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Forbes India celebrates 16 years with landmark anniversary issue, exploring the possibilities disruption brings

First Post

4 days ago

Business
First Post

Forbes India celebrates 16 years with landmark anniversary issue, exploring the possibilities disruption brings

For over a decade and a half, Forbes India has chronicled the nation's entrepreneurial growth and innovation. This milestone edition offers expert insights across sectors, from energy and education to sports and tech read more Forbes India marks its 16th anniversary with a special commemorative issue, themed 'Disruption', reflecting on the recent transformative shifts reshaping India's social, economic, and cultural fabric. Titled 'Giant Strides', this collectible special item captures how disruption can be a driving force behind progress. For over a decade and a half, Forbes India has chronicled the nation's entrepreneurial journey, documenting the evolution of ideas, enterprises, and individuals propelling India into the future. This milestone edition continues that legacy, offering incisive commentary and thought leadership across a spectrum of sectors—from energy to education, sports to technology. STORY CONTINUES BELOW THIS AD The special edition brings together a diverse collective of influential voices—including economists, academicians, entrepreneurs, and sportspersons—actively shaping tomorrow's India. Featured essays include: Santosh Iyer, Managing Director & CEO, Mercedes-Benz India Praveer Sinha, CEO & MD, Tata Power Abhinav Bindra, Olympic gold medallist and mental health advocate Nandan Nilekani, chairman and co-founder of Infosys Sanjeev Bikhchandani, founder and executive vice chairman of Info Edge Rajesh Jejurikar, executive director and CEO for Auto and Farm Sector at Mahindra & Mahindra Sharvil Patel, Managing Director, Zydus Group Together, they explore how India is navigating seismic transitions in manufacturing, clean energy, digital innovation, healthcare, artificial intelligence, and more. These narratives reflect a growing urgency to reimagine leadership, value creation, and resilience in the face of constant change. A striking new cover design, a departure from past visual identities, marks this momentous issue. The bold, forward-facing aesthetic captures the spirit of ambition, reinvention, and possibility. Pick up this special edition from newsstands near you, or you can subscribe by visiting More from Business How Indian fintech startups are driving Malaysia's UPI-like digital payments revolution Past. Present. Possibility. Explore the Legacy, Experience What's Next. Curious for more? Explore the full feature:

Andhra Pradesh emerges as India's solar hub; Jupiter plans 4.8 GW capacity

Business Standard

6 days ago

Business
Business Standard

Andhra Pradesh emerges as India's solar hub; Jupiter plans 4.8 GW capacity

State government attracts Jupiter Renewables' Rs 2,700-cr investment for solar manufacturing and is in talks with Tata Power, Waaree, and Vikram Solar Shine Jacob Chennai Listen to This Article Andhra Pradesh is rapidly emerging as a key hub for solar module and cell manufacturing in India, challenging established leaders like Gujarat, Rajasthan, and Tamil Nadu. Since the Nara Chandrababu Naidu government assumed office last year, the state has witnessed a surge in investments in this sector. The latest entrant this month is Kolkata-based Jupiter International, which plans to set up a 4.8 GW (gigawatt) solar photovoltaic (PV) cell and 1.5 GW module manufacturing facility at Rambili in Anakapalli district, with a total investment of Rs 2,700 crore. The investment is being made through its subsidiary, Jupiter Renewables. Additionally, the

Charge up your watch list with these five battery storage stocks

Mint

24-05-2025

Business
Mint

Charge up your watch list with these five battery storage stocks

Picture this: your phone runs out of battery, but you have a power bank handy to keep it going. Now, imagine the same concept but on a much larger scale—for the entire electricity grid. That's exactly what a battery energy storage system (BESS) does. Acting like a giant power bank, a BESS stores surplus electricity generated from renewable sources during periods of low demand and releases it when demand peaks. By bridging this gap, such a system makes renewable energy more reliable and ensures power availability around the clock. Recognising its importance, the Indian government is actively supporting BESS adoption through initiatives such as viability gap funding (VGF) and production-linked incentive (PLI) schemes. As India's energy needs continue to rise, the demand for efficient storage solutions is set to surge. With that in mind, we've shortlisted five battery energy storage system (BESS) stocks for your watch list. #1 Exide industries Exide is a leading manufacturer of lead-acid batteries, storage batteries, and allied products in India. It recently launched Exide BESS with the aim of meeting sustainability goals and significantly reducing its carbon footprint. For this it is investing heavily in research and development (R&D) and has adopted the advanced absorbent glass mat (AGM) and tubular gel batteries for BESS applications. Exide Industries aims to offer customised solutions to commercial, industrial and retail users to ensure uninterrupted power supply and reduce electricity costs. Given the increasing adoption of renewable energy, the company is positive about the growth of its BESS solutions. #2 Oriana Power The company provides renewable energy services on an engineering, procurement, and construction (EPC) and build, own, operate, transfer (BOOT) basis. It offers low-carbon energy solutions involving on-site solar project installations such as rooftop and ground-mounted systems, and off-site solar farms. The company recently diversified into BESS, compressed biogas and green hydrogen, and has won auctions for standalone BESS projects in Karnataka, Telangana, and Assam. So far, the company has delivered over 254 MW of projects and has more than 1,500 MW worth of projects in the pipeline, of which 300 MWh are BESS projects. It's rapidly scaling its BESS solutions business, aiming to derive 10-20% of next year's revenue from it. It aims to become a key player in BESS with a total capacity of 3.5 GWh by 2030. #3 Tata Power Tata Power is India's largest integrated power company. It generates, transmits and distributes electricity, and also manufactures solar roofs and builds electric vehicle (EV) charging stations. Tata Power is a pioneer in adopting BESS technology, having set up a facility in 2019. Ever since, it has made efforts to develop and adopt best practices in operation and maintenance. The company has also developed facilities for in-house repair of BESS equipment, which brings with it the benefits of self-sufficiency and reduced costs. Also read: Tata Power's solar cell plant fuels Q4 earnings, sets stage for FY26 growth In February it signed a memorandum of understanding (MoU) with ONGC to explore joint opportunities in the BESS value chain. In April the company announced that it would install a 100 MW BESS in Mumbai over the next two years. It also plans to integrate BESS at its renewable sites to enable a round-the-clock supply of clean power. In May 2024, its subsidiary commissioned India's largest solar and battery energy storage project, comprising a 100 MW solar photovoltaic (PV) project and a 120 MWh utility-scale BESS. #4 Gensol Engineering Gensol is in the business of solar consulting and EPC. It also offers 100% EV-focussed leasing solutions and manufactures EV sitself. It has expanded its offerings over the years to include ground-mounted and rooftop solar power plants, solar tracker technology, and BESS. In 2024 it won Gujarat Urja Vikas Nigam's (GUVNL) auction to set up pilot projects of 250 MWh/500MWh standalone BESS in Gujarat under tariff-based global competitive bidding. It also secured an additional 250 MWh/500 MWh under the greenshoe option, increasing the total project capacity to 500 MWh/1 GWh. The goal of the project is to provide electricity on demand to Gujarat power distribution companies during peak and off-peak hours. It will provide battery backup for more than an hour, with a total output of 1,000 MW. However, Gensol Engineering is currently facing significant scrutiny. The Securities and Exchange Board of India (Sebi) has issued an interim order against the company and its promoters, Puneet Singh Jaggi and Anmol Singh Jaggi, barring them from participating in the securities markets until further notice due to concerns related to fund diversion and corporate governance. Also read: BluSmart investors look to buy promoters' stake, revive the ride-hailing company #5 JSW Energy JSW Energy is in the business of generating power from thermal and renewable sources. In 2024 it entered the energy storage services business. It won a 1 GWh storage project from the Solar Energy Corporation of India (SECI), which is expected to be commissioned by June 2025. This project includes two installations with 500 MWh each, designed for two hours of storage in one cycle. The project will be developed under the BOOT mechanism. JSW Energy aims to achieve 20 GW of generation capacity and 40 GWh of energy storage capacity before 2030, and to become carbon-neutral by 2050. Also read: JSW Energy's expected Ebitda growth to be fueled by debt binge Conclusion With India's ambitious goals of generating 500 GW of renewable energy by 2030 and achieving net-zero emissions by 2070, the number of solar and wind projects in the country has shot up. BESS is essential to support these solar and wind projects, and ensure the electricity they generate is not wasted. With electricity demand and EV adoption growing, and environmental, social and governance (ESG) mandates by the government, the demand for storage systems is set to increase. This makes BESS the backbone of India's green-energy transition. However, it's essential to conduct thorough research before making any investment decisions. Be sure to carefully evaluate factors such as technological advancements, government policies, market competition, corporate governance, project-specific risks, and fundamentals of companies before deciding whether to invest. Happy investing! Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such. This article is syndicated from

Sanjay Banga to head Tata Power's renewable verticle, redesignated as President-Renewables, ETHRWorld

Time of India

22-05-2025

Business
Time of India

Sanjay Banga to head Tata Power's renewable verticle, redesignated as President-Renewables, ETHRWorld

Advt Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Download ETHRWorld App Get Realtime updates Save your favourite articles Scan to download App New Delhi, Tata Power on Wednesday redesignated Sanjay Banga , President-Transmission & Distribution as President-Renewables with effect from June 1, following the resignation of Deepesh Nanda from the post. Nanda has submitted his resignation due to personal commitments and will be relieved from his services with effect from the close of business hours on May 31, 2025, a regulatory filing to the filing, pursuant to an internal reorganization Sanjay Banga, President-Transmission & Distribution has been re-designated as President - Renewables and appointed as CEO & Managing Director of Tata Power Renewable Energy Ltd from June 1, heads the Transmission and Distribution Vertical at Tata Power which includes Mumbai, Delhi, Ajmer Distribution and Powerlinks Transmission. Prior to this, he was Chief Executive Officer of Tata Power Delhi Distribution Limited (Tata Power-DDL), a Public Private Partnership (JV) of Tata Power and Government of National Capital Territory of Delhi.A power sector veteran with around three decades of experience in power generation and distribution business, Banga brings with him expertise in the power sector, covering areas of Operational Technologies, Project Management, Utility Business Process Reengineering and Regulatory Environment that are essential for strengthening of electrical utilities to meet reliability and AT&C loss reduction targets under regulatory regime, the filing started his career with National Thermal Power Corporation (NTPC) as an Engineer Trainee and was involved in the Operation & Commissioning of Super Thermal Power Projects (1989 to 1995).Prior to joining Tata Power (DDL), he worked with Reliance Energy (earlier known as BSES Ltd) from 1996 to 2003, where he was associated with the entire spectrum of generation activities covering wide aspects of Operations, Maintenance, Planning, Design and Project Engineering.

A century-old Tata company's untold reinvention

Economic Times