Purvah Green Power Private Limited (PGPPL), a wholly owned subsidiary of CESC Limited, has signed a share purchase agreement (SPA) to acquire a 100 per cent stake in Deshraj Solar Energy Private Limited.Â
Upon completion, Deshraj Solar Energy will become a step-down subsidiary of CESC. This acquisition aligns with CESC’s strategy to expand its presence in the renewable energy sector.
Adani Renewable Energy Fifty Seven Limited, a wholly-owned subsidiary of Adani Green Energy Limited (AGEL), has begun commercial operations of a 275 MW solar power project in the Khavda Wind-Solar Hybrid Renewable Energy Power Park. The project is located in the Rann of Kutch district of Gujarat and is part of the larger 30,000 MW…
Solarworld Energy Solutions has signed a Battery Energy Storage Purchase Agreement with Gujarat Urja Vikas Nigam Limited for a 200 MW or 400 MWh battery energy storage system in Gujarat. The EPC contract is valued at about Rs 806.4 crore, excluding taxes, and will be delivered over 12 years. The award was made under the…
Power Grid Corporation of India Limited (POWERGRID) has completed the acquisition of Davanagere Power Transmission Limited (DPTL). POWERGRID was declared the successful bidder for the “Transmission system strengthening at Davanagere for integration of renewable energy generation” project under the TBCB route. The company received the Letter of Intent on 27 August 2025.  The acquisition of…
The Ministry of Power has updated its guidelines for compensation related to the right of way (RoW) for transmission lines. The aim is to bring uniformity, streamline procedures, and ensure timely resolution of land acquisition issues in transmission projects. New compensation structure The revised guidelines introduce a two-part compensation mechanism. Landowners will receive: 100% compensation…
Quality Power Electrical Equipments Limited has executed a term sheet to acquire 100% of the equity share capital of Winwin Speciality Insulators Limited (WSIL), a Visakhapatnam-based manufacturer of high-voltage ceramic and polymeric insulators. The proposed transaction carries an enterprise value of around Rs 315 crore and is expected to be completed within three months, subject…
NTPC has outlined an ambitious plan to invest Rs 5 trillion in green energy by 2030, led by its renewable energy subsidiary, NTPC Green Energy Ltd. (NGEL). To support its projects, NGEL is set to launch an initial public offering (IPO) worth Rs 100 billion, focusing on renewable energy generation, green hydrogen, sustainable fuels, and…