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RECPDCL incorporates three new transmission subsidiaries
REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has incorporated three new wholly owned subsidiaries to serve as project-specific Special Purpose Vehicles (SPVs) for upcoming transmission infrastructure projects. 1) Umred Power Transmission Limited Umred Power Transmission Limited was incorporated on July 7, 2025 to execute the intra-state transmission project…
Power Mech wins O&M contract for Jaypee Nigrie plant
Power Mech Projects Limited has secured a Rs 1.86 billion contract from Jaiprakash Power Ventures Limited (JPVL) to provide operation and maintenance (O&M) services for the 2×660 MW Jaypee Nigrie super thermal power plant in Madhya Pradesh. The contract covers five years, with a first-year value of Rs 31 million per month. From January 2026,…
Sterling and Wilson sets up a new subsidiary in Romania
Sterling and Wilson Renewable Energy Limited has formed a new step-down subsidiary in Romania as part of its international project development strategy. The company said its Dubai-based subsidiary, Sterling and Wilson International Solar FZCO, incorporated Sterling and Wilson Renewable Energy S.R.L on 08 December 2025. The company stated that the Romanian subsidiary will focus on…
TPG-led consortium to acquire Aseem Infrastructure Finance
TPG has signed definitive agreements to acquire a 100% stake in Aseem Infrastructure Finance alongside co-investors GIC and ICICI Bank. The investment will be made through TPG Rise Climate, the firm’s dedicated climate investing platform, while ICICI Bank will retain up to a 5% stake in the company. The transaction remains subject to customary regulatory…
BiofuelCircle launches 8 new warehouses in Maharashtra
BiofuelCircle has established eight new warehouses near Mauda and Bhandara in Nagpur, Maharashtra, to support biomass aggregation. These facilities, equipped with advanced machinery like balers and rakers, aim to process 40,000 metric tonnes of paddy straw this season. The Mujbi Biomass Bank was inaugurated during an event attended by over 100 farmers, demonstrating agricultural waste…
Adani Solar emerges as India’s top global solar exporter
Adani Solar has reached a major manufacturing milestone, with total module shipments surpassing 15,000 MW across domestic and international markets. The company announced that it is the first and fastest Indian solar manufacturer to achieve this scale, reinforcing India’s growing presence in global solar manufacturing. Of the total shipments, 10,000 MW were supplied to projects…
