Author: PPD Team Date: December 20, 2024
Jindal Saw Limited has signed a share purchase agreement (SPA) to acquire a 31.20% equity stake in ReNew Green MHH One Private Limited (RGMHH), making RGMHH an associate company.
RGMHH focuses on renewable energy generation but has not yet commenced operations. The acquisition aims to secure electricity at concessional rates and is expected to be completed by May 2025.
Author: PPD Team Date: March 24, 2026 Adani Green Energy Limited (AGEL) has operationalised 510.1 MW of renewable energy capacity in Khawda, Gujarat, the company informed stock exchanges on March 24, 2026. The commissioned capacity includes solar, wind, and hybrid projects developed through multiple step-down subsidiaries. Following this addition, AGEL’s total operational renewable energy capacity has reached 17,982.3 MW. Project details According to the regulatory filing, the company took a decision at 10:58 p.m. on…
Author: PPD Team Date: October 24, 2024 PFC Consulting Ltd (PFCCL) has formed a wholly-owned subsidiary named “Gadag II and Koppal II Transmission Ltd” on October 21, 2024, as a special purpose vehicle (SPV) for an interstate transmission system (ISTS) scheme in Karnataka. The project, titled “System strengthening at Koppal-II and Gadag-II for integration of RE generation projects,” is aimed at enhancing capacity at the Koppal-II and Gadag-II pooling stations to support growing renewable energy…
Author: PPD Team Date: March 20, 2026 Bluspring Enterprises Limited has agreed to acquire 100% of STEAG Energy Services India Private Limited, expanding its presence in power sector operations and maintenance (O&M). The transaction will add nearly 7 GW of managed assets and close to 2,000 specialists to Bluspring’s portfolio. The acquisition will be carried out through Bluspring’s wholly owned subsidiary, Bluspring New Horizon One Private Limited. STEAG India is currently a wholly owned subsidiary…
Author: PPD Team Date: December 1, 2025 Waaree Energies Ltd has reported a new supply order for 140 MW of solar modules. The order has been placed by a renowned customer involved in owning, developing, and operating renewable power projects in India. Waaree stated that the supply will be completed within the 2025 to 2026 financial year. The company noted that the contract is a one time domestic order and does not involve any related…
Author: PPD Team Date: November 18, 2025 INOX Air Products has entered a long-term on-site gas supply agreement with Grew Energy Private Limited for its 3 GW solar PV cell plant in Narmadapuram, Madhya Pradesh. INOX Air Products will supply ultra-high-purity nitrogen required for precision cell manufacturing. The company will also build a dedicated pipeline from its existing air separation unit in Narmadapuram to the Grew Energy facility. Earlier this month, INOX Air Products signed…
Author: PPD Team Date: December 18, 2024 RMC Switchgears has received a letter of acceptance (LoA) from a system integrator for the supply, installation, and commissioning of 5,000 solar pumps in Maharashtra. The project, valued at Rs 900 million, includes 3HP, 5HP, and 7HP solar pump systems, with completion expected by FY26. This follows RMC’s decision to invest Rs 1,000 million in establishing a solar module manufacturing plant in Jaipur, Rajasthan, aimed at reducing reliance…