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HomeNewsPrivate Sector

Private Sector

Private Sector

IndiGrid records a profit of Rs 1,197.86 million in the quarter ended December 2022

January 27, 2023

India Grid Trust (IndiGrid) has recorded a net profit of Rs 1,197.86 million for the quarter ended December 2022, as compared to the net profit of Rs 943.81 million recorded in the same quarter of […]

Private Sector

Vedanta set to acquire Meenakshi Energy for Rs 14.40 billion

January 24, 2023

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. […]

Private Sector

Indigrid to acquire 100 per cent shareholding in Khargone Transmission

January 24, 2023

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 […]

Private Sector

Sterlite Power bags orders worth Rs 38 billion from April to December 2022

January 24, 2023

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 […]

Private Sector

JSW Energy records a profit of Rs 1.87 billion in the quarter ended December 2022

January 24, 2023

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 […]

Private Sector

IEX records a profit of Rs 772.16 million in the quarter ended December 2022

January 24, 2023

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 […]

Private Sector

Tata Power to install public EV charging points at GAIL Gas’ CNG stations in Bengaluru

January 24, 2023

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 […]

Private Sector

Maharashtra government approves M&M proposal to set up Rs 100 billion EV plant in Pune

January 22, 2023

According to Mahindra & Mahindra (M&M),  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 […]

Private Sector

KPI Green Energy commissions 25 MW solar power project

January 22, 2023

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 […]

Private Sector

JSW Energy receives LoA for 500MW/1,000MWh BESS from SECI

January 19, 2023

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 / […]

Private Sector

Adani Green Energy arm to acquire 50 per cent equity in Essel Saurya Urja Company of Rajasthan

January 19, 2023

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 […]

Private Sector

Sunsure Energy inaugurates 15 MWp solar power plant in Uttar Pradesh

January 19, 2023

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 […]

Private Sector

Salasar Techno Engineering wins Rs 1.43 billion EPC contract from Nepal Electricity Authority

January 19, 2023

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 […]

Private Sector

Adani files for Rs 200 billion FPO

January 19, 2023

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 […]

Private Sector

Amp Energy signs PPA for 200 MWp wind-solar hybrid project

January 19, 2023

Amp Energy India has signed a power purchase agreement (PPA) for a 200 MWp wind-solar hybrid project with the Solar Energy Corporation of India (SECI). The developer was awarded this capacity as part of SECI’s […]

Private Sector

L&T partners with H2Carrier to develop floating green hydrogen and green ammonia projects

January 19, 2023

Larsen & Toubro (L&T) has signed a memorandum of understanding (MoU) with the Norway-based H2Carrier (H2C) to cooperate towards developing floating green ammonia projects for industrial-scale applications with an aim to decarbonise the global economy. […]

Private Sector

Rays Power Infra commissions 275 MW (DC) solar PV project in Bangladesh

January 18, 2023

Rays Power Infra Private Limited has announced the commissioning of a 275 MW (DC) grid-connected solar power plant in Sundarganj, Gaibandha, Bangladesh. Spread over 600 acres of land, the project will offset over 375 billion […]

Private Sector

Cleantech Solar commissions 40 MWp solar PV projects for a global industrial manufacturing giant at its 280 MWp solar park in Tamil Nadu

January 18, 2023

Cleantech Solar has commissioned 40 MWp of solar photovoltaic (PV) projects for a global industrial manufacturing giant at its 280 MWp solar park in Tamil Nadu. The off-taker will procure power from this solar park […]

Private Sector

Mufin Green Finance partners with IREDA to drive EV penetration in India

January 18, 2023

Mufin Green Finance Limited has partnered with Indian Renewable Energy Development Agency (IREDA) to strengthen its retail electric vehicle (EV) portfolio for two and three-wheelers (mainly e-rickshaw and e-auto vehicles) pan India. Muffin Green Finance […]

Private Sector

Tata Power announces plan for setting up EV charging points

January 15, 2023

Tata Power has announced K2K PLAN (Kashmir to Kanyakumari) for nation wide setting up of electric vehicle (EV) charges. The ambitious plan aims to install around 25,000 EV charging points over the next 5 years […]

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