The board of Vedanta Limited has approved the acquisition of Meenakshi Energy Limited for Rs 14.40 billion. Meenakshi Energy was admitted under corporate insolvency resolution process in terms of the insolvency and bankruptcy code, 2016. […]
India Grid Trust (IndiGrid) has signed share purchase agreement for acquisition of 100 per cent shareholding and economic interest, in one or more tranches, in Khargone Transmission Limited from Sterlite Power Transmission Limited. The acquisition […]
Sterlite Power has bagged multiple orders worth Rs 38 billion across its solutions business unit in the domestic and international markets during the first three quarters 2022-23, registering a growth of 90 per cent compared […]
JSW Energy Limited has recorded a net profit of Rs 1.87 billion for the quarter ended December 2022, as compared to the net profit of Rs 3.21 billion recorded in the same quarter of previous […]
Indian Energy Exchange Limited (IEX) has recorded a net profit of Rs 772.16 million for the quarter ended December 2022, as compared to the net profit of Rs 807.35 billion recorded in the same quarter […]
Tata Power has signed an agreement with GAIL Gas Limited to install direct current fast charging points at two of GAIL Gas compresses natural gas (CNG) retail outlets (CNG stations) in Bengaluru. The partnership is […]
The National Transmission and Despatch Company (NTDC) has proposed a PKR370 billion investment plan for system expansion and loss reduction over the 2023-25 period. NTDC has filed a petition with the National Electric Power Regulatory […]
By Shantanu Srivastava, Energy Analyst at the Institute for Energy Economics and Financial Analysis (IEEFA) Indian life insurers and pension funds, the biggest domestic institutional investors (DIIs) by assets under management (AUM), have largely stayed on […]
Indian Renewable Energy Development Agency Limited (IREDA) has signed a memorandum of understanding (MoU) with the Ministry of New and Renewable Energy (MNRE), setting annual performance target for 2022-23. India has set a target Rs […]
The Ministry of Power (MoP) has issued the draft Electricity (Amendment) Rules, 2023. In the Elctricity Rules 2005, a rule has been proposed to be inserted, where any person or entity – including a government […]
Bharat Heavy Electricals Limited (BHEL) has won an order for the renovation and modernisation (R&M) of steam turbines at Ukai thermal power station (TPS) in Gujarat. The order is valued at about Rs 3 billion […]
According to Mahindra & Mahindra (M&M), Â the Maharashtra government has approved its proposal to set up a Rs 100 billion electric vehicle (EV) plant in Pune under the state’s industrial promotion scheme for EVs. The […]
KPI Green Energy Limited has commissioned 25 MW DC solar power project for Greenlab Diamonds LLP, Surat under captive power producer business vertical of the company. In another development, KPI Green Energy has signed 3 […]
United Arab Emirates-based renewable energy company, Masdar, has inked joint development agreements with the State Oil Company of the Republic of Azerbaijan (SOCAR) to develop onshore wind and solar power capacity, integrated with offshore wind […]
JSW Renew Energy Five Limited, a step-down subsidiary of JSW Energy Limited (JSWEL), has received letter of awards (LoA) for total 500MW/1,000MWh standalone battery energy storage systems (BESS) (two projects each of 250 MW / […]
According to the Ministry of Coal, India targets to produce more than one billion tonne (bt) coal during 2023-24. About 780Â million tonne (mt) is targeted from Coal India Limited (CIL), 75 mt from Singareni […]
Adani Renewable Energy Holding Two Limited, a wholly-owned subsidiary of Adani Green Energy Limited, has entered into a binding term sheet for acquisition of 50 per cent equity interest in Essel Saurya Urja Company of […]
Sunsure Energy has announced the commissioning of the 15 MWp open access solar power plant in Uttar Pradesh’s Mahoba district. The project will help in providing 23.5 million units of clean energy on an annual […]
Salasar Techno Engineering Limited has secured its first international engineering, procurement, and construction (EPC) order worth Rs 1.43 billion from Nepal Electricity Authority (NEA). The order is for procurement of material equipment, associated accessories and […]
Adani Group has filed an offer letter with stock exchanges for a proposed Rs 200 billion follow-on public offer (FPO). The FPO of Adani Enterprises Limited (AEL) is planned to open on January 27, 2023 […]
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