The investment comes as the Noida‑based company has completed ten acquisitions in the past ten months, highlighting its rapid expansion strategy. Rising Sun Holdings Pvt. Ltd., the Adar Poonawalla family office, has invested ₹7 billion in Inox Clean Energy Ltd, the integrated renewable energy platform of the INOXGFL Group, at a valuation of ₹700 billion....
Category: Infrastructure Finance
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PFC-REC Merger Scheme Approved by Boards, Creating ₹11 Trillion Power Financing Giant
Once completed, the merger will strengthen India’s ability to finance large-scale power and renewable energy projects through a unified, globally competitive institution. The boards of Power Finance Corp. Ltd (PFC) and REC Ltd (REC) have approved a merger scheme that will combine India’s two leading government-backed power sector financiers into a single entity with a...
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CleanMax Raises $575 Million for 1 GW Renewable Push in Rajasthan and Karnataka
The fundraise will power renewable energy projects for digital‑age industries, particularly AI, cloud computing, and data centres, sectors rapidly emerging as key demand drivers in India’s clean energy transition. Clean Max Enviro Energy Solutions Ltd, India’s largest renewable energy solutions provider for the commercial and industrial (C&I) sector, has successfully raised around $575 million to...
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Bhutan, World Bank Seal $515 Million Pact for Dorjilung Hydropower
A PPP between state‑owned Druk Green Power Corp. and India’s Tata Power, the project is expected to lift Bhutan’s GDP by 2.4 per cent, generate jobs, and spur entrepreneurship across manufacturing, tourism, and small businesses. The Government of Bhutan and the World Bank have signed financing agreements worth $515 million for the 1,125 MW Dorjilung...
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India’s Infrastructure Investments to Surge 50% Despite Global Uncertainties: Crisil Ratings
Timely project execution will be crucial amid geopolitical uncertainties, and prudent leveraging by players will remain a key watchpoint, the advisory emphasised. India’s infrastructure growth story is set to sustain through FY2026‑27, with investments in key sectors such as roads, renewables, real estate, and emerging new‑age industries projected to rise by up to 50 per...
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CTS Roundtable Charts Tech-Led Roadmap for Construction
Ahead of the Construction Technology Show (Con Tech Show) 2026, industry leaders, technology innovators and academia came together in Mumbai to deliberate on how digitalisation, automation and industrialised construction can reshape the sector. The discussion made one thing clear: construction can no longer afford to treat technology as optional. Held on 12 March 2026 at...
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CII Urges Infrastructure Push, Competitiveness and Digitisation in Union Budget
Amid a third‑quarter rise in its Business Confidence Index, the industry chamber expressed confidence that reform momentum will be sustained in the Union Budget 2026‑27. As the Confederation of Indian Industry (CII) Business Confidence Index registered its third consecutive rise to 66.5 points in Q3FY2026, the industry chamber has urged further steps to support the...
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Powerplay Rolls Out Procurement-Linked Credit to Unlock Contractor Cash Flows
Powerplay Credit, a software-driven solution, leverages real-time project data on the Powerplay platform to deliver collateral-free, zero-interest credit while ensuring disciplined end-use and reducing execution risk. Homegrown construction tech platform Powerplay has announced the launch of Powerplay Credit, a project-linked working capital solution designed to ease cash flow pressures faced by contractors during active project...
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IREDA Earns ‘Excellent’ MoU Rating for Fifth Year, Cementing Role in Clean Energy Financing
This marks the fifth consecutive year that the state-owned NBFC has earned an ‘Excellent’ rating, reflecting its sustained focus on efficiency, discipline, and governance. Union Minister for New and Renewable Energy Pralhad Venkatesh Joshi has commended the Indian Renewable Energy Development Agency (IREDA) for securing an ‘Excellent’ rating for the fifth consecutive year in its...
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Inox Clean Energy Secures ₹31 Billion Equity at ₹500 Billion Valuation
Inox Clean intends to utilise the funds to expand capacity in both its IPP and solar manufacturing operations. Inox Clean Energy Ltd, an INOXGFL Group company, has announced that it, along with its subsidiary Inox Solar Ltd, has tied up equity totalling approximately ₹31 billion. The equity round was closed at a pre-money valuation of...