.76 MU, with Bihar recording its highest demand of 8,330 MW at 22:17 hours. West Bengal continued to lead state-wise consumption.

8Grid-India WRLDC serves 71,028 MW evening peak on May 16 with 1,746 MU day energy and zero shortage
Grid Controller of India's Western Regional Load Despatch Centre reported that the Western Region cleared a peak evening demand of 71,028 MW at 50.1 Hz and off-peak demand of 70,599 MW on May 16, 2026, with total day energy of 1,746.1 MU and zero shortage. Maharashtra led state-wise consumption at 686.5 MU, followed by Madhya Pradesh at 327.9 MU and Gujarat at 524.6 MU, while the region's net total generation reached 1,018.6 MU from thermal, hydro, gas, wind and solar combined.

8Grid-India NRLDC faces 255 MW evening peak shortage on May 15; day energy hits 1,600 MU as Northern Region serves 74,068 MW
Grid Controller of India's Northern Regional Load Despatch Centre reported a 255 MW shortage during the 20:00 evening peak on May 15, 2026 against a requirement of 74,068 MW, with day energy consumption reaching 1,600 MU. Uttar Pradesh was the largest state consumer at 542.18 MU, while Rajasthan generated 254.72 MU through its state plants. The overall Northern Region generation stood at 816.89 MU with an actual drawal of 783.51 MU against scheduled 796.92 MU.

8NLDC frequency report May 16: Average dips to 49.971 Hz; grid below 49.7 Hz for 2.16% — tightest deficit of week
Grid Controller of India's NLDC frequency report for May 16, 2026 reveals a notable deterioration from Friday's levels: average frequency fell to 49.971 Hz with FVI of 0.0855, and the grid dipped below 49.7 Hz for 2.16% of the day, the most significant under-frequency incidence of the reporting week. The grid operated outside the IEGC band of 49.9-50.05 Hz for 26.98% of the day. Instantaneous frequency touched 49.50 Hz during some periods, indicating demand-supply stress.

8Grid-India SRLDC: Southern Region meets 55,985 MW peak demand on May 15 — zero shortage reported across all six states
Grid Controller of India Limited's Southern Regional Load Despatch Centre recorded a flawless power supply day on May 15, 2026, with the evening peak demand of 55,985 MW fully met and the region's maximum demand touching 66,753 MW at 12:02 hrs. Tamil Nadu led with 18,485 MW peak demand while Kudankulam nuclear plant delivered 45.78 MU. Total renewable generation crossed 213 MU, wind contributing 83.64 MU and solar 129.3 MU, with no load curtailment reported across all six southern states.

OCC MEETINGS & OUTAGE PLANNING

8WRPC 602nd OCC minutes record March peak demand of 78,712 MW with zero western region shortfall and 6,816 MU export
Western Regional Power Committee held the 602nd OCC meeting on April 24, 2026 at NHPTL, Bina. For March 2026, WRPC recorded maximum regional demand of 78,712 MW and peak shortfall of 0 MW. Net actual energy supplied was 49,815 MU against a requirement of 49,824 MU, leaving only 9 MU shortfall. The western region exported 6,816 MU to other regions against a scheduled export of 7,155 MU, demonstrating strong regional generation surplus management during peak summer demand.

8WRPC 603rd OCC agenda flags April demand at 81,355 MW and 9,436 MU inter-regional export; meeting on May 22 in Mumbai
WRPC scheduled the 603rd OCC meeting for May 22, 2026 at 10:00 hrs in Mumbai. The April 2026 review shows western region maximum demand at 81,355 MW with 0 MW peak shortfall. Net actual energy supplied was 50,063 MU against a requirement of 50,084 MU, leaving 20 MU shortfall. The region exported 9,436 MU against a net export schedule of 9,708 MU. The agenda includes review of inter-regional flows, transmission outages and outage scheduling for the western grid.

8POWERGRID dominates 243rd OCC outage plan as 1,187 requests cover 765 kV, 400 kV and HVDC assets
The 243rd OCC approved outage programme features a large multi-utility shutdown schedule led by POWERGRID, NTPC, THDC, ATIL and BKTL. Key entries include THDC's 250 MW Tehri HPS Unit 4 annual maintenance from June 2 to June 26, 2026. POWERGRID's 765 kV Fatehpur-Sasaram and 400 kV Allahabad-Sasaram lines appear repeatedly for OPGW, PID, insulator and rectification works. The document also includes HVDC Mahindergarh Pole-1 and Pole-2 outages linked to 765 kV D/C KPS-2 Halvad crossing work.

8WRPC 14th ISTS meeting reviews March 2026 trippings and 200 TLAs on POWERGRID Vindhyachal-Satna lines
The 14th ISTS Licensee meeting was held on April 27, 2026 in Mumbai under WRPC chairmanship. POWERGRID WR-II reported outages between March 9 and March 18, 2026 for installing 200 Transmission Line Arresters. The work was linked to 400 kV Vindhyachal-Satna Line-1 and Line-2 to reduce lightning-related trippings. The meeting also reviewed differential relay retrofitting, LBB relay status, spare details, harmonic measurements and 220 kV Vapi-II revival across western region transmission licensees.

REGIONAL ENERGY ACCOUNT

8WRPC December 2025 REA lists VSTPS-I capacity at 1,260 MW and monthly DC of 838.08 million kWh
Western Regional Power Committee's December 2025 regional energy account covers VSTPS-I with a capacity of 1,260 MW. The entitlement table shows total monthly declared capacity of 838,084,514 kWh. Cumulative FY declared capacity reached 7,002,834,893 kWh across beneficiaries. Major beneficiaries include GEB, MPSEB, MSEB, Goa, DNHDDPDCL, TSTRANSCO, Bangladesh and HVDC-linked accounts. The REA serves as the basis for energy accounting and settlement among western region entities.

8WRPC revises April 2026 nuclear and hydro REA using WRLDC meter data for April 27 to May 3 week
Western Regional Power Committee issued Revision-2 of the April 2026 Regional Energy Account for nuclear and hydro stations. The revision was based on WRLDC meter data for the week from April 27, 2026 to May 3, 2026. The document includes beneficiary-wise energy accounting, with totals such as 289,367,424 and 852,489,745 appearing in the REA schedules. Companies and beneficiaries include GUVNL, GETCO, MP Power Trading, CSPDCL, MSEDCL and nuclear/hydro station stakeholders.

8ERPC issues April 2026 SCED settlement account with 0.04% daily delay interest clause for generators
Eastern Regional Power Committee released the SCED settlement account for April 1 to April 30, 2026. The account was prepared under CERC's January 31, 2019 suo motu order and the approved SCED detailed procedure. SCED generators must pay or receive charges within 7/10 working days of the weekly statement. Any delay attracts simple interest of 0.04% per day, with observations allowed within a fortnight. The settlement supports security-constrained economic dispatch operations across the eastern region.

TRANSMISSION LINE ENERGIZATION

8Grid Controller of India reports 3.64% all-India transmission loss for week of May 18-24; weekly injection 17,482.95 MU
Grid Controller of India Limited, through its National Load Despatch Centre, announced an All-India Transmission Loss of 3.64% for the period May 18-24, 2026. The computation is based on a previous week's total injection of 17,482.95 Million Units into the Inter-State Transmission System against a drawal of 16,871.70 MU, with exempted Renewable Energy injection of 704.53 MU. The calculation follows CERC Sharing of Inter-State Transmission Charges and Losses Regulations, 2020, effective from November 1, 2020. Details
CEA & GRID STANDARDS

8CEA and AIDA release standard technical specs for CRGO core distribution transformers; India has 1.82 crore DTs with 9.44 lakh MVA capacity
The Central Electricity Authority, through its Distribution Planning & Technology Division, released standardised technical specifications for Single-Phase and Three-Phase CRGO Core Distribution Transformers (Part-I) on May 14, 2026, developed by an AIDA Committee with representation from CEA, DISCOMs, IEEMA and ISGF. The document highlights that India currently has approximately 1.82 crore Distribution Transformers installed with a total transformation capacity exceeding 9.44 Lakh MVA, the largest single equipment group in the distribution network.

8GERC drafts new Gujarat Electricity Grid Code 2026 superseding 2013 regulations to govern 66 kV+ operations and renewable integration
The Gujarat Electricity Regulatory Commission released the Draft Gujarat Electricity Grid Code 2026, a comprehensive overhaul of grid operation standards that will supersede the existing Gujarat Electricity Grid Code, 2013. Drafted under Sections 181, 39, 40, 42 and 86(1-h) of the Electricity Act, 2003, the new code sets rules for all participants in Gujarat's power system, including generation, transmission and distribution entities, covering Extra High Voltage systems of 66 kV and above, while incorporating frameworks for Battery Energy Storage Systems, Renewable Energy integration and cybersecurity through CERT standards.

MINISTRY OF POWER

8POWERGRID Independent Director Sajal Jha completes tenure on May 15, 2026 after Ministry of Power appointment
Power Grid Corporation of India Limited informed exchanges on May 16, 2026 that the tenure of Smt. Sajal Jha (DIN: 09402663) as Non-Official Independent Director has concluded on May 15, 2026, as per the Ministry of Power order dated May 16, 2025. She has accordingly ceased to be a member of POWERGRID's board from that date. The company trades on NSE as POWERGRID and BSE under code 532898 with ISIN INE752E01010, with the directorial change reported under SEBI LODR Regulations.

8POWERGRID promotes three CGMs Jiten Das, Rajiv Gandhi and Sanjay Kumar Gupta to Executive Director level from May 15
Power Grid Corporation of India Limited disclosed on May 16, 2026 that three Chief General Managers have been elevated to Executive Director (one level below the Board), effective May 15, 2026. Shri Jiten Das brings over three decades of experience in AC/DC substation management, Shri Rajiv Gandhi has expertise in transmission line engineering with a PGDM from MDI, and Shri Sanjay Kumar Gupta has been similarly promoted as per service rules. The promotions strengthen POWERGRID's leadership bench in transmission operations.

MNRE & BEE

8APSPDCL submits Q4 FY 2025-26 energy accounting data to BEE under EC Act 2001 mandate; CMD L. Siva Sankar heads Tirupati DISCOM
Southern Power Distribution Company of Andhra Pradesh Limited, established in 2000 and headquartered in Tirupati, submitted its Q4 FY 2025-26 Energy Accounting data to the Bureau of Energy Efficiency as mandated under the EC Act, 2001 gazette notification of October 7, 2021. The structured data, covering energy flows, distribution losses, and technical parameters for the period January 1 to March 31, 2026, was prepared by Energy Auditor P. Lokeswara Reddy (Registration No. EA-10877) and submitted under the leadership of CMD Sri L. Siva Sankar.

8APSPDCL files Q4 energy audit report for January to March 2026 with BEE Director under EC Act 2001 mandate for DISCOMs
Southern Power Distribution Company of Andhra Pradesh Limited formally submitted its Periodic Energy Accounting Report for Q4 of FY 2025-26 (January 1 to March 31, 2026) to Sri Milind Deore, Director, Bureau of Energy Efficiency, 4th Floor, Sewa Bhawan, R.K. Puram, New Delhi. The submission, under CGM/EC/APSPDCL reference, follows BEE's October 2021 gazette notification mandating periodic energy accounting for all electricity Distribution Companies under the Energy Conservation Act, 2001, with Chief General Manager K. Audiseshaiah as Nodal Officer.

TENDERS & PROCUREMENT (GeM/NIT)

8HESCOM invites Expressions of Interest from Practising Company Secretaries for Secretarial Audit of FY 2025-26 and 2026-27
Hubli Electricity Supply Company Limited, a wholly owned Government of Karnataka undertaking, issued a notification on April 24, 2026, inviting Expressions of Interest from eligible Practising Company Secretaries and Firms for conducting the Secretarial Audit for FY 2025-26 and 2026-27 under Section 204 of the Companies Act, 2013. Interested parties were asked to submit sealed quotations along with firm profile to HESCOM's Corporate Office at Vidyut Bhavana, Gopanakoppa, Hubballi-580023 by May 7, 2026, before 5:30 PM.

8KSEB sanctions five new desktop systems for Power System Engineering Wing bypassing GeM due to after-sales service gaps
Kerala State Electricity Board Limited issued Office Order D(T & SO) No. 648/2026 on May 14, 2026, sanctioning the procurement of 4 new desktop systems for the Power System Engineering Wing and 1 new desktop system with an additional monitor for the Director (Transmission & System Operation), bypassing the Government e-Marketplace portal. The Chief Engineer (IT, CR & CAPS) was authorised to procure through competitive quotations from reputed IT resellers, as most GeM-listed suppliers are located outside Kerala and have provided unsatisfactory after-sales service.

8WBPDCL announces monthly fuel cost adjustment for April 2026: Kolaghat at 48 paise per kWh, Santaldih tops at 52 paise per kWh
West Bengal Power Development Corporation Limited announced the Monthly Fuel Cost Adjustment for April 2026 under Notification No. WBPDCL/MFCA/26-27/01 dated May 12, 2026. Total normative gross generation across 7 stations stood at 2,682.55 MU, with total coal consumption of 17,55,979 MT at an average price of Rs. 3,520.76 per MT and total fuel cost at Rs. 645.78 crore. Santaldih recorded the highest adjustment at 52 paise per kWh, while Bakreswar was lowest at 29 paise per kWh, recoverable from all electricity purchasers under WBERC purview.

8CMPDI and MECL sign strategic MoU for coal and mineral exploration cooperation in presence of Minister Satish Chandra Dubey
Central Mine Planning & Design Institute Limited and Mineral Exploration and Consultancy Limited signed a Memorandum of Understanding on May 14, 2026 at Ranchi in the presence of Union Minister of State for Coal and Mines Shri Satish Chandra Dubey. The MoU aims to facilitate collaboration in coal and non-energy mineral exploration to enhance India's national mineral inventory and support new mine development under the Atmanirbhar Bharat vision, with CMDs of both CMPDI and CCL Shri Chaudhari Shivraj Singh and Shri Nilendu Kumar Singh present at the review meeting.

8Bharat Coking Coal Limited reshuffles 10 senior mining executives in major posting transfer drive across mining operations
State-run Bharat Coking Coal Limited, listed on BSE under Scrip Code 544678, disclosed a sweeping senior management reshuffle on May 16, 2026, involving 10 General Managers across its mining operations. Key moves include Shri Bishnu Kant Jha's appointment as Area General Manager at Katras Area and Shri Satyakam Anand's transfer from SECL to Govindpur Area, all effective upon assumption of charge. The reshuffle aims to strengthen mining operations leadership across BCCL's key coalfield areas.

8HERC seeks FPPAS recovery details from UHBVNL and DHBVNL for FY 2025-26; case listed for arguments on June 10
UHBVNL and DHBVNL filed HERC Petition Nos. 07 and 18 of 2026 on monthly FPPAS recovery issues. The discoms sought exemption from monthly Fuel and Power Purchase Adjustment Surcharge recovery for FY 2025-26. HERC asked for details on FPPA recovery, outstanding recovery plan and November 2025 prior-period expenses. The case was listed for arguments on June 10, 2026. The petitions concern the discoms' challenges in monthly fuel surcharge recovery from consumers and pending true-up adjustments. Details
SOLAR POWER

8CEA records India generates 4,683 MU renewable energy on May 14; Rajasthan tops with 250 MU wind-solar output
Central Electricity Authority daily renewable generation report for May 14, 2026 shows All India actual renewable output of approximately 4,683 MU including imports, with Rajasthan leading all states at 250.04 MU for the day driven by 207.07 MU of solar and 40.30 MU of wind. Gujarat followed with 321.23 MU while the Western Region collectively generated 427.12 MU, and cumulative renewable output for May 2026 up to 14 May from the Northern Region alone reached 3,908.40 MU.

8NLDC REMC: Solar hits 56,606 MW contribution during peak hours on May 16; VRE penetration at 25.88%
Grid Controller of India's NLDC Renewable Energy Management Centre reported that on May 16, 2026, combined Variable Renewable Energy (wind + solar) contributed 64,348 MW during solar hours (06:00-18:00), representing a 25.88% penetration rate. Solar alone hit 56,606 MW contribution during maximum demand of 248,681 MW at 15:32 hrs. During non-solar hours, wind energy sustained 10,401 MW at 4.32% penetration during peak demand of 240,653 MW at 22:40 hrs, marking a milestone for India's renewable integration capability.

8Insolation Energy board clears Rs. 395.19 crore preferential allotment monitoring report for Q4 FY26 with zero deviation
Insolation Energy Limited held a swift 13-minute board meeting on May 15, 2026, from 12:14 PM to 12:27 PM, where it approved the Monitoring Agency Report by CARE Ratings Limited on utilisation of Rs. 395.19 crore raised through preferential issue of equity shares. The report for the quarter ended March 31, 2026 confirmed no deviation from stated objects. The submission was made under SEBI ICDR Regulation 162A. The company trades on BSE under code 543620 and on NSE as INA.

8Inox Green Energy Services CARE Ratings confirms zero deviation in Rs. 1,050 crore preferential issue proceeds for Q4 FY26
Inox Green Energy Services Limited, INOXGFL Towers, Noida, filed the Monitoring Agency Report issued by CARE Ratings Limited (Report No. CARE/NRO/GEN/2026-27/1047) under Monitoring Agency Agreement dated June 26, 2024 for the quarter ended March 31, 2026. The report confirmed nil deviation from stated objects in the utilisation of Rs. 1,050 crore raised through a Preferential Issue under SEBI ICDR Regulation 162A. The Audit Committee and Board reviewed the report at their meetings held on May 14, 2026.

8KPI Green Energy grants 26,261 stock options at exercise price of Rs. 35 per share under ESOP 2023 with 1-year vesting lock-in
KPI Green Energy Limited disclosed on May 15, 2026 that its Nomination and Remuneration Committee approved the grant of 26,261 stock options to an eligible employee under KPI Green ESOP 2023. Each option converts into 1 equity share of face value Rs. 5 at an exercise price of Rs. 35 per share. All options vest at the end of 1 year from the date of grant and must be exercised within 3 months of vesting. The company trades on BSE under code 542323 and on NSE as KPIGREEN.

8Zelio E-Mobility Brickwork Ratings confirms zero deviation in Rs. 78.34 crore IPO proceeds in second monitoring agency report
Zelio E-Mobility Limited, Hisar, Haryana, submitted the Second Monitoring Agency Report (Report No. BWR/2026-27/IPM/ZEML/02) issued by Brickwork Ratings India Private Limited on May 15, 2026 under Monitoring Agency Agreement dated August 18, 2025. The report, prepared for the half-year ended March 31, 2026, confirmed no deviation from stated objects in the utilisation of IPO proceeds aggregating Rs. 78.34 crore raised through Fresh Issue and Offer for Sale. The submission supports continued IPO compliance under SEBI norms.

WIND & HYBRID POWER

8Borosil Renewables Q4 FY26 investor call transcript released; management discusses FY26 results amid solar glass headwinds
Borosil Renewables Limited released the transcript of its Q4 FY26 results conference call held on May 13, 2026, hosted by Axis Capital's Rohan Gheewala. The call featured Executive Chairman Mr. P. K. Kheruka, CEO Mr. Melwyn Moses and CFO Mr. Sunil Roongta who discussed the company's standalone and consolidated financial results for the year ended March 31, 2026 along with the fourth quarter performance. The company trades on BSE under code 502219 and on NSE as BORORENEW.

STORAGE & GREEN HYDROGEN

8TNERC drafts comprehensive BESS Regulations 2026 with 80% round-trip efficiency mandate and storage capacity charge
The Tamil Nadu Electricity Regulatory Commission released the Draft Tamil Nadu Electricity Regulatory Commission (Battery Energy Storage Systems) Regulations, 2026, a landmark 9-part regulatory framework covering procurement, tariff, technical standards, open access and ancillary services for Battery Energy Storage Systems across Tamil Nadu. The draft mandates a minimum Round-Trip Efficiency requirement and specifies a Minimum Capacity Utilisation Factor for RE-BESS projects, with tariff structures covering co-located solar, wind and conventional generators under Section 62 of the Electricity Act, 2003.

8GERC drafts 119-page Grid Interactive Distributed Renewable Energy Regulations 2026 replacing net metering rules of 2016
The Gujarat Electricity Regulatory Commission released a comprehensive 119-page Draft Regulation titled Gujarat Electricity Regulatory Commission (Grid Interactive Distributed Renewable Energy Sources) Regulations, 2026, set to repeal the GERC Net Metering Rooftop Solar PV Grid Interactive Systems Regulations, 2016. The draft, exercising powers under Sections 42, 61, 66, 86(1)(e) and 181 of the Electricity Act, 2003, covers Bidirectional Metering, Battery Energy Storage Systems, RESCO business models and various categories of distributed generation including prosumers and embedded generation units across Gujarat.

8MPERC seeks comments by June 9 on 2024 renewable grid regulation amendments under RG-39(II)
Madhya Pradesh Electricity Regulatory Commission issued a public notice for amendments to RG-39(II) of 2024. The draft concerns Grid Interactive Renewable Energy Systems and Related Matters Regulations. Stakeholders can submit comments until June 9, 2026 by post, email or fax. MPERC scheduled the public hearing for June 16, 2026 at 12:00 hrs in hybrid mode. The amendments aim to update Madhya Pradesh's renewable energy grid integration framework to align with national grid code updates.

POLICY & INCENTIVES

8MNRE approves Rs. 2,584.60 crore Small Hydro Power Development Scheme for 1-25 MW projects through FY 2030-31
The Ministry of New and Renewable Energy approved the Small Hydro Power Development Scheme for FY 2026-27 to FY 2030-31. The total financial outlay is Rs. 2,584.60 crore, including Rs. 96 crore committed liabilities from previous SHP schemes. The largest component is Rs. 2,532.60 crore CFA support for 1 MW to 25 MW SHP projects. Solar Energy Corporation of India Limited will act as the National Programme Implementing Agency. The scheme aims to accelerate small hydro project development in hilly and remote regions.

8Fujiyama Power Systems commissions 1 GW MonoPERC DCR solar cell facility eyeing Rs. 20,000 crore PM Surya Ghar Yojana opportunity
Fujiyama Power Systems Limited presented at an analysts and investors meet on May 15, 2026 highlighting its FY26 revenue from operations of Rs. 26,545 million, a 72.3% year-on-year jump. The company commissioned a 1 GW MonoPERC DCR solar cell manufacturing facility to tap into the Rs. 20,000 crore PM Surya Ghar Yojana opportunity, with 7 million-plus residential solar installations still untapped. The 1,200 MW TOPCon solar cell facility at Ratlam, Madhya Pradesh is being set up for an investment of around Rs. 350 crore.

8HPERC schedules May 20 public hearing on Generic Levellised Tariff for Biomass Gasifier power projects up to 5 MW for FY 2026-27
The Himachal Pradesh Electricity Regulatory Commission, Shimla, published a public notice dated May 12, 2026 announcing a public hearing on May 20, 2026 at 11:30 AM at HPERC's Shimla office in the matter of Suo-Motu Petition No. 04/2026 for determination of Generic Levellised Tariff for Biomass Gasifier based Power Projects up to 5 MW for FY 2026-27. A prior public notice was published on April 8, 2026 in The Tribune and Dainik Bhaskar, with last date for objections being May 11, 2026.

8PXIL revises May 2026 second REC trading session to May 29 due to Id-ul-Zuha bank holidays in Delhi and Mumbai
Power Exchange India Limited issued Circular No. PXIL/Operations/2026-2027/477 on May 12, 2026 to notify members that the second Renewable Energy Certificate trading session for May 2026 has been rescheduled from the standard last Wednesday (May 27, a Delhi bank holiday) and Thursday (May 28, a Mumbai bank holiday) to Friday, May 29, 2026, on account of Id-ul-Zuha. The revision was made pursuant to communication from GRID-INDIA dated May 12, 2026. Members can contact Market Operations for clarifications.

8India's captive power sector faces triple overhaul: Electricity Amendment Rules 2026, Draft NEP 2026 and evolving GST treatment of ITC
A detailed analysis published on May 15, 2026 outlines how India's captive power sector, governed for over two decades by the Electricity Act 2003 and Electricity Rules 2005, is undergoing simultaneous transformation across three fronts. The new Electricity (Amendment) Rules 2026 revise the mandatory 26% ownership and 51% consumption thresholds for captive generation, while the Draft National Electricity Policy 2026 sets new sector direction, and the GST framework's position on Input Tax Credit for capital expenditure on captive plants adds further commercial complexity. Details
PPA SIGNING & APPROVAL

8UPERC sets July 16 hearing for UPPCL 10 MW bagasse power APPA with Tikaula Sugar Mills in Muzaffarnagar
UPPCL filed Petition No. 2378 of 2026 before UPERC for approval of an APPA dated February 21, 2026. The agreement concerns sale of 10 MW bagasse-based power from Tikaula Sugar Mills Limited. The power will come from a 16 MW unit at Village Tikaula, District Muzaffarnagar. UPERC listed the hearing for July 16, 2026 at 11:00 hrs. The petition supports bagasse-based cogeneration as part of Uttar Pradesh's renewable energy diversification beyond solar and wind power.

8HPERC reserves order on joint petition for Long-Term PPA approval between HPSEBL and Shree Khand Mahadev for 1.50 MW Bagipul project
The Himachal Pradesh Electricity Regulatory Commission admitted Filing No. 189 of 2026 on May 15, 2026, a Joint Petition filed by HPSEBL and M/s Shree Khand Mahadev Hydro Energy Pvt. Ltd. under Section 86(1)(b) of the Electricity Act, 2003. The petition seeks approval of a Long-Term Power Purchase Agreement for the 1.50 MW Bagipul Hydro Electric Project located on Sarahan Nallah, a tributary of Kurpan Khad and of Satluj River, District Kullu, Himachal Pradesh, at Generic Levellised Tariff. The Commission reserved its order.

8HPERC admits Kundan Hydro plea to declare year-2000 PPA non-est; seeks fresh agreement for 4.50 MW Luni Hydro project
The Himachal Pradesh Electricity Regulatory Commission admitted Filing No. 171 of 2026 on May 15, 2026 in the matter of M/s Kundan Hydro (LUNI) Pvt. Ltd. versus HPSEBL and State of HP. Filed under Sections 86(1)(a), (b), (e) and (f) of the Electricity Act, 2003, the petition seeks declaration that the Power Purchase Agreement dated May 31, 2000 between HPSEBL and Subhash Projects and Marketing Ltd. is non-est and unenforceable, and requests a fresh PPA for the entire 4.50 MW capacity of the Luni Hydro Electric Project at HPERC-determined tariff.

8Omish Solar PV files HPERC petition against HPSEBL for applying Rs. 3.38 per unit instead of Rs. 3.98 per unit tariff to 500 kW project
The Himachal Pradesh Electricity Regulatory Commission admitted Filing No. 187 of 2026 on May 15, 2026 in the matter of M/s Omish Solar PV Project versus HPSEBL. The petitioner's 500 kW solar PV project at Village Danigurchal, Tehsil Nurpur, District Kangra, alleges that HPSEBL has wrongfully applied a tariff of Rs. 3.38 per unit as per tariff order dated July 22, 2021, instead of the applicable tariff of Rs. 3.98 per unit from the date of COD as per PPA dated October 9, 2020. HPSEBL sought two weeks for reply, with next hearing on June 19, 2026.

WORK ORDERS & SUPPLY CONTRACTS

8KSEB moves to gazette-notify 351-metre 66 kV multi-circuit line at Ambalamughal sub-station under Kalamassery Circle
Kerala State Electricity Board Limited initiated gazette notification procedures on May 14, 2026, for the construction of a 351-metre, 66 kV multi-circuit transmission line as part of the development of a new 220/66 kV system at the 220 kV Sub-Station at Ambalamughal compound under Transmission Circle, Kalamassery. The Deputy Chief Engineer (Transmission Circle, Kalamassery) forwarded the draft gazette notice to the Chief Engineer (IT & Customer Relations) at KSEB's Thiruvananthapuram headquarters for urgent publication in the Kerala Gazette.

8MePDCL cancels RFP for 11 kV and 33 kV fault passage indicators floated under Eastern Zone Distribution Circle
Meghalaya Power Distribution Corporation Limited issued a formal cancellation notice on May 14, 2026, withdrawing its Request for Proposal originally floated on April 28, 2026 under letter No. MePDCL/CE(D)/EZ/T-48/Pt-III/2026-27/1, for procurement of Master and Slave Fault Passage Indicators/Sensors (FSI/FPS) for 11 kV and 33 kV voltage levels under the Eastern Zone Distribution Circle. The cancellation, citing unavoidable reasons, was notified by the Chief Engineer (Distribution) Eastern Zone.

8MePDCL launches AI-powered WhatsApp chatbot and bulk SMS platform to modernise consumer communication in Meghalaya
Meghalaya Power Distribution Corporation Limited announced on May 13, 2026 its plan to deploy an integrated WhatsApp Business Messaging Solution, AI-based Chatbot and Bulk SMS platform to overhaul consumer communication. The initiative, driven by the Chief Engineer (Commercial), aims to deliver real-time billing information, payment confirmations, outage notifications and service alerts, improving collection efficiency and consumer transparency. Consumers were urged to share or update their WhatsApp numbers with MePDCL meter readers during the next billing cycle.

8Hindustan Power Exchange initiates reverse auction for CESC Limited covering thermal energy delivery from May 22 to 31
Hindustan Power Exchange Limited (formerly Pranurja Solutions Ltd) issued Circular No. HPX_RA_00956 on May 15, 2026 for a Single-Side Reverse Auction initiated by buyer CESC Limited. The auction covers thermal energy delivery from May 22 to May 31, 2026 in two daily blocks (00:00-04:00 hrs and 16:00-24:00 hrs), each requiring 50 MW minimum with 5 MW minimum bid quantity. Seller interest submission closes May 18 and e-Reverse Auction runs from 16:00 to 18:00 hrs on May 18, 2026.

CAPACITY COMMISSIONING

8Fujiyama Power Systems commissions 2,000 MW solar panel manufacturing facility at Ratlam; total capacity rises to 3,568 MW
Fujiyama Power Systems Limited announced on May 14, 2026 the commissioning of its 2,000 MW solar panel manufacturing facility at Ratlam, Madhya Pradesh as part of a greenfield expansion. With this addition, the company's total solar panel manufacturing capacity has reached 3,568 MW. The plant will initially operate at an annualised capacity of approximately 1,000 MW on single-shift basis, scaling up to full utilisation by Q4 FY27. Battery and inverter manufacturing lines at the same facility experienced delays due to geopolitical supply chain disruptions.

8CEA hosts SHANTI Act workshop with NTPC to chart India's 100 GW nuclear power roadmap by 2032
The Central Electricity Authority in association with the Ministry of Power and NTPC Limited organised a full-day workshop on April 17, 2026 at Scope Convention Centre, New Delhi, on the Sustainable Harnessing and Advancement of Nuclear Technology for India (SHANTI) Act, 2025 which received Presidential assent in December 2025. Discussions spanned 7 sessions including CEA's Long-Term National Resource Adequacy Plan, the criticality of Kalpakkam's 500 MW PFBR on April 6, 2026, and the commercial launch of 700 MW PHWR units at Kakrapar and Rawatbhata.

8HPERC grants Tidong Power interim connectivity for additional 50 MW from 3x50 MW Tidong-I HEP medium-term till June 2029
The Himachal Pradesh Electricity Regulatory Commission admitted Filing No. 180 of 2026 on May 15, 2026 filed by M/s Tidong Power Generation Pvt. Ltd. seeking interim connectivity and Short-Term Open Access for an additional 50 MW from the 3x50 MW (150 MW) Tidong-I HEP. HPPCL's no-objection letter dated May 13, 2026 confirmed it has no objection to temporary utilisation for carrying 50 MW power on medium-term open access for a minimum 3 years up to June 30, 2029. Next hearing is on June 2, 2026.

EQUITY & STAKE ACQUISITION

8ICICI Bank offloads 24.35 crore shares or 3.55% stake in Jaiprakash Power Ventures; holding drops from 9.97% to 6.42%
ICICI Bank Limited disclosed on May 16, 2026 under SEBI Takeover Regulations that it sold an aggregate of 24,35,00,000 equity shares (face value Rs. 10 each) of Jaiprakash Power Ventures Ltd in multiple tranches, with the last tranche on May 15, 2026. This 3.55% divestment reduces ICICI Bank's stake from 68,33,61,064 shares (9.97%) to 43,98,61,064 shares (6.42%) of the company's issued and paid-up equity share capital. The transactions reflect ICICI Bank's continued stake reduction in the power producer.

8NCLT Bengaluru sanctions Kirloskar Electric merger of 4 wholly-owned subsidiaries with appointed date of April 1, 2024
Kirloskar Electric Company Limited, Peenya, Bengaluru, received on May 15, 2026 at 9:56 AM the NCLT Bengaluru Bench order dated April 30, 2026 (CP (CAA) No. 22/BB/2025) sanctioning the merger by absorption of four wholly-owned subsidiaries: KELBUZZ Trading Private Limited, Luxquisite Parkland Private Limited, SLPKG Estate Holdings Private Limited and SKG Terra Promenade Private Limited into KECL with effect from April 1, 2024, under Sections 230-232 of the Companies Act, 2013.

8Ola Electric approves investment in two wholly-owned subsidiaries OCT and OET with combined FY25 turnover of Rs. 4,790 crore
Ola Electric Mobility Limited announced on May 15, 2026 that its board approved proposed investments in two wholly-owned subsidiaries: Ola Cell Technologies Private Limited, which posted FY 2024-25 turnover of Rs. 73.00 crore, and Ola Electric Technologies Private Limited, which posted FY 2024-25 turnover of Rs. 4,717.48 crore. The 22-minute board meeting confirmed both transactions are on an arm's length basis with no promoter or promoter group interest. The investments support Ola's vertical integration in EV manufacturing.

8UHBVNL seeks HERC approval for 250 MW/500 MWh Haryana BESS procurement via SJVN with back-to-back BESA agreement
UHBVNL filed Petition No. 23 of 2026 for source approval of a 250 MW/500 MWh standalone BESS. The proposal includes a back-to-back Battery Energy Storage Sale Agreement with SJVN Limited. HERC allowed UHBVNL two weeks to file details sought in the April 30, 2026 interim order. The matter was listed for arguments on June 10, 2026. The procurement marks one of Haryana's largest battery storage tenders aimed at peak load management and renewable integration support.

8SJVN seeks HERC tariff adoption for 250 MW/500 MWh standalone BESS in Haryana with two-hour discharge cycle
SJVN Limited filed HERC Petition No. 28 of 2026 for adoption of tariff discovered through competitive bidding. The project is a 250 MW/500 MWh standalone Battery Energy Storage System in Haryana. Respondents include UHBVNL and Hardi Hydro Energy Private Limited. HERC sought justification on tariff competitiveness, two-hour discharge cycle, land support, and charge-discharge responsibility. The tariff adoption is critical for India's emerging battery storage market and supports peak management in Haryana.

8UPERC to hear UPPCL-MPPMCL 1,130 MWh battery storage joint procurement case on May 28 under 15-year competitive bid model
UPPCL filed Petition No. 2380 of 2026 for long-term joint procurement of battery storage energy. The proposal covers 1,130 MWh from Battery Energy Storage Systems through competitive bidding. UPPCL and Madhya Pradesh Power Management Company Limited are the joint procurers for a 15-year period. UPERC scheduled the admission hearing for May 28, 2026 at 11:00 hrs in Lucknow. The petition represents one of the largest BESS joint procurement initiatives between two state DISCOMs in India.

8Premier Energies shifts 4 GW solar PV cell project location from Ranga Reddy Telangana to Tirupati Andhra Pradesh per CRISIL report
Premier Energies Limited submitted its IPO Monitoring Agency Report for Q4 FY26 issued by CRISIL Ratings Limited (Report No. 1CRL/MAR/PRSSPL/2025-26/1743). The report disclosed a deviation from the original IPO object: the location of the 4 GW solar PV cell project under Object 1 was changed from Ranga Reddy District, Telangana to Tirupati District, Andhra Pradesh, pursuant to a special shareholder resolution dated April 6, 2025. The range of deviation was stated as not applicable. Details
COMMISSION ORDERS (CERC/SERC)

8CERC approves transmission charges for SR and ER Power Transmission's new inter-regional grid corridor linking 34+ entities
The Central Electricity Regulatory Commission on May 14, 2026, adopted transmission charges under Section 63 of the Electricity Act, 2003 for SR and ER Power Transmission Limited, a 100% wholly owned subsidiary of Power Grid Corporation of India Limited, for a new inter-regional transmission system. The order, passed under Petition No. 120/AT/2026, directly impacts power distribution across 34+ entities spanning six southern and eastern states, marking a significant step in India's One Nation One Grid mission.

8CERC upgrades Greenko Energies inter-state trading licence from Category III to Category I; firm now eligible to trade 7,000 MUs annually
The Central Electricity Regulatory Commission on May 14, 2026 upgraded Greenko Energies Private Limited's inter-state electricity trading licence from Category III to Category I under Petition No. 136/TD/2026. The Hyderabad-based company, which received its original licence in 2008, now has the authority to trade up to 7,000 Million Units of electricity annually, with a minimum net worth threshold of Rs. 50 crore required for such a licence upgrade. The move boosts India's green power trading ecosystem.

8CERC grants Category V inter-state trading licence to Pune-based Neufo Technologies; firm met Rs. 2 crore net worth threshold
The Central Electricity Regulatory Commission on May 14, 2026 granted a Category V inter-state trading licence to Neufo Technologies Private Limited, a Pune-based firm, under Petition No. 93/TD/2026. The company, which had a qualifying net worth of Rs. 2 crore and maintained the minimum current and liquidity ratio of 1:1 as required under CERC Trading Licence Regulations, 2020, received the licence to trade electricity across all of India. Public notices in The Times of India and Economic Times across multiple cities in February 2026 drew no objections.

8GERC admits GUVNL petition to adopt wind power tariff from 250 MW Phase X competitive bidding; Patel Infrastructure among respondents
Gujarat Urja Vikas Nigam Limited filed Petition No. 2645 of 2026 before GERC on May 15, 2026, seeking adoption of tariff discovered through Competitive Bidding under RfS No. GUVNL/250 MW/Wind (Phase X) dated September 26, 2025, for procurement of 250 MW of grid-connected wind power in Gujarat. The petition names Patel Infrastructure Limited, Alfanar Power Limited, K.P. Energy Limited and Powerica Limited as respondents. GERC, chaired by Pankaj Joshi, admitted the petition and is set to approve PPAs with selected developers.

8Gujarat DISCOMs seek GERC nod to slash supervision charges from 15% to 2.5% on consumer-installed equipment
In a major tariff rationalisation move, Dakshin Gujarat Vij Company Limited, along with co-petitioners Madhya, Uttar, and Paschim Gujarat Vij Companies, filed Petition No. 2604 of 2026 before GERC on May 14, 2026, seeking approval to levy supervision charges at 2.5% instead of the current 15% on estimated costs for consumer-erected equipment including Ring Main Units, Compact Sub-Stations, High Tension Metering Cubicles, Vacuum Circuit Breakers, and LT underground cables. The GERC bench, chaired by Pankaj Joshi, admitted the petition for detailed hearing.

8HERC asks HPPC to renegotiate 495 MW solar tariff discovered at Rs. 2.86 to Rs. 2.97 per kWh from seven developers
Haryana Power Purchase Centre sought HERC approval for 495 MW solar power procurement from seven developers under a 500 MW solar RfS floated on September 11, 2025. The discovered tariff ranged from Rs. 2.86 per kWh to Rs. 2.97 per kWh, which HERC observed appeared on the higher side. HPPC was directed to renegotiate and file a revised proposal within one week, with the next hearing scheduled for May 26, 2026. The order was issued under Section 63 of the Electricity Act, 2003.

8MPERC admits Rs. 175.60 crore ARR against MPIDC Mohasa Babai Rs. 192.82 crore FY27 claim; revenue surplus pegged at Rs. 33.35 crore
Madhya Pradesh Electricity Regulatory Commission issued the FY 2026-27 ARR and retail tariff order for MPIDC Industrial Area Mohasa Babai. MPIDC claimed an ARR of Rs. 192.82 crore, while the Commission admitted Rs. 175.60 crore after prudence checks. The petitioner projected sales of 369.79 MU, while MPERC admitted 365.23 MU for FY 2026-27. Revenue from sale of power was claimed at Rs. 211.83 crore, while MPERC admitted Rs. 208.95 crore, resulting in a surplus of Rs. 33.35 crore.

8PSPCL seeks PSERC nod for 100 MW paddy-straw power procurement at Rs. 4.50 per kWh from co-generation plants
Punjab State Power Corporation Limited filed Petition No. 39 of 2026 before PSERC for 100 MW surplus power procurement. The project is tied to 100% paddy straw-based co-generation plants located within Punjab. PSPCL proposed a generic levelized tariff of Rs. 4.50 per kWh and was asked to justify the MoU route instead of competitive bidding. PSERC admitted the petition and listed the matter for hearing on May 20, 2026 at 11:30 AM. The petition supports Punjab's stubble burning mitigation efforts.

8JERC issues FY 2024-25 true-up order for Puducherry Electricity Department; total sales of 3,128 MU reviewed
Joint Electricity Regulatory Commission issued the FY 2024-25 true-up order for the Electricity Department, Government of Puducherry. The order records total sales of 3,128 MU and ex-bus requirement of 3,393 MU in the true-up analysis. The document reviews power purchase cost, O&M expenses, depreciation, interest, return on equity and revenue gap or surplus. It was issued on May 14, 2026 under Petition No. 171/2026, with detailed component-wise scrutiny of each cost head and revenue allowance.

8JSERC issues corrigendum to DVC tariff order correcting typographical error in MYT period regulations citation for FY 2026-31
The Jharkhand State Electricity Regulatory Commission issued a corrigendum on May 15, 2026 to its Tariff Order dated March 30, 2026, covering the True-up for FY 2024-25, Annual Performance Review for FY 2025-26, Annual Revenue Requirement for the Multi-Year Tariff Period FY 2026-27 to FY 2030-31, and determination of tariff for FY 2026-27 for Damodar Valley Corporation. The corrigendum corrects a typographical error in Chapter 12 (pages 269-274) where references to Regulations 2020 should be read as Regulations 2025.

REGULATORY PETITION & REVIEW

8GERC hears GUVNL plea to extend WYN Renewables PPA performance bank guarantee ahead of May 17 expiry
The Gujarat Electricity Regulatory Commission on May 15, 2026 heard Interlocutory Application No. 22 of 2026 filed by Gujarat Urja Vikas Nigam Limited seeking extension of the Performance Bank Guarantee furnished by M/s WYN Renewables Private Limited under a Power Purchase Agreement dated May 10, 2023. The PBG was set to expire on May 17, 2026, while the main Petition No. 2571 of 2025 remains pending adjudication. Earlier Commission orders restrained GUVNL from terminating the PPA.

8Morjar Renewables moves GERC to block invocation of Rs. 6 crore bank guarantee by GETCO over 200 MW hybrid project
M/s Morjar Renewables Pvt. Limited filed Petition No. 2628 of 2026 before GERC on May 14, 2026, challenging GETCO's threatened invocation of a Rs. 6 crore Bank Guarantee furnished for Stage-II connectivity for its 200 MW Hybrid captive energy project. The petitioner had obtained Stage-I and Stage-II connectivity approvals in January and April 2023 respectively, but the connectivity was revoked on September 16, 2023, over a notarised versus registered lease deed issue, followed by an October 2025 threat to invoke the guarantee which the company has contested as illegal.

8Renewable SPVs challenge GETCO Rs. 20 lakh per MW ATS guarantee clause for 373 MW hybrid projects at 220 kV Mota Asarana
M/s Epipremnum Aureum Renewables Pvt. Limited along with co-petitioner M/s Panthera Leo Persica Renewables Pvt. Limited filed Petition No. 2626 of 2026 before GERC on May 14, 2026, challenging Clause 5.7(iv) of GETCO's Connectivity Procedure, 2025, which mandates an Additional Transmission System Bank Guarantee of Rs. 20 lakh per MW. The petitioners have applied for connectivity for 201 MW and 102 MW Wind-Solar hybrid projects and a 70 MW solar project at the 220 kV Mota Asarana Pooling Station.

8GERC to re-examine UGVCL review plea against Shekhani Industries over Solar Policy 2015 vs 2021 banking charge dispute
The Gujarat Electricity Regulatory Commission on May 14, 2026 took up Review Petition No. 44 of 2025 filed by Uttar Gujarat Vij Company Limited challenging its own earlier Order dated August 8, 2025, in Petition No. 2155 of 2022 involving Sekhani Industries Pvt. Limited. UGVCL contended that the Commission, while ruling that UGVCL had no role in delaying the plant's commissioning on June 28, 2021, went beyond the pleadings by examining the interconnection agreement and its consistency with GERC Net Metering Regulations 2020.

8DOMS Industries fights DGVCL at GERC for 180-day exclusion and refund on 2000 KVA connection delayed by sub-station shifting
DOMS Industries Limited filed Petition No. 2631 of 2026 before GERC on May 14, 2026, seeking exclusion of the delay period caused by DGVCL's Control Room Shifting works at the 66 kV Umbergaon Sub-Station from the 180-day timeline under Option-III, and consequently demanding refund of excess minimum demand charges. The manufacturer, which applied for a 2000 KVA power connection on June 6, 2024, argued that DGVCL's construction activities requiring a 3.60 km 66 kV underground cable line directly prevented site access.

8HPERC admits Batot Hydro Power petition seeking Rs. 59.38 lakh delayed payment penalty from HPSEBL; next hearing June 19
The Himachal Pradesh Electricity Regulatory Commission admitted Filing No. 148 of 2026 on May 15, 2026 in the matter of M/s Batot Hydro Power Ltd. versus HPSEBL, filed under Section 86(1)(f) of the Electricity Act, 2003 read with Regulation 75 of HPERC Conduct of Business Regulations, 2024. The petitioner seeks delayed payment penalty of Rs. 59,38,596 from the respondent. HPSEBL's Authorised Representative Sh. Kamlesh Saklani waived notice and sought two weeks for reply. The matter is listed for hearing on June 19, 2026 at 11:00 AM.

8HERC orders Amplus Sun 50 MW Khanak solar project tariff review with 0.50% annual degradation benchmark
HERC reviewed the tariff matter for Amplus Sun Solutions Private Limited's 50 MW solar project at Khanak, Bhiwani. The matter links Review Petition No. 7 of 2025, Petition No. 20 of 2026 and APTEL Appeal No. 362 of 2025. The Commission directed parties to agree on an independent agency for assessment using 0.50% annual degradation. The next hearing was fixed for May 26, 2026, with tariff determination to follow under Section 62 of the Electricity Act, 2003 for the Tosham, Bhiwani-located project.

8UPERC lists UPPCL-UPNEDA 2,553.5 MW feeder solarisation PPA case for June 18 hearing under RESCO mode
UPERC issued notice for Petition No. 2377 of 2026 filed by UPNEDA and UPPCL. The petition seeks approval of PPAs for grid-connected solar plants on segregated agriculture feeders. The cumulative capacity is 2,553.5 MW under RESCO mode feeder-level solarisation. The hearing is scheduled for June 18, 2026 at 11:00 hrs in Lucknow. The project aims to support agricultural feeder solarisation and provide daytime power supply to farmers across Uttar Pradesh under the PM-KUSUM and state schemes. Details
QUARTERLY RESULTS

8Solar Industries India posts Q4 FY26 sales surge of 41% to Rs. 3,053 crore; defence revenue jumps 134% YoY
Solar Industries India Limited released its Q4 FY26 investor fact sheet showing quarterly net sales of Rs. 3,053 crore, up 41% from Rs. 2,167 crore in Q4 FY25. PAT jumped 61% to Rs. 556 crore and EBITDA rose 59% to Rs. 870 crore. The defence segment was the standout performer, surging 134% year-on-year to Rs. 1,008 crore and accounting for 33% of quarterly revenues, while international and overseas revenues grew 32% to Rs. 1,006 crore.

8Fujiyama Power Systems Q4 FY26 revenue climbs 87.5% to Rs. 9,008 million; PAT surges 107.5% to Rs. 1,063 million
Fujiyama Power Systems Limited announced its Q4 FY26 results with revenue from operations at Rs. 9,008 million, up 87.5% year-on-year from Rs. 4,803 million in Q4 FY25. EBITDA jumped 116.9% to Rs. 1,715 million with a margin of 19.0%, while PAT surged 107.5% to Rs. 1,063 million. FY26 full-year revenue reached Rs. 26,545 million (up 72.3%), supported by over 8,900 channel partners and a 1,200 MW TOPCon solar cell facility being set up at Ratlam, Madhya Pradesh.

8G R Infraprojects reports Q4 FY26 revenue of Rs. 2,521 crore, up 27% YoY; EBITDA margin compresses to 11%
G R Infraprojects Limited released the transcript of its Q4 FY26 earnings conference call held on May 12, 2026, hosted by HDFC Securities. CMD Ajendra Kumar Agarwal disclosed Q4 FY26 revenue from operations of approximately Rs. 2,521 crore, representing 27% year-on-year growth. However, adjusted EBITDA margin fell to approximately 11% from 15.5% in the comparable prior period, due to geopolitical uncertainty, supply chain pressures, commodity price volatility and global trade disruptions. The company repaid debt during the year as part of its financial discipline strategy.

8Orient Electric posts 10% Q4 FY26 revenue growth to Rs. 948 crore amid commodity inflation and labour shortage
Orient Electric Limited, a CKA Birla Group company, released the transcript of its Q4 FY26 earnings conference call hosted by Ambit Capital on May 8, 2026. MD and CEO Ravindra Singh Negi disclosed revenue from operations of Rs. 948 crore, up 10% year-on-year, amid headwinds including persistent commodity inflation, labour shortage, gas supply disruptions from the West Asia crisis, unseasonal rains slowing cooling product demand and elevated channel inventory prompting cautious dealer replenishment. Despite challenges, EBITDA margins improved further in the quarter.

8Empower India files unaudited Q3 FY26 financial results for period ended December 31, 2025 with limited review report
Empower India Limited, listed at Mumbai's Nawab Building, Fort, submitted its standalone and consolidated unaudited financial results for the quarter and nine months ended December 31, 2025 to BSE on May 15, 2026. The submission includes a Limited Review Report from Nagadheep Sathyanarayana & Co., Chartered Accountants, Bengaluru, following board approval of the outcome dated February 13, 2026. The company trades under BSE Scrip Code 504351 and Scrip ID EMPOWER.

ANNUAL RESULTS

8Solar Industries India achieves highest-ever FY26 sales of Rs. 9,838 crore, up 30%; PAT rises 35% to Rs. 1,737 crore
Solar Industries India Limited announced record FY26 results on May 15, 2026: net revenue of Rs. 9,838 crore (up 30% YoY), EBITDA of Rs. 2,750 crore (up 35%, margin 27.95%), PBT of Rs. 2,365 crore (up 36%) and PAT of Rs. 1,737 crore (up 35%, margin 17.65%). The Defence vertical delivered the highest-ever quarterly revenue of Rs. 1,008 crore and annual defence revenue of Rs. 2,634 crore (up 94%), with management guiding for defence revenue exceeding Rs. 4,500 crore in FY27. Order book stands at Rs. 21,300 crore.

8Fujiyama Power Systems FY26 revenue jumps 72.3% to Rs. 26,545 million; commissions 1 GW MonoPERC DCR solar cell facility
Fujiyama Power Systems Limited presented at an analysts and investors meet on May 15, 2026 highlighting its FY26 revenue from operations of Rs. 26,545 million, a 72.3% year-on-year jump from Rs. 15,407 million. The company commissioned a 1 GW MonoPERC DCR solar cell manufacturing facility to tap into the Rs. 20,000 crore PM Surya Ghar Yojana opportunity, with 7 million-plus residential solar installations still untapped. Q4 FY26 PAT surged 107.5% to Rs. 1,063 million and EBITDA margin reached 19.0%.

8SJVN issues corrigendum to FY26 financial results correcting typographical error labelling figures as Unaudited at three places
SJVN Limited, a Navratna CPSE and joint venture of Government of India and Government of Himachal Pradesh, issued a corrigendum on May 16, 2026 to its FY26 and Q4 financial results submitted on May 15, 2026. Three inadvertent typographical errors were identified at pages 11, 20 and 24 where the headings should read Audited instead of Unaudited. No financial figures, audit report, disclosures or other information were changed. The company's CIN is L40101HP1988GOI008409 and it trades on NSE as SJVN-EQ.

8Jaiprakash Power Ventures reports FY26 total income of Rs. 5,790.85 crore and net worth of Rs. 12,721 crore as on March 31
Jaiprakash Power Ventures Limited announced on May 16, 2026 that its Board of Directors, at a 50-minute meeting from 4:00 PM to 4:50 PM, approved surrendering two coal mines to the concerned government authority subject to lender approvals. The Amelia (North) Coal Mine held total assets of Rs. 222.16 crore, while the Bandha North Coal Mine had an investment value of Rs. 92.52 crore as on March 31, 2026 against the company's net worth of Rs. 12,721 crore and total income of Rs. 5,790.85 crore.

DIVIDEND & BOARD DECISIONS

8Solar Industries India recommends final dividend of Rs. 11 per equity share at 550% payout for FY 2025-26
Solar Industries India Limited announced its audited FY26 results on May 15, 2026, reporting net sales of Rs. 9,838 crore, up 30% year-on-year from Rs. 7,540 crore. Full year PAT rose 35% to Rs. 1,737 crore, while EBITDA climbed 35% to Rs. 2,750 crore with a margin of 27.95%. The board also recommended a final dividend of Rs. 11 per equity share (550% on the face value of Rs. 2) for FY 2025-26, rewarding shareholders amid the company's strong financial performance and growing defence segment contribution.

8Premier Energies board approves Rs. 5,000 crore QIP fundraise; appoints Hitesh Kumar Jain as new Company Secretary
Hyderabad-based Premier Energies Limited announced on May 15, 2026 that its board approved raising up to Rs. 5,000 crore through Qualified Institutional Placement or other permissible modes. In the same meeting, the board noted the resignation of Company Secretary Mr. Ravella Sreenivasarao and appointed Mr. Hitesh Kumar Jain (ICSI No. A24341) as the new Compliance Officer effective May 16, 2026. The company trades on BSE under code 544238 and on NSE as PREMIERENE.

8Power Finance Corporation board approves merger of REC into PFC; seeks President of India approval to preserve government status
Power Finance Corporation Limited disclosed on May 16, 2026 that its Board has reserved the proposal for merger of REC Limited into PFC under Sections 230-232 of the Companies Act, 2013, and authorised the CMD to seek the Hon'ble President of India's approval. The merger exchange ratio is to be determined by duly appointed valuers. Upon completion, all assets and liabilities of REC will transfer to PFC, and REC will stand dissolved. The trading window for PFC equity shares and listed debt securities continues to remain closed until further orders.

8REC Limited board approves merger into Power Finance Corporation; merged entity to retain government company status
REC Limited, a Maharatna Government of India enterprise, disclosed on May 16, 2026 that its board has reserved the proposal for merger of REC into Power Finance Corporation Limited under Sections 230-232 of the Companies Act, 2013 and authorised its CMD to seek approval of the Hon'ble President of India. Post-merger, all assets and liabilities of REC will transfer to PFC, with the merged entity required to retain its status as a Government Company. REC trades on NSE as RECLTD and on BSE under code 532955.

8Jaiprakash Power Ventures board approves surrender of two coal mines worth Rs. 314.68 crore in book value subject to lender approval
Jaiprakash Power Ventures Limited announced that its Board approved surrendering the Amelia (North) Coal Mine (total assets Rs. 222.16 crore, including net tangible assets Rs. 129.58 crore, intangible mining rights Rs. 78.93 crore and CWIP Rs. 13.65 crore) and the Bandha North Coal Mine (investment value Rs. 92.52 crore). The surrender is subject to lender approvals and concerned government authority clearance. The decision was taken at a 50-minute meeting on May 16, 2026 against the company's net worth of Rs. 12,721 crore.

8KPI Green Energy appoints Rajesh Shrivastava as Whole-Time Director for 5 years; veteran handled 30 GW+ power projects
KPI Green Energy Limited held a 27-minute board meeting on May 15, 2026 and approved the appointment of Mr. Rajesh Shrivastava (DIN: 08757239) as Additional Director and Whole-Time Director for 5 years, and re-appointment of Mrs. Venu Birappa as Independent Director for a second term of 5 consecutive years effective August 3, 2026. Mr. Shrivastava brings nearly 37 years of experience across power, infrastructure and renewable energy sectors, having been associated with more than 30 GW of power projects including over 10 GW of renewables.

8Solar Industries India appoints former IRS officer Reena Jha Tripathi as Independent Director for 5-year term
Solar Industries India Limited appointed Smt. Reena Jha Tripathi (DIN: 11022528) as an Additional Non-Executive Independent Director for a first term of 5 years effective May 15, 2026. A 1988-batch IRS officer who superannuated in January 2025 at Level 17 (Apex Scale) after 36-plus years in tax administration, she holds executive education credentials from IIM Bangalore, Syracuse University and Hull Business School. The company trades on NSE as SOLARINDS and BSE under code 532725.

EARNINGS CALL & ANALYST MEET

8Hitachi Energy India schedules May 26 Investor Day in Mumbai; board meets May 25 for FY26 audited results
Hitachi Energy India Limited announced on May 15, 2026 that its board will meet on May 25, 2026 to consider audited financial results and dividend recommendation for FY ended March 31, 2026. An investor and analyst conference call is set for May 26, 2026 from 12:00 to 13:00 IST, with Managing Director Mr. N Venu and CFO Mr. Ajay Singh participating, accessible via toll-free numbers from India, USA, UK, Singapore and Hong Kong. The company also hosts its Powering India's Next 25 Investor Day event on the same date.

8Ola Electric reschedules Q4 FY26 board meeting from May 18 to May 20, 2026; earnings call shifted to 5:00 PM IST
Ola Electric Mobility Limited informed exchanges on May 16, 2026 that its board meeting to consider audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026, originally scheduled for May 18, has been rescheduled to Wednesday, May 20, 2026. The earnings conference call has also been rescheduled to May 20 at 5:00 PM IST featuring Founder, Chairman and Managing Director Mr. Bhavish Aggarwal and CFO Mr. Deepak Rastogi via Diamond Pass Link through the Ola Zoom platform.

8Power Mech Projects schedules May 20 board meeting to approve Q4 and FY26 audited results and dividend recommendation
Power Mech Projects Limited informed BSE and NSE on May 15, 2026 that its Board of Directors meeting is scheduled for Wednesday, May 20, 2026, to consider and approve audited standalone and consolidated financial results and balance sheet for Q4 and FY ended March 31, 2026, and to recommend dividend, if any, for FY 2025-26. The trading window has been closed since April 1, 2026 and will remain closed until May 22, 2026 inclusive, as communicated in the company's letter dated March 25, 2026.

CREDIT RATING & ANALYST REPORT

8CARE Ratings confirms zero deviation in Inox Wind Rs. 1,249.33 crore rights issue utilisation for quarter ended March 31, 2026
Inox Wind Limited submitted the Monitoring Agency Report for Q4 FY26 issued by CARE Ratings Limited (Report No. CARE/NRO/GEN/2026-27/1046), in relation to utilisation of proceeds raised through its Rights Issue aggregating Rs. 1,249.33 crore, under Monitoring Agency Agreement dated July 17, 2025. The report confirmed zero deviation from the stated objects and was reviewed and approved by the Audit Committee and Board at their meetings held on May 14, 2026. The company trades on BSE under code 539083 and NSE as INOXWIND. Details
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8Daily Excel covering new tenders and all published updates including corrigendum, amendment, addendum, clarification and status revisions, along with technical and financial bid opening, evaluation completion and final award actions including AOC and LOA issuance.
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 For reference purposes the website carries here the following tenders:
 8Tender for setting up 2x50 MW solar power project Details
 8Tender for D-check of 625 KVA DG set installed Details
 8Tender for supply of 11 kV and 33 kV polymer AB switches Details
 8Tender for supply of L.T. distribution boxes suitable for 25KVA distribution transformers Details
 8Tender for supply of 11kV and 33kV, single and multi circuit control and relay panels Details
 8Tender for supply of L.T. distribution boxes suitable for 63 KVA and 100 KVA rating DTRs Details
 8Tender for annual watch and ward and patrolling services at HCSD and bottom ash pond Details
 8Tender for work contract for routine, schedule, preventive and breakdown maintenance of coal mill and coal pipe Details
 8Tender for work contract for AOH COH of non pressure parts of boiler Details
 8Tender for procurement of hard facing welding electrodes for coal burner assembly Details
 8Tender for procurement of spares of 6.6kV vacuum circuit breakers Details
 8Tender for supply, installation, commissioning and retrofitting of new electronic actuators for boiler feed pump Details
 8Tender for rate contract (RC) for drone thermography for solar projects Details
 8Tender for cable laying for IT network Details
 8Tender for biennial maintenance contract for electrical repair and maintenance works Details
 8Tender for supplying and laying of galvalume /poly carbonate roofing sheets Details
 8Tender for supply of night vision IR cameras and laying of cables Details
 8Tender for demolition of damaged/obsolete overhead RCC water storage tank Details
 8Tender for capital overhauling of HIP and LP turbines Details
 8Tender for erection, testing, commissioning, trial operation and handing over of steam turbine generator condenser with all auxiliaries Details
 8Tender for supply, installation, testing and commissioning of Nine Nos SMAs and one no seismometer to replace existing non functioning units Details
 8Tender for special estimate for painting of RHR gates (upper and lower) of bay Details
 8Tender for maintenance of municipal services and camp sanitation Details
 8Tender for additional secondary DATA telemetry link for 400kV switchyard Details
 8Tender for upgradation of rockwell automation PLCs HMI systems Details
 8Tender for supplying of conveyor belts Details
 8Tender for supply of conveyor spare pulleys Details
 8Tender for annual rate contract (ARC) for civil works Details
 8Tender for replacement of fire water pump Details
 8Tender for work of annual electrical maintenance (excluding complete wiring/renovation) work Details
 8Tender for procurement of ISI marked ACSR wolf conductor Details
 8Tender for procurement of rail pole 13 mtr long 60 kg per mtr Details
 8Tender for routine repair and maintenance of civil structures and allied works Details
 8Tender for replacement of the existing damaged chiller plant insulation Details
 8Tender for overhauling, repair and maintenance of surge shaft gantry crane and DT gantry crane Details
 8Tender for replacement of deteriorated, damaged false ceiling of power house Details
 8Tender for construction of retaining structures at multiple spots including allied works along Details
 8Tender for installation of pending half cover (steel) for surge shaft Details
 8Tender for balance work, replacement of damaged GI roofing of power house Details
 8Tender for regarding the supply, installation, testing, and commissioning of high mast lights Details
 8Tender for replacement of weasel conductor Details
 8Tender for works contract for carrying out HT /LT DCW improvement and capital extension works Details
 8Tender for supply of poly aluminium chloride Details
 8Tender for spares of TIL cranes (10T and 25T) spares Details
 8Tender for hot line water washing of (four cycles) 220 kV switchyard Details
 8Tender for Re-construction of and other allied civil works Details
 8Tender for O&M of the PT plant, DM plant, SWAS, CPU, ETP, operation of chlorination only, coal sampling Details
 8Tender for construction of IPB path and other allied civil work Details
 8Tender for reconductoring of HT/OH AB Details
 8Design, manufacturing, supply, testing supervision of erection and commissioning of 245kV pantograph isolator Details
 8Tender for reconductoring of 11kV line Details
 8Tender for reconductoring 0f 110 kV BRKV and NVKV feeders with HTLS conductor Details
 8Tender for upgradation of 66kV substation Details
 8Tender for supply of 100AH VRLA 13 sets and 200AH tubular battery 37 sets Details
 8Tender for reconductoring 11kV OH line by HT covered conductor Details
 8Tender for capacity addition 110/11 kV 12.5 MVA transformer Details
 8Design, engineering, manufacturing factory test supply supervision of installation and commissioning of 11kV RMUs Details
 8Tender for stringing of HT ABC 150 sq.mm Details
 8Tender for work of extension of switch house Details
 8Tender for work of providing and fixing switch disconnector unit, replacing wiring, new wiring Details
 8Tender for procurement of gear boxes for conveyor system Details
 8Tender for work of reclamation of 2060 cubic meter spilled coal/biomass and desilting of drains Details
 8Tender for procurement of MS ERW pipes and fittings etc. Details
 8Tender for procurement of conveyor belt Details
 8Tender for biennial maintenance contract for miscellaneous civil work Details
 8Tender for service contract for servicing, cleaning, overhauling of deaerator Details
 8Tender for operation of AHP along with lagoon and recovery water system Details
 8Tender for construction of ICBP surfacing on the existing Details
 8Tender for sale of dry fly ash Details
 8Tender for construction of new open shed cum store at 132/33kV GSS Details
 8Tender for OPGW connectivity between 132kV GSS Details
 8Tender for turnkey construction of one no. of 33kV feeder bay including civil works Details
 8Tender for construction and restoration of chain linked fencing Details
 8Tender for work of maintenance and repairing of fire line protection system Details
 8Tender for providing transformer plinth & other equipment (HV/LV) plinth, cable duct & other civil works Details
 8Tender for providing foundation concrete for structure plinth & gravel filling Details
 8Tender for supply and renewal of cooling water pipe lines and its fittings Details
 8Tender for procurement of lanxess reolube turbo fluid Details
 8Tender for procurement of 200 nos. of 110kV outdoor SF6 breaker Details
 8Tender for procurement of HS straight joint kit, outdoor and indoor termination kit suitable for 11 kV 3 X 300 sqmm XLPE cable Details
 8Tender for work of repair, maintenance and annual maintenance contract (AMC) of 33 kV CB and CR panels Details
 8Tender for work of rectification of findings observed in health analysis of existing earthing system Details
 8Tender for work of carrying out the earthing audit (health assessment) of existing mat and earthing electrode Details
 8Tender for construction of control room foundations, cable trench Details
 8Tender for supply of ceramic lined fuel inlet elbow (short & long) for boiler Details
 8Tender for Bi annual up keeping & housekeeping of control room, switch yard Details
 8Tender for supply of various type of HT/SS fasteners Details
 8Tender for construction of retaining wall around coal sampling room Details
 8Tender for supply, erection, testing and commissioning of 360 V DC, 515AH, KBH, Ni-Cd type battery set Details
 8Tender for supply of waterproofing materials Details
 8Tender for work of constructions of new maintenance free earth pit Details
 8Tender for purchase of various L&T make contactors/relays Details
 8Tender for procurement of various HT & LT power cable and control cable Details
 8Tender for removing, providing and fixing side cladding Details
 8Tender for work of purification/filtration of lubrication oil for T-G auxiliaries & hydraulic fluid Details
 8Tender for Bi-annual rate contract for shifting/modification work of existing various 66/132/220kV class transmission lines Details
 8Tender for work of overhauling of low pressure valves Details
 8Tender for work of overhauling of various pumps Details
 8Tender for hot line stringing of 66 kV line Details
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 For reference purposes the website carries here the following newsclips:
 8JSW Cement, Ola electric and 8 Other Stocks Announcing Q4 Results today Details
 8Biogas scheme falls far short of target, scuppers green energy dreams Details
 8JSW Energy, WPIL, Rajratan Global Wire Grow Despite Indian Market Caution Details
 8New Hope Corporation Q3 FY26 Coal Output and Profit Update Details
 8India’s coal gasification ambitions gain momentum; technology and coal quality challenges remain Details
 8These boring industrial suppliers have 30%+ margins, sticky revenues, and a structural policy tailwind. Time to watch them. Details
 8Coal gas can yield clean hydrogen at $1.25 a kg Details
 8Arvind Virmani's Dual Energy Plan for India: Costs Up, Green Push Details
 8Chhattisgarh launches Dweepti Yojana to empower rural women in clean energy sector Details
 83.2 GW Coal Project Faces Fresh Setback As Regulator Withholds Approval Details
 8Centre Clears 13 Lakh Rooftop Solar Installations Under ULA Model Details
 8Prudential to Buy 75% Stake in Bharti Life, Targeting India Market Details
 8Oswal Pumps highlights robust growth in solar pump manufacturing Details
 8Genus Power and 4 Other Stocks to Benefit as India’s Smart Meter Rollout Could Extend Till 2028 Details
 8NTPC chief cautions against dependence on single supplier for nuclear tech Details
 8Adani Power Limited Incorporates Wholly Owned Subsidiary Integrated Power Supply Limited Details
 8Can water help India slash its Rs 1.7 lakh crore oil bill Monaco firm makes big fuel-tech claim Details
 8CM Joseph Vijay set to review TNEB’s finances ahead of tariff hike Details
 8NTPC chief cautions against single-supplier dependency in India’s 100 GW nuclear push Details
 8CEA Proposes Higher Fixed Charges on Power Bills Details
 8India's Rs 1.7 lakh crore fuel crisis may have found an unlikely fix - water Details
 8Guarding Against Technological Dependence: India's Nuclear Power Vision Details
 8REC–PFC Merger Proposal Approved for Presidential Nod; Board Clears Key Structural Steps Details
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 For reference purposes the website carries here the following tenders:
 8Tender for construction of biomass pallet Details
 8Tender for procurement of grinding roll and wear parts Details
 8Tender for slope correction work at CHP area and misc.work Details
 8Tender for maintenance contract for horticulture work Details
 8Tender for procurement of ferric alum grade-2 Details
 8Tender for rate contract for procurement of 33/11 kV 5 MVA low loss (4/23 KW) and 10 MVA low loss (8/50KW) power transformers Details
 8Tender for rate contract award for transportation of H-beam, RS joist other steel section materials, PTRs, etc. Details
 8Tender for supply of battery charger 15A, 30 volt DC Details
 8Tender for supply of 30 volt 100 AH lead acid battery set in transparent SAN container Details
 8Tender for procurement of spares of oxygen analyzer installed for oxygen measurement Details
 8Tender for procurement of spares of pneumatic actuators installed Details
 8Tender for restoration of TG set along with opportunity maintenance works Details
 8Tender for repairing of aluminium wound CRGO Core defective distribution transformers Details
 8Tender for work of operation & maintenance of IDCT, IDCT gear box overhauling and GRP line leakage attending work Details
 8Tender for work of erection of 66kV class 2nd busbar at 220kV SS Details
 8Tender for supply of smart positioners Details
 8Tender for supply of low RPM thyristor cooling fans for unit 4,5,6 static excitation system Details
 8Tender for supply of various boiler tubes Details
 8Tender for insulation and refractory work Details
 8Tender for overhauling of air and flue gas duct Details
 8Tender for overhauling of coal bunker, wind box Details
 8Tender for overhauling of ID, FD, PA FANS Details
 8Tender for overhauling of two numbers rotary Details
 8Tender for biennial maintenance contract for electrical maintenance including illumination system Details
 8Tender for repairing of one number coal bunker mill Details
 8Tender for biennial maintenance of radial gates Details
 8Tender for repairing and painting of walls, doors and windows, false ceilings along Details
 8Tender for cleaning of cooling tower cold basin, cells, inside structures, CEP pit Details
 8Tender for service contract for servicing of LP valves, HP-LP bypass valves and TAS PRDS valves Details
 8Tender for service contract for repairing of ventilation duct Details
 8Tender for service contract for reclamation of crusher rotor Details
 8Tender for procurement of ring hammer for ring granulators crushers installed Details
 8Tender for installation and commissioning of wireless communication Details
 8Tender for provision of concertina fencing over Details
 8Tender for AMC contractof 2x1000kW TG sets,their auxiliaries, electromechanical equipment and3.3/33kV switchyard Details
 8Tender for AMC of 3x200 kW T.G. sets, their auxiliaries Details
 8Tender for AMC of 2x1000 kW T.G.sets, their auxiliaries, electromechanical equipment Details
 8Tender for AMC of3x1000kW TG sets, their auxiliaries, electromechanical equipment and 3.3/33kV switchyard Details
 8Tender for annual operation and maintenance contract of 1 x 1200 kW TG sets, their auxiliaries Details
 8Tender for procurement of MOP coupling and other essential keys and spares for main turbine Details
 8Tender for empanelment of firms agency companies for transportation and handling of DTRs Details
 8Tender for reconductoring 11kV feeder Details
 8Tender for line extension Details
 8Tender for work for annual maintenance of 132/33kV grid sub-station Details
 8Tender for work for carrying out routine patrolling, preventing/breakdown/shutdown maintenance work of transmission lines Simdega Details
 8Tender for work for carrying out routine patrolling, preventing/breakdown/shutdown maintenance work of transmission lines Gumla Details
 8Tender for work for carrying out routine patrolling, preventing/breakdown/shutdown maintenance work of transmission lines Khunti Details
 8Tender for work for carrying out routine patrolling, preventing/breakdown/shutdown maintenance work of transmission lines Details
 8Tender for round the clock operation and maintenance of intake gate, radial gates Details
 8Tender for interlinking 11kV feeder Details
 8Tender for system improvement work for rearrangement and rerouting HTOH line Details
 8Tender for realignment of existing service wire Details
 8Tender for dismantling of existing 110 kV pneumatic type circuit breakers Details
 8Tender for drawing of LT ABC erection of poles Details
 8Tender for drawing 11KV covered conductor Details
 8Tender for const. of 33 kV S/S Details
 8Tender for construction of store shed, TULPF fencing other misc. civil works Details
 8Tender for purchase of EHV garde-I transformer oil Details
 8Tender for purchase of 36kV, 2000/1250/800 A motorized isolator with and without earth switch Details
 8Tender for contract for hiring the services of oil filtration machine, transformer oil storage tank Details
 8Tender for supply of hardware and spares related to network and optical fiber equipment Details
 8Tender for supply of digital enhancement uptime services for forbes marshall make 6 nos. dust analyzers Details
 8Tender for repairing and servicing of BOMAFA make LP bypass stop valve and control valve Details
 8Tender for procurement of spares for boll and duplex oil filter installed Details
 8Tender for procurement of 200KVA 11/0.433kV station transformer Details
 8Tender for supply of of new transformer oil for use in gas turbine power stations Details
 8Tender for rate contract for loading/unloading and handling of materials Details
 8Tender for procurement of LPT A1 extraction bellow (right side) and seal steam lines Details
 8Tender for procurement of main turbine LP inner outer casing and LP inner casing assembly spares required Details
 8Tender for procurement of LPT A1 extraction bellow (right side) and seal steam line Details
 8Tender for construction of line for extaction from solar power plants Details
 8Tender for construction of HT line Details
 8Tender for replacement of 33 kV panel under 33/11 kV sub-station Details
 8Tender for work of replacement of damaged spare parts, repair, testing and monthly maintenance of 11 kV circuit breakers installed Details
 8Tender for annual rate contract for the work of attending emergency breakdown works & planned maintenance works on various 220/132/100 kV EHV lines Details
 8Tender for supply, installation testing & commissioning of under frequency cum frequency trend relay Details
 8Tender for dismantling of removed converter transformer Details
 8Tender for engagement of agency for creation & updation of GIS Details
 8Tender for work of annual maintenance contract (AMC) for servicing repairing and maintenance for 145kV ABB make circuit breaker Details
 8Tender for replacement of existing 1X25MVA, 220/33kV power transformer Details
 8Tender for establishment of 05x33kV GIS bay Details
 8Tender for work of cold line washing (manually) of Disc/PLRI insulator strings of 400kV various lines Details
 8Tender for procurement of 36 kV 1600A, having short circuit breaking capacity of 31.5 KA, 3P, VCB along Details
 8Tender for work of bi-annual (two year) maintenance contract for OPGW ADSS communication network Details
 8Tender for supply of transformer oil storage tank for switchyard Details
 8Tender for supply of various sizes of metallic expansion bellow of flue gas duct of boiler Details
 8Tender for construction of RCC culvert for ash plant pipeline Details
 8Tender for supply of spares and reagents for analyzers Details
 8Tender for retrofitting work of the energy chain system in place of existing Details
 8Tender for erection and maintenance of HT/LT & TC Details
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 For reference purposes the website carries here the following newsclips:
 8India’s storage market shifts from tenders to execution Details
 8India Ranks Third Globally In Renewable Energy Capacity: Morgan Stanley Details
 8Coal India shuts down its solar manufacturing company Details
 8ReNew Energy earnings in focus: Can India solar giant sustain momentum Details
 8India and Korea Unite for a Solar-Powered Future Details
 8Fuel hike to accelerate investment in renewable energy, energy conservation: Experts Details
 8Schneider Electric Powers India's Energy Transition with Advanced BESS Solution Details
 8India Turns Coal Plants into Nuclear Sites with New Law Details
 8Govt clears MCL IPO; Coal India may dilute up to 25% stake Details
 8Top 6 Largest Coal Mining Companies Dominating Global Supply Details
 8Mahanadi Coalfields Ltd to Launch IPO: A Strategic Divestment Details
 8Three old thermal power sites shortlisted for new nuclear power projects Details
 8Are small modular reactors India’s nuclear future Details
 8Transmission Stock Jumps 6% After Securing Rs 1,265 Crore in Multiple Orders for Power T&D Projects Details
 8USIBC–KPMG release nuclear energy roadmap for India Details
 8Puttaparthi To Power India’s Next-Generation Defence Ecosystem Details
 8Assam’s solar push for India’s Forex resilience Details
 8Captive power in transition: Electricity (Amendment) Rules 2026, draft National Electricity Policy and evolving tax treatment Details
 8SJVN Limited Reports 197% YoY Revenue Growth in Q4; Announces Rs 1.50 Total Dividend for FY26 Details
 8Why Power Will Decide India’s Next Data Center Growth Story Details
 8Torrent Power Plans Rs 80K Crore Growth Push, Faces Debt, Gas Costs Details
 8Himachal hikes power cost, imposes Rs 1 per unit cess Details
 8Smart meter rollout slows amid delays, payment gaps and tariff pressure Details
 8IndiGrid delivers another strong fiscal of financial performance Announces DPU guidance of 16.48 for FY27 – growth of 3% Details
 8NLC India Q4 FY26 Results: Profit Soars 189%, Shares Rally to Record High on Strong Earnings and Dividend Boost Details
 8SJVN Q4 & FY26 Results: PAT Rises 3.9% to Rs 1,008 Crore, Revenue Up 22%, Declares Rs1.50 Dividend Details
 8JAC urges Power Minister to halt sale of PSPCL, PSTCL land under OUVGL scheme Details
 8Jaiprakash Power Ventures Surges 11.3% as JPPOWER.NS Hits Day High Details
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PEAK DEMAND & GRID FREQUENCY

8Western Region meets full 74,624 MW evening peak with zero shortage on May 14; Gujarat tops with 374 MU generation
Grid Controller of India's Western Regional Load Despatch Centre reported a zero-shortage power supply position on May 14, 2026, with the region meeting a record evening peak demand of 74,624 MW at 50.17 Hz and an off-peak demand of 70,682 MW. Total regional energy consumption stood at 1,766.5 MU, with Maharashtra leading state consumption at 688.8 MU and Gujarat's combined generation across thermal, hydro, gas, wind, and solar reaching 374 MU against a net drawl of 525.2 MU.

8NRLDC reports 330 MW shortage in J&K and Ladakh at 70,811 MW Northern Region evening peak on May 14
Grid Controller of India's Northern Regional Load Despatch Centre's daily report for May 14, 2026 showed the region meeting 70,811 MW at evening peak against a 71,141 MW requirement, leaving a 330 MW deficit confined entirely to J&K and Ladakh. Total day energy stood at 1,524 MU with a 0.33 MU shortfall; Uttar Pradesh recorded the highest evening peak demand at 25,481 MW, followed by Rajasthan at 12,013 MW, while Haryana, Punjab, and Delhi were fully served with zero shortage.

8Southern Region meets 56,238 MW peak demand without shortage; Tamil Nadu tops at 18,446 MW on May 14
Grid Controller of India Limited's Southern RLDC Power Supply Position Report for May 14, 2026, confirms zero shortage across all 6 southern states at the 20:00 peak - with Tamil Nadu recording the region's highest demand at 18,446 MW and total regional day energy consumption at 1,399.62 MU, against a requirement of 58,704 MU forecasted by LGBR. The data shows resilient grid management amid pre-monsoon high demand in the south.

8Eastern Region meets 29,456 MW peak demand without shortage; West Bengal and DVC lead generation on May 14
Grid Controller of India Limited's Eastern Regional Load Despatch Centre daily operation report for May 14, 2026, confirms zero power shortage for all eastern states at the 20:00 evening peak of 29,456 MW. West Bengal led state generation at 124.17 MU thermal, DVC contributed 99.48 MU, and Odisha generated 81.36 MU, while total eastern region day energy consumption reached 610.74 MU with zero shortfall, reflecting strong supply-side coordination.

8National grid frequency stays in IEGC band 99% of day; NLDC reports average of 50.011 Hz on May 14
Grid Controller of India Limited's National Load Despatch Centre frequency profile for May 14, 2026 (Thursday), shows the grid frequency remained within the 49.7–50.2 Hz IEGC band for 99.03% of the day, with an average frequency of 50.011 Hz and a standard deviation of 0.0702. The instantaneous maximum reached 50.404 Hz at 18:04, while 215 excursions above 50.03 Hz were recorded, each lasting 2 minutes 35 seconds on average.

8NER meets 3,227 MW evening peak demand with zero shortage; Assam logs highest NER generation at 5.19 MU on May 14
Grid Controller of India (GRID-INDIA)'s North Eastern Regional Load Despatch Centre reported zero power shortage across all 7 NER states for May 14, 2026, with total evening peak demand met at 3,227 MW. Assam led local generation with 5.19 MU including 3.16 MU of gas-based output, while the region drew a net 53.62 MU of scheduled power from outside and recorded total day energy of 59.96 MU, indicating stable cross-regional power flows.

8Uttarakhand achieves 24-hour uninterrupted power supply across all areas from May 1 to 15, 2026
The rostering report from Uttarakhand State for May 1-15, 2026 shows zero hours of power cuts across all major areas - including Haridwar, U.S. Nagar rural feeders, Garhwal & Kumaun Hills, major towns like Dehradun, Nainital, Mussoorie, Roorkee, Haldwani, Rudrapur, and steel furnace feeders - with an average running duration of 24 hours per day for all categories, reflecting the state's improved grid management and power availability during this fortnight.

OCC MEETINGS & OUTAGE PLANNING

8ERPC's 239th OCC meeting agenda tables 13 items: Godda TPS SPS, Patratu Stage-I scheduling transfer and Vedanta line encroachment
The Eastern Regional Power Committee's 239th Operations Coordination Committee meeting held on May 13, 2026 at ERPC Secretariat, Kolkata, carried 13 agenda items, including finalisation of the System Protection Scheme for Godda TPS (4×800 MW), restoration of the 400 kV PVUNL-Tenughat line, transition of Patratu Stage-I scheduling from ERLDC to SLDC Jharkhand, replacement of 206 L&T meters (out of 489) still pending across the Eastern Region, and addressing Vedanta Ltd's dead LILO line endangering the 400 kV Sundargarh-Raigarh and Sundargarh-Rourkela circuits.

8NTPC flags Talcher solar schedule error and Patratu Unit-2 start-up power settlement dispute at ERPC's 56th CCM
At the 56th Commercial Sub-Committee Meeting of the Eastern Regional Power Committee held on May 7, 2026 at 11:00 hrs, NTPC raised two key issues: a discrepancy in cumulative scheduling data (SG) for Talcher Stage-1 up to March 2026 due to February 2026 revision, and a demand to settle Patratu STPP Phase-I Unit-2's start-up power drawal at the approved Energy Charge Rate rather than the DSM Rate of Deviation - a change PVUNL argued was in line with applicable regulatory provisions.

8PowerGrid WR1's 400 kV Wardha-Warora line remains out since May 2018 amid ferroresonance concerns
WRLDC's transmission outage log for May 14, 2026 reveals that PowerGrid WR1's (PGCIL) 400 kV Wardha-Warora line has been continuously out since May 4, 2018 - over 8 years - due to ferroresonance concerns, while multiple CHAMPA 400 kV and 765 kV bus sectionalisers have been kept open since September 2021 for fault level control. The report also lists the 400 kV/220 kV DGEN ICT-3, the Chandrapur GCR-ST-3, and several other Western Region elements under planned or long-term outage.

8KPTCL's two 400 KV Kaiga-Guttur lines trip simultaneously on faults; Southern grid sees 5 forced outages on May 14
Grid Controller of India Limited's Southern Regional Load Despatch Centre recorded 5 forced transmission outages on May 14, 2026, including the simultaneous tripping of 400 KV Kaiga-Guttur circuits 1 and 2 at 17:39 hrs on B-N and R-N faults respectively, operated by KPTCL, alongside a KSEB 400 KV/220 KV transformer PRV operation at Madakkathara. The incidents highlight continued reliability challenges on key southern transmission corridors.

8NTPC Kawas and Gandhar gas units in Gujarat under reserve shutdown; DGEN's 800 MW also offline on May 14
Western Regional Load Despatch Centre's outage report dated May 15, 2026 reveals that NTPC's Kawas plant had all four gas units (totalling 424 MW) placed under reserve shutdown by May 14, while Gandhar's GT1 (144.3 MW) and GT2 (144.3 MW) also went offline. DGEN's 400 MW Unit 3 entered RSD mode and Sardar Sarovar Nigam's 250 MW (Units 5 & 9 together) underwent annual overhaul, reflecting coordinated planned maintenance across Gujarat's gas and hydro portfolio.

REGIONAL ENERGY ACCOUNT

8NLDC commits Vindhyachal, Barh and 40+ generators in SCUC for May 15; Barh 1 schedules 1,024 MW at 276.5 paise/kWh
The NLDC's Security Constrained Unit Commitment (SCUC) schedule published on May 14, 2026, for delivery on May 15, 2026, commits over 40 thermal generators including Barh-1 (1,024.45 MW at ECR of 276.5 paise/kWh), North Karanpura STPS (959.12 MW at 211.8 paise/kWh), and Vindhyachal STPS Stage 4 (493.51 MW at 205.2 paise/kWh) - with all listed units assigned SCUC 'YES' status, ensuring guaranteed despatch for grid security.

8ERPC releases DSM, SRAS, TRAS and SCUC settlement accounts for April 27-May 3, 2026; late payers face 0.04% daily interest
The Eastern Regional Power Committee's Superintending Engineer (Commercial) P.K. De issued settlement accounts under CERC DSM Regulations 2024 and amendments effective September 2024 and July 2025 for the week of April 27 to May 3, 2026, with final data received from ERLDC/NLDC on May 11, 2026. Entities liable for Deviation Settlement Mechanism charges must pay into ERLDC's deviation pool account within 10 days of billing, failing which a simple interest of 0.04% per day applies; SCUC charges carry a tighter 7-working-day deadline.

8NERPC issues provisional DSM and SCUC statements for April 27–May 3, 2026 under CERC Regulations 2024
The North Eastern Regional Power Committee (NERPC), Ministry of Power, Shillong, issued its Provisional DSM (Deviation Settlement Mechanism) and SCUC statements on May 13, 2026, covering April 27 to May 3, 2026, under the CERC (DSM and Related Matters) Regulations, 2024. Defaulting constituents face surcharge at 0.04% per day of delay if payment to the NERLDC-operated Regional Deviation and Ancillary Service Pool Account is not made within 10 days, ensuring tight settlement discipline across NER constituents.

8ERPC issues April 2026 Regional Energy Account for Bhutan Hydro Power Stations under India-Bhutan DSM framework
Eastern Regional Power Committee's letter ERPC/COM-I/REA/2026-27/226 dated May 4, 2026 released the Regional Energy Accounting (REA) for Bhutan Hydro Power Stations for April 2026, prepared in compliance with the Deviation Settlement Mechanism modalities between India and Bhutan published by CEA and effective from May 1, 2024. Stakeholders across the Eastern Region have a two-month window to flag discrepancies; after which the REA issued by SE Commercial P.K. De stands final.

8Eastern Region's day-ahead demand forecast MAPE at 4.63% on May 13; intraday tighter at 1.5%
The Eastern Regional Forecasting Error report for May 13, 2026 shows the Day-Ahead forecast achieving a Mean Absolute Percentage Error of 4.63% (RMSE 6.42%) against actual demand that peaked near 28,197 MW at midnight - running 1,072 MW above the day-ahead forecast in the first block (00:00–00:15). The Intraday forecast performed significantly better at 1.5% MAPE (RMSE 2%), with errors often within ±500 MW, demonstrating the substantial improvement real-time forecasting offers.

TRANSMISSION LINE ENERGIZATION

8NLDC reports zero ATC and N-1 violations across all 5 national grid corridors on May 14
Grid Controller of India Limited's National Load Despatch Centre reported zero Available Transfer Capability (ATC) violations and zero N-1 criteria violations for all 5 inter-regional corridors - WR-NR, ER-NR, Import of NR, NEW-SR, and NER Import - on May 14, 2026. Voltage monitoring at key 765 kV substations including Agra, Aligarh, Anpara-C and Anpara-D showed 100% compliance with IEGC band throughout the day, with Ajmer recording a minor 0.56% exceedance above 800 kV.

8ERLDC reports 100% IEGC voltage compliance across all 765 kV and 400 kV Eastern substations on May 13
Grid Controller of India Ltd's Eastern Regional Load Despatch Centre recorded a flawless Voltage Deviation Index of 0.00% for all monitored substations on May 13, 2026, with 765 kV nodes - including Ranchi New (max 786.56 kV), Jharsuguda (max 786.33 kV), and Sasaram (max 787.37 kV) - maintaining voltages within IEGC bands for all 24 hours, signaling stable grid health across the eastern region.

8WRLDC: Maharashtra violates ATC limit 21 times (21.9% of blocks) on May 14; Goa breaches N-1 in 10 blocks
Grid Controller of India's Western Regional Load Despatch Centre reported that Maharashtra violated Available Transfer Capability limits in 21 blocks (5.2% of time, 21.9% of hours) on May 14, 2026, while Goa breached ATC in 18 blocks (4.5%). For the stricter N-1 criteria, Maharashtra recorded 6 violations (1.5%, 6.2 hours) and Goa 10 violations (2.5%), while Gujarat, Madhya Pradesh, Chhattisgarh, and DNHDDPDCL maintained zero violations across all categories.

8SRPC clears APTRANSCO's temporary diversion of 132 KV Prathap Nagar-Yanam feeder to enable Kakinada line upgrade
The Southern Regional Power Committee convened a virtual special meeting on May 13, 2026 with CEA, SRLDC, APSLDC, APTRANSCO, and PED to clear APTRANSCO's proposal for a temporary diversion of the 132 KV Prathap Nagar-Yanam interstate feeder. The rearrangement - involving bridge jumpers at Location No. 56 and solid tapping at Location No. 62 - facilitates erection of a 220 KV Z-type tower at Location No. 41A, enabling conversion of the Kakinada-Prathap Nagar single-circuit line into a double-circuit line.

8IEX DAM clears 1,940 MWh at Rs. 10,000/MWh in Hour 1; solar glut drives mid-day price to Rs. 1,568/MWh on May 14
The IEX Day-Ahead Market Snapshot for May 14, 2026, reveals strong solar surplus pushing sell bids to 49,916 MWh in Hour 12 while MCP bottomed at Rs. 1,568.70/MWh - a 10x collapse from the Rs. 10,000/MWh cleared in Hour 1. Evening demand recovery pushed MCP back up through hours 16–19, reflecting the classic duck curve in India's power market and the growing flexibility challenge posed by solar penetration during midday hours. Details
COAL PRODUCTION & OFFTAKE

8CEA daily coal stock report: RRRVUNL plants at 79% normative stock; Chhabra-II at only 49% on May 13
Central Electricity Authority's Fuel Management Division coal stock report for May 13, 2026 shows RRRVUNL's 7,580 MW Rajasthan fleet at 79% of normative 26-day requirement with only 2,152,100 tonnes, while Chhabra-II TPP (1,320 MW) holds just 217,000 tonnes - 49% of normative stock. In contrast, Haryana's HPGCL (2,510 MW combined) maintained 143% normative stock at 1,396,700 tonnes, and PSPCL Punjab's 2,300 MW fleet held 130% normative cover at 1,001,300 tonnes.

8CEA: India's coal generation on May 13 beats target at 3,996 MU; year-to-date total at 163,651 MU
Central Electricity Authority's fuel-wise generation report (Sub-Report 17) for May 13, 2026 shows coal-based generation outperforming at 3,996.38 MU versus the 3,787.69 MU programme, while hydro underperformed at 415.97 MU against 448.81 MU planned. Year-to-date (April 1 to May 13, 2026-27), total generation reached 194,010.85 MU against a programme of 202,928.54 MU - an 8,917.69 MU shortfall. Nuclear generation YTD at 7,508 MU tracked close to the 7,679 MU target.

8CEA: All-India power generation on May 13 at 4,784.59 MU vs 4,585.11 MU target; Western Region overperforms by 150 MU
Central Electricity Authority's sub-report for May 13, 2026 shows All-India gross generation exceeding target by 199.48 MU at 4,784.59 MU. The Western Region led with 1,763.70 MU against a 1,613.42 MU programme (a surplus of 150+ MU), driven by hydro overperformance of 31.64%. Northern Region fell short by 5.27% at 1,149.67 MU versus a 1,182.71 MU programme, while total thermal generation of 4,183.01 MU outpaced the 3,967.46 MU target and nuclear output of 179.66 MU surpassed the 168.84 MU programme.

8NTPC's 60,007 MW fleet generates 1,093 MU on May 13 vs 1,042 MU target; Eastern Region drags with 7.88% YTD shortfall
CEA's Sub-Report 8 on NTPC stations for May 13, 2026 shows NTPC's all-India monitored fleet (60,007.23 MW) generating 1,093.30 MU against a 1,041.61 MU programme - a surplus of 51.69 MU (+4.96%). However, YTD April 1 to date performance at 43,114.13 MU trails the 45,826.93 MU programme by 2,712.80 MU (-5.92%). The Eastern Region's NTPC stations (17,190 MW) posted the largest shortfall at -7.88% YTD, while the Southern Region exceeded its programme with a +1.32% surplus.

8JSW Mahanadi Power's 3 units (600 MW each) trip on fuel oil problems; Ghatampur TPP's 2×660 MW also offline on May 13
CEA's Sub-Report 11 for May 13, 2026 shows JSW Mahanadi Power Company Limited (Chhattisgarh) lost three 600 MW units - Units 2, 3, and 4 - to fuel oil problems at 4:16 PM in a simultaneous trip, putting 1,800 MW out of service. Uttar Pradesh's Ghatampur TPP continued with both 660 MW units (Units 1 and 2) under forced outage for generator miscellaneous maintenance and ID fan problems since May 6 and 11 respectively, while Lalitpur TPS Unit 3 (660 MW) went offline with a regenerative system problem.

8Rajiv Gandhi TPS units 1 and 2 (600 MW each) under forced outage due to condenser and economiser tube leaks on May 13
CEA's Daily Maintenance Report (Sub-Report 10) for May 13, 2026 reveals that Haryana's Rajiv Gandhi TPS had both 600 MW units offline for forced outages - Unit 1 due to condenser tube leakage/cleaning (from 4:18 PM) and Unit 2 from economiser tube leakage (from 10:01 PM on May 12). Punjab's GH TPS (Lehra Mohabat) lost 500 MW across Units 3 and 4 for abnormal sound and turbine issues, while Rajasthan's Barsingsar Lignite 125 MW Unit 1 remained under planned annual maintenance since April 20.

8NTPC Rihand STPS (3,000 MW) generates 64.63 MU on May 13; Dadri NCTPP (1,840 MW) delivers 32.54 MU vs 26.51 MU target
CEA's Sub-Report 9 for NTPC station-wise generation on May 13, 2026 shows NTPC's Rihand STPS (3,000 MW, Uttar Pradesh) producing 64.63 MU against 64.81 MU programme with 90 days coal stock in hand, while Dadri NCTPP (1,840 MW) overperformed at 32.54 MU versus 26.51 MU target. Singrauli STPS (2,000 MW) generated 43.94 MU against 41.78 MU programme with 98 days coal stock. NTPC Koldam hydro (800 MW) underperformed sharply at 4.65 MU against 10.52 MU programme.

8CEA lists 30+ long-idled power units; DAE Rajasthan off-grid since 2004, Giral TPS units awaiting scrapping since 2014-16
CEA's Sub-Report 13 for May 13, 2026 lists over 30 thermal and gas-based units that have remained off the national grid for more than a year, including Delhi's IP CCPP Units 3, 4, 8 (30 MW each, offline since January 2019) and Rithala CCPP Units 1–3 (offline since June 2013). Rajasthan's DAE nuclear unit (0 MW rated) has not returned since October 2004 due to generator earth fault, while Giral TPS Units 1 & 2 (125 MW each) are marked as 'likely to be scrapped' since 2014 and 2016 respectively; Pipavav CCPP Unit 2 (351 MW) remains under RSD since April 2024. Details
MINISTRY OF POWER

8Ministry of Power appoints Diwakar Nath Misra as Government Nominee Director on SJVN board
SJVN Limited (NSE: SJVN | BSE: 533206), a Navratna CPSE and joint venture of the Government of India and Government of Himachal Pradesh (CIN: L40101HP1988GOI008409), disclosed that the Ministry of Power has appointed Shri Diwakar Nath Misra (DIN: 07464700), Additional Secretary (Hydro) at MoP, as Part-time Official Government of India Nominee Director on the SJVN Board with immediate effect, vide MoP Order No. 15-22/1/2018-HYDEL-II(MoP) dated May 14, 2026.

8NHPC discloses change in Government Nominee Director as Ministry of Power update surfaces in public domain
NHPC Limited (NSE: NHPC | BSE: 533098), a Government of India enterprise (CIN: L40101HR1975GOI032564), informed stock exchanges of an impending change in its Government Nominee Director. While NHPC was yet to receive formal communication from the Ministry of Power (MoP), the company made the disclosure based on information available in the public domain, in compliance with Regulation 30 of SEBI Listing Regulations. NHPC's corporate office is located at Sector-33, Faridabad, Haryana.

CEA & GRID STANDARDS

8India's total installed power capacity crosses 537,264 MW by April 30, 2026; solar leads at 154,236 MW
As per the Central Electricity Authority's latest data, India's total installed power generation capacity reached 537,264 MW as of April 30, 2026, with non-fossil fuels now accounting for 53.61% (288,035 MW) versus fossil fuels at 46.39% (249,229 MW). Solar energy dominated the renewable segment at 154,236 MW (28.71%), wind contributed 56,437 MW (10.50%), hydro (including PSPs) stood at 51,665 MW (9.62%), while coal remained the single largest source at 221,898 MW (41.30%).

8CEA prepares report on rationalising DISCOM fixed charges after All India DISCOMs Association flags tariff design gap
Following a representation from the All India DISCOMs Association (AIDA) vide letter DG-19/2025-AIDA dated December 15, 2025, the Central Electricity Authority convened two stakeholder meetings on January 19 and March 23, 2026 under Member (E&C). The resulting report, forwarded by the Ministry of Power, addresses the need for a national framework to rationalise consumer fixed charges to align with the actual fixed costs incurred by distribution companies, a critical input for retail tariff redesign.

8CEA: India's 309,923 MW monitored capacity delivers 255,120 MW output on May 13; gas and liquid fleet at just 43.26% utilisation
CEA's Sub-Report 16 for May 13, 2026 shows India's 309,923 MW monitored conventional fleet achieving gross generation of 255,120 MW (75.95% of monitored capacity), with coal plants performing best at 81.48% utilisation (180,793 MW from 221,898 MW installed). Hydro stations utilised only 66.90% of capacity (34,732 MW from 51,915 MW), gas and liquid plants lagged at 43.26% (8,704 MW from 20,122 MW), and nuclear plants ran at 78.82%, with 49,234 MW under various outages.

8CEA Sub-Report 5: All-India thermal capacity availability at 87.79% on May 13; Northern hydro lowest at 72.41%
Central Electricity Authority's Sub-Report 5 for May 13, 2026 reveals All-India stabilised thermal fleet (229,101 MW) achieved 87.79% capacity online at 201,128 MW, with the North Eastern region reaching 100% thermal availability. Nuclear capacity ran at 93.17% nationally (8,180 MW from 8,780 MW), while hydro lagged most in the Northern Region at 72.41% (15,870 MW from 21,916 MW) and averaged 79.85% nationally (41,451 MW from 51,915 MW), with the Western Region's hydro availability at 91.10%.

8CEA hydro reservoir report May 13: Bhakra at 483.55m, Tehri below MDDL at 742.91m versus 747.3m draw-down level
CEA's daily hydro reservoir report for May 13, 2026 shows Bhakra Dam (Himachal Pradesh) at 483.55m with 1,728.8 MU energy content (vs 5,282 MU at full reservoir level), while Tehri reservoir (Uttarakhand) at 742.91m is critically below its 747.3m minimum drawdown level with only 17.75 MU content versus 1,291.49 MU at full level. Sardar Sarovar (Gujarat) holds 1,817.55 MU at 129.45m, Koyna (Maharashtra) has 3,126.1 MU at 630.33m, and Srisailam (Andhra Pradesh) holds 1,391.84 MU at 249.25m.

TENDERS & PROCUREMENT (GeM/NIT)

8Government revises 6-year unified accounting software tender for RPCs and NPC in Amendment-III; eases SLA to 99.50% uptime
The Government e-Marketplace tender GEM/2025/B/6978156, originally floated on January 8, 2026, has undergone its third major revision, relaxing application uptime requirements from 99.90% to 99.50% per site, extending the Recovery Time Objective from 1 hour to 2 hours, and cutting Sev-2 resolution targets from 8 hours to 72 hours - while raising hardware specifications to 5th-Gen Intel Xeon processors with 256 GB DDR5 RAM and 50 TB usable SAN storage for the Unified Accounting Software covering Regional Power Committees and NPC. Details
SOLAR POWER

8India's solar power hits 43,294 MW peak; wind and solar together supply 22.34% of grid demand on May 13
Grid Controller of India Limited's NLDC-REMC report reveals that on May 13, 2026, solar hours clocked a maximum demand of 247,680 MW against 55,330 MW of combined renewable (wind + solar) contribution - accounting for a record 22.34% penetration during daytime hours, while wind alone powered 4.86% of the grid at peak. The data underscores India's accelerating renewable energy share in the national grid mix during peak solar production hours.

8Rajasthan tops May 13 renewable generation at 241 MU; CEA reports all-India daily renewable output across states
The Central Electricity Authority's Daily Renewable Generation Report for May 13, 2026 shows Rajasthan leading all-India renewable generation with a combined wind and solar output of over 241 MU for the day, with 213.80 MU from solar alone. The report tracks cumulative renewable generation for May 2026 across all states, with Punjab recording 104.27 MU cumulative and Himachal Pradesh clocking 76.33 MU including significant hydro and other output.

8Solarium Green Energy clears Acuite Ratings Q4 FY26 monitoring on IPO fund utilisation
Solarium Green Energy Limited (NSE: SOLARIUM | BSE: 544354), an Ahmedabad-based company in the civil construction/infrastructure sector (ISIN: INE0W0H01017), submitted its Monitoring Agency Report for Q4 and the half-year ended March 31, 2026, confirming proper utilisation of IPO proceeds. The report was issued by Acuite Ratings & Research Limited and filed per SEBI Regulation 32(6) and SEBI ICDR Regulation 41. The disclosure underscores compliance with capital deployment norms for solar EPC companies.

8Fujiyama Power's CARE Ratings monitoring agency clears Q4 FY26 IPO proceeds utilisation
Fujiyama Power Systems Limited (NSE: UTLSOLAR | BSE: 544613), formerly Fujiyama Power Systems Private Limited, submitted its Monitoring Agency Report from CARE Ratings Limited for the quarter ended March 31, 2026, confirming proper utilisation of IPO proceeds raised through public issue of equity shares. The report, filed in compliance with SEBI Regulation 32(6) and SEBI ICDR Regulation 41(4), confirms all funds raised through the IPO were deployed as stated in the offer document, validating the rooftop solar major's capital deployment plan.

8Borosil Renewables Executive Chairman addresses business updates on CNBC-TV18 on May 14
Borosil Renewables Limited (NSE: BORORENEW | BSE: 502219) disclosed that its Executive Chairman, Mr. Pradeep Kumar Kheruka, appeared on CNBC-TV18 on May 14, 2026 for an interview covering general business updates for the company. The interview is also available on the company's website www.borosilrenewables.com. The disclosure was filed by Company Secretary & Compliance Officer Kishor Talreja (FCS 7064) per SEBI Regulation 30. Borosil Renewables is India's largest solar glass manufacturer.

WIND & HYBRID POWER

8Inox Wind confirms zero deviation in Rs. 1,249.33 crore Rights Issue fund utilisation for Q4 FY26
Inox Wind Limited (NSE: INOXWIND | BSE: 539083, CIN: L31901HP2009PLC031083) filed a SEBI Regulation 32 nil deviation statement on May 14, 2026, confirming zero deviation in the utilisation of funds raised through its Rights Issue dated August 21, 2025 - for the quarter ended March 31, 2026. The company raised Rs. 1,249.33 crore through the Rights Issue, and the Audit Committee reviewed and noted the nil-deviation statement at its meeting on May 14, 2026, confirming full deployment in line with the stated objects in the Letter of Offer.

8INOX Green Energy confirms nil deviation in Q4 FY26 preferential issue fund utilisation
INOX Green Energy Services Limited (NSE: INOXGREEN | BSE: 543667), formerly known as INOX Wind Infrastructure Services Ltd. (CIN: L45207GJ2012PLC070279), confirmed via a SEBI Regulation 32 filing that there was zero deviation or variation in the utilisation of funds raised through its Preferential Issue during Q4 ended March 31, 2026. The company stated that proceeds were utilised in full accordance with the stated objects of the issue. The nil-deviation statement was reviewed and noted by the Audit Committee at its meeting on May 14, 2026.

STORAGE & GREEN HYDROGEN

8Krishnapatnam plant leads Andhra Pradesh generation at 44.99 MU; Greenko pumped storage adds 12.26 MU on May 14
Grid Controller of India Limited's Southern RLDC Generation Report for May 14, 2026, shows Krishnapatnam power station at the top with 44.99 MU gross output and 1,875 MW capacity, while Greenko's pumped storage contributed 12.26 MU at 511 MW. Andhra Pradesh's total demand met for the day stood at 10,344 MU with zero shortage. The Greenko data illustrates the growing role of pumped storage as a flexibility resource in India's evolving grid management.

8GDAM weekly volume tops 27,000 MWh; May 13 records peak MCP of Rs. 4,498/MWh in green energy market
The IEX Green Day-Ahead Market weekly summary for May 8–15, 2026, shows May 13 recording the highest market clearing price of Rs. 4,498.85/MWh with 2,697.71 MWh total cleared volume. Total weekly purchase bids reached over 1,07,208 MWh across solar, non-solar and hydro segments, reflecting rising demand for certified renewable energy certificates in the green market amid corporate sustainability commitments.

POLICY & INCENTIVES

8TERI's NCoEGPS releases India's first green maritime fuel roadmap charting transition to ammonia, methanol and hydrogen
The National Centre of Excellence in Green Port and Shipping (NCoEGPS) at TERI, led by Dr. Piyali Das, published 'Advanced Green Fuels for Maritime Application - Road Map for India (Part A)' in 2026, mapping India's pathway for decarbonising its shipping sector through alternative fuels including green ammonia, methanol and hydrogen - an initiative under the Ministry of Ports, Shipping and Waterways' maritime sustainability agenda. The roadmap forms a key planning input for India's Green Port Performance Index framework.

8Ministry of Ports launches Green Port Performance Index to rank India's ports on sustainability and pollution control
The Ministry of Ports, Shipping and Waterways, Government of India, released the Green Port Performance Index (GPPI) in October 2025 (Rev-0) - a comprehensive framework to measure and rank Indian ports on their progress in green transformation, pollution control, and environmental performance. The index defines applicability, GPPI framework, awards and recognition categories, and designates a nodal agency for implementation, marking a major shift in India's port governance toward sustainability metrics.

8Ministry of Ports' NAVIC Cell unveils India's maritime solar potential study charting energy transition roadmap
India's Ministry of Ports, Shipping and Waterways released a macro-level study titled 'India's Maritime Green Shift: Pioneering Energy Transition and Pollution Control,' developed by the NAVIC Cell 3 committee chaired by VoCPA. The report, led by Nodal Officer Shri Vijay Kumar IAS, assesses India's maritime solar potential and charts a green energy transition strategy for ports and vessels, with inputs from DGS, CSL, IMU and IWAI, supporting the broader green port roadmap.

8IEEFA report warns gas capital costs triple to $2,500/kW; flags billions in consumer risk as renewables offer cheaper alternative
The Institute for Energy Economics and Financial Analysis (IEEFA) released a May 14, 2026 report titled 'The Misguided Gas Stampede,' authored by energy analyst Dennis Wamsted. The report warns that capital costs for new gas turbines have roughly tripled in three years to at least $2,500 per kilowatt, with no new plants likely online before 2030. The report cited Dominion Energy's 1,588 MW Greensville gas plant, where fuel costs jumped from $308 million in 2021 to $519 million in 2022. Details
WORK ORDERS & SUPPLY CONTRACTS

8G R Infraprojects' subsidiary signs HAM concession for Rs. 2,440.87 crore NH-33 greenfield highway in Bihar
G R Infraprojects Limited (NSE: GRINFRA | BSE: 543317) announced that its wholly owned subsidiary, Munger Link Highway Private Limited, executed a Concession Agreement with the National Highways Authority of India (NHAI) on May 14, 2026. The project involves construction of a 4-lane Greenfield section of NH-33 from Mokama (Ch. 0+000) to Munger (Ch. 82+400) in Bihar, spanning approximately 82.4 km under Hybrid Annuity Mode (HAM), with an estimated project cost of Rs. 2,440.87 crore (excluding GST) and a completion period of 910 days.

8L&T partners France's Exail to deliver unmanned mine countermeasure suite for Indian Navy's 12 MCMV programme
Larsen & Toubro Limited (NSE: LT | BSE: 500510) announced a strategic collaboration with France-based Exail to deliver an advanced Unmanned Mine Counter-Measure (MCM) Suite for the Indian Navy's Mine Counter Measure Vessels (MCMVs) programme, targeting 12 vessels. L&T, as prime contractor, will integrate Exail's globally proven autonomous and remotely operated MCM systems - already deployed by several navies worldwide - that can detect, classify, identify and neutralise naval mines. The initiative aligns with Aatmanirbhar Bharat and Make in India.

8GMR Power and Urban Infra extends Rs. 240 crore corporate guarantee to IDBI Bank for 3 smart meter subsidiaries
GMR Power and Urban Infra Limited (NSE: GMRP&UI | BSE: 543490), on May 14, 2026, disclosed it has extended a Corporate Guarantee in favour of IDBI Bank Limited for an aggregate amount of Rs. 240 crore - comprising three separate working capital facilities of up to Rs. 80 crore each - to secure credit sanctioned to its step-down subsidiaries: GMR Kashi Smart Meters Limited, GMR Triveni Smart Meters Limited, and GMR Agra Smart Meters Limited. The disclosure confirms financial backing for its expanding smart metering business across Uttar Pradesh.

8PSPCL amends 132 KV Bhikiwind-Sur Singh 66 KV line scope; revised cost at Rs. 231.02 lakhs
Punjab State Power Corporation Limited (PSPCL) issued Amendment No. 111/2025-26 modifying the scope of work under TWL Sr. No. 34/2025-26 for the 66 KV line stringing from 132 KV Substation Bhikiwind to 66 KV Substation Sur Singh/Gaeobua. The revised scope, covering approximately 1.5 km of ACSR 0.2 sq. inch conductor from 132 KV S/Stn Bhikiwind to Tower No. 12, has an estimated cost of Rs. 231.02 lakhs (revised from Rs. 62.58 lakhs for 7 km) following recommendations by EIC/P&M PSPCL Ludhiana and Dy.CE/P&M Amritsar.

8PSPCL sanctions replacement of HRP with DC towers on 66 KV Mehta-Udonangal line; estimated Rs. 373.90 lakhs
Punjab State Power Corporation Limited (PSPCL) issued Amendment No. 113/2025-26, adding to Annexure-B Priority Works the augmentation of the 66 KV Mehta (Udonangal) line under DS Circle Gurdaspur. The scope involves replacing HRP with DC towers, augmenting the existing 0.1 sq. inch conductor to 0.2 sq. inch on a DC line of approximately 9.91 km length emanating from 220 KV Udoke, at an estimated cost of Rs. 373.90 lakhs, with a credit of Rs. 29.93 lakhs for dismantlement of the old 0.1 sq. inch 66 KV HRP line.

CAPACITY COMMISSIONING

8NTPC Group crosses 88,788 MW total capacity with 100 MW Rajasthan solar projects declaring COD on May 15, 2026
NTPC Limited (NSE: NTPC | BSE: 532555) disclosed that its subsidiary NTPC Green Energy Limited (NGEL) achieved Commercial Operation Dates (COD) for two solar project milestones in Rajasthan effective May 15, 2026: the second part capacity of 12.5 MW (cumulative 100 MW) under Project Eleven Renewable Power Pvt. Ltd. (150 MW project), and 50 MW (cumulative 200 MW) under Project Sixteen Renewable Power Pvt. Ltd. (300 MW project). With these additions, total installed capacity of NTPC Group stands at 88,788 MW, including 9,868 MW commercial renewable capacity.

8Fujiyama Power Systems commissions 2,000 MW solar panel manufacturing line at Ratlam
Fujiyama Power Systems Limited (NSE: UTLSOLAR | BSE: 544613) announced on May 14, 2026 the commissioning of its 2,000 MW solar panel manufacturing facility at Ratlam, Madhya Pradesh - part of a large-scale greenfield integrated solar manufacturing expansion. The Ratlam complex is designed for 2,000 MW capacity each for solar panels, batteries, and inverters as part of a fully integrated manufacturing setup. The milestone makes Fujiyama one of India's largest domestic solar panel manufacturers, supporting India's renewable energy and Aatmanirbhar Bharat goals.

8MoP allocates 82 MW to Sikkim and 269 MW to Karnataka; THDCIL's Tehri PSP Unit 8 declares commercial operation
The Central Electricity Authority's power allocation statement as on April 30, 2026, reveals that the Ministry of Power allocated 82 MW from NTPC stations to Sikkim and 269 MW to Karnataka from unallocated quota including Buxar Thermal Power Project. Additionally, THDCIL declared commercial operation of the 4th unit (Unit #8) of Tehri PSP (4×250 MW), notified vide letter dated April 10, 2026. The development strengthens hydro pumped storage capacity in India's grid, critical for renewable energy integration.

8IndiGrid commissions Gujarat BESS Private Limited, one of India's largest standalone BESS projects at 180 MW / 360 MWh
IndiGrid Infrastructure Trust commissioned Gujarat BESS Private Limited, one of India's largest standalone Battery Energy Storage System (BESS) projects with a capacity of 180 MW / 360 MWh. The commissioning was highlighted in IndiGrid's Q4 FY26 results disclosure alongside operational revenue of Rs. 874 crore (up 9.5% YoY) and full-year DPU of Rs. 16 per unit. The BESS asset adds to IndiGrid's AUM of Rs. 33,815 crore and positions the trust as a key infrastructure player in India's grid storage transition.

8NTPC Green Energy Group's installed capacity rises to 10,516.40 MW after 62.5 MW Rajasthan solar COD
NTPC Green Energy Limited (NSE: NTPCGREEN | BSE: 544289) disclosed that two solar project milestones under its joint venture ONGC NTPC Green Private Limited achieved Commercial Operation effective 00:00 hrs of May 15, 2026: the second part capacity of 12.5 MW (cumulative 100 MW) of Project Eleven Renewable Power Pvt. Ltd.'s 150 MW project in Rajasthan, and 50 MW (cumulative 200 MW) of Project Sixteen Renewable Power Pvt. Ltd.'s 300 MW project. With these additions, NGEL Group's total installed capacity rises from 10,453.90 MW to 10,516.40 MW.

EQUITY & STAKE ACQUISITION

8Adani Power wins CCI nod for GVK Energy acquisition amid ongoing CIRP; Committee of Creditors yet to vote
Adani Power (BSE: 533096) clarified to BSE on May 14, 2026 that while it has received Competition Commission of India (CCI) approval for its proposed acquisition of GVK Energy Limited - which entered Corporate Insolvency Resolution Process (CIRP) on May 6, 2025 under IBC Section 7 - the Resolution Plan submitted by Adani Power and other bidders has not yet been voted upon or approved by the Committee of Creditors (CoC). The CCI approval was a statutory prerequisite ahead of CoC consideration of competing resolution plans.

8Patel Engineering board approves sale of entire 84,95,040 equity shares in ACP Tollways at Rs. 100 face value
Patel Engineering Limited (NSE: PATELENG | BSE: 531120) disclosed on May 14, 2026 that its Board of Directors approved the sale of the company's entire stake in ACP Tollways Private Limited, an associate company, comprising 84,95,040 equity shares with a face value of Rs. 100 per share. The proposed transaction remains subject to receipt of necessary approvals from lenders of ACP Tollways, with further details to be disclosed upon completion of documentation. The disclosure was filed under SEBI Regulation 30.

8PGCIL and private TSPs drive Rs. 2.35 lakh crore TBCB transmission pipeline; 84 projects cover 37,377 ckm
The Central Electricity Authority's April 2026 progress report for Under-Construction TBCB Transmission Projects reveals 84 active projects with PGCIL leading 43 projects (19,903 ckm, 172,600 MVA, Rs. 1,22,316 crore) and private TSPs contributing 41 projects (17,473 ckm, 145,400 MVA, Rs. 1,12,582 crore) - bringing India's total competitive bidding transmission pipeline to Rs. 2,34,898 crore. Private participation now nearly matches PGCIL in competitive bidding transmission routes. Details
COMMISSION ORDERS (CERC/SERC)

8HPERC approves Himachal Pradesh's Resource Adequacy Plan for FY2026-35; total contracted capacity to hit 11,524 MW by 2035-36
The Himachal Pradesh Electricity Regulatory Commission (HPERC) decided on Petition No. 73 of 2026 on May 14, 2026, approving the Resource Adequacy Plan submitted by HP State Electricity Board Limited. The plan projects electricity demand to grow at a CAGR of 4.63% with peak demand at 3.71% from FY26 to FY36. By FY2035-36, total projected contracted capacity will be approximately 11,524 MW, comprising 4,067 MW solar, 2,247 MW hydro, 900 MW hydro-pumped storage, 569 MW hydro-based, 410 MW coal, 55 MW nuclear and 4 MW biomass.

8CERC adopts transmission charges for Morena-I SEZ's 2,500 MW renewable evacuation system in Madhya Pradesh
The Central Electricity Regulatory Commission, in Petition No. 132/AT/2026 dated May 13, 2026, took up the matter of transmission charges for Morena-I SEZ Transmission Limited's infrastructure built to evacuate power from 2,500 MW RE projects in Morena SEZ, Madhya Pradesh - Phase I - under Section 63 of the Electricity Act, 2003. The proceeding aims to operationalise transmission tariff arrangements for power evacuation from a key renewable energy zone supporting India's clean energy targets.

8CERC schedules June 10 public hearing on Power Market Second Amendment Regulations 2026 via online video conference
The Central Electricity Regulatory Commission, vide notice No. L-1/257/2020 dated May 13, 2026, announced a public hearing on June 10, 2026 at 10:30 AM through online video conferencing on the Draft CERC (Power Market) (Second Amendment) Regulations, 2026. The hearing invites representatives from central/state governments, LDCs, CPSUs, transmission licensees, power exchanges, IPPs, financial institutions, NGOs and consultancy firms, marking a major review of India's power market regulatory framework.

8CERC extends deadline for Power Market Second Amendment comments to June 5, 2026 after stakeholder requests
The Central Electricity Regulatory Commission, vide Public Notice No. L-1/257/2020 dated May 13, 2026, extended the submission deadline for comments, suggestions and objections on the Draft CERC (Power Market) (Second Amendment) Regulations, 2026, from May 16, 2026 to June 5, 2026 - following requests from stakeholders. Submissions are to be sent to secy@cercind.gov.in and mahesh.khicher@cercind.gov.in, providing additional time for power exchanges, traders, and market participants to articulate views on key amendments.

8TNERC releases Draft SLDC Fees and Charges Regulations 2026 with new MYT framework and control period
The Tamil Nadu Electricity Regulatory Commission released its Draft Regulations for Determination of State Load Despatch Centre Fees and Charges, 2026, on May 14, 2026, covering the Multi-Year Tariff (MYT) framework, annual tariff cycle, control period, definitions, transitional provisions and applicability. The regulation is constituted under Section 82(1) of the Electricity Act, 2003 (Central Act 36 of 2003) and forms the basis for recovering the operating costs of Tamil Nadu's State Load Despatch Centre over a multi-year horizon.

8APTEL rules on tariff dispute for NEEPCO's 101 MW Tripura gas plant in Appeal No. 184 of 2020
The Appellate Tribunal for Electricity (APTEL) delivered its judgment on May 14, 2026 in Appeal No. 184 of 2020, filed by Tripura State Electricity Corporation Limited (TSECL) challenging CERC's April 4, 2019 order on tariff approval for North Eastern Electric Power Corporation Ltd.'s (NEEPCO) 101 MW Tripura Gas Based Power Plant at Monarchak, Sepahijala District. The original CERC petition (No. 128/GT/2017) covered the tariff from Commercial Operation Date of the Gas Turbine unit to March 31, 2019, with TSECL as the sole beneficiary and off-taker.

REGULATORY PETITION & REVIEW

8UPERC hears Spaark Bresson WTE's tariff petition for 24.70 MW waste-to-energy plant at Kuberpur, Agra
The Uttar Pradesh Electricity Regulatory Commission, Lucknow, on May 14, 2026, took up Petition No. 2373 of 2026 filed by M/s Spaark Bresson WTE Private Ltd., Faridabad, Haryana, seeking provisional tariff approval for supply of 21 MW from a 24.70 MW Municipal Solid Waste-based Waste-to-Energy plant at Kuberpur, Agra, Uttar Pradesh, under Sections 61, 62 and 86 of the Electricity Act, 2003, with UPPCL as the respondent. The matter is significant for India's urban waste-to-power policy framework.

8UPERC proceeds in fly ash transportation reimbursement case for FY 2022-23, 2023-24 and 2024-25
The Uttar Pradesh Electricity Regulatory Commission, Lucknow, in Petition Nos. 2106/2024 and 2226/2025, heard arguments on May 14, 2026, concerning reimbursement of fly ash transportation costs for FY 2022-23, 2023-24, and 2024-25 under MoEF&CC Notification No. S.O. 5481(E) dated December 31, 2021. The petition is filed under Section 86(1)(b) of the Electricity Act, 2003, and Article 14 of the Power Purchase Agreement dated November 12, 2006, addressing a cost pass-through issue for thermal generators.

8GERC adjourns Gujarat Urja Vikas Nigam's 700 MW solar PV tariff petition for Dholera Solar Park Phase IX
The Gujarat Electricity Regulatory Commission, in its daily order dated May 13, 2026, adjourned Petition No. 1906 of 2020 filed by Gujarat Urja Vikas Nigam Limited seeking adoption of tariff for 700 MW Solar PV projects in the 1,000 MW Dholera Solar Park under Phase IX competitive bidding. The matter stands connected with Petitions No. 2282 and 2283 of 2023, and the next hearing date is to be intimated separately, leaving one of Gujarat's largest solar park tariff finalisations pending.

8TNERC adjourns Tamil Nadu Power Distribution Corp's MP No. 12 case to May 19; Sakthi Sugars and TNPL case also listed
The Tamil Nadu Electricity Regulatory Commission, on May 14, 2026, adjourned M.P. No. 12 of 2026 filed by the Chief Engineer/PPP of Tamil Nadu Power Distribution Corporation Ltd. to May 19, 2026, at the petitioner's request for filing an additional affidavit. The same bench also listed Review Application No. 3 of 2024, involving M/s Sakthi Sugars and Tamil Nadu Newsprint and Papers Ltd. versus TANGEDCO. The matters concern intra-state power supply and PPA-related disputes.

OMBUDSMAN & CONSUMER GRIEVANCE

8Uttarakhand Ombudsman awards relief to Roorkee consumer in 8-year billing dispute with UPCL
The Electricity Ombudsman of Uttarakhand, in Award No. 14/2026 dated May 13, 2026, adjudicated the complaint of Shri Raja Ram, Haridwar, who contested that dues of Rs. 75,560 cleared on March 25, 2015, against a 1 KW domestic connection (meter no. 530172) were still being raised by Uttarakhand Power Corporation Ltd., Roorkee - a dispute that had persisted despite payment records. The ruling provides consumer relief in a long-pending billing dispute and reinforces ombudsman jurisdiction over legacy claims.

872-year-old Srinagar Garhwal consumer wins UPCL meter dispute; Uttarakhand Ombudsman issues Award No. 60/2025
The Electricity Ombudsman of Uttarakhand issued Award dated May 13, 2026, in Representation No. 60/2025, ruling in favour of Shri Praveen Thapliyal, a 72-year-old senior citizen from Tehri Garhwal, who alleged that a UPCL representative visited his premises on March 19, 2025, for meter reading but no bill was issued. His connection no. SN75209071891 served only 3 residents, yet billing irregularities persisted. The decision underscores ombudsman protections for senior citizens facing utility disputes.

8Galwalia Ispat moves from Uttarakhand Ombudsman to UERC; Representation No. 20/2026 closed without merits
The Electricity Ombudsman of Uttarakhand closed Representation No. 20/2026 on May 13, 2026, after M/s Galwalia Ispat Udyog (P) Ltd., Narain Nagar Industrial Area, Kashipur, Udham Singh Nagar, withdrew its appeal against Uttarakhand Power Corporation Ltd. The petitioner opted to pursue the case before the Uttarakhand Electricity Regulatory Commission, which had accepted it for hearing - a procedural shift reflecting the layered redressal mechanism for industrial consumers under the Electricity Act, 2003.

8La Opala RG withdraws UPCL complaint at Uttarakhand Ombudsman; shifts case to UERC in Sitarganj billing matter
The Electricity Ombudsman of Uttarakhand closed Representation No. 10/2026 on May 6, 2026, after La Opala RG Ltd., Plot No. B-108, ESIP, Sitarganj, Udham Singh Nagar, withdrew its appeal against Uttarakhand Power Corporation Ltd. via letter dated May 7, 2026, citing intent to pursue the matter before the Hon'ble UERC. The withdrawal underscores how high-value industrial consumers prefer direct regulatory adjudication over the ombudsman route for complex tariff and billing disputes. Details
QUARTERLY RESULTS

8TD Power Systems posts 42% surge in Q4 FY26 net sales to Rs. 53,426 lakhs; PAT jumps 43% YoY
TD Power Systems Limited (NSE: TDPOWERSYS | BSE: 533553), headquartered in Bengaluru, reported Q4 FY26 Net Sales rising to Rs. 53,426.62 lakhs from Rs. 37,634.47 lakhs a year earlier - a 42% jump - with PAT climbing 43% YoY to Rs. 6,274.20 lakhs. For full year FY26, Net Sales stood at Rs. 1,71,666.38 lakhs versus Rs. 1,26,539.62 lakhs in FY25, with annual PAT at Rs. 21,644.35 lakhs. The board also approved a final dividend of Rs. 1.10 per share and a 1:2 stock split.

8Fujiyama Power Systems delivers 87.5% revenue surge to Rs. 9,008 million in Q4 FY26; PAT more than doubles YoY
Fujiyama Power Systems Limited (NSE: UTLSOLAR | BSE: 544613), a leading rooftop solar solutions provider, reported Q4 FY26 Revenue from Operations of Rs. 9,008 million - up 87.5% YoY - while EBITDA soared 116.9% to Rs. 1,715 million at a 19.0% margin. PAT grew 107.5% to Rs. 1,063 million with an 11.8% PAT margin. For FY26, revenue reached Rs. 26,545 million (up 72.3% YoY), with EBITDA nearly doubling to Rs. 4,903 million, reflecting strong rooftop solar demand.

8HCC FY26 standalone net profit surges 142% to Rs. 205.8 crore as debt falls 38% to Rs. 1,995 crore
Hindustan Construction Company Ltd. (NSE: HCC | BSE: 500185) reported standalone net profit rising 142% YoY to Rs. 205.8 crore from Rs. 84.9 crore in FY25, while debt was slashed 38% to Rs. 1,995 crore. The company's order book stood at Rs. 12,971 crore as of March 31, 2026, with new orders of Rs. 4,554 crore secured during FY26. Standalone EBITDA margin reached 16.1% and consolidated revenue stood at Rs. 3,969.6 crore. HCC has built 60% of India's installed nuclear power capacity.

8Kalpataru Projects reports 22% revenue jump to Rs. 27,143 crore in FY26; net debt plummets 53% to Rs. 915 crore
Kalpataru Projects International Limited (NSE: KPIL | BSE: 522287), an infrastructure EPC major, delivered its highest-ever consolidated revenue of Rs. 27,143 crore in FY26 - up 22% YoY - while EBITDA grew 22% to Rs. 2,240 crore. Pre-tax profit surged 62% YoY to Rs. 1,334 crore with PBT margin improving by 120 bps to 4.9%. Net debt was cut 53% to Rs. 915 crore, and EPS rose 71% to Rs. 60.90 per share. Order book stood at Rs. 65,457 crore with FY26 order intake of Rs. 26,400 crore.

8IndiGrid reports Q4 FY26 operational revenue of Rs. 874 crore, up 9.5% YoY; delivers full year DPU of Rs. 16 per unit
IndiGrid Infrastructure Trust, managed by IndiGrid Investment Managers Limited, reported Q4 FY26 operational revenue of Rs. 874 crore - up 9.5% YoY - with operational EBITDA of Rs. 782 crore at 89% margin (up 8.5% YoY). For FY26, operational revenue was Rs. 3,311 crore (up 3.1%) and EBITDA at Rs. 2,982 crore with 90% margin. AUM stood at Rs. 33,815 crore with Net Debt/AUM at 57.6%. Q4 FY26 DPU was declared at Rs. 4.00, delivering full-year guidance of Rs. 16.00 per unit.

8GMDC posts FY26 revenue of Rs. 2,653.38 crore; PBT of Rs. 1,301.88 crore including Rs. 492.63 crore GST credit
Gujarat Mineral Development Corporation Limited (NSE: GMDCLTD | BSE: 532181), a Government of Gujarat Enterprise, approved audited FY26 results on May 14, 2026. Revenue from Operations for FY26 stood at Rs. 2,653.38 crore versus Rs. 2,850.84 crore in FY25, with Net Profit Before Tax of Rs. 1,301.88 crore - boosted by an exceptional item of Rs. 522.65 crore representing GST input tax credit of Rs. 492.63 crore on lignite supply. Q4 FY26 standalone revenue was Rs. 814.05 crore with PBT of Rs. 261.74 crore.

8Patel Engineering posts FY26 revenue of Rs. 51,207 million with PAT of Rs. 2,945 million and EPS of Rs. 2.84
Patel Engineering Limited (NSE: PATELENG | BSE: 531120) reported FY26 consolidated revenue from operations of Rs. 51,027 million (up 0.2% YoY versus Rs. 50,934 million in FY25), EBITDA of Rs. 6,840 million at a 13.40% margin, and PAT of Rs. 2,945 million at 5.77% margin, with diluted EPS of Rs. 2.84 per share. Total order book stood at Rs. 1,51,193 million with FY26 order inflow of Rs. 44,000 million, and the company monetised non-core assets worth Rs. 1,850 million.

8Kalpataru Projects Q4 FY26 revenue rises 10% to Rs. 7,778 crore; PBT up 73% YoY to Rs. 511 crore
Kalpataru Projects International Limited (NSE: KPIL | BSE: 522287) published Q4 FY26 results showing revenue of Rs. 7,778 crore (up 10% YoY), EBITDA of Rs. 640 crore (up 19% YoY), and PBT of Rs. 511 crore (up 73% YoY). The Q4 performance contributed to the highest-ever annual revenue of Rs. 27,143 crore for FY26. The Board recommended a dividend of Rs. 11 per share (550% on face value of Rs. 2). The company holds a robust order book of Rs. 65,457 crore and received FY26 order intake of Rs. 26,400 crore.

ANNUAL RESULTS

8L&T files Integrated Annual Report for FY2025-26 ahead of 81st AGM scheduled for June 5, 2026
Larsen & Toubro Limited (NSE: LT | BSE: 500510), India's largest engineering conglomerate (CIN: L99999MH1946PLC004768), filed its Integrated Annual Report for FY2025-26 including Business Responsibility and Sustainability Reporting with BSE and NSE. The report precedes L&T's 81st Annual General Meeting scheduled for Friday, June 5, 2026 at 3:00 PM IST via Video Conferencing. L&T emphasised resilience amidst global geopolitical shifts, AI-driven innovation, and India's infrastructure growth story during FY26.

8Orient Green Power releases Q4 FY26 audited standalone and consolidated results audio recording
Orient Green Power Company Limited (NSE: GREENPOWER | BSE: 533263) uploaded the audio recording of its Investors/Analysts Call held on May 13, 2026, covering audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The recording, accessible on the company's website, confirms compliance with SEBI Regulation 30 obligations and offers institutional investors and analysts post-call access to management commentary on the renewable energy company's FY26 operational and financial performance.

DIVIDEND & BOARD DECISIONS

8HCC board approves Rs. 800 crore fundraise; authorised share capital raised from Rs. 300 crore to Rs. 400 crore
Hindustan Construction Company Ltd. (NSE: HCC | BSE: 500185) announced a major capital-raising plan with its Board approving fund infusion of up to Rs. 800 crore through equity shares or equity-linked instruments including QIP, preferential allotment, or rights issue, subject to regulatory and shareholder approvals. The Board also approved an increase in Authorised Share Capital from Rs. 300 crore to Rs. 400 crore, restructuring the capital to 390 crore equity shares of Rs. 1 each. The announcement came at the Board Meeting held on May 14, 2026.

8Kalpataru Projects board recommends Rs. 11 per share dividend (550%) on Rs. 2 face value for FY26
Kalpataru Projects International Limited (NSE: KPIL | BSE: 522287) Board recommended a dividend of Rs. 11 per share representing 550% on face value of Rs. 2 for FY26. The declaration follows the company's strongest-ever financial performance with consolidated revenue of Rs. 27,143 crore (up 22% YoY), EBITDA of Rs. 2,240 crore, and PAT growth that took EPS up 71% to Rs. 60.90 per share. Net debt was simultaneously cut by 53% to Rs. 915 crore, strengthening the balance sheet alongside the dividend payout.

8GMDC recommends Rs. 9.50 per share dividend (475%) on Rs. 2 face value after FY26 PBT of Rs. 1,301.88 crore
Gujarat Mineral Development Corporation Limited (NSE: GMDCLTD | BSE: 532181), a Government of Gujarat Enterprise, recommended a dividend of Rs. 9.50 per equity share of Rs. 2 each (475% of face value) for FY26, subject to shareholder approval at the AGM. The recommendation came alongside FY26 Net Profit Before Tax of Rs. 1,301.88 crore - boosted by an exceptional item of Rs. 522.65 crore representing GST input tax credit of Rs. 492.63 crore on lignite supply. Total assets stood at Rs. 8,978.89 crore as of March 31, 2026.

8Fujiyama Power board approves 1.2 GW TOPCon solar cell plant at Ratlam with Rs. 350 crore investment
Fujiyama Power Systems Limited (NSE: UTLSOLAR | BSE: 544613) held its Board Meeting on May 14, 2026 from 4:45 PM to 7:00 PM IST, approving audited FY26 financial results, setting up a 1.2 GW TOPCon solar cell manufacturing facility at Ratlam, Madhya Pradesh with a Rs. 350 crore investment, and commissioning its 2 GW solar panel manufacturing line at Ratlam. The Board also provided updates on inverter and battery manufacturing lines and addressed a fire incident at the company's Bawal Industrial Area facility in Rewari, Haryana.

8Siemens Limited receives Central Government approval to shift financial year to April–March cycle from FY2026-27
Siemens Limited (NSE: SIEMENS EQ | BSE: 500550) disclosed on May 14, 2026 that it has received an order from the Central Government through the Regional Director, Western Region Directorate I, Ministry of Corporate Affairs, Mumbai, vide order dated May 13, 2026, approving a change in its financial year. The company will adopt a uniform April 1–March 31 financial year cycle beginning FY2026-27, and will observe a one-time transitional 18-month financial year from October 1, 2024 to March 31, 2026, transitioning from its prior October–September cycle.

EARNINGS CALL & ANALYST MEET

8Siemens Energy India hosts H1 FY26 earnings call; powers 55% of India's large steam turbines and 30% of grid capacity
Siemens Energy India Limited (NSE: ENRIN | BSE: 544390), a pure-play energy company with 8 factories across India (CIN: L28110MH2024PLC418770), hosted its H1 FY26 Earnings Call with investors on May 15, 2026. The company serves India's entire energy value chain across power generation, transmission, and industrial solutions, with its technology underpinning approximately 55% of India's large steam turbines, 25% of gas turbines, and 30% of grid capacity. Sales rights also cover Bhutan, Nepal, Maldives, and Sri Lanka.

8ACME Solar Holdings releases full transcript of Q4 FY26 earnings call held May 8, 2026
ACME Solar Holdings Limited (NSE: ACMESOLAR | BSE: 544283), headquartered in Gurugram, Haryana (CIN: L40106HR2015PLC102129), filed the complete transcript of its Q4 and FY26 Earnings Conference Call held on May 8, 2026. Key management - including Chairman & MD Manoj Kumar Upadhyay, CEO Nikhil Dhingra, and CFO Arun Chopra - participated in the call moderated by Nikunj Seth of MUFG. The transcript covers audited standalone and consolidated financial results for the quarter and year ended March 31, 2026.

8Genus Power Infrastructures schedules Q4 FY26 earnings call for May 19, 2026 at 1:00 PM IST
Genus Power Infrastructures Limited (NSE: GENUSPOWER | BSE: 530343), a Kailash Group Company headquartered in Jaipur, announced an earnings call on Tuesday, May 19, 2026 at 1:00 PM IST to discuss its operational and financial performance for the quarter and full year ended March 31, 2026. The call will be hosted by Kaviraj Securities Pvt. Ltd., offering analysts and investors a first look at the smart metering and energy management major's FY26 results. The company is a key player in India's smart meter rollout under various state DISCOM tenders.

8Quality Power shares Q4 FY26 earnings presentation; IPO at Rs. 425 per share raised Rs. 858.70 crore
Quality Power Electrical Equipments Limited (NSE: QPOWER | BSE: 544367) shared its Q4 FY26 Earnings Presentation at an investor/analyst call held on May 14, 2026 at 12:00 PM IST. The company, which raised a total of Rs. 858.696 crore through its IPO at Rs. 425 per share - Rs. 224.999 crore as fresh issue (5,294,100 shares) and Rs. 633.696 crore as offer for sale (14,910,500 shares) - presented its audited financial results for the quarter and year ended March 31, 2026.

8Patel Engineering MD and CFO lead Q4 FY26 investor call; audio recording uploaded online
Patel Engineering Limited (NSE: PATELENG | BSE: 531120), a Mumbai-based infrastructure company (CIN: L99999MH1949PLC007039), uploaded the audio recording of its Q4 and FY26 Investor Conference Call to its website. The call was attended by Managing Director Ms. Kavita Shirvaikar and Chief Financial Officer Mr. Rahul Agarwal. The company confirmed that no unpublished price-sensitive information was shared during the call. The recording is available at https://tinyurl.com/ys74s4xm, submitted per SEBI Regulations 30 and 46(2)(oa).

CREDIT RATING & ANALYST REPORT

8ICRA withdraws [ICRA]A+(Stable) rating on Tirunveli Solar's Rs. 300 crore bank facilities after No Dues Certificate
ICRA has withdrawn the [ICRA]A+(Stable) ratings on the bank facilities of Tirunveli Solar Project Private Limited (TSPPL) - totalling Rs. 300 crore (Rs. 273 crore term loan and Rs. 27 crore working capital) - at the company's request and based on a No Dues Certificate received from its bankers. TSPPL is a subsidiary of Ayana Renewable Power Private Limited (ARPPL), which provides parent-level financial support. The withdrawal is in line with ICRA's policy on rating withdrawals.

8CareEdge retains 'CARE D; ISSUER NOT COOPERATING' tag on Rake Power's Rs. 10 crore bank facilities
CARE Ratings Ltd. (CareEdge Ratings) retained a 'CARE D; ISSUER NOT COOPERATING' rating on Rake Power Limited's (RPL) bank facilities totalling Rs. 10 crore - Rs. 7 crore long-term and Rs. 3 crore long-term/short-term. First placed under this category on March 21, 2025, RPL has continued to fail to provide information despite repeated requests on February 4, February 14, and February 24, 2026. The rating indicates default-level credit risk based on the best available information. Details
 For reference purposes the website carries here the following tenders:
 8Tender for civil work for construction of 33 kV link bay at 132 kV S/S Details
 8Tender for construction of 01 No. 132kV GIS bay and 01 No. 33kV GIS bay includes Details
 8Tender for diversion of 220 kV DC line Details
 8Tender for work of providing and applying high insulation compound coating to IPS tube's, support insulators Details
 8Tender for work of annual rate contract for 220/110/48 V DC battery set & battery charger available Details
 8Tender for work of annual rate contract for work of attending emergency breakdown & maintenance work during outage at various 220/132kV substation Details
 8Tender for renovation of filter beds and replacement of filter media at water treatment plant Details
 8Tender for outsourcing of electrical and instrumentation works Details
 8Tender for induced draft cooling towers Details
 8Tender for civil works for replacement of existing 100 MVA, 220/132kV transformer Details
 8Tender for supply of high sensitivity SF6 gas leakage detector Details
 8Tender for procurement of digital earth resistance instrument Details
 8Tender for certain improvement works Details
 8Design, fabrication, supply, installation, testing and commissioning of total of 18-WATT solar LED street lighting system Details
 8Design, fabrication, supply, installation, testing and commissioning of total 30 KW grid connected solar PV power plant Details
 8Tender for civil works to prevent the 33 kV S/Stn. Tohana Details
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 8Tender for supply of 300 NB M.S.ERW pipes Details
 8Tender for shifting and height raising of 132 kV D/C transmission line Details
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 8Tender for routine, preventive, breakdown maintenance and overhauling jobs (mechanical jobs) of boiler feed pumps Details
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 8Tender for supply of spares for model RAM 54 gas compressor Details
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 8Tender for renovation, upgradation of AV system Details
 8Design, supply installation of chlorine dioxide dosing system for PT plant Details
 8Tender for development of 320 kW grid connected roof top solar power project Details
 8Tender for procurement of stage-I generator transformer Details
 8Tender for supply of 11kV and 33kV current transformers Details
 8Tender for work contract for complete repairing/ refurbishment of various type damaged gear boxes Details
 8Tender for annual rate contract for cable laying, cable dismantling and cable jointing work of 11/6.6/1.1 kV cables Details
 8Tender for procurement of spares for SADC damper actuator, installed Details
 8Tender for procurement of mobil pyrotec HFD 46-B governing oil Details
 8Tender for procurement of recommended spares and servicing of chloride analyzer installed Details
 8Tender for various civil construction works pertaining to feeder bays, augmentation of X-mer, addl. X-mer etc. Details
 8Tender for civil works for construction of 220kV voltage X-mer, 132kV voltage X-mer, soak pit Details
 8Tender for renovation of the electric supply Details
 8Tender for supply of 11 kV 1250 Amp outdoor type VCB with CT PT and CRP Details
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 8Tender for supply of GI stranded wire 7/12 SWG Details
 8Tender for supply of second hand HP LP by pass system complete assembly of 210MW LMW design turbine Details
 8Tender for supply of GI solid wire 6 SWG Details
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 For reference purposes the website carries here the following newsclips:
 8Govt approves scheme to promote coal gasification projects Details
 84 Stocks to Watch as Cabinet Approves Coal Gasification Scheme Details
 8Govt Okays Rs 375-billion Coal Gasification Scheme: What It Means for Stocks Details
 8Coal gasification emerges as priority, can redefine India's energy security Details
 8New Era Cleantech emerges as flagbearer in coal gasification Details
 8India to invest over $20 bn in offshore energy mapping: Hardeep Singh Puri Details
 8NLC India Stock May 15: Profit Surges 189% on Record Power Output Details
 8Suzlon Energy, Tata Power, Inox Wind, ACME, NTPC, Waaree Energies, Premier, NTPC, IEX: MOFSL views on power stocks Details
 8Dr Jitendra inaugurates UP ‘Solar Manufacturing Plant’, hails India’s Clean Energy march Details
 8EVE Energy lands 8GWh India storage deal Details
 8India Has 11,000 GW Geothermal Heat Potential, 450 GW Power Capacity: Report Details
 8Government Pushes Faster Battery Storage Deployment And Grid Expansion Details
 8Jyoti Structures inks JV for power transmission infrastructure project in Sri Lanka Details
 8Centre unveils 200 MW solar module manufacturing line at CEL Details
 8NTPC Green Energy Adds 62.5 MW Solar Capacity in Rajasthan, Total Installed Capacity Hits 10,516 MW Details
 8Geothermal energy has 450 GW power potential in India, says report Details
 8India's Power Sector Revolution: Electrification & Infrastructure Development Details
 8CERC Proposes Faster Real-Time Power Market To Support India’s Renewable Energy Growth Details
 8Indraprastha Gas Limited Launches 200 MW Solar and Battery Storage Tender in Rajasthan to Expand Clean Energy Portfolio Details
 8Siemens Energy India Powers Ahead with Robust Profit Growth Details
 8ADM Solar Power Accelerates India’s Green Energy Mission with Innovative Solar Infrastructure Solutions. Details
 8Assam CM reviews power projects, stresses stronger energy infrastructure Details
 8This Navratna PSU Power Stock Jumps 11% On Thursday As Company Reports Q4FY26 Results; PAT Surges 189%, Announces Rs 0.25 Per Share Final Dividend Details
 8Siemens Energy India Powers Ahead with Robust Profit Growth Details
 8Policy support for generating more solar power Details
 8India’s Geothermal Potential: A 450 GW Energy Opportunity Details
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8Find a snapshot of thermal, hydro, pumped storage,
solar, wind, BESS and T&D contracts related updates for the day
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8Daily Excel covering new tenders and all published updates including corrigendum, amendment, addendum, clarification and status revisions, along with technical and financial bid opening, evaluation completion and final award actions including AOC and LOA issuance.
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8The latest reactor award appears routine, but the limited bidder field points to increasing concentration in the high-voltage supply market.
8The outcome reflects how specialised manufacturing capability and qualification barriers are narrowing competition in bulk grid procurement. Details
8The extended timeline gives EPC bidders more preparation room, but key equipment-rate concerns remain untouched.
8The decision could influence bidder participation and reshape how execution risk is priced into the package. Details
815 MW hydro package bid deadline extended amid rising execution-risk concerns
The latest extension suggests bidders are reassessing terrain, logistics and hydro-mechanical interface exposure rather than facing only routine scheduling delays. The package highlights how Himalayan hydro execution is becoming increasingly difficult to price commercially.

8Rs 259 crore hydro EPC package gets another deadline extension amid rising bidder caution
The repeated extension signals deeper bidder reassessment around eligibility, bank guarantees and OEM-linked execution responsibility. Beyond the date shift, the package reflects growing risk pricing pressure in complex hydro EPC contracting.

8Rs 140 crore hydro package gets deadline extension as qualification interpretation comes under focus
The latest extension follows bidder queries over hydro mechanical eligibility, shifting attention from timelines to qualification strategy. The clarification could materially alter bidder positioning and narrow the competitive field.

8Rs 172 crore-plus coal logistics package gets deadline extension amid tighter execution-risk scrutiny
The revised schedule keeps bidder interest alive without easing qualification pressure. Behind the extension, the package reflects rising concern around revised BOQ exposure, consortium structuring and penalty-linked operational risk across mining and rail interfaces.

8Rs 3 crore NDCT package sharpens civil-risk scrutiny in thermal balance works
The package appears standard on the surface, but bidder focus is shifting toward foundation quantities, free-issued material treatment and reverse-auction exposure. The tender could ultimately favour execution precision over aggressive pricing.

8Rs 206 crore 765 kV AIS package signals tighter execution and qualification strategy
The tender goes beyond a standard substation package by combining a steep financial threshold with restrictive execution conditions. The deeper impact lies in how exclusivity and TBCB-linked obligations could reshape bidder flexibility and project risk allocation.

8400 kV AIS package brings tighter exclusivity and qualification controls into focus
The substation tie-up shifts competitive pressure toward pre-bid positioning rather than tariff discovery alone. Strong emphasis on exclusivity, NDA compliance and high-voltage execution credentials signals a more selective vendor strategy than a routine EPC package.

8Multi-corridor 66 kV HTLS package signals hidden-capacity push without fresh ROW expansion
The bundled reconductoring strategy reflects a wider effort to increase transmission capacity across stressed industrial corridors without major tower modification. Behind the upgrade plan, the tender shifts significant outage management, integration and execution responsibility onto contractors.

825-year rooftop solar package shifts long-term performance risk deeper onto developers
The rooftop solar tender goes beyond capacity addition by embedding a long-duration commercial structure that could alter bidder financing and O&M strategy. The key issue is not installation alone, but how lifetime generation and performance accountability are ultimately distributed. Details
COAL PRODUCTION & OFFTAKE

8Telangana's TSGENCO plants under dual stress: Bhadradri at 17% and Kothagudem (New) at just 14% normative stock
CEA's 12 May coal stock report, consistent with CIL's tracking through 11 May 2026, marks two TSGENCO plants as super-critical: Bhadradri TPP (1,080 MW) at 17% normative stock and Kothagudem TPS New (1,000 MW) at 14%. Singareni TPP (1,200 MW) is also critical at 24%, with SCCL flagged to ensure supply per subgroup plan. TSGENCO's aggregate normative ratio stands at 30% - the lowest among major state utilities tracked - across 6,380 MW of thermal capacity heading into peak summer demand.

8MAHAGENCO's coal crisis deepens: Chandrapur, Khaparkheda and Bhusawal all below 50% normative stock
Maharashtra's MAHAGENCO, operating 10,200 MW of thermal capacity, recorded an aggregate stock-to-normative ratio of just 46% as on 12 May 2026 per CEA's daily coal report. Khaparkheda TPS (37%), Bhusawal TPS (40%) and Chandrapur STPS (39%) are at the lowest levels, with Parli TPS and Paras TPS also critically stressed at 51% and 44% respectively. CIL's multi-day tracking shows the utility's coal cover has remained persistently sub-normative across the 8–11 May window.

8Andhra Pradesh's APGENCO and APPDCL plumb new lows; both utilities below 35% normative coal cover
CEA's coal stock report for 12 May 2026, corroborated by Coal India's four-day trend data through 11 May, places APGENCO (Dr. N. Tata Rao TPS and Rayalaseema TPS) at a dangerously low 32% of normative coal stock, while APPDCL's Damodaram Sanjeevaiah TPS sits at 32%. The combined shortfall across the two Andhra utilities spans over 1,800 MW of thermal capacity running on depleted coal inventory, raising grid reliability concerns for the Southern Region as peak summer demand intensifies.

8CSPGCL outperforms all state utilities with 168% normative coal cover; Korba-West leads at 172%
Chhattisgarh's CSPGCL stands as the healthiest state utility in CEA's 12 May 2026 coal stock table, with an aggregate normative ratio of 168% across three plants totalling 2,840 MW. Korba-West TPS (1,340 MW, pithead) holds 172% normative stock, DSPM TPS records 167%, and Marwa TPS 165%. Coal India's four-day series from 8–11 May confirms CSPGCL's stocks remained consistently above-normative, underscoring Chhattisgarh's advantage as a coal-belt state with direct mine access for its generating fleet. Details
PEAK DEMAND & GRID FREQUENCY

8India powers through: National grid clocks 247,680 MW peak demand on May 13 with zero shortage across all five regions
GRID-INDIA's National Load Despatch Centre (NLDC) reported a total maximum demand of 247,680 MW met across all regions on May 13, 2026, with the Western Region leading at 81,526 MW. Total energy met stood at 5,419 MU against zero peak shortage - a near-flawless operational day for India's national grid. Solar generation contributed 607 MU while wind added 292 MU to the national energy mix, signalling robust grid management amid surging summer demand and growing variable renewable energy penetration.

8Grid frequency wobbles 7.75 hours outside IEGC band on May 13; minimum touches 49.467 Hz
GRID-INDIA's frequency data for May 13, 2026 - sourced from NLDC's Balipara monitoring station - shows the national grid spent 7 hours and 45 minutes outside the IEGC-mandated 49.9–50.05 Hz band. The instantaneous frequency plunged to a day-low of 49.467 Hz at 14:09:50 hrs, while the peak reached 50.190 Hz at 19:02:50 hrs. The Frequency Deviation Index (FDI) stood at 32.3%, and the standard deviation of 0.0859 Hz signals moderate volatility - with grid operators managing 190 upward and 122 downward excursions through the day.

8Southern grid meets 57,030 MW evening peak demand without a single MW shortage; Krishnapatnam leads Andhra Pradesh at 1,898 MW
GRID-INDIA's SRLDC reported that the Southern region met a peak evening demand of 57,030 MW at 20:00 hrs on May 13, 2026 with zero shortage, while off-peak demand of 50,941 MW was similarly met in full. Andhra Pradesh's Krishnapatnam plant led generation at 1,898 MW gross, while SEIL contributed 1,207 MW gross. Andhra Pradesh's total demand met for the day reached 266.47 MU against requirements of 265.26 MU, as Karnataka and Tamil Nadu - at 344.29 MU and 421.46 MU respectively - also reported zero shortfall.

8Northern region meets 59,589 MW evening peak on May 13 with 1.6 MU residual shortage; UP demands 24,767 MW
NRLDC recorded an evening peak of 59,589 MW met on May 13, 2026 against zero peak shortage, though the day's total energy delivery fell short by 1.6 MU against a 1,568.91 MU requirement. Uttar Pradesh registered the highest maximum demand in the Northern region at 24,767 MW at 02:00 hrs, consuming 520.87 MU for the day. Rajasthan consumed 327.8 MU with no shortage, while Delhi met 132.56 MU. The Northern region's off-peak demand stood at 66,317 MW - higher than the evening peak - reflecting UP's elevated night-time agricultural load.

8Eastern region clears 26,473 MW at evening peak on May 13; West Bengal peaks at 10,900 MW
ERLDC's daily operation report for May 13, 2026 records the Eastern region meeting 26,473 MW at the evening peak with zero shortage and total day energy of 622.88 MU. West Bengal registered the region's highest peak at 10,900 MW at 23:14 hrs and consumed 232.69 MU for the day. Odisha met 140.49 MU of day energy - the highest in the region - with its demand peaking at 6,851 MW at 14:47 hrs. Bihar's peak demand reached 6,828 MW. Despite a collective under-injection of -9.81 MU against schedules, all states were cleared without shortage.

8Gujarat tops Western region at 25,879 MW peak; Maharashtra consumes 705 MU on May 13
GRID-INDIA's WRLDC reported 72,072 MW met at the evening peak on May 13, 2026, with total day energy of 1,783.9 MU against zero energy shortage. Gujarat recorded the region's highest peak demand at 25,879 MW and consumed 530.9 MU for the day - with its thermal generation contributing 191.9 MU, wind 73.7 MU and solar 79.6 MU. Maharashtra met 705.4 MU day energy - the highest absolute consumption - with thermal generation of 369 MU. Wind power contributed 111.4 MU region-wide, while solar added 126.9 MU.

8North Eastern region meets 3,079 MW evening peak on May 13 with zero shortage; Tripura surplus cushions smaller states
NERLDC's daily operation report for May 13, 2026 records a total evening peak demand of 3,079 MW met in full across all seven Northeastern states with zero shortfall. Total day energy met was 59.52 MU. Tripura generated a UI surplus of 0.18 MU, partially offsetting under-draws in Assam (-0.04 MU), Meghalaya, Manipur, Mizoram and Nagaland. Assam consumed 35.98 MU - the highest in the region - while day-ahead energy forecasts from LGBR showed a region-wide deviation of -4.27 MU, with Assam's forecast missing actual consumption by 5.76 MU.

8Tamil Nadu tops Southern demand at 18,680 MW on May 13; Southern region day energy hits 1,385 MU with no shortfall
SRLDC's Power Supply Position report for May 13, 2026 records the Southern region meeting 1,385.26 MU of day energy without any shortage. Tamil Nadu registered the highest demand at 18,680 MW at evening peak and contributed 421.46 MU of day energy - nearly 30% of the region's total. Karnataka followed at 17,111 MW peak and 344.29 MU. Telangana met 241.76 MU at an average demand of 10,273 MW, while Andhra Pradesh's maximum demand of 13,160 MW was met at 14:57 hrs with zero shortfall.

8Karnataka draws up to 8,000 MW, Tamil Nadu touches 12,000 MW in intraday peaks; Southern states track schedules on May 13
SRLDC's Schedule vs Drawal profiles for May 13, 2026 show Karnataka drawing up to 8,000 MW through the afternoon peak, while Tamil Nadu crossed 12,000 MW during daytime hours - the highest single-state draw in the Southern region. Andhra Pradesh operated within the 4,000–5,000 MW band for much of the day, and Telangana ranged between 3,000–4,500 MW. Across all six Southern entities, actual drawal broadly matched scheduled quantities, signalling disciplined grid behaviour through the high-demand summer day.

8NER grid stays stable on May 12 but frequency strays outside IEGC band for 4.33 hours; max frequency hits 50.187 Hz
North Eastern Regional Load Despatch Centre (NERLDC) in Shillong reported that on May 12, 2026, the region's frequency was within the IEGC band (49.9–50.05 Hz) for 81.04% of the day. However, frequency exceeded 50.05 Hz for 14% of the time and dipped below 49.9 Hz for 4.95% - totalling 4.33 hours outside band. The day's maximum frequency was 50.187 Hz and the minimum was 49.734 Hz, with an average of 49.999 Hz - pointing to an overall stable but intermittently stressed NER grid.

8Eastern region's day-ahead forecast misses by 6.47% MAPE on May 12; intraday model corrects sharply to just 1.52%
The Eastern Regional Load Despatch Centre's forecasting error report for May 12, 2026 reveals that the day-ahead demand forecast registered a MAPE of 6.47% and an RMSE of 7.14% - significantly elevated above ideal targets. The first 15-minute block alone saw a day-ahead forecast of 29,867 MW against an actual demand of 26,101 MW - an overestimation of 3,766 MW. The intraday model, however, corrected sharply, delivering a MAPE of just 1.52% and RMSE of 2.17%, demonstrating the value of real-time re-forecasting in managing Eastern region's variable demand.

8Vindhyachal STPS leads NLDC's SCUC schedule for May 14 at 205 paise/kWh; gas plants sidelined as ECR crosses 1,476 paise/kWh
NLDC's Security Constrained Unit Commitment (SCUC) schedule published on May 13 for delivery on May 14, 2026 shows 40 generators committed, with Vindhyachal STPS Stage 4 securing the lowest ECR slot at 205.2 paise/kWh and a schedule of 244.74 MW. Coal-fired plants dominate the dispatch order - Kahalgaon Stage 2 (706.26 MW at 274.3 paise/kWh), Mauda 2 (359.63 MW), and Indira Gandhi TPS Jhajjar (703.33 MW at 433.9 paise/kWh) feature prominently. All gas-based plants were scheduled at zero MW, signalling their continued unviability in current market conditions.

OCC MEETINGS & OUTAGE PLANNING

8NERPC seeks Rs. 66 lakh PRDC AMC nod as NER grid agenda widens to 24 issues
NERPC's 238th OCC agenda places several critical North Eastern Region grid issues before utilities, including PRDC's revised Rs. 66 lakh PDMS-PSCT AMC, Rs. 26.68 crore SAMAST AMC ceilings, 9,790.5 ckm of planned transmission additions, 20,875 MVA transformation needs, and urgent reliability concerns around Lower Subansiri, Balipara-Sonabil, Nagaland substations and Byrnihat tower corrosion. The agenda reflects the scale of grid investment required to integrate increasing hydro and renewable capacity from the Northeast into the national network.

8SRPC's 69th COMSR meeting presses KSEBL, SRLDC and utilities on May outage risks
SRPC's 69th COMSR meeting for May 2026 focuses on communication and outage vulnerabilities across the southern grid, including KSEBL's 30-minute to 1-hour SDH outages, dual-channel communication gaps, SRLDC observability concerns, and repeated directions to utilities to improve telemetry, redundancy and operational coordination. The meeting underscores SRPC's continued emphasis on grid reliability as the Southern region manages high renewable penetration alongside conventional thermal and nuclear generation through the peak demand summer season.

8Agri fires trip two 400 kV APTRANSCO lines on May 13; KPTCL's Raichur-Upper Jurala circuit out since April 26
Southern Regional Load Despatch Centre (SRLDC) reported 8 forced transmission outages on May 13, 2026. Two 400 kV APTRANSCO circuits - Narnoor-Jammalamadugu lines 1 and 2 - tripped simultaneously at 17:30 hrs due to YB phase faults caused by agricultural fires, though both were restored within the hour. The 400 kV POWERGRID line connecting Nellore PG to Thiruvalam tripped on a Y-N fault at 20:05 hrs. Most concerning, the 220 kV KPTCL Raichur-Upper Jurala-2 circuit has been out since April 26 following a three-phase fault.

8NTPC-Telangana STPP unit (800 MW) tripped on controller fault on May 13; Meenakshi Stage-2 boiler fails for second time
SRLDC's reservoir and thermal outage report for May 13, 2026 flags critical unplanned failures across the Southern region. NTPC-Telangana STPP's 800 MW Unit 1 tripped at 23:08 hrs due to a turbine-generator controller fault and was only restored by 04:45 hrs on May 14. Meenakshi Energy Ltd Stage 2's 350 MW Unit 4 suffered a boiler MFT (Master Fuel Trip) - its second forced outage in four days. Additionally, Vijayawada TPS Unit 7 (500 MW), out since May 11 due to boiler tube leakage, was finally restored at 16:59 hrs.

81,538 MW of central sector units stranded under NCLT; Srisailam LBPH sends 600 MW into annual overhaul through June 30
SRLDC's generating unit outage report for May 13, 2026 reveals that four LANCO LKPPL Stage-3 units totalling 732 MW have been under forced outage since September-November 2016 due to NCLT proceedings with no revival date in sight. On the state sector side, TGGENCO took four Srisailam Left Bank Power House units - totalling 600 MW - offline from May 9 for annual overhaul until June 30. Adani's 600 MW UPCL Unit 2 in Karnataka has also been on planned maintenance since May 6. NTPC's 359.98 MW at Kayamkulam remains on reserve shutdown indefinitely.

8KBUNL Bihar unit (195 MW) trips on generator protection on May 13; NHPC's Teesta HPS still dark after October 2023 glacial flood
Eastern Regional Load Despatch Centre (ERLDC) reported two Central Sector forced outages on May 13, 2026. KBUNL Bihar's 195 MW Unit 2 tripped at 19:56 hrs due to generator protection activation, while NTPC's 660 MW Nabinagar Unit 2 - already out since May 11 due to boiler tube leakage - was restored on May 14. NHPC's 170 MW Teesta HPS Unit 1 in Sikkim remains out since October 4, 2023, when a glacial lake outburst flood from Lohnak Lake destroyed the Teesta III dam - with no revival date confirmed.

8NTPC puts Gandhar and Kawas gas units on reserve shutdown on May 13; Western region manages 300 MW off-peak gap
WRLDC reported that NTPC placed multiple gas-based units in Gujarat on Reserve Shutdown on May 13, 2026 - including Gandhar's three 144.3 MW gas turbine units (total 432.9 MW) and all four Kawas units (424 MW combined). DGEN Gujarat also put two 400 MW units on RSD. On the planned maintenance side, NTPC's Vindhyachal STPS Stage 1 (210 MW) is undergoing Annual Overhaul until June 10. Despite these outages, the Western region met 72,072 MW at the evening peak though the off-peak period recorded a 300 MW shortfall.

8WRLDC's Wardha-Warora 400 kV line stays out since 2018 due to ferroresonance risk; Champa 765 kV bus sectionalisers kept open
WRLDC's transmission line outage report for May 13, 2026 reveals that the 400 kV Wardha-Warora POWERGRID line has remained on planned outage since May 4, 2018, following a LILO work complication - later reclassified as a ferroresonance risk - making it one of the longest-running transmission element outages in the Western Region. The Champa 765 kV and 400 kV Bus Sectionalisers (four elements) have been open since September 2021 for fault level control. Separately, DGEN's 400 kV ICT has been on outage after energisation testing.

REGIONAL ENERGY ACCOUNT

8NRPC deviation account shows NER-NR receivable at Rs. 28.17 crore in week 05
NRPC's DSM statement for 27 April–3 May 2026 highlights major inter-regional settlement flows, with NER-NR emerging as the biggest receivable entity at Rs. 28.17 crore (Rs. 2,816.51 lakh) and ER-NR leading the payable side at Rs. 17.25 crore (Rs. 1,725.01 lakh), underlining heavy deviation-linked financial movement during the week. The data underscores the scale of inter-regional energy flows and the financial settlements they generate under the Deviation Settlement Mechanism administered by Regional Power Committees across India.

8NRPC flags week-05 ancillary swings as DADRI-II TPS faces Rs. 2.91 crore TRAS refund
NRPC's ancillary services account for 27 April–3 May 2026 shows sharp TRAS pool movements, with DADRI-II TPS marked for a Rs. 2.91 crore TRAS-down refund, while TANDA-II STPS and IGSTPS-Jhajjar also feature among key stations shaping the week's payable and receivable position. The data reflects how Tertiary Reserve Ancillary Services are being deployed to maintain grid balance, with substantial financial flows linked to up and down regulation provided by major thermal generators in the Northern region.

8Jammu & Kashmir drives NRPC's FY24 DSM late-payment interest to Rs. 5.48 crore
NRPC's FY 2023-24 deviation settlement interest account shows total late-payment interest of Rs. 5.48 crore, with Jammu & Kashmir contributing the largest share at Rs. 4.45 crore, making it the central driver of the region's DSM interest burden for the financial year. The settlement reflects continued payment-related stress on certain state utilities and underscores the importance of timely DSM clearance in maintaining the financial integrity of the regional energy account.

8NTPC dominates NRPC ancillary-interest ledger with Rs. 8.23 crore TRAS receivable
NRPC's FY24 ancillary-services interest statement shows TRAS receivables of Rs. 8.53 crore, with NTPC alone accounting for Rs. 8.23 crore, indicating that the central generator remained the dominant claimant in the region's late-payment interest settlement for ancillary operations. The figure underscores NTPC's central role in providing tertiary reserve ancillary services to the Northern grid and the financial settlements that flow back when payments are delayed beyond the regulatory window.

8NRPC reactive-energy pool sees Uttar Pradesh receive Rs. 24.46 lakh, Rajasthan pay Rs. 27.46 lakh
NRPC's reactive-energy account for week 05 shows a clear divergence among state utilities, with Rajasthan topping the payable side at Rs. 27.46 lakh and Uttar Pradesh emerging as the largest receivable entity at Rs. 24.46 lakh, reflecting significant reactive-energy settlement pressure across the northern grid. The data highlights persistent reactive power imbalances among Northern region states as they manage growing renewable injection alongside conventional generation.

8Jammu & Kashmir anchors NRPC's FY24 reactive-interest bill at Rs. 28.43 lakh
NRPC's FY 2023-24 reactive-energy interest account totals Rs. 29.57 lakh, with Jammu & Kashmir alone accounting for Rs. 28.43 lakh, making it by far the largest contributor to the region's delayed reactive-energy payment interest for the year. The settlement underscores ongoing reactive energy management challenges in the Union Territory's grid and the financial obligations that accrue when reactive payments fall outside the regulatory clearance window stipulated by CERC.

8NRPC revises SCED account after duplicate entries; April pool receivable hits Rs. 10.06 crore
NRPC's revised SCED statement for April 2026 shows a net pool receivable of Rs. 10.06 crore after correcting duplicate entries, with DADRI TPS alone refunding Rs. 13.66 crore, placing the NTPC station at the centre of the month's security-constrained economic despatch settlement. The revision highlights the complexity of multi-station SCED accounting and the necessity of careful auditing to ensure accurate financial flows in the centralised ancillary services framework administered by NRPC.

TRANSMISSION LINE ENERGIZATION

8Maharashtra breaches ATC limit for 7 hours on May 13 at 29.2% violation rate; Goa records 22.9% ATC breach
WRLDC's daily system reliability indices report for May 13, 2026 highlights that Maharashtra violated Available Transfer Capability limits for 28 time blocks - equivalent to 7.0 hours - at a 29.2% violation rate, the highest among all Western region states. Goa registered ATC violations for 22 blocks (5.5 hours, 22.9%). On N-1 security criteria, Maharashtra again led with 13 blocks (3.2 hours, 13.5%), while Goa recorded 5 blocks. Gujarat, Madhya Pradesh, Chhattisgarh and DNHDDPDCL recorded zero violations across both parameters.

8National grid achieves zero ATC and N-1 violations across all inter-regional corridors on May 13
GRID-INDIA's National Load Despatch Centre reported zero Available Transfer Capability violations and zero N-1 criteria violations across all five major inter-regional corridors - WR-NR, ER-NR, NR Import, NEW-SR and NER Import - for May 13, 2026. The voltage profile report for 400 kV substations shows the Northern Region substations at Bhadla (0.35% time above 420 kV) and Ajmer (2.08% above band) as the only minor outliers, while the remaining 50+ substations maintained voltages within the 728–800 kV range at all times. Details
MINISTRY OF POWER

8Coal India, SCCL, NLCIL get extended deadline to September 2026 to revise mine escrow agreements and embed 25% community spend clause
The Coal Controller Organisation under the Ministry of Coal extended two critical timelines under the Mining Plan and Mine Closure Plan Guidelines, 2025 to 30 September 2026. Operating coal and lignite mines must now revise their escrow agreements as per Para 3.5.1 by the new deadline. Simultaneously, under Para 3.5.5(ii), mines must incorporate provisions for utilising a minimum of 25% of their five-yearly escrow deposits for community development and livelihood activities. The extension covers Coal India Limited, SCCL, and NLCIL, communicated via the Nominated Authority.

8Ministry of Power invites applications for Director (Projects) post at NHPC Limited, a Schedule A CPSE
The Ministry of Power, Government of India (No. 9/1/2026-NHPC) wrote to the Chairpersons of CEA, CERC, and all State Electricity Boards/State Power Utilities regarding the selection process for the post of Director (Projects) at NHPC Limited, a Schedule A Central Public Sector Enterprise. NHPC Limited is India's premier hydropower company with an installed capacity of over 7,000 MW and is a Mini Ratna Category-I CPSE, holding a central role in India's hydropower expansion programme across the Himalayan and northeastern states.

CEA & GRID STANDARDS

8India generates 4,860 MU on May 12, surpassing programme by 274 MU; Western Region leads actual output
Central Electricity Authority's DGR Sub-Report-1 for 12 May 2026 shows all-India actual generation of 4,859.71 MU against a programme of 4,585.11 MU - a positive deviation of 274.60 MU (+5.99%). Thermal led with 4,204.49 MU (exceeding target by 237.03 MU), nuclear generated 186.10 MU, and hydro contributed 466.23 MU. The Western Region delivered the highest output at 1,777.78 MU against 1,613.42 MU planned, driven largely by thermal and nuclear overperformance during the summer demand peak.

8April–May cumulative generation trails annual target by 4.60%; thermal shortfall at 8,701 MU poses fiscal year risk
CEA's consolidated generation data show that cumulative all-India generation from 1 April to 12 May 2026 stands at 189,226.26 MU against a programme of 198,343.43 MU - a shortfall of 9,117.17 MU or 4.60%. Coal-based thermal accounts for the largest deficit at 6,357 MU below target, while the Northern Region records the steepest shortfall at 5,240.12 MU (–10.61%). Nuclear and hydro show smaller but persistent negative deviations, raising fiscal year supply concerns as summer load builds.

8Nearly 54 GW of national grid capacity under outage on May 12; forced maintenance accounts for 39,223 MW
CEA's Sub-Report-3 reveals that on 12 May 2026, a total of 53,906.47 MW of India's 309,923.79 MW monitored grid capacity was under outage - 17.39% of the installed base. Forced outages were the dominant cause at 39,222.81 MW, while planned maintenance accounted for 4,645.26 MW and other reasons for 10,038.40 MW. The Western Region carried the highest absolute outage burden at 18,888.10 MW, though the Northern Region recorded the steepest forced-outage ratio for its fleet, exposing fleet ageing and stress.

8Coal thermal fleet at 94% utilisation but 30,237 MW offline; gas plants idle at 57% outage rate
CEA's Sub-Report-16 shows India's coal-thermal fleet (221,897.51 MW monitored capacity) running at 94.22% of capacity-on-line with maximum net output of 180,589.87 MW on 12 May 2026. However, 30,236.51 MW of coal capacity remained under outage - a 13.63% outage rate. Gas and liquid fuel plants showed a far more extreme picture: 57.02% of the 20,122.42 MW gas-diesel fleet was offline, with only 8,647.87 MW on the grid, reflecting the persistent underutilisation of India's gas-based generation assets amid high LNG prices.

8NTPC's 60 GW fleet generates 1,076 MU on May 12 but lags FY26 cumulative target by 6.17%; Eastern Region worst performer
CEA's Sub-Report-8 shows NTPC Limited's all-India generation on 12 May 2026 at 1,076.41 MU against a planned 1,041.61 MU - a daily positive deviation of 34.80 MU. However, cumulative FY26 generation of 42,020.83 MU trails the target of 44,785.32 MU by 2,764.49 MU (–6.17%). The Eastern Region is the worst performer, running 8.04% below target at 12,830.96 MU against a plan of 13,952.44 MU, driven by forced outages at Singrauli STPS and Tanda TPS units running in reserve-shutdown mode.

89,285 MW of generation capacity tripped off grid on May 12 alone; Koradi TPS Unit-9 won't return until May 14
CEA's Sub-Report-15 logs 40 unit-level outage events on 12 May 2026, with total capacity going off-grid at 9,284.56 MW. Rajiv Gandhi TPS Unit-2 (600 MW, Haryana) tripped due to economiser tube leakage; Sasan UMTPP Unit-6 (660 MW, Madhya Pradesh) went offline for reheater tube leakage; and Koradi TPS Unit-9 (660 MW, Maharashtra) was taken for water-wall tube repair with restoration expected 14 May. Multiple NTPC gas-based units at Auraiya, Dadri and Anta CCPPs were also tripped for conservation of main fuel.

TENDERS & PROCUREMENT (GeM/NIT)

8SECI extends bid deadline to May 21 for Rs. 2,720 crore term loan for 700 MW solar PV project at Radhanesda, Gujarat
Solar Energy Corporation of India Limited (SECI), a Navratna Government of India Enterprise, extended the bid submission deadline to 21 May 2026 for prospective banks and financial institutions to submit proposals for sanctioning a Rs. 2,720 crore term loan for its 700 MW Solar PV project at Radhanesda, Gujarat. The extension comes alongside the May 18 deadline extension for a separate Rs. 660 crore loan for SECI's 200 MW Dhar (MP) project, reflecting strong lender interest in SECI's renewable financing pipeline as it scales its self-developed solar portfolio. Details
SOLAR POWER

8India's renewable grid pumps 914 MU in a single day; Rajasthan and Gujarat drive the surge
India's Central Electricity Authority (CEA) reported total renewable energy generation of 914.47 MU on 12 May 2026, with solar contributing 676.74 MU and wind adding 211.87 MU across all states. Rajasthan alone recorded 265.93 MU - the single largest daily renewable output of any state - while Gujarat followed at 290.75 MU. Cumulative renewable generation for May 2026 so far stands at 11,069.03 MU at the all-India level, with the Western Region leading at 4,680.48 MU, signalling robust renewable evacuation through peak summer.

8NTPC and private IPPs clock 408 MU from ISGS renewable projects on May 12; Rajasthan hosts over 27 GW capacity
CEA's Inter-State Generating Station (ISGS) data shows that 60,159.08 MW of monitored renewable capacity across the Northern, Western and Southern regions generated 408.11 MU on 12 May 2026, accounting for cumulative ISGS renewable output of 4,612.56 MU in May so far. NTPC's SJVN Green Energy (501 MW) in Rajasthan topped daily generation at 6.14 MU, while Adani Hybrid Energy Jaisalmer Four's combined solar-wind project (600 MW solar + 510 MW wind) contributed 11.43 MU. The Northern Region alone hosts 27,740 MW of ISGS renewable capacity.

8Green surge: Renewables power 25.93% of India's peak solar-hour demand on May 12, wind-solar together hit 64,277 MW
NLDC's Renewable Energy Management Centre (REMC) report for May 12, 2026 reveals that variable renewable energy (VRE) - wind and solar combined - contributed 25.93% of all-India demand during solar hours (06:00–18:00 hrs), reaching 64,277 MW. Wind alone penetrated at 22.68% (56,209 MW), while maximum all-India generation touched 85,930 MW at 12:40 hrs. During non-solar hours, wind maintained a steady 4.22% penetration at 10,045 MW - underscoring India's growing renewable backbone in supporting peak summer demand.

8IEX DAM hourly data: Solar hours drive MCP to sub-Rs. 1,220/MWh, night hours reclaim Rs. 10,000 ceiling
Hourly disaggregation of IEX's Day-Ahead Market for May 13, 2026 lays bare India's solar hour price collapse: MCP dipped to just Rs. 1,219.81/MWh during Hour 14 (1 PM-2 PM) as sell bids surged to 44,691 MWh against purchase bids of just 10,976 MWh. By contrast, the post-sunset hours (Hour 20 onward) saw MCP spike back to Rs. 10,000/MWh. Peak cleared volume was 8,436.61 MWh in Hour 14, with a weighted daily MCP of Rs. 5,914.80/MWh, reflecting solar's growing influence on price discovery.

8IEX DAM solar MCV peaks at 2,807.60 MW as green power drives 65,638 MWh of total cleared volume on May 13
Segment-wise Day-Ahead Market data from Indian Energy Exchange for May 13, 2026 reveals the dominance of renewable energy in India's spot power market: solar MCV peaked at 2,807.60 MW and non-solar MCV at 2,576.61 MW, together contributing to a total of 65,638 MWh of final scheduled volume. The daily MCP averaged Rs. 5,920.26/MWh, touching Rs. 10,000/MWh in nighttime blocks and falling to a low of Rs. 1,599.84/MWh when solar generation surged mid-day, marking the persistent duck-curve dynamic in India's evolving power market.

8IEX DAM clears 1,20,358 MWh on May 13 as surplus sell bids dwarf buyers at Rs. 10,000/MWh cap
Indian Energy Exchange (IEX) saw its Day-Ahead Market record a total cleared volume of 1,20,358.40 MWh on May 13, 2026, even as purchase bids (3,99,211.70 MWh) were nearly matched by sell bids (4,00,403.28 MWh) - an unusually tight equilibrium. The market-clearing price (MCP) peaked at Rs. 10,000/MWh across overnight hours, while the daily average settled at Rs. 5,934.52/MWh, signalling persistent supply tightness during peak demand windows and pointing to renewable-led intraday price compression.

WIND & HYBRID POWER

8Hero Future Energies' 125.8 MW hybrid restricted group operates 99.4 MW solar + 26.4 MW wind in Karnataka
CareEdge Ratings assigned CARE A-; Stable ratings to Clean Renewable Energy KK's Hero Restricted Group, comprising five SPVs operating 125.8 MW AC of hybrid capacity (99.4 MW solar, 26.4 MW wind) in Karnataka. The group is backed by Hero Future Energies, which has 2.3 GW of commissioned capacity and 6 GW under construction. Long-term PPAs covering 90% of capacity are in place with C&I counterparties. A key risk noted is that 12.3 MW of solar capacity remains untied. Average DSCR above 1.2x is maintained in the base case scenario.

STORAGE & GREEN HYDROGEN

8GERC releases draft Battery Energy Storage System Regulations 2026, opening new business models for grid-interactive storage
The Gujarat Electricity Regulatory Commission unveiled Draft Grid-Interactive Battery Energy Storage System (BESS) Regulations, 2026 - a landmark framework governing ownership structures, business models, tariff determination, and grid-interconnection standards for battery storage projects in Gujarat. The draft regulations aim to integrate large-scale BESS into the state grid to support renewable energy balancing, enhance grid stability, and meet the state's clean energy ambitions. Stakeholders are invited to submit comments before the regulations are finalised, marking a significant policy step for India's storage sector.

8Battery storage tariffs touch a low of Rs. 1.23/unit in FY26; 37 storage tenders announced during the year
India's renewable energy momentum included a sharp drop in battery storage tariffs to Rs. 1.23/unit in FY26, according to the CEEW-GFC Market Handbook 2026. A total of 37 storage tenders were announced during the year, alongside Sovereign Green Bonds worth Rs. 20,000 crore issued through four 30-year tranches. The data point underscores the rapid maturation of India's energy storage market as battery costs fall and regulatory clarity improves, supporting integration of the 150+ GW of large-scale RE under construction nationally.

POLICY & INCENTIVES

8Maharashtra targets 65% renewable energy share by FY36, 100 GW RE capacity and 100 GWh/day storage under new policy
The Government of Maharashtra released its landmark Renewable Energy & Energy Storage Policy 2025-26 to 2035-36, approved via Government Resolution on March 18, 2026. The state, which already has 31.3 GW of RE capacity and 5 GW of rooftop solar, targets procuring 65% of electricity from renewables and deploying 100 GWh/day of storage by FY35-36. The policy mandates 10 GW of RE+storage projects by FY30, co-located storage of at least 50% RE capacity for 2 hours, and at least 10 Renewable Energy Industrial Zones. Rs. 500 crore is earmarked for REIZ developers.

8TERI roadmap calls for India to shift ship fuels to green ammonia and methanol; maritime sector emits 3% of global GHGs
The National Centre of Excellence in Green Port and Shipping (NCoEGPS) at TERI released Part A of a comprehensive roadmap on Advanced Green Fuels for Maritime Applications for India. The report identifies green ammonia, green methanol, and other bio-based fuels as critical pathways for decarbonising India's maritime sector, which is subject to increasingly stringent IMO emission standards. Principal Investigator Dr. Piyali Das and the TERI team assess technology readiness, supply chain infrastructure, and policy interventions needed for India to become a major green maritime fuel producer. Details
WORK ORDERS & SUPPLY CONTRACTS

8L&T's Power T&D business bags significant EPC orders worth Rs. 1,000–2,500 crore for 380 kV & 132 kV substations in Middle East
Larsen & Toubro Limited announced that its Power Transmission & Distribution (PT&D) business vertical secured a batch of Significant EPC orders (classified at Rs. 1,000–2,500 crore range) from clients in the Middle East. The orders pertain to constructing one 380 kV extra-high voltage substation and two 132 kV substations on a turnkey basis, aimed at ensuring reliable power for large load centres and decongesting grids. L&T PT&D, a USD 32 billion multinational's key vertical, serves utilities across 30 countries including the Middle East, Africa, and North America.

8GR Infraprojects' Amritsar-Bathinda 39 km NH-754A project gets provisional completion certificate; Rs. 927 crore bid cost
G R Infraprojects Limited informed exchanges that its subsidiary GR Amritsar Bathinda Highway Private Limited received a Provisional Completion Certificate for the 6-lane Amritsar-Bathinda Greenfield section of NH-754A (km 0+000 to km 39+000), part of the Amritsar-Jamnagar Economic Corridor in Punjab. The Independent Engineer issued the certificate on May 13, 2026, declaring the project fit for commercial operation from March 1, 2026. The project was executed under Hybrid Annuity Mode under Bharatmala Pariyojana Phase-I at a bid cost of Rs. 927 crore (excluding GST).

8AERC floats 24-month tender for AMC of 118 HP VRF & 6.5 TR split AC system at Guwahati; EMD Rs. 5,000
The Assam Electricity Regulatory Commission (AERC) invited sealed tenders for Comprehensive Annual Maintenance Contract (AMC) of its 118 HP Carrier VRF and 6.5 TR Split Air Conditioning system at its Guwahati campus. The contract, initially for 24 months and extendable for one year, requires quarterly servicing, breakdown attendance, and full parts replacement including compressors at no extra cost. EMD of Rs. 5,000 and tender fee of Rs. 500 apply. Bids must be submitted by 2:00 PM on June 2, 2026, and will be evaluated on QCBS with 0.60 and 0.40 weightage to technical and financial bids respectively.

8MSETCL mandates shift to MSTC e-commerce platform for electronic reverse auctions; all registered SRM vendors must re-register
Maharashtra State Electricity Transmission Company Limited (MSETCL) directed all vendors registered on its SAP-SRM e-Tendering portal to register on the MSTC E-Commerce Platform for participating in Electronic Reverse Auctions (e-RA) for supply item tenders floated by MSETCL's Central Purchase Agency (CPA). The move, announced via Notice Ref No. MSETCL/CPA/eRA/2026/01 dated 13 May 2026, represents a significant procurement digitalisation step for one of India's largest power transmission utilities, which oversees an extensive high-voltage network across Maharashtra.

8SECI extends loan bid deadline to May 18 for Rs. 660 crore term loan for 200 MW solar project at Dhar, Madhya Pradesh
Solar Energy Corporation of India Limited (SECI), a Navratna Government of India Enterprise, issued a corrigendum extending the bid submission deadline to 18 May 2026 (6:00 PM) for prospective banks and financial institutions to submit proposals for sanctioning a term loan of Rs. 660 crore for a 200 MW Solar PV Power Plant at Dhar, Madhya Pradesh. The extension, from RFP No. SECI/FA/09 April 2026, responds to requests from lenders seeking additional time. Separately, SECI also extended the bid deadline to 21 May 2026 for a Rs. 2,720 crore term loan for its 700 MW Solar PV project at Radhanesda, Gujarat.

CAPACITY COMMISSIONING

8India adds record 57.5 GW power capacity in FY26 - 1.73x FY25; RE generation up 20%, coal falls 4.3%: CEEW-GFC
India's renewable energy generation surged 20% in FY26, while coal and lignite-based generation declined 4.3% YoY, according to the CEEW-GFC Market Handbook 2026. India added a record 57.5 GW of net power generation capacity in FY26, up from 33.2 GW in FY25 - 1.73x the prior year. Renewable energy (including large hydro) accounted for 54.6 GW or 95% of net capacity addition. Battery storage tariffs touched a low of Rs. 1.23/unit; 37 storage tenders were announced in the year, and Sovereign Green Bonds worth Rs. 20,000 crore were issued. Over 150 GW of large-scale RE is under construction.

8GK Energy commissions 276 MW and 61,085 solar systems in FY26; cumulative capacity crosses 617 MW across 140,000 systems
GK Energy Limited, India's largest decentralised renewable energy infrastructure company, deployed 61,085 solar systems and commissioned 276 MW during FY26, taking cumulative installed capacity to over 617 MW across 140,000+ systems in 7,500+ villages. The company reported revenue from operations of Rs. 1,533 crore (standalone), with PAT of Rs. 201 crore. The order book stands at Rs. 710 crore. The company's 10-year revenue CAGR stands at 66.49%, reflecting accelerated momentum in solar pump and decentralised solar deployment across rural India.

EQUITY & STAKE ACQUISITION

8Schneider Electric Infrastructure's registrar CB Management merges into MUFG Intime India from May 8
Schneider Electric Infrastructure Limited informed stock exchanges that its Registrar and Share Transfer Agent (RTA), CB Management Services Private Limited, has merged with MUFG Intime India Private Limited (formerly Link Intime India Private Limited), effective May 8, 2026. The merger was approved by the Regional Director, Mumbai under Section 233 of the Companies Act, 2013. MUFG Intime India carries SEBI Registration No. INR000004058. Shareholders are assured of seamless continuity - no change in services is envisaged for the electrical equipment major's investor base.

8GE Vernova T&D India's registrar CB Management Services merges into MUFG Intime India from May 8
GE Vernova T&D India Limited (formerly GE T&D India Limited) informed BSE and NSE that its Registrar and Share Transfer Agent (RTA), CB Management Services Private Limited, has merged with MUFG Intime India Private Limited with effect from May 8, 2026. The merger was pursuant to the Regional Director (WR), Ministry of Corporate Affairs, Mumbai order dated April 24, 2026. Investors may now contact MUFG Intime India at Rasoi Court, 5th Floor, 20 Sir R N Mukherjee Road, Kolkata 700001. The change applies to one of India's largest grid equipment manufacturers. Details
RETAIL TARIFF REVISION

8Delhi power consumers to pay 14.51% PPAC from May 9 as BRPL levies combined suo motu and differential surcharge
BSES Rajdhani Power Limited (BRPL) levied a combined Power Purchase Adjustment Charge (PPAC) of 14.51% effective 9 May 2026 in Delhi. This comprises an 8.75% Suo Motu PPAC valid from 10 April 2026 to 9 July 2026 under BRPL's own notification, and an additional 5.76% Differential PPAC applicable from 9 to 31 May 2026 as per a DERC order dated 6 February 2026 and the DERC (Terms and Conditions for Determination of Tariff) (Second Amendment) Regulations, 2026. The combined charge reflects rising fuel and power purchase costs being passed through to Delhi's electricity consumers.

8Rajasthan's three DISCOMs - Jaipur, Jodhpur, Ajmer - levy FPPAS for February 2026, recover variations in May billing
Rajasthan's three electricity distribution companies - Jaipur Vidyut Vitran Nigam Limited, Jodhpur Vidyut Vitran Nigam Limited, and Ajmer Vidyut Vitran Nigam Limited - computed and applied Fuel and Power Purchase Adjustment Surcharge (FPPAS) for February 2026, to be recovered through May 2026 billing. An independent audit by M/s Laxmi Kant & Co., Chartered Accountants, validated the calculation, which incorporates variations in fuel costs, power purchase costs, and transmission charges against the Commission-approved cost of supply under the RERC Tariff Regulations, 2025 and the Electricity Amendment Rules, 2022.

COMMISSION ORDERS (CERC/SERC)

8CERC moves to revoke Instinct Infra & Power's trading licence after 7 reminder notices go unanswered
The Central Electricity Regulatory Commission issued a show-cause notice to Instinct Infra & Power Limited - formerly Instinct Advertising & Marketing Ltd - threatening to revoke its Category IV inter-State electricity trading licence. Despite seven reminder communications between April 2025 and February 2026, the New Delhi-based licensee failed to submit mandatory monthly transaction reports, annual returns, and performance data under the Trading Licence Regulations, 2020. CERC has given the company two months to respond, warning that silence will trigger automatic revocation of its licence three months from the date of the order.

8Power Grid wins Rs. 311.86 crore/annum CERC licence to build 275-km Angul–Srikakulam 765 kV transmission link
SR and ER Power Transmission Limited - a 100% subsidiary of Power Grid Corporation of India Limited - filed for an inter-State transmission licence before CERC for the Angul–Srikakulam 765 kV second double-circuit line, approximately 275 km in length. Power Grid emerged as the lowest bidder, quoting Rs. 311.86 crore per annum against Dilip Buildcon's Rs. 312.64 crore in the e-reverse auction held on 9 December 2025. The project, with a contract performance guarantee of Rs. 55 crore lodged with CTUIL, targets commercial operation by 3 August 2028.

8Enerica Infra bags Morena SEZ transmission project at Rs. 156.23 crore/annum, pipping Apraava Energy by Rs. 39.2 lakh
Morena-I SEZ Transmission Limited, owned by Enerica Infra 1 Private Limited, moved CERC for a transmission licence to evacuate 2,500 MW of renewable energy from Madhya Pradesh's Morena SEZ - one of the country's largest designated RE zones with 3.9 GW potential. In a hotly contested 12-bidder auction, Enerica quoted Rs. 156.23 crore per annum to clinch the project, narrowly ahead of Apraava Energy Private Limited at Rs. 156.63 crore. Enerica furnished a contract performance guarantee of Rs. 52 crore with CTUIL. The project, which includes a 765/400 kV pooling station near Sabalgarh, must be commissioned by 3 May 2028.

8CERC determines transmission tariff for Power Grid's Mundra UMPP–Bhuj 400 kV lines under 2024-29 tariff period
The Central Electricity Regulatory Commission disposed of Power Grid Corporation of India Limited's petition for truing up of transmission tariff for the 2019–24 period and determination of tariff for 2024–29 for two critical transmission assets: the 400 kV D/C Mundra UMPP–Bhuj Triple Snowbird Circuit-1 and Circuit-2 transmission lines, along with the 400 kV Bhuj Pooling Station and extensions of the Mundra UMPP switchyard. The assets, part of the Transmission System Strengthening Associated with Mundra UMPP (Part-B) in the Western Region, serve beneficiaries including Madhya Pradesh, Maharashtra, Gujarat, Goa, Chhattisgarh, and Dadra & Nagar Haveli.

8CERC directs CTUIL to decide ACME Cleantech's solar-to-wind connectivity shift application without delay
The Central Electricity Regulatory Commission ordered Central Transmission Utility of India Limited (CTUIL) to promptly consider ACME Cleantech Solutions Private Limited's application - filed on 15 September 2025 - for changing its renewable energy source from solar to wind under the GNA Regulations. ACME, headquartered in Gurugram, has also sought conversion of connectivity from the Land Bank Guarantee route to a Letter of Award route and relief from coercive action. CERC granted interim protection, underscoring the need to facilitate India's renewable energy transition without procedural bottlenecks.

8CSERC pegs FY 2026-27 solar tariff at Rs. 3.40/kWh and small hydro at up to Rs. 8.18/kWh in new generic RE tariff order
The Chhattisgarh State Electricity Regulatory Commission released draft generic levelised tariffs for renewable energy projects achieving commercial operation in FY 2026-27. Solar PV projects (0.5–2 MW) are pegged at Rs. 3.40 per kWh, Mini/Micro Hydro (up to 2 MW) at Rs. 8.18 per kWh, Small Hydro (5–10 MW) at Rs. 7.87 per kWh, and Non-Fossil Fuel Co-generation fixed charges at Rs. 4.55 per kWh. Biogas-based projects carry fixed charges of Rs. 4.90 per kWh. Capital costs range from Rs. 3.5 crore/MW for Solar PV to Rs. 13.54 crore/MW for Biogas. Stakeholders may file comments by 5 June 2026.

8GERC directs GPCL to file affidavit on stalled land allotment for Dholera 700 MW solar park as Veena Energy awaits PPA at Rs. 2.78/kWh
The Gujarat Electricity Regulatory Commission directed Gujarat Power Corporation Limited (GPCL) to file an affidavit within three weeks detailing the status of land acquisition for the Dholera Solar Park in Phase IX - a project awarded to Veena Energy Renewables Urja Pvt. Limited at a tariff of Rs. 2.78 per kWh under GUVNL's 700 MW solar competitive bidding process. GPCL, the nodal agency, acknowledged engaging DSIRDA and DICDL to expedite land possession, but delays persist. The case involves multiple parties including Tata Power, Renew Solar Power, and SJVN Limited.

8CSERC adjudicates final capital cost and tariff for 113 MW Rongnichu hydro project operated by Madhya Bharat Power for CSPDCL
The Chhattisgarh State Electricity Regulatory Commission is hearing Madhya Bharat Power Corporation Limited's petition for approval of final capital cost as on COD, investment plan, tariff truing up for 2021–22, and determination of tariff for the 2022–25 period for its 113 MW (2×56.5 MW) Rongnichu Hydro-Electric Project in Sikkim. The Raipur-headquartered company is in a dispute with Chhattisgarh State Power Distribution Company Limited over the financial terms of this hydropower supply arrangement - a matter with significant implications for inter-state hydropower off-take agreements.

8HPERC decides MA No. 487/2025 on May 13 involving HPPTCL; arguments heard in April 2026
The Himachal Pradesh Electricity Regulatory Commission decided Miscellaneous Application No. 487 of 2025, filed by Himachal Pradesh Power Transmission Corporation Limited (HPPTCL), on May 13, 2026. Arguments were heard on April 8, 2026. The case was filed on September 15, 2025. The order was distributed as part of HPERC's regular adjudicatory proceedings under the Electricity Act, 2003. HPPTCL plays a critical role in expanding Himachal Pradesh's transmission backbone to evacuate hydropower from the state's extensive run-of-river projects to the national grid.

8PSERC approves PSPCL's procurement of 2 MW from Thind Power's mini hydel project at Rs. 3.70/kWh
Punjab State Electricity Regulatory Commission (PSERC), Chandigarh, passed three significant orders on May 13, 2026. Petition 36/2026 deals with re-determination of tariff for a 6 MW biomass-based (Rankine Cycle) power plant under Section 86(1)(a)&(b) of the Electricity Act. Petition 37/2026 seeks enhancement of monetary limits for consumer grievance redressal forums. Petition 38/2026 approves PSPCL's procurement of 2 MW from M/s Thind Power Private Limited's Mini Hydel Project at Rs. 3.70/kWh - supporting Punjab's small hydro integration.

8MERC issues daily order in JSW vs MSEDCL complaint case 218 of 2025; proceedings continue at Maharashtra regulator
The Maharashtra Electricity Regulatory Commission (MERC) issued its daily order in Complaint Case No. 218 of 2025 between JSW and MSEDCL (Maharashtra State Electricity Distribution Company Limited). The proceedings are ongoing at the Commission's World Trade Centre office in Mumbai. MERC continues to adjudicate in disputes between power generators, distribution licensees, and consumers under the Electricity Act, 2003. The case is part of a growing docket of generator-DISCOM disputes in Maharashtra over PPA terms, scheduling, and payment-related matters.

OMBUDSMAN & CONSUMER GRIEVANCE

8TNERC orders TANGEDCO to implement Electricity Ombudsman's March 2024 ruling in favour of Hindustan Unilever
The Tamil Nadu Electricity Regulatory Commission (TNERC) allowed the petition of Hindustan Unilever Limited, directing the implementation of an order passed by the Electricity Ombudsman on 5 March 2024 in Appeal No. 95 of 2023. The regulator confirmed that since TANGEDCO has now complied with the Ombudsman's ruling, no further penalty under Section 142 of the Electricity Act, 2003 will be imposed. The case underscores the binding nature of ombudsman orders on distribution companies in consumer grievance matters and reinforces large industrial consumer rights in Tamil Nadu.

8Gujarat Ambuja Exports approaches GERC over electricity dispute with UGVCL at Dalpur plant
Gujarat Ambuja Exports Limited, which operates a plant at Dalpur, approached the Gujarat Electricity Regulatory Commission in Petition No. 2617 of 2026 against Uttar Gujarat Vij Company Limited (UGVCL). The matter involves regulatory issues under the Electricity Act, 2003 and reflects growing industry assertions of consumer rights in Gujarat's electricity distribution framework. The petition adds to a growing volume of industrial consumer challenges before SERCs across India seeking redressal on tariff, connection, and supply quality issues.

REGULATORY PETITION & REVIEW

8CERC issues public notice for Bellary–Davanagere transmission project to tap 3 GW RE potential in Karnataka
The Central Electricity Regulatory Commission published a public notice proposing to grant a transmission licence to Bellary Davanagere Transmission Limited for a new inter-State transmission scheme in Karnataka. The project entails augmentation at Davanagere with two 1,500 MVA, 765/400 kV ICTs, expansion at Bellary with six 400/220 kV 500 MVA ICTs, and a 400 kV Quad double-circuit line between the two substations. The scheme aims to harness an estimated 3 GW of additional renewable energy potential. Objections may be filed with CERC by 23 May 2026, with a scheduled hearing on 25 May 2026.

8CERC schedules 23 May public hearing on connectivity lapses under GNA regulations; RE projects with unsigned PPAs face grid risk
The Central Electricity Regulatory Commission announced a public hearing on 23 May 2026 (10:30 AM, online) on its draft order in Petition No. 11/SM/2026 concerning the treatment of connectivity granted under the GNA Regulations where Power Purchase Agreements remain unsigned for more than 12 months from the date of issuance of the Letter of Award. The draft order released on 6 May 2026 carries far-reaching implications for hundreds of renewable energy developers whose PPAs are pending, potentially triggering forfeiture of grid connectivity. Objections are invited by 21 May 2026. Details
QUARTERLY RESULTS

8Tata Power clocks FY26 EBITDA of Rs. 14,347 crore, EBITDA margin expands to 22.5%; renewables now 25% of PAT
Tata Power Company's FY26 results show EBITDA surging 14.9% YoY to Rs. 14,347 crore with EBITDA margins expanding sharply to 22.5% from 19.4% in FY25. Adjusted PAT grew 10% YoY, broadly in-line with estimates. Net sales stood at Rs. 63,680 crore for FY26, while the company targets 5 GW of renewable commissioning over the next 2 years. ICICI Securities maintains HOLD rating with target price revised to Rs. 400 from Rs. 359. The Mundra SPPA overhang is now largely resolved.

8GK Energy posts 40% revenue jump to Rs. 1,533 crore in FY26; PAT surges 51% to Rs. 201 crore, cash turns to Rs. 241 crore surplus
GK Energy Limited, India's largest decentralised renewable energy infrastructure company, reported a landmark FY26 performance. Revenue from operations grew 40% YoY to Rs. 1,533 crore (standalone), while PAT rose 51.1% to Rs. 201 crore. EBITDA stood at Rs. 313 crore with margins at 20.44%. The company deployed 61,085 solar systems and commissioned 276 MW during the year, taking cumulative installed capacity to over 617 MW across 140,000+ systems in 7,500+ villages. The balance sheet transformed from net debt to a surplus of Rs. 241 crore post-IPO.

8Tata Power Q4 FY26: T&D drives 60% of PAT; 5 GW renewable target in 2 years as Mundra drag fades
Tata Power Company reported Q4 FY26 results with adjusted PAT growth of 10% YoY, broadly in-line with analyst estimates. T&D contributed 60% to PAT, renewables 25%, and coal/standalone 10%. Net sales for FY26 stood at Rs. 63,680 crore. The Mundra SPPA overhang - a drag for over a year - is now largely resolved with Gujarat settling and four remaining states in advanced stages. Management targets commissioning 5 GW of renewable capacity over the next 2 years. ICICI Securities rates the stock HOLD with revised target price of Rs. 400.

8Torrent Power's Ahmedabad grid buys 1,932 MU from GUVNL in Q3 FY26, down 5.91% YoY; Dahej area purchases fall 7.82% to 197 MU
Torrent Power Limited filed its Q3 FY 2025-26 Regulatory Information Report with GERC for its Ahmedabad/Gandhinagar and Surat licence areas. Power purchase from GUVNL/Others for the Ahmedabad area stood at 1,932.51 MU in Q3 FY26, down 5.91% from 2,053.87 MU in Q3 FY25. The Dahej and Dholera licence area bought 197.06 MU from GUVNL - a decline of 7.82% year-on-year - against 213.78 MU in the corresponding quarter. Cumulative year-to-date Ahmedabad purchases were 7,352.52 MU, down 2.19% from 7,517.04 MU.

8CSPGCL reports Rs. 79,244 crore fixed assets and qualified audit opinion in FY 2024-25 standalone financials
Chhattisgarh State Power Generation Company Limited (CSPGCL) released its standalone balance sheet as at 31 March 2025, showing Property, Plant and Equipment of Rs. 79,243.86 crore - down from Rs. 86,243.89 crore in FY 2023-24. The company's auditor, BAMB TAORI & CO., Chartered Accountants, has issued a Qualified Opinion on the standalone Ind AS financial statements, raising concerns on specific accounting treatments. CSPGCL's consolidated financial statements for the group also carry a qualified audit opinion covering the company and its subsidiary.

ANNUAL RESULTS

8Om Infra board approves FY26 audited results; recommends 50% final dividend of Rs. 0.50 per share
Om Infra Limited (formerly Om Metals Infraprojects Limited) held its Board meeting on May 13, 2026, and approved the audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026. The Board also recommended a final dividend of Rs. 0.50 per equity share (50% of face value Rs. 1), subject to shareholder approval at the forthcoming Annual General Meeting. The dividend declaration represents a continued payout policy for shareholders of the infrastructure firm with significant exposure to hydro and water resource projects across India.

8CESC Limited receives clean secretarial compliance bill of health for FY26; no non-compliance found
CESC Limited submitted its Annual Secretarial Compliance Report for FY ended March 31, 2026 to BSE and NSE, issued by M/s Anjan Kumar Roy & Co., Company Secretaries, Kolkata. The report confirms full compliance with all applicable SEBI regulations including LODR, insider trading, Takeovers, and Non-Convertible Securities norms. No deviations, no regulatory actions, no disqualifications, and no statutory auditor resignations were reported during the review period. The Kolkata-based integrated power utility's related party transactions are covered under Omnibus Approval by the Audit Committee.

8Solarworld Energy Solutions' Rs. 411.68 crore IPO proceeds earmarked for 1.2 GW Karnataka solar cell plant still undeployed
Solarworld Energy Solutions Limited filed its CRISIL Ratings Monitoring Agency Report for Q4 FY26, revealing that Rs. 411.68 crore of IPO proceeds earmarked for investment in subsidiary Kartik Solarworld Private Limited (KSPL) to establish a 1.2 GW solar PV TopCon cell manufacturing facility at Pandhurana, Madhya Pradesh remain unutilised. Only Rs. 23.01 crore was deployed towards issue expenses; total IPO and Pre-IPO proceeds raised were Rs. 550 crore. Remaining Rs. 425.33 crore sits in fixed deposits across HDFC, Yes Bank, and Axis Bank at 5.85–6.90% interest.

8Hitachi Energy India confirms no deviation in QIP fund usage; Rs. 469.66 crore deployed from Rs. 2,476 crore net proceeds
Hitachi Energy India Limited confirmed zero deviation in the use of funds raised through its Qualified Institutional Placement of March 2025 (gross Rs. 2,520.82 crore). The Audit Committee reviewed the Q4 FY26 statement on May 11, 2026. Of Rs. 1,513.28 crore allocated for capital expenditure, Rs. 469.66 crore has been utilised so far - related to capacity increase, equipment addition, and civil works. No utilisation occurred from the Rs. 350 crore working capital allocation or Rs. 613.01 crore general corporate purpose allocation during the quarter.

8GE Power India updates KMP contact details: Puneet Bhatla designated Managing Director from May 14
GE Power India Limited notified BSE and NSE of a change in Key Managerial Personnel (KMP) contact details with effect from May 14, 2026. Puneet Bhatla has been designated as Managing Director (DIN: 09536236) and authorised KMP for determining materiality of events. The company's corporate office is at Axis House, Jaypee Wishtown, Sector 128, Noida, Uttar Pradesh. The change reflects continued leadership reorganisation at one of India's significant power equipment manufacturers and EPC service providers in the thermal and steam power segment.

DIVIDEND & BOARD DECISIONS

8PFC board to meet May 16 to discuss merger with REC; Rs. 1.6 trillion giant in the making
Power Finance Corporation Limited, a Government of India Undertaking, notified stock exchanges that its Board of Directors is scheduled to meet on May 16, 2026 to consider and discuss the proposed merger of PFC and REC Limited in accordance with the company's Articles of Association. The merger of these two Maharatna PSUs - PFC with assets of over Rs. 9 lakh crore and REC with over Rs. 5.9 lakh crore - would create one of India's largest financial institutions. REC Limited filed a separate but complementary Board meeting intimation for the same date.

8REC Limited also calls board meeting for May 16 to deliberate on PFC-REC merger; twin PSU mega-merger on track
REC Limited, a Maharatna Government of India Enterprise and the country's premier infrastructure financing company for the power sector, filed a board meeting intimation under SEBI LODR Regulation 29 for May 16, 2026. The meeting, parallel to PFC's board meeting called the same day, further confirms active deliberations on the proposed merger of Power Finance Corporation and REC Limited. Combined, these two PSUs would manage a loan book exceeding Rs. 15 lakh crore, creating one of India's largest financial institutions focused on the power sector.

8Suzlon Energy allots 1,95,000 equity shares under ESOP 2022; paid-up capital now Rs. 2,743 crore
Suzlon Energy Limited allotted 1,95,000 fully paid-up equity shares of face value Rs. 2 each to eligible employees under Employee Stock Option Plan 2022, via a circular resolution passed by its Securities Issue Committee on May 13, 2026. Of these, 1,20,000 shares under Grant 1 (May 2023) were exercised at Rs. 5 each, and 75,000 shares under Grant 2 (May 2024) at Rs. 30 each, together realising Rs. 28.50 lakh. Post-allotment, the company's paid-up capital stands at Rs. 2,743.10 crore divided into 1,371.55 crore equity shares.

8S&S Power Switchgear schedules board meeting for May 22 to approve FY26 audited results; trading window closes till May 24
S&S Power Switchgear Limited intimated BSE and NSE that its Board of Directors is scheduled to meet on Friday, May 22, 2026 to consider and approve the Audited Standalone and Consolidated Financial Results for FY ended March 31, 2026. In accordance with its Code of Conduct for Prevention of Insider Trading, the trading window for designated persons remains closed from April 1, 2026 and will reopen on May 24, 2026 - 48 hours after the declaration of results. The switchgear maker serves the Indian electrical equipment ecosystem.

8Adani Enterprises rights issue committee meets May 13; board deliberates capital raise for flagship conglomerate
Adani Enterprises Limited notified stock exchanges that its Rights Issue Committee of the Board of Directors met on May 13, 2026. The outcome relates to the company's ongoing capital raise through a rights issue. Adani Enterprises, the flagship of the Adani Group, operates across energy, infrastructure, airports, defence, and data centres, and is currently pursuing accelerated investment plans across its diversified business verticals. The rights issue is part of the group's broader funding strategy to support its capital expenditure pipeline across power, ports, and renewables businesses.

EARNINGS CALL & ANALYST MEET

8NHPC to host Q4 FY26 results conference call on May 18 at 3:30 PM IST; global dial-in numbers available
NHPC Limited announced a conference call on Monday, May 18, 2026 at 3:30 PM IST to discuss the company's Q4 and full year FY 2025-26 financial results. Senior management will interact with analysts and institutional investors. International dial-in numbers are available for the US (+1 866 746 2133), UK (+44 808 101 1573), Singapore (800 101 2045), Hong Kong (800 964 448), and Australia (0080014243444). NHPC is India's premier hydropower company with an installed capacity of over 7,000 MW and is a Mini Ratna Category-I CPSE.

8Jindal Steel Limited schedules one-on-one analyst meet with Pinebridge Investments in Gurgaon on May 18
Jindal Steel Limited (formerly Jindal Steel & Power Limited), listed on NSE and BSE, notified stock exchanges of an upcoming analyst meeting on Monday, May 18, 2026, with Pinebridge Investments at Gurgaon. The intimation was filed under Regulation 30 of SEBI LODR Regulations, 2015. The schedule is subject to changes due to exigencies from any party. The interaction reflects continued institutional investor engagement with the steel-and-power major as it pursues its diversification across captive coal mining, thermal generation, and steel manufacturing operations.

8Torrent Power posts Q4 FY26 earnings call audio recording on company website; analysts briefed
Torrent Power Limited informed stock exchanges that the audio recording of its analyst/investor earnings conference call for Q4 and FY 2025-26 results, held on May 13, 2026, has been uploaded on the company's website. A transcript will be submitted in due course, as per Regulation 30 of SEBI LODR Regulations. Torrent Power is one of India's leading private sector power utilities operating distribution, generation, and renewable energy businesses across Gujarat, Maharashtra, Uttar Pradesh, and other states with a growing renewable portfolio.

8KP Green Engineering posts FY26 earnings conference call recording online; half-year results discussed with analysts May 13
KP Green Engineering Limited informed stock exchanges that the audio recording of its analyst/investor earnings conference call held on May 13, 2026 at 11:00 AM IST - covering audited financial results for the half year and year ended March 31, 2026 - has been uploaded on its website. The transcript will be submitted in due course under SEBI LODR Regulations. KP Green Engineering operates in the green and renewable energy infrastructure space and continues investor outreach following its results announcement.

CREDIT RATING & ANALYST REPORT

8CareEdge assigns CARE A-; Stable rating to Hero Future Energies' 125.8 MW hybrid RE restricted group; combined debt Rs. 630+ crore
CareEdge Ratings assigned CARE A-; Stable ratings to the long-term bank facilities of Clean Renewable Energy KK's Hero Restricted Group (RG) - five SPVs (1A through 1E) - under a combined approach. The group operates a total hybrid capacity of 125.8 MW AC (99.4 MW solar, 26.4 MW wind) in Karnataka, backed by Hero Future Energies which has 2.3 GW of commissioned capacity and 6 GW under construction. Long-term PPAs covering 90% of capacity are in place with C&I counterparties. Total rated facilities: 1A Rs. 143.26 crore, 1B Rs. 143.26 crore, 1C Rs. 143.26 crore, 1D Rs. 143.26 crore, 1E Rs. 56.96 crore.

8ICRA keeps Viyyat Power Private Limited's ICRA B+(Stable) rating under Issuer Non-Cooperating category
ICRA Limited retained Viyyat Power Private Limited's long-term fund-based cash credit rating of ICRA B+(Stable) under the Issuer Non-Cooperating category as of May 13, 2026. The company's rated amount stands at Rs. 0.50 crore. The Issuer Not Cooperating designation indicates that ICRA has not received adequate information from Viyyat Power to conduct a proper review, raising credit monitoring concerns. The rating continues to reflect limited financial visibility for the small-ticket borrower in the power sector ecosystem. Details
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