March 19, 2026 | India: Key developments across India’s energy and corporate sectors highlight momentum in renewables expansion, shareholder returns, and insolvency proceedings, reflecting a mixed but active business environment.
NTPC Green Energy Expands Solar Capacity to 9.7 GW
NTPC Green Energy Limited has commenced commercial operations of 165 MW under the Khavda-II Solar PV Project in Gujarat from March 19, 2026.
With this addition:
Total installed capacity rises to 9,727.68 MW (from 9,562.68 MW)
Strengthens NTPC’s position in India’s renewable energy transition
The Khavda solar park is part of India’s broader push to scale up ultra-mega renewable energy projects.
India Glycols Declares ₹7.50 Interim Dividend for FY26
India Glycols Limited has announced an interim dividend of ₹7.50 per equity share (150%) for FY 2025–26.
Key details for investors:
Record date: March 23, 2026
Payment timeline: Within 30 days
Mode: Mandatory electronic transfer
TDS Compliance Requirements
The company will deduct Tax Deducted at Source (TDS) as per the Income Tax Act 1961.
Shareholders must submit:
PAN details
Form 15G/15H (if applicable)
Tax exemption certificates
For non-residents:
Tax Residency Certificate (TRC)
Form 10F to avail DTAA benefits
Failure to comply may result in higher tax deduction.
Insolvency Proceedings Against Telephone Cables Limited
Telephone Cables Limited is facing insolvency action initiated by Omkara Assets Reconstruction Private Limited for a default amount of ₹1,806.57 crore (as of April 2024).
Key developments:
मामला National Company Law Tribunal, Chandigarh में सुना जाएगा
Debt earlier held by SASF, later assigned to OARC
Proceedings to follow Corporate Insolvency Resolution Process (CIRP) under IBC
This marks a significant step in resolving long-pending financial distress linked to legacy cases.
Solarium Green Energy Launches 1 GW Solar Module Facility
Solarium Green Energy Limited has commissioned a 1 GW solar module manufacturing facility in Ahmedabad on March 18, 2026.
Strategic impact:
Strengthens domestic solar manufacturing ecosystem
Enhances EPC execution capabilities
Supports India’s push for self-reliance in solar supply chains
This follows the company’s earlier announcement (June 2025) to re-enter module manufacturing.
