ICRA Ltd Share Price

Electricity grid, energy storage readiness to support next phase of renewable energy growth: ICRA

### Simple Explanation ICRA says that **India’s renewable energy sector will continue to grow strongly**, but the next stage of growth will depend mainly on **power transmission and energy storage**. Renewable energy, including large hydro projects, may provide **more than 35% of India’s total electricity generation by 2029-30**, compared with 22% in 2024-25. There is already a strong pipeline of renewable projects. More than **150 GW of renewable energy projects were under construction as of June 30, 2026**. These projects can increase India’s renewable power capacity in the coming years. However, there are some challenges. **Transmission infrastructure has not grown as quickly as electricity generation capacity.** Because of this, some renewable projects face difficulties in sending their electricity to the grid, resulting in power curtailment. Another major issue is the delay in signing **Power Purchase Agreements (PPAs)**. Around **40–45 GW of renewable capacity was still waiting for PPAs as of April 2026**. Renewable-energy bidding has also slowed significantly: * **FY25:** 40.6 GW awarded * **FY26:** 14.7 GW awarded * **FY27 till August 10:** 4.7 GW awarded ICRA also says the industry is moving away from only normal **solar and wind projects** and increasingly focusing on **FDRE (Firm and Dispatchable Renewable Energy)** and **RTC (Round-the-Clock) power**. These projects need battery storage and other technologies to provide electricity when required, even when sunlight or wind is unavailable. ### In simple words: India has a **big renewable-energy opportunity**, but simply building solar and wind farms is not enough. India also needs **strong transmission networks and large-scale battery storage**. Therefore, companies working in **renewable energy, power transmission, grid infrastructure, batteries and energy storage** could benefit from this long-term growth. However, aggressive bidding and delays in PPAs could put pressure on companies' profits.

Update for investors of !Avenue Supermarts

Avenue Supermarts Raises ₹300 Crore Through Commercial Paper

Avenue Supermarts has raised ₹300 crore through the allotment of Commercial Paper, with a tenure of 90 days and a coupon rate of 6.70% per annum. The unsecured instrument is rated ICRA A1+ and is proposed to be listed on the BSE. Avenue Supermarts, which owns and operates D-Mart, is a Mumbai-based company and one of India’s leading supermarket retailers. D-Mart offers a wide range of home and personal products under one roof and continues to expand its presence across the country.

Update for investors of !Ashok Leyland

Good chance. Muthoot Microfin. Historical trend: Financial-sector (NBFC-MFI) template. Sharp turnaround from a Mar25 crisis quarter (-401 NP, heavy provisioning during sector-wide MFI stress) to steady sequential recovery: Jun25 (6), Sep25 (31), Dec25 (62), Mar26 (71) - Interest Income stable ~210-232 throughout, GNPA improving from 4.61% to 3.89% (Sep24, latest disclosed). This is a genuine multi-quarter healing trend, not one-off; Jun26 YoY comparison is an easy base given Jun25's still-depressed 6cr profit. Q1FY27 signal: Company's own Q1FY27 business update (already released 10 Jul'26) showed AUM +18% YoY/+3% QoQ to Rs14,457cr, disbursements +49% YoY, collection efficiency improved to 97.97% from 93.00% YoY - a strong, concrete confirmatory data point. Management raised FY27 AUM growth guidance from 12-15% to 20% and CRISIL upgraded rating to AA- (Jun'26) on improved asset quality/capitalization. Industry-wide MFI sector also stabilizing per ICRA (FY27 AUM growth 15-17% rebound). Stock reaction note: Stock rallied sharply to ~265 on the Jul'26 business-update news, but has since reversed hard to 230, now below both SMA20/50 with a failed-breakout pattern - high sell-on-result risk as gains from the AUM update have already been given back, suggesting the market may treat Q1 numbers as already priced in.

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