Shakti Pumps Limited has invested Rs 40 million in its wholly owned subsidiary, Shakti Energy Solutions Private Limited (SESPL), by subscribing to 40 million equity shares with a face value of Rs 1 each.
The investment aims to expand SESPL’s business operations to align with Shakti Pumps’ growth strategy.
NTPC Renewable Energy Limited has commenced commercial operations of the final 60 MW at Limbdi, Gujarat, under the 150 MW Gujarat Solar PV Project – Phase XII. With this, the full capacity of the project is now operational. The project, awarded under Phase XII of Gujarat Urja Vikas Nigam Limited (GUVNL), is spread across three…
The International Finance Corporation (IFC) and India Grid Trust (IndiGrid) have partnered to develop a 180 MW/360 MWh standalone battery energy storage system (BESS) project in Gujarat. IFC has committed $55 million (Rs 4.6 billion approx.) in long-term financing to the project through listed non-convertible debentures. This includes $38.5 million from IFC’s account and $16.5…
Schneider Electric Infrastructure Limited (SEIL) recorded its highest-ever quarterly order intake of Rs 915 crore in the first quarter ended June 30, 2026, supported by strong demand from established businesses and emerging segments such as data centres and semiconductors. Revenue for Q1 FY27 stood at Rs 651 crore, up 4.8% year-on-year (YoY) and 10.4% from…
I Squared Capital has launched Cube Grid, a $1 billion platform focused on investing in India’s power transmission sector. The Miami-headquartered firm said the platform will build and acquire transmission infrastructure assets to support rising electricity demand and grid expansion requirements in India. I Squared Capital has signed definitive agreements for seed assets comprising more…
Tata Power-led Odisha discoms have launched a one-kilowatt rooftop solar scheme under the Utility-Led Aggregation (ULA) Model of the PM Surya Ghar Muft Bijli Yojana. The scheme enables households to adopt rooftop solar at a reduced upfront cost of Rs 5,000 against the standard Rs 65,000-Rs 75,000. Central and state subsidies of Rs 30,000 and…
Shakti Pumps (India) Limited has received a letter of empanelment from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for supplying and installing off-grid solar photovoltaic water pumping systems across Maharashtra, with a total order value of about Rs 155.24 crore, inclusive of GST. The project has been awarded under the Magel Tyala Saur Krushi Pump…