AGP Executive Report
Last update: 6 hours agoRenewables & Grid Storage: Gujarat Urja Vikas Nigam’s 450 MW/900 MWh standalone BESS auction in Gujarat saw NLC India win 275 MW and Sun Drops Energia (KP Group) 175 MW, with a tight L1 tariff around INR 2.32 lakh/MW/month and 12-year BESPA; projects can get VGF support of INR 18 lakh/MWh. Rooftop Solar Push: PM Surya Ghar: Muft Bijli Yojana has crossed 5 million households, with rooftop installs accelerating to 16,000+ per day and 7.77 million applications since launch. EV Supply Chain: Octillion Power Systems opened its third EV battery plant in Halol, Gujarat, targeting 48,000 battery systems annually (3+ GWh) and lifting India output to 150,000+ systems/9 GWh. EV Charging Uptick: India has installed 67,657 EV chargers and 1,139 battery-swapping station chargers; 16.72 lakh EVs were sold under FAME-II as of June. Quick Commerce Crackdown: Zepto and Blinkit faced food-safety action—Zepto’s Bengaluru warehouse sealed and Blinkit’s Malad facility licence suspended. Urban Infrastructure: Delhi’s MPD 2047 was approved after delays, setting the next two decades for housing, transport and green spaces; Mumbai’s seven lakes rose to 89.49% live storage. AI & Startups: Cursor reportedly opened an India office amid a SpaceX acquisition deal; Wippi, Lane and Vecton AI raised seed rounds. Credit Watch: Fitch affirmed India’s BBB- rating with stable outlook, citing resilient growth but high debt and youth-job risks.
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