Author: PPD Team Date: December 18, 2024
Kohlberg Kravis Roberts (KKR) has sold a 2.6 per cent stake in India Grid Trust through an open market transaction, valued at Rs 2.77 billion.
KKR’s affiliate, Esoteric II Pte, sold 20.1 million units at an average price of Rs 138.01 per unit.
Author: PPD Team Date: February 20, 2025 Transformers and Rectifiers India Limited (TARIL) secured a Rs 1,664.5 million contract from Hyosung T&D India Private Limited for the supply of single-phase coupling transformers. The contract was awarded on February 18, 2025, with completion expected by FY 2027. The projects will be executed through the tariff-based competitive bidding (TBCB) process. On February 17, 2025, TARIL’s subsidiary, TARIL Switchgear Private Limited, launched 245 kV high-voltage bushings, furthering the…
Author: PPD Team Date: November 11, 2024 India’s transition to renewable energy is encountering significant obstacles, according to a new report by Zero Carbon Analytics, as the country strives to meet its ambitious target of 500 GW of non-fossil fuel capacity by the early 2030s. Although renewable energy investment reached USD 12.4 billion in 2023, it is far from the USD 200 billion needed to achieve this goal. To stay on track, India needs to…
Author: PPD Team Date: April 17, 2025 Bajaj Electricals has partnered with Slovakia-based SEAK s.r.o. to enhance tunnel lighting systems across India. This collaboration focuses on delivering intelligent lighting control systems using SEAK’s patented powerline communication technology. Bajaj Lighting, a key player in India’s lighting industry, has expertise in indoor, outdoor, architectural, and tunnel lighting. The company has already implemented advanced lighting in projects like the Mumbai Coastal Road Tunnel. This new partnership with SEAK…
Author: PPD Team Date: September 24, 2025 The Ministry of Power has notified new regulations for Energy Storage Systems (ESS) through an amendment to the Electricity Rules, 2005. The rules, published in the Official Gazette under notification G.S.R. 688(E), took effect immediately. The amendment to Rule 18 allows ESS to function either as standalone facilities or as part of generation, transmission, or distribution networks. A range of entities can develop, own, lease, or operate such…
Author: PPD Team Date: December 4, 2024 Adani Saur Urja (KA) Limited, a wholly owned subsidiary of Adani Green Energy Limited (AGEL), has incorporated Adani Hydro Energy Four Limited (AHE4L) for renewable energy projects. AHE4L’s mandate includes the generation, development, distribution, transmission, and sale of electrical energy derived from wind, solar, and other renewable sources. In the previous week, AGEL, through Adani Saur Urja (KA) Limited, established four subsidiaries: Adani Hydro Energy One Limited (AHE1L), Adani…
Author: PPD Team Date: July 22, 2025 The Ministry of Coal (MoC) has launched a suite of measures to modernise the coal industry, reduce import reliance and restore mined lands, reported the Press Information Bureau (PIB). Union Minister Shri G. Kishan Reddy provided details in a written reply to the Rajya Sabha. The ministry approved an incentive scheme of Rs 85 billion on January 24, 2024, to support coal and lignite gasification in both public…