Author: PPD Team Date: October 24, 2024
Gensol Engineering Limited has incorporated three new subsidiaries: Innogrid Energy Private Limited, Hari Shakti Energy, and Shakti Sangini Energy Private Limited.
Gensol has subscribed to 10,000 equity shares in each subsidiary, representing 100 percent of their total share capital, with an investment of Rs 100,000 per company. These subsidiaries are now wholly-owned by Gensol Engineering.
Author: PPD Team Date: January 12, 2026 India has taken a step towards creating a unified digital identification and traceability framework for batteries with the release of draft Guidelines for Implementation of Battery Pack Aadhaar System. The draft has been prepared by a committee constituted by the Ministry of Road Transport and Highways (MoRTH) and proposes a standardised digital record for tracking batteries across their entire lifecycle. The proposed Battery Pack Aadhaar (BPAN) is designed…
Author: PPD Team Date: January 20, 2026 BluPine Energy, a renewable energy platform owned by private equity firm Actis, has secured a Rs 5,400 crore long-term loan facility underwritten by Axis Bank. The funding will be used to refinance existing debt across the company’s portfolio of operational renewable energy projects. The loan facility carries an interest rate of around 7.70% and has a tenor ranging from 16 to 20 years. It is secured against BluPine…
Author: PPD Team Date: June 6, 2025 Techno Electric & Engineering Company Ltd has received a letter of intent from RailTel Corporation of India to develop a 10 MW data centre in Noida, Uttar Pradesh. The facility will be built on RailTel-owned land. The award is subject to conditions outlined in the letter of intent and will proceed upon signing of a formal agreement. Techno was selected through an open tender and will serve as…
Author: PPD Team Date: November 6, 2024 India is overhauling its electricity demand forecasting approach to better align generation capacity with actual needs and support grid stability amid growing clean energy volumes. The Central Electricity Authority (CEA) is collaborating with weather agencies for enhanced environmental data and plans to increase forecast frequency, transitioning from assessments every five years to a two-year and eventually annual schedule, according to Chairperson Ghanshyam Prasad. Rising usage of intermittent solar…
Author: PPD Team Date: October 29, 2025 Viviana Power Tech Limited has received a letter of intent from Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) to develop a 100 MW/200 MWh standalone battery energy storage system (BESS) across Bhopalgarh and Jodhpur in Rajasthan. The project is part of RRVUNL’s 1,000 MW/2,000 MWh BESS tender issued under the second viability gap funding (VGF) scheme. The company will implement the project under a build-own-operate model at an…
Author: PPD Team Date: December 30, 2024 Hero Future Energies (HFE) has commissioned a 29 MW solar power project in Chitradurga, Karnataka, which will generate 33 million units of clean energy annually and reduce carbon dioxide emissions by 31,624 tonnes each year. This open-access solar project caters to the Commercial and Industrial (C&I) sector’s energy needs. Srivatsan Iyer, Global CEO of HFE, highlighted the project’s role in expanding the company’s footprint in Karnataka and supporting…