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.
Tata Power Renewable Energy Limited (TPREL) commissioned 752 MW of solar capacity in the first quarter of 2025-26, more than doubling its Q1 addition from last year. This marks a 112 per cent increase from the 354 MW commissioned in Q1 2024-25. With this, TPREL’s total operational utility-scale capacity has reached 5.6 GW, comprising 4.6…
The Supreme Court of India has dismissed Indian Railways’ appeal and upheld the judgment of the Appellate Tribunal for Electricity (APTEL), ruling that the national transporter does not qualify as a deemed distribution licensee under the Electricity Act, 2003. The decision confirms that Indian Railways is liable to pay Cross-Subsidy Surcharge (CSS) and Additional Surcharge…
Power Grid Corporation of India Limited (PGCIL) has awarded two major contracts valued at over Rs 14 billion to Toshiba Transmission & Distribution Systems (India) Private Limited and Advait Energy Transitions Limited. Toshiba has secured a contract worth Rs 5.67 billion under the 400kV Transformer Package-4TR-07-BULK. The order includes procurement of 20 units of 500…
Electricity generation from solar and wind power globally exceeded gas-fired generation for the first time on record in April 2026, according to data analysed by British energy think tank Ember. Combined electricity generation from wind and solar reached 531 terawatt-hours (TWh) during the month, accounting for 22% of global electricity generation. In comparison, gas-fired power…
Several power sector companies have released their unaudited financial results for the second quarter (Q2) of FY 2025-26, showing varied performance across the sector. REC Limited posted a net profit of Rs 44.14 billion for Q2 FY 2025-26, up 9.3% from Rs 40.38 billion a year earlier. Total income rose 10.8% to Rs 151.53 billion,…
Greg Skinner, a private investor, has acquired a 50% share of Ethical Power Group from Hive Energy. As part of the deal, Skinner will provide an additional £15 million working capital loan to support the company’s continued growth. Skinner will also join the Ethical Power Group board. Ethical Power, founded in 2010, is a global…