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Vayona Energy currently operates two manufacturing plans and a portfolio in excess of about 12GW in operational and development assets. View More
The integration of AI and big data is revolutionising the energy sector, allowing for smarter management of intricate challenges. The Comptroller and Auditor General emphasises the need for enhanced operational efficiency and robust financial health within DISCOMs. View More
New Delhi: Comptroller and Auditor General (CAG) K Sanjay Murthy on Monday said with the increasing use of artificial intelligence and big data analytics in the power sector, the capacity to tackle inherent complexities in the sector is getting strengthened. Addressing the National Conference on Power Sector here, the CAG also said it is important for the entire power sector that operational efficiencies and financial sustainability of DISCOMs are enhanced and strengthened through focused and sustained efforts. Since last decade, Murthy said the power sector has achieved a lot as the generation has gone up from 1,168 BU in 2015-16 to 1,824 BU in 2025-26. The sources from which this power is being generated have also undergone major change as the shift to green energy has been increasingly gaining focus which is evident from the rise in its share from 6 per cent to 24 per cent, he said. He also noted that that the transmission network has been augmented by more than 70 per cent and it has achieved a milestone of crossing over 5 lakh circuit km (ckm) of transmission lines. Live Events The Comptroller and Auditor General of India is organising a day-long national conference to facilitate meaningful discussions on recent developments in the power generation, transmission, and distribution sectors. The conference is being attended by Secretary, Ministry of Power; Secretary, Ministry of New & Renewable Energy; Chairperson, Central Electricity Regulatory Commission (CERC), and Chairperson, Central Electricity Authority along with CMDs of NTPC , NHPC , SECI, PFC, Grid-India and PGCIL. Murthy said that on the distribution front, a major improvement is being noticed in village and household electrification. "It is important for the entire power sector that operational efficiencies and financial sustainability of DISCOMs are enhanced and strengthened through focused and sustained efforts," he said. He also said that there are early signs of recovery in the sector with DISCOMs recording a PAT of Rs 2,701 crore in 2024-25. Murthy further said the advancement in technology has played a pivotal role in the ongoing metamorphosis of the power sector. "With the increasing use of Artificial Intelligence and big data analytics in the sector, the capacity to tackle inherent complexities in the sector is getting strengthened," he said. Murthy said the conference is being organsied to bring together concerned stakeholders including ministries, regulators, PSUs leading the sector across central and states, academia and CAG officers. At the end of the conference, a comprehensive audit plan would be presented with an aim at achieving the national vision for power sector as well as towards achieving the shared goal of Viksit Bharat. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
Digital-first exporters are powering India’s trade ambitions, but compliance delays and documentation gaps continue to hinder their progress. New-age cross-border platforms are stepping in to streamline processes and close the gaps. View More
India, the fourth-largest economy in the world, is chasing a $2-trillion export dream by 2030, a target that underscores both ambition and confidence in the country’s growing trade muscle. The country needs its merchandise shipments to grow at a compound annual growth rate (CAGR) of 11-12% and services at a CAGR of 18-19% to achieve the target. It has recently signed free trade agreements ( FTAs ) with the UK and the European Union (EU), and the final framework of a trade deal with the US is in its final stages. While these pacts are expected to boost India’s exports further, achieving the export target will be challenging. Let’s begin with the positives. Looking at the country’s business ecosystem, one thing that stands out is how a new wave of exporters is reshaping India’s trade profile. These include small businesses and solo founders from Kochi selling handmade candles on e-commerce platforms to D2C (direct-to-consumer) brands in Jaipur and Surat tapping Amazon and Shopify, among others. Many of these solo founders and micro-brands, in fact, are taking their businesses global from the very beginning. These micro, small, and medium enterprises (MSMEs) form the backbone of India’s trade, contributing more than 45% to the country’s total exports and employing over 60% of its workforce. As per SME rating agency SMERA Ratings , the number of exporting MSMEs jumped from 52,849 in 2020-21 to 173,350 in 2024-25. During the same period, export values also increased more than threefold—from Rs 3.95 lakh crore to Rs 12.39 lakh crore. More importantly, micro and small enterprises made up the majority of this group, accounting for 91% of all exporting units. In addition, the MSME sector, comprising 68.2 million registered units, is expanding faster than large enterprises, with its value nearly tripling in four years to Rs 12.39 lakh crore, according to the latest industry reports. Undeniably, India’s export dream hinges on them. Acknowledging their importance, the government in the Union Budget 2026 has also announced several initiatives, such as a Rs 10,000 crore SME fund and the Corporate Mitra programme, to support their growth. Live Events However, a complex web of compliance regulations, mismatched filings, and manual approvals, among others, continues to hold back the very entrepreneurs driving India’s next export surge, say industry observers. While policymakers focus on tariffs, ports, and market access, a quieter battle is playing out in the back offices of small exporters. It’s not about ports or tariffs; it’s paperwork. “Licensing and compliance delays stretch MSMEs’ operations by 10-15 days, while competitors overseas complete similar processes in under four days, directly hurting domestic traders’ cost competitiveness,” says Amit Kumar Agarwal, General Secretary, Laghu Udyog Bharti, Uttar Pradesh. And the dent is quite significant. Delays in GST (good and services tax) refund alone are blocking an estimated Rs 25,000-30,000 crore of working capital for MSMEs annually, and refund cycles are stretching to 6-9 months, far longer than the global benchmarks of 30-45 days, according to estimates from the Federation of Indian Export Organisations (FIEO). “Almost one-fifth of an exporter’s time is still spent on various manual compliances, which could be saved through digitisation. It can significantly free up executive time for productive pursuits like improving quality and marketing,” says Anil Bhardwaj, Secretary General, Federation of Indian Micro and Small & Medium Enterprises (FISME). A Maze of Paperwork From GST mismatches to delays in securing Foreign Inward Remittance Certificates (FIRAs), India’s export processes remain slow, fragmented, and opaque. For small sellers, this often translates into delayed cash flows or even cancelled orders. Experts note that just as smooth operations at airports and ports, efficient multi-modal logistics networks, and favourable trade agreements are crucial to facilitating economic activities, so is a robust compliance ecosystem. In India, an exporter’s compliance journey begins with the Importer-Exporter Code (IEC). Exporters say that even a missed update or an inactive profile can halt shipments without warning. The documentation trails, including shipping bills, invoices, packing lists, and certificates, must align perfectly, as even small discrepancies can trigger costly delays. And the work doesn’t end once the goods are shipped. Exporters often find themselves chasing banks for FIRAs or electronic Bank Realisation Certificates (eBRCs), documents essential for claiming GST refunds or benefits under schemes such as RoDTEP. “Every bank, often every branch, has its own understanding of purpose codes, EDPMS, and document submissions. Exporters, especially smaller ones, end up filling out forms, chasing relationship managers, and waiting days just to access their own money. We see exporters lose days of productivity and anywhere from Rs 3,000 to Rs 5,000 per $10,000 payment. Scaled up across the ecosystem, it’s a massive drain on export potential,” says Srivatsan Sridhar, Co-founder and CEO of Skydo, a cross-border payments platform, which processes $500 million (about Rs 4,200 crore) in annual payments for over 25,000 exporters and MSMEs. While the government’s faceless assessment has been a transformative step in India’s customs reforms, many MSMEs still face hurdles beyond Customs,” says Krishan Arora, Partner, Grant Thornton Bharat. “Delays in GST refunds due to return mismatches, slow IEC updates on the DGFT portal, and complications with forex documentation, especially when using digital payment gateways, create cash flow strain and uncertainty. These pain points often outweigh the gains made at Customs front.” The issue is not just the time exporters lose, but it is also the opportunity cost of stalled growth. Instead of focusing on expanding orders or exploring new markets, many MSMEs are stuck navigating forms and portals. “Unlike legacy export houses, solopreneurs and D2C brands don’t have finance teams or compliance officers. They are juggling product development, customer management and banking paperwork at once. The gap between how they operate digitally and how the system supports them is growing,” adds Sridhar. “The real challenge lies in the fragmented nature of the broader export compliance ecosystem. Lack of integration with partner government agencies, such as FSSAI or CDSCO authorities, leads to delays and duplication,” says Arora of Grant Thornton Bharat. ET OnlineIndia_Total_Exports_FY2021_2026 When Compliance Stalls Momentum Some exporters’ ordeals best illustrate the cost of these frictions. Rahul Gupta, a content marketing freelancer based in Indore, had been receiving payments from a Bulgarian client directly into his savings account for two years without ever requesting a FIRA. It wasn’t until the 2024 tax season that he realised he had no official proof of export income, and without a FIRA , he couldn’t even claim his GST refund. Gupta struggled for several months before he started using Skydo, a platform designed for cross-border payments. “What could have been a serious headache gets sorted when FIRAs start coming automatically with every payment through Skydo,” says Movin Jain, Co-founder of Skydo. In Jaipur, Rohit runs a small Amazon storefront selling handcrafted décor. He recounts his struggle of chasing banks for eBRCs each time a payment is received. The process typically dragged on for two weeks, filled with back-and-forth emails, delays, and additional fees. “After months of this, he tried Skydo on a friend’s recommendation, and now the eBRC just shows up automatically,” Jain says. Even as Gupta and Rohit find solutions to their problems following initial hurdles, these examples highlight how compliance, intended as a safeguard, often ends up crushing momentum. For first-time exporters, the initial thrill of a global order can quickly dissolve into confusion, anxiety and long waits. “The banks, customs, DGFT, and various other agencies for pre-shipment inspections still work in silos. This creates enormous difficulties for exporters,” says Bhardwaj of FISME. Compliance inefficiencies aren’t just limited to individuals. Even established micro-enterprises face hurdles. Kolkata-based Pakira Exports, a garments exporter, struggled with FIRA delays of up to three weeks, slowing its GST refunds and tying up working capital. “Several follow-ups and branch visits were needed for each FIRA, which interfered with operations and caused compliance anxiety,” recalls Atanu Pakira, the firm’s founder. It’s in cases like these that digital cross-border payments and compliance platforms such as Briskpe are stepping in to ease the pressure. By digitising and automating compliance-heavy steps, they are helping small exporters cut down on turnaround time. After onboarding with Briskpe, the Pakira exports began receiving digital eFIRAs within 24 hours. “What used to be weeks of waiting turned into a seamless process,” says Sanjay Tripathy, Co-founder and CEO of Briskpe. The shift also freed up working capital, reduced paperwork stress, and improved operational efficiency. Briskpe is now piloting automated e-BRC issuance for faster EDPMS closure, critical to unlocking refunds and avoiding penalties. For MSMEs that run on thin cash cycles, the difference between two weeks and 24 hours can determine whether they accept their next order. “Traditional banking systems haven’t kept pace with modern exporters,” Tripathy says, adding that at a time when global ambitions are rising, compliance has to match innovation. While compliance hurdles may delay shipments, liquidity gaps, small exporters flag, can halt them altogether. Payment lags and cash flow disruptions hit MSMEs the hardest, leaving them stretched for working capital. Factoring solutions, which allow exporters to sell receivables at a discount to unlock working capital, are emerging as a practical way forward. But they remain under-utilised in India due to lack of a clear regulatory framework. Policy Gaps Industry voices agree that fintech can ease exporters’ daily burdens, but policy frameworks remain slow to adapt. In this digital age, “government schemes still assume businesses operate through physical documents and manual filings,” says Sridhar of Skydo. “That doesn’t fit the digital-first exporter.” Building on that, Tripathy of Briskpe emphasises that the answer lies in creating shared infrastructure rather than piecemeal fixes. He calls for a unified digital compliance ecosystem linking GSTN, Customs, DGFT, banks, and fintechs. “A single-window platform that automatically reconciles export data, tracks status, and processes refunds could transform the landscape,” he says. Others point out that financing regulations are just as important as digital workflows. The common thread across these recommendations is the need for policy to catch up with innovation. While fintech platforms are showing what is possible, only regulatory clarity and system-wide digitisation can make these solutions mainstream. Munindra Verma, CEO of M1NXT, a GIFT City-based trade finance platform that is part of the M1xchange ecosystem managing Rs 78,000 crore in annual invoice discounting and trade receivables, however, notes that factoring remains underutilized in India due to the absence of a clear policy framework to guide banks. Mukewar of Drip Capital goes a step further, suggesting a Unified Export Compliance Portal, where exporters input data once and reuse it across departments, reducing duplication and errors. The Bigger Picture India’s export growth is no longer held back by lack of demand or competitiveness but by invisible compliance frictions, believe exporters. Each missed refund or delayed FIRA is not just a paperwork glitch but a loss of working capital, stalled shipments and eroded confidence. Through multiple real-world examples, fintech platforms are proving that automation can simplify reconciliation, digitise KYC , and shorten payment cycles. “For small exporters, these aren’t conveniences. They’re survival tools,” adds Sridhar. The government’s commitment to promoting exports, especially from India’s vibrant MSME sector, is clear. To sustain momentum, a few targeted improvements could go a long way in easing compliance for micro-exporters. “First, a simplified, automated GST matching system is critical. Micro-exporters often lack dedicated tax teams and struggle with reconciliation across GSTR-1 and GSTR-3B,” says Krishan Arora, Partner, Grant Thornton Bharat. “Second, IEC and bank detail updates on the DGFT portal should be made real-time through Aadhaar-authenticated e-KYC and API integration with banks. Even minor delays today can block access to export incentives or create regulatory friction mid-shipment.” “Third, the process around foreign exchange compliance must be modernised. Exporters using digital payment channels face unnecessary hurdles when FIRAs are not recognised in place of FIRCs under GST law. A unified framework—linking RBI ’s EDPMS with ICEGATE, DGFT, and GST systems—along with recognition of e-FIRAs and digital remittances as valid, would significantly streamline refund claims and reduce paperwork,” he adds. He believes these steps can not only simplify the compliance burden but also signal the government’s continued support for small exporters looking to compete globally. While acknowledging that some bottlenecks still persist, FISME’s Bhardwaj says the Union Budget 2026-27 has laid out the government’s clear-cut intent and direction in resolving cross-border payment woes for the exporting community. “Measures announced in the Budget targeting MSMEs will certainly have a positive impact on MSMEs’ access to finance and enhance liquidity. These would also enable fintech-led solutions like invoice-based financing, embedded FX, and faster digital settlements.” “The government’s [Budget] push to strengthen MSME financing through the SME Growth Fund, expanded guarantees, and the GeM-TReDS integration is less about changing payment rails overnight and more about fixing the underlying liquidity constraints that shape cross-border transactions,” says Vinod Kumar, President, India SME Forum. “In the near term, the biggest impact will be improved cash-flow predictability for exporters, which should translate into higher participation in global markets and increased transaction volumes.” “From a policy perspective, the government’s move signals a clear intent to deepen trade facilitation and strengthen the financial support for exporters,” says Munindra Verma of M1 NXT. “If implemented effectively, it can positively influence cross-border trade by improving liquidity access, accelerating receivables realisation and encouraging greater digitisation across the trade value chain. For MSMEs in particular, faster working capital cycles and better integration between trade platforms and financing channels could reduce payment friction and enhance confidence in international transactions.” “If fintechs could find a way to integrate TReDS data with trade and payment tracks, cross-border flows could also become cheaper, faster, and more risk-assessed. There are caveats, though,” Bhardwaj says. “There is a need for regulatory alignment among the RBI, FEMA, and AML,” he says, while emphasising the need for robust FX risk management, seamless data interoperability, stronger partnerships with global banks, and the onboarding of smaller exporters. “Without comprehensive cross-border settlement reforms, the gains could remain financing-led, not payment-led,” he adds. Meanwhile, the government is doing cluster-level surveys across the country to address the challenges faced by MSMEs, especially issues related to registrations and compliances, according to reports. The Corporate Mitra programme, announced in the Budget, is also expected to assist MSMEs with documentation, regulatory compliance and GST filing. While India continues to chase its export goal, the real leap may not come just from new trade pacts but from a system that allows exporters to focus on their products, rather than paperwork. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now!
Clean Max Enviro Energy Solutions, India's top renewable energy provider for businesses, is set to raise funds through an IPO. The company aims to repay debt and expand its operations. It serves commercial and industrial clients with solar and wind power. Financials show revenue growth and a recent return to profitability. View More
ET Intelligence Group: Clean Max Enviro Energy Solutions, India's largest renewable energy provider to corporates, plans to raise ₹1,200 crore through a fresh issue to repay debt and ₹1,900 crore through an offer for sale. The promoter stake will fall to 49% after the IPO from 65.4%. The company is a market leader and has chalked out future capacity expansion plans. However, the company faces risks related to land acquisition, dependence on long-term corporate power purchase agreements (PPAs) and vulnerability to policy and tariff changes in the renewable energy sector. Given these factors, the IPO appears to be suitable for long-term investors with a higher risk tolerance. Business Clean Max Enviro Energy Solutions focusses on commercial and industrial (C and I) customers. The company builds, owns and operates solar and wind plants and supplies renewable power to its customers. It has 2.8 giga watts (GW) of operational owned-and-managed capacity and 3.2 GW of contracted capacity yet to be executed as of October 31, 2025. It has C and I client base of 555 customers and 1,198 long-term PPAs. Its business is structured into two segments. The renewable energy power sales segment, which contributed 74% to total sales in FY25. The other business vertical of renewable energy services includes turnkey engineering, procurement, and construction (EPC) and operation and maintenance (O&M) services, capex-based project development for customers, and carbon credit solutions. Unlike utility-scale developers that compete in low-tariff auctionsClean Max signs direct contracts with corporates, enabling it to secure higher tariffs of about ₹3.8 per kilowatt hour (kWh) compared with the ₹2.5-3 per kWh range for other utility players. It has presence across 23 states and select international markets, backed by a repeat business ratio of nearly 72% and an average PPA tenure of over 22 years. Agenciesa long-term bet The renewable energy provider has chalked up plans, they have to work out Financials Revenue increased 27% annually to ₹1,495.7 crore in FY25 from ₹929.5 crore in FY23. Net profit rose to ₹27.8 crore in FY25 compared to a loss of ₹30.9 crore in FY24 and ₹65 crore in FY23. The operating margin before depreciation and amortisation (Ebitda margin) of the power sales segment improved to 82% in FY25 from 75% in FY23 while that of the services segment improved to 14% from 11% in the same period. The debt-to-equity ratio improved to 1.9 in FY25 from 2.2 in FY23 against a peer range of 0.9-4.7. Live Events Valuation Since the company has started reporting profit recently, its price-earnings multiple seems to be significantly high at around 324. Its enterprise value (EV) works out to be around 16 times annualised Ebitda for the six months to September 2025. The average EV/Ebitda for listed peers is 27. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)
India’s primary market is set for an active week with three mainboard IPOs and six SME issues targeting around Rs 4,300 crore. Led by Clean Max Enviro Energy Solutions, the offerings span renewable energy, jewellery and engineering, testing investor appetite amid selective market conditions and sector-specific interest. View More
India's primary market is set for a busy week ahead, with three mainboard IPOs collectively looking to raise Rs 4,063 crore. The line-up includes renewable energy player Clean Max Enviro Energy Solutions, jewellery retailer PNGS Reva Diamond Jewellery and engineering solutions provider Omnitech Engineering. Alongside them, multiple SME issues will also hit the market. The combined mainboard and SME fundraising will be close to Rs 4,300 crore in the next week. This will test investor appetite at a time when markets remain selective and sector-specific. Clean Max Enviro Energy Solutions IPO The largest issue of the week is Clean Max Enviro Energy Solutions, which is aiming to raise Rs 3,100 crore through a combination of a Rs 1,200 crore fresh issue and a Rs 1,900 crore offer for sale. The IPO opens on February 23 and closes on February 25. The price band is set at Rs 1,000 to Rs 1,053 per share. Shares are scheduled to list on March 2 on the BSE and NSE. In the grey market, the GMP is muted at just close to 1% over the IPO price. Live Events Clean Max is India’s largest commercial and industrial renewable energy provider as of March 2025, according to a CRISIL report. As of July 2025, it had 2.54 GW of operational, owned and managed capacity, along with 2.53 GW under execution. The company sells renewable power under long-term power purchase agreements and energy attribute purchase agreements. It also provides EPC, operations and maintenance services, along with carbon credit solutions. Financially, the company reported total income of Rs 1,610 crore in FY25 with profit after tax of Rs 19.43 crore. Axis Capital is the book running lead manager. Also Read | Infosys-Anthropic deal sparks fresh debate: Is AI now an opportunity, not a threat, for Indian IT? PNGS Reva Diamond Jewellery IPO PNGS Reva Diamond Jewellery plans to raise Rs 380 crore through a fully fresh issue. The IPO opens on February 24 and closes on February 26. The price band has been fixed at Rs 367 to Rs 386 per share, with listing expected on March 4. The shares are commanding a moderate premium of 4% in the grey market. The company operates under the brand "Reva" and offers diamond and precious stone jewellery set in gold and platinum. As of September 2025, it operated 34 stores across 25 cities in Maharashtra, Gujarat and Karnataka under FOCO, FOFO and COCO models. For FY25, PNGS Reva reported total income of Rs 259.11 crore and profit after tax of Rs 59.47 crore. The IPO has a heavy institutional skew, with not less than 75% of the net issue reserved for QIBs. Smart Horizon Capital Advisors is the lead manager. Omnitech Engineering IPO Omnitech Engineering is looking to raise Rs 583 crore via a mix of Rs 418 crore fresh issue and Rs 165 crore offer for sale. The issue opens on February 25 and closes on February 27. The price band is Rs 216 to Rs 227 per share, with listing scheduled for March 5. The company manufactures precision-engineered components and provides turnkey industrial automation and mechanical systems across sectors such as automotive, aerospace, pharmaceuticals and general manufacturing. Omnitech operates three manufacturing facilities in Gujarat and had 1,807 permanent employees as of September 30, 2025. In FY25, the company reported total income of Rs 349.71 crore and profit after tax of Rs 43.87 crore. Proceeds from the fresh issue will be used for debt repayment of Rs 50 crore, setting up new projects across two facilities, capital expenditure at an existing facility and general corporate purposes. Equirus Capital is the book running lead manager. SME IPOs also lined up Alongside the mainboard offerings, six SME IPOs are scheduled next week. Shree Ram Twistex is set to raise Rs 110.24 crore and will open between February 23 and February 25. Kiaasa Retail plans to raise Rs 69.72 crore on the BSE SME platform during the same window. Accord Transformer and Switchgear, with an issue size of Rs 25.59 crore, and Mobilise App Lab, aiming to raise Rs 20.10 crore, are also scheduled to open on February 23. Striders Impex will open on February 26 to raise Rs 36.29 crore on NSE SME, while Yaap Digital is also expected to hit the SME platform. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)
The AI-based innovation has been introduced in parts of Janakpuri falling under BSES Rajdhani Power Limited (BRPL) distribution area, said a BSES official. Much like "Google maps for electricity", the Digital Twin allows engineers to monitor outages, forecast potential equipment failures and simulate contingencies through an interactive dashboard. View More
New Delhi: Power discom BSES has showcased its innovation 'Digital Twin of a Power Network' that serves as a 'Google map' of the electricity distribution network, enabling real-time monitoring and automatic fault restoration . The AI-based innovation has been introduced in parts of Janakpuri falling under BSES Rajdhani Power Limited (BRPL) distribution area, said a BSES official. Much like "Google maps for electricity", the Digital Twin allows engineers to monitor outages, forecast potential equipment failures and simulate contingencies through an interactive dashboard. Its AI-driven analytics support automated fault restoration, significantly reducing outage durations and enhancing overall system reliability, he said. By integrating supervisory control and data acquisition (SCADA), geographical information system (GIS) and Internet of Things (IoT) sensors, SAP systems and smart meters into a unified digital ecosystem, the platform gives engineers real-time view of power flows across any area, he said. Live Events At the AI Impact Summit 2026 at Bharat Mandapam , BSES is offering a glimpse into the future of power distribution. Through a live demonstration of its Digital Twin of Network among other AI technologies, the utility is showcasing how artificial intelligence and advanced digital technologies are reshaping power management in the national capital, he said. BRPL has deployed India's first large-scale, real-time Digital Twin of a power distribution network in parts of its Janakpuri Division that will be further expanded, he said. It also helps track and curb power theft, optimise load management and improve grid resilience. Globally, similar digital twin systems have enabled utilities to cut operational costs by 2-4 per cent and reduce supply restoration times by up to 20 per cent, highlighting the transformative potential of this innovation for Delhi's power sector, the BSES official said. Soon the Digital Twin will be rolled out in the entire Janakpuri division, making it Delhi's first fully digitised and live-monitored power distribution division, he said. BSES has also upgraded physical power infrastructure in Janakpuri, working to remove the dense web of overhead wires. At C4E Block of Janakuri, BSES has completed a pilot project to shift overhead electricity cables underground. Nearly 400 metering installations have been renovated, old cement poles replaced with modern streetlight poles, and 17 new feeder pillars installed and integrated with an intelligent monitoring system for rapid fault isolation and restoration, he added. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
The Indian stock market recovered on February 20, with the Nifty 50 rising 0.46% to 25,570. Financials, metals, and FMCG sectors drove support, while broader markets showed mixed results, and oil prices surged due to geopolitical concerns. View More
The 2nd part capacity of 165 MW out of 1,200 MW Khavda-II Solar PV Project of NTPC Renewable Energy Ltd is declared on Commercial Operation with effect from 00:00 hrs of February 20, 2026 View More
In a significant ruling, the Supreme Court has mandated Rashtriya Chemicals and Fertilizers to refund ?218 crore, including interest, to Thermax Ltd. This decision reverses an arbitral award as determined by the Bombay High Court, which the apex court has chosen not to contest. Central to this legal battle was the claim for damages resulting from a malfunctioning gas turbine. View More
The Supreme Court has asked public sector fertiliser major Rashtriya Chemicals and Fertilizers (RCF) to refund ₹218 crore plus 6% interest to engineering conglomerate Thermax Ltd within four weeks. Refusing to interfere with the Bombay High Court order that set aside the 2023 arbitral award, the apex court dismissed RCF's appeal seeking to retain ₹218 crore deposited earlier by Thermax Ltd as a condition for staying the arbitral award that favoured the former. The HC had cited a lack of evidence and failure to provide reasons in the original award, which involved a dispute over gas turbine breakdown damages. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)