Rajesh Power Services Ltd (RPSL) has filed its draft red herring prospectus (DRHP) with BSE SME for an initial public offering (IPO). The IPO includes a fresh issue of 2.79 million equity shares, each with a face value of Rs 10, and an offer for sale of up to 2 million equity shares, also with a face value of Rs 10, through the book-building route. The selling shareholders include Beena Panchal, Krunal Panchal, Nehal Panchal,…
Power Grid Corporation of India Ltd (PGCIL) has been named the successful bidder for developing a mega Inter-State Transmission System (ISTS) project utilizing HVDC technology. The project, known as the “Evacuation of power from potential renewable energy zone in Khavda area of Gujarat under Phase-V (8 GW): Part A,” will be established on a build, own, operate, and transfer (BOOT) basis. The letter of intent (LoI) was received on October 28, 2024. The project, housed…
KEC International has secured new orders worth Rs 11.42 billion across its various business segments: Transmission & Distribution (T&D): Orders for projects in the Middle East and Americas, including a 380 kV transmission line in Saudi Arabia and the supply of towers, hardware, and poles in the Americas. Railways: An order for constructing bridges and associated works for a railway line in India’s conventional segment. Cables: Orders for the supply of various types of cables…
Vedanta Group’s Serentica Global has announced plans to develop renewable energy projects totalling 10 GW in Andhra Pradesh. Company officials shared their plans with Nara Lokesh, the State Minister for Education, IT, and Electronics. The Minister highlighted Andhra Pradesh’s goal of achieving 72 GW of renewable energy capacity by 2030 and invited corporations and investors to contribute to this initiative. These large-scale projects are expected to create significant employment opportunities within the state.