Author: PPD Team Date: November 13, 2024
The Government of Rajasthan signed a Memorandum of Understanding (MoU) with RMC Switchgears Limited on November 9, 2024, to set up a 1,000 MW Ultra Mega Solar Park Project (UMSPP) with an integrated Battery Energy Storage System (BESS).
The project is slated for completion by 2026.
Author: PPD Team Date: November 8, 2024 Inox Wind Limited has announced a net profit of Rs 902.2 million for the quarter ending September 2024, contrasting with a loss of Rs 292.3 million in the same quarter last year. Total income rose significantly, increasing by 93 percent to Rs 7,417.4 million, compared to Rs 3,844 million in the same period the previous year.
Author: PPD Team Date: July 4, 2025 On 1 July 2025, the Office of the Principal Scientific Adviser released a report on “ZET Adoption in India and Its Impact on Emission and Energy.” It focuses on transitioning Medium and Heavy-Duty Trucks (M&HDTs) to Battery Electric Trucks (BETs). Freight trucks handle 70% of India’s logistics and consume 40% of its fuel. The report says shifting to BETs can sharply reduce emissions and fuel demand by mid-century….
Author: PPD Team Date: March 20, 2026 UltraTech Cement Limited has agreed to acquire a 26.18% equity stake in Sunsure Solarpark Seven Private Limited, which is developing a 60 MWp DC / 40 MW AC solar project with integrated battery storage in Charkhari, Uttar Pradesh. The company will invest up to Rs 19.20 crore in cash for the stake. The acquisition was disclosed on March 18, 2026 to BSE and NSE under Regulation 30 of…
Author: PPD Team Date: June 11, 2025 IndiGrid has signed definitive agreements to acquire two operational infrastructure assets from ReNew Power in separate transactions. The combined enterprise value of the deals stands at approximately Rs 21.75 billion, including net working capital and cash adjustments. The first acquisition is a 300 MW AC solar power project located in Barmer, Rajasthan. The project—ReNew Solar Aayan Private Limited—was commissioned in March 2024 under SECI Tranche-IX. It operates under…
Author: PPD Team Date: November 28, 2025 Tata Power Company Ltd has outlined a plan to set up a 10 GW ingot and wafer manufacturing facility in Odisha with an investment of Rs 10000 crore. The project is intended to expand the company’s solar manufacturing base and support its upstream supply chain. The company said ingots and wafers serve as core inputs for solar cells, solar modules and semiconductor chips. Tata Power’s existing cell and…
Author: PPD Team Date: March 30, 2026 NTPC Limited approved two major investment proposals at its board meeting on March 28, 2026, committing a combined Rs 8,995.57 crore across battery energy storage and thermal power expansion. Battery energy storage system NTPC approved an investment of Rs 5,821.90 crore for a battery energy storage system (BESS) with a total capacity of 4.70 GWh. The approved capacity forms part of NTPC’s broader storage expansion target of 22…