Author: PPD Team Date: January 6, 2025
REC Limited disbursed Rs 546.92 billion in loans during Q3 FY25, marking a 17.98% year-on-year increase. Renewable energy loan disbursements grew by 58.09% to Rs 63.14 billion.
For the first nine months of FY25, REC disbursed Rs 1,456.47 billion, a 19.30% rise from Rs 1,220.89 billion in FY24. Renewable energy loans during this period totalled Rs 176.12 billion, reflecting a 78.68% year-on-year growth.
Author: PPD Team Date: September 19, 2025 Prime Minister Narendra Modi will lay the foundation stone for the Mahi-Banswara Nuclear Power Plant in Rajasthan on September 25. He will also inaugurate and dedicate projects worth over Rs 1.21 lakh crore, including clean energy initiatives. The nuclear project marks NTPC Limited’s entry into the atomic energy sector. The Mahi-Banswara Rajasthan Atomic Power Plant will be developed through a joint venture between Nuclear Power Corporation of India…
Author: PPD Team Date: June 19, 2025 India’s solar manufacturing capacity is set to expand significantly with new projects announced by Saatvik Solar Industries, Solarium Green Energy, and Ahaan Solar. Saatvik Solar Industries Private Limited, a wholly owned subsidiary of Saatvik Green Energy Limited (SGEL), has begun work on a 4 GW solar photovoltaic (PV) module manufacturing plant in Odisha. This is part of an integrated plan that also includes a 4.8 GW solar cell…
Author: PPD Team Date: June 13, 2025 The Government of India is planning to invest Rs 900 billion in setting up undersea power transmission cables to the Middle East. The proposed investment includes Rs 470 billion for the India–Saudi Arabia interconnection and Rs 430 billion for the India–UAE interconnection. These sub-sea links are part of a broader regional power integration strategy. Other proposed interconnections include India–Sri Lanka (1,000 MW over 120 km), Odisha (Paradeep)–Andaman (500…
Author: PPD Team Date: December 13, 2024 The Government of Nagaland has unveiled its Intra-State Transmission Plan for 2032 to address a 510 MVA capacity gap in the state’s power infrastructure. The project includes the construction of nine 132/33 kV substations and 476 km of transmission lines. The estimated investment for the initiative stands at Rs 11.5 billion.
Author: PPD Team Date: March 11, 2025 SJVN Ltd. has signed a Memorandum of Understanding (MoU) with the Government of Chhattisgarh to develop an 1,800 MW pumped hydro storage project (PSP) at Kotpali, with an estimated investment of Rs 95 billion. Located in the Balrampur district, the off-stream closed-loop Kotpali PSP will have an installed capacity of 1,800 MW, generating approximately 3,967 million units (MU) of energy annually. The project is expected to create 5,000…
Author: PPD Team Date: September 3, 2025 GK Energy Ltd, a solar-powered agricultural water pump systems provider, has raised Rs 100 crore in a pre-initial public offering (IPO) funding round. The investment came from Valuequest, 360 One (formerly IIFL Wealth), and Kotak AIF, among others. According to the company’s notice, 65.36 lakh equity shares were allotted at Rs 153 each through a private placement, representing 3.70 per cent of its pre-offer equity capital. Of this,…