Author: PPD Team Date: November 5, 2024
Refex Green Power Limited (RGPL), a wholly-owned subsidiary of Refex Renewables & Infrastructure Limited, has acquired the remaining 51% equity stake in Sherisha Solar SPV Two Private Limited.
This acquisition increases RGPL’s ownership to 100%, making Sherisha Solar SPV Two a fully-owned step-down subsidiary.
Author: PPD Team Date: March 11, 2026 India became the world’s largest wind market outside mainland China in 2025, surpassing the United States and Germany, according to BloombergNEF’s (BNEF) Global Wind Turbine Market Shares report. The report states that global wind capacity additions reached a record 169 GW in 2025, marking a 38% increase compared with 2024 and the third consecutive year of record installations. Siddharth Shetty, lead wind analyst for India at BNEF, said…
Author: PPD Team Date: November 4, 2024 UK-based asset manager Intermediate Capital Group (ICG) has partnered with South Korean energy firm ST International (STI) to acquire a 50% stake in Revent Energy, with STI retaining the other half. This collaboration aims to strengthen Revent Energy’s onshore wind development strategy in South Korea, targeting 500 MW of installed capacity by 2029 through project acquisition, construction, ownership, and operation. Revent Energy currently holds stakes in two wind…
Author: PPD Team Date: March 9, 2026 SJVN Limited has concluded its 600 MW interstate transmission system (ISTS)-connected wind power auction, awarding capacity to four developers at tariffs ranging from Rs 3.64 to Rs 3.65 per kWh. KPI Green Energy Limited secured the largest share of the auction with 300 MW at a tariff of Rs 3.64 per kWh. Under the auction results, Urdhvaga was awarded 120 MW and Adyant secured 110 MW, both at…
Author: PPD Team Date: September 12, 2025 Kalpataru Projects International Limited (KPIL) has won new orders worth Rs 27.2 billion across its power transmission and distribution (T&D) business. The contracts include T&D projects in both domestic and international markets, along with orders in the buildings and factories segment in India. For the first quarter of FY 2025-26, KPIL reported revenue of Rs 6,187.52 crore. Net profit stood at Rs 213.59 crore, while EBITDA was Rs…
Author: PPD Team Date: December 3, 2025 NLC India Limited has named Shri Rajesh Pratap Singh Sisodia as its Director of Planning and Projects, with effect from 02 December 2025. He took charge at the company’s Neyveli headquarters. Shri Sisodia brings more than 35 years of experience, largely from Bharat Heavy Electricals Limited, where he last served as Executive Director. His background covers design, site construction, and project management for major EPC projects across the…
Author: PPD Team Date: October 14, 2025 Jindal Power Limited has entered into an agreement to acquire the 1,350 MW Jhajjar Power Project in Haryana from Apraava Energy. The transaction involves the transfer of all paid-up share capital of Jhajjar Power Limited (JPL), a wholly owned subsidiary of Apraava Energy, to Jindal Jhajjar Power Limited, a subsidiary of Jindal Power. The acquisition also includes Apraava Renewable Energy Private Limited and Kohima-Mariani Transmission Limited. The deal…