ET Energy Leadership Summit & Awards 2026 to Address India's Energy Transformation

The ET Energy Leadership Summit & Awards 2026, scheduled for September 9–10 in New Delhi, will gather policymakers, regulators, and industry experts to explore the evolving energy landscape of India. The event's central theme, "Powering India’s Next Energy Economy: Security, Scale, Intelligence, and Self-Reliance," highlights the nation's strategic priorities as it navigates a significant energy transformation.

Discussions will address the need for a robust energy system capable of supporting sustained economic growth while enhancing energy security and sustainability. Key topics include strengthening domestic energy supply chains, from hydrocarbons and natural gas to critical minerals and clean-tech manufacturing. The summit will also examine the expansion of transmission infrastructure, the integration of renewable energy, and the digitalization of energy systems.

The agenda features sessions on infrastructure development, focusing on transmission networks, storage systems, and flexible generation to integrate increasing volumes of renewable power. Participants will also delve into the role of natural gas infrastructure and the challenges of transitioning from renewable capacity addition to dispatchable clean power. The event aims to foster collaboration across various sectors of India's energy ecosystem, including generation, transmission, engineering, and digital systems.

Kanohar Electricals Shares See 8% Premium on IPO Listing

Shares of Kanohar Electricals Limited, an Indian transformer manufacturer and EPC service provider, listed at an 8% premium over its IPO price on Wednesday. The stock opened at ₹672.05 on BSE and ₹685.50 on NSE, compared to its issue price of ₹632. The IPO, which aimed to raise ₹1,055.74 crore, was subscribed 90.59 times overall, with the qualified institutional buyer (QIB) portion subscribed 215.37 times.

Kanohar Electricals plans to allocate ₹64.18 crore from the IPO proceeds for capital expenditure and ₹155 crore for incremental working capital requirements. The company reported a 45% year-on-year increase in total income, reaching ₹662.86 crore in FY26 from ₹457.30 crore in FY25. Profit after tax (PAT) nearly doubled, growing 99% from ₹65.12 crore in FY25 to ₹129.73 crore in FY26.

The company operates two manufacturing facilities in Meerut, Uttar Pradesh, with a combined transformer manufacturing capacity of 19,200 MVA as of March 31, 2026. Kanohar Electricals is one of four Indian manufacturers certified by RDSO to produce 100 MVA, 132 kV Scott transformers.

India's Battery Storage Capacity Reaches 9.3 GWh by Mid-2026

India added 8.2 gigawatt-hours (GWh) of battery storage capacity in the first half of 2026, according to a Mercom India Research report. This represents an 84-fold increase compared to the 98.4 megawatt-hours (MWh) added in the same period of the previous year. By June 2026, the cumulative installed battery storage capacity in India reached 9.3 GWh.

The growth is attributed to rising utility demand for grid balancing, peak management, and renewable energy integration. Standalone battery storage projects accounted for 83% of cumulative installations. Rajasthan leads in installed battery storage capacity with 36%, followed by Gujarat at 20% and Maharashtra at 5%. These three states collectively represent over 60% of the country's total installed capacity.

Battery storage procurement also saw a sharp increase in the first half of 2026, with 28 GW tendered. This marks an 86% year-over-year increase from the 15 GW tendered in the first half of 2025.