Author: PPD Team Date: December 19, 2024
Kalpataru Projects International Limited (KPIL) has successfully raised Rs 10 billion through a qualified institutional placement (QIP).
The proceeds will be used to strengthen the company’s balance sheet, improve financial flexibility, and support its growth initiatives.
Author: PPD Team Date: February 6, 2026 The Government of Karnataka has announced plans to develop a large scale Electric Vehicle (EV) City near Bengaluru to strengthen the state’s electric mobility and advanced battery technology ecosystem. The proposal was outlined during an industry consultation chaired by Karnataka Minister for Rural Development and Panchayat Raj Priyank Kharge. The meeting was attended by representatives from more than 30 electric vehicle and battery technology companies. The proposed EV…
Author: PPD Team Date: June 30, 2025 Fibe has launched a new rooftop solar financing solution aimed at middle-income households, especially in Tier 2 and Tier 3 cities. The digital lending platform is offering collateral-free loans of up to Rs 500,000 for residential rooftop solar systems. This new offering is designed to make solar more affordable. It covers 100 per cent of the project cost—including panels, installation, and other expenses. The entire application process is…
Author: PPD Team Date: June 18, 2025 The Central Electricity Regulatory Commission (CERC) has issued a draft of the first amendment to the Power Market Regulations, 2021. Dated 17 June 2025, the draft aims to reflect evolving market trends, including the rise of virtual contracts and the growing role of designated consumers under energy conservation laws. The amendment introduces and defines new concepts such as the Virtual Power Purchase Agreements (VPPA) and “VPPA price”. A VPPA…
Author: PPD Team Date: December 18, 2025 ACME Solar Holdings Limited has announced two developments aligned with its long-term growth strategy. On 17 December 2025, ACME Solar confirmed the appointment of Ayalur S Kumar as Chief Procurement and Supply Chain Officer. Kumar has over 30 years of experience in procurement, supply chain strategy, and operations across renewable energy, electric vehicle infrastructure, and the power sector. His previous roles include senior positions at Fortum, Skoda Power,…
Author: PPD Team Date: January 20, 2025 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 processing methods. GPS and telematics systems have been integrated to enhance collection and…
Author: PPD Team Date: December 4, 2024 The US Department of Commerce has announced preliminary antidumping tariffs ranging from 21.31% to 271.28% on crystalline solar cells imported from Cambodia, Malaysia, Thailand, and Vietnam. China’s JinkoSolar will face tariffs of 21.31% on products from Malaysia and 56.51% from Vietnam. Trina Solar products will incur 77.85% tariffs from Thailand and 54.46% from Vietnam. These measures are part of antidumping and countervailing duty investigations initiated by the American…