Tag: Energy
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Mufin Green Finance Secures ₹90 Crore in NCDs for Solar and Clean Energy Expansion
Mufin Green Finance Ltd has raised ₹90 crore through a private placement of secured, rated and listed non-convertible debentures (NCDs) as the non-bank lender seeks to scale its rooftop and commercial solar financing portfolio alongside other green-lending verticals. The company said in an exchange filing that it allotted 9,000 NCDs of ₹1,00,000 each on December…
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MNRE Rejects Advisory to Halt Clean Energy Financing
The Ministry of New and Renewable Energy (MNRE) has categorically denied asking lenders to slow down or stop funding renewable energy projects, countering media reports about a supposed pause in financing due to oversupply risks. The reports had surfaced following an office memorandum dated November 28 from MNRE that called for Prudence in Lending for…
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Emkay Projects 48% Upside for Waaree Energies: A Renewable Energy Investment Analysis
Emkay Global initiated coverage on Waaree Energies with a ‘Buy’ rating and a March 2027 target price of Rs 4,260, implying about 48 per cent upside. The brokerage valued the company’s core photovoltaic manufacturing business at 14 times March 2028 enterprise value-to-Ebitda. Emkay Global said India’s solar-manufacturing ecosystem had been supported by regulatory measures such…
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Renewable Energy Ministry Clarifies No Lender Advisory Issued for Solar Financing
The Ministry of New and Renewable Energy (MNRE) on Sunday dismissed reports suggesting it had asked lenders to halt financing for renewable energy projects, saying no such advisory has been issued to financial institutions, PTI reported.In a statement, the ministry said it has not directed banks or other lenders to stop extending loans to renewable…
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MNRE Refutes Claims of Suspension in Green Energy Financing Due to Overcapacity Issues
New Delhi: Amid significant overcapacity concerns that India is facing, the Ministry of New & renewable Energy (MNRE) on Sunday dismissed the reports of issuing any advisory to lenders to pause fresh financing to renewable energy projects. The ministry, however, called for calibrated and well-informed financing across the solar manufacturing ecosystem to drive sustainable industry…
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Government Clarifies: No Advisory on Halting New Green Energy Project Financing
The Union Ministry of New and Renewable Energy (MNRE) on Sunday clarified that it has not issued any advisory to Financial Institutions for stopping lending to either renewable energy power projects or to renewable energy equipment manufacturing facilities, as has been reported in some sections of the media. However, MNRE has circulated to the Department…
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Centre Refutes Claims of Advisory to Curb New Clean Energy Financing
India’s clean energy ministry on Sunday said it had not issued any advisory to pause or halt new financing for the sector. The clarification came after Reuters reported on Friday that the ministry had urged lenders to proceed slowly in financing new solar module plants because supply had exceeded demand. The clean energy ministry’s letter…
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Government Affirms Ongoing Support for Renewable Energy Financing
The Ministry of New and Renewable Energy on Sunday moved to dispel speculation regarding restrictions on financial support for renewable energy initiatives, mentioning that no directive has been issued to halt lending for green energy ventures. India’s renewable energy sector continues its robust expansion, with non-fossil fuel sources now accounting for half of the nation’s…
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Indian Navy Partners with Crimson Energy for AI-Driven Maritime System ‘Deepdarshak’
New Delhi | 4 December 2025 On the occasion of Navy Day 2025, the Indian Navy has taken another significant step towards strengthening India’s defence innovation ecosystem under the vision of Aatmanirbhar Bharat. A formal contract has been signed between the Indian Navy and Crimson Energy, the winner of the India iDEX Challenge, for the…
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Revolutionizing Energy: Mirik Gogri on Geothermal Innovations in Climate Tech
Mirik Gogri leads Spectrum Impact, the family office of the Rajendra Gogri family of Aarti Industries, which has made grants and investments in around 100 climate solution organisations and companies worldwide. Aarti Industries is a specialty chemical company, and Spectrum Impact’s grants and investments focus on themes like nuclear energy, lithium extraction, green hydrogen, carbon…