Author: PPD Team Date: December 27, 2024
Avaada Energy Private Limited plans to raise Rs 84 billion (USD 1 billion) in debt by March 2025 to fund its wind, solar, and other renewable projects.
Equity for these projects has already been secured.
The company also intends to develop pumped storage projects (PSPs) in Rajasthan and Odisha.
Author: PPD Team Date: January 3, 2025 The US Nuclear Regulatory Commission (NRC) has approved the renewal of Xcel Energy’s Monticello nuclear plant operating licence, extending its operations until 2050, pending state regulator approval. The plant is a key component of Xcel Energy’s strategy to achieve 100% carbon-free electricity. It currently powers over 500,000 homes annually in the Upper Midwest. Xcel Energy CEO Bob Frenzel highlighted that nuclear energy will be crucial for meeting growing…
Author: PPD Team Date: September 12, 2024 Tata Electronics has signed a memorandum of understanding (MoU) with ASMPT Singapore to establish semiconductor assembly equipment infrastructure for its chip packaging units in Assam and Karnataka. This partnership will enhance workforce training, service engineering infrastructure, automation, and R&D in advanced packaging technologies like wirebond, flip chip, and integrated system packaging. ASMPT will support Tata Electronics in preparing for its semiconductor assembly and test facilities in Vemagal, Karnataka,…
Author: PPD Team Date: January 28, 2026 Indian Oil Corporation Ltd. (IOC) has outlined plans to invest around Rs 1 lakh crore to build an 18 GW green energy portfolio by 2030. The state-owned refiner aims to acquire up to 12 GW of renewable energy capacity and develop another 6 GW organically. Its green energy subsidiary, Terra Clean Ltd., is targeted for a public listing by 2027-28. According to statements by IOC Chairman A S…
Author: PPD Team Date: January 22, 2026 Rays Power Infra Ltd has won a 300 MW renewable energy project valued at Rs 1,912 crore from a state-owned entity. The award increases the company’s total order book to over Rs 8,000 crore, as it moves ahead with preparations for a potential public listing. The project will be developed at an upcoming renewable energy park in Karnataka and is scheduled for completion within three years. It will…
Author: PPD Team Date: December 18, 2025 Emmvee Photovoltaic Power Limited announced on 17 December 2025 that its wholly owned subsidiary, Emmvee Energy Private Limited, has received a possession certificate for 100 acres of land from the Karnataka Industrial Areas Development Board (KIADB). On the same day, the subsidiary also agreed to invest Rs 8.544 crore in a special purpose vehicle for a renewable energy project. The steps are aimed at strengthening backward integration and…
Author: PPD Team Date: September 10, 2025 Tata Power and Tata Passenger Electric Mobility Limited have opened a large-scale electric vehicle (EV) charging hub in Mumbai under the TATA.ev MegaCharger initiative. The launch took place on World EV Day and marks the companies’ first co-branded charging facility in the city. The hub is located near Terminal 2 of Chhatrapati Shivaji Maharaj International Airport at The Leela Mumbai Hotel. It is equipped with eight fast direct…