ACME commissions 90 MW solar projects in Rajasthan
Author: PPD Team Date: 13/01/2025
Author: PPD Team Date: 13/01/2025
ACME Dhaulpur Powertech Private Limited and ACME Raisar Solar Energy Private Limited, subsidiaries of ACME Solar Holdings Private Limited, commissioned a cumulative 90 MW solar power capacity at Sanwara village in Pokhran tehsil, Jaisalmer, Rajasthan, on January 7, 2025.
Author: PPD Team Date: 15/04/2025 Havells India Limited has signed a binding term sheet to invest Rs 6 billion in Goldi Solar Private Limited. This investment is part of Goldi Solar’s proposed fundraise of up to Rs 13 billion, expected to close within 75 days from the announcement. The move aligns with Havells’ broader strategy to grow its footprint in the renewable energy sector. It aims to offer integrated solutions across energy generation, storage, distribution,…
Author: PPD Team Date: 12/11/2024 Norwegian offshore wind firm Entrion Wind has obtained a US patent for its fully restrained platform (FRP) monopile, marking the first of six patent applications filed by the company. The FRP monopile, designed for water depths up to 100m, is set for commercial launch in 2027 and promises improved economics over other foundation systems, featuring Entrion’s top mooring assembly (TMA) for enhanced stability and efficient installation. Entrion co-founder and VP…
Author: PPD Team Date: 18/10/2024 Polycab India Ltd reported significant growth in its wire and cable business for Q2 FY25 (July to September). The company’s wire and cable revenue rose 23% year-on-year to Rs 46.07 billion, driven by favorable commodity prices and strong market demand. Domestically, the institutional segment surpassed distribution, and wires outperformed cables. Internationally, the business saw a 36% quarter-on-quarter increase, contributing 6.1% to Polycab’s total revenue. However, EBIT margins dropped to 12.3%,…
Author: PPD Team Date: 11/03/2025 Schneider Electric has partnered with South Bihar Power Distribution Company Limited (SBPDCL) to upgrade Bihar’s power distribution network, improving reliability and efficiency. As part of the project, Schneider Electric has set up a Command and Control Center and a Disaster Recovery Center, enabling real-time grid monitoring and better decision-making. The deployment also includes 305 Ring Main Units (RMUs) to strengthen power distribution and 550 Fault Passage Indicators (FPIs) on overhead…
Author: PPD Team Date: 10/07/2025 Shakti Pumps has completed its qualified institutions placement (QIP) issue, raising Rs 2.926 billion from institutional investors. The shares were issued at Rs 918.00 each, reflecting a 4.97 per cent discount to the Securities and Exchange Board of India’s floor price of Rs 965.96. The funds will be used to set up a greenfield manufacturing plant for high-efficiency solar DCR (domestic content requirement) cells and solar photovoltaic (PV) modules. The…
Author: PPD Team Date: 20/01/2025 The Central Electricity Regulatory Commission (CERC) has granted an interstate trading licence to REC Power Development & Consultancy Ltd (RECPDCL), a wholly-owned subsidiary of REC Ltd. The “Category I” licence allows RECPDCL to engage in interstate electricity trading across India for 25 years. This follows the public notice issued in December 2024, which received no objections, allowing CERC to finalize the licence. RECPDCL is also seeking to become a Project…
Author: PPD Team Date: 15/04/2025 Havells India Limited has signed a binding term sheet to invest Rs 6 billion in Goldi Solar Private Limited. This investment is part of Goldi Solar’s proposed fundraise of up to Rs 13 billion, expected to close within 75 days from the announcement. The move aligns with Havells’ broader strategy to grow its footprint in the renewable energy sector. It aims to offer integrated solutions across energy generation, storage, distribution,…
Author: PPD Team Date: 12/11/2024 Norwegian offshore wind firm Entrion Wind has obtained a US patent for its fully restrained platform (FRP) monopile, marking the first of six patent applications filed by the company. The FRP monopile, designed for water depths up to 100m, is set for commercial launch in 2027 and promises improved economics over other foundation systems, featuring Entrion’s top mooring assembly (TMA) for enhanced stability and efficient installation. Entrion co-founder and VP…
Author: PPD Team Date: 18/10/2024 Polycab India Ltd reported significant growth in its wire and cable business for Q2 FY25 (July to September). The company’s wire and cable revenue rose 23% year-on-year to Rs 46.07 billion, driven by favorable commodity prices and strong market demand. Domestically, the institutional segment surpassed distribution, and wires outperformed cables. Internationally, the business saw a 36% quarter-on-quarter increase, contributing 6.1% to Polycab’s total revenue. However, EBIT margins dropped to 12.3%,…
Author: PPD Team Date: 11/03/2025 Schneider Electric has partnered with South Bihar Power Distribution Company Limited (SBPDCL) to upgrade Bihar’s power distribution network, improving reliability and efficiency. As part of the project, Schneider Electric has set up a Command and Control Center and a Disaster Recovery Center, enabling real-time grid monitoring and better decision-making. The deployment also includes 305 Ring Main Units (RMUs) to strengthen power distribution and 550 Fault Passage Indicators (FPIs) on overhead…
Author: PPD Team Date: 10/07/2025 Shakti Pumps has completed its qualified institutions placement (QIP) issue, raising Rs 2.926 billion from institutional investors. The shares were issued at Rs 918.00 each, reflecting a 4.97 per cent discount to the Securities and Exchange Board of India’s floor price of Rs 965.96. The funds will be used to set up a greenfield manufacturing plant for high-efficiency solar DCR (domestic content requirement) cells and solar photovoltaic (PV) modules. The…
Author: PPD Team Date: 20/01/2025 The Central Electricity Regulatory Commission (CERC) has granted an interstate trading licence to REC Power Development & Consultancy Ltd (RECPDCL), a wholly-owned subsidiary of REC Ltd. The “Category I” licence allows RECPDCL to engage in interstate electricity trading across India for 25 years. This follows the public notice issued in December 2024, which received no objections, allowing CERC to finalize the licence. RECPDCL is also seeking to become a Project…
Author: PPD Team Date: 15/04/2025 Havells India Limited has signed a binding term sheet to invest Rs 6 billion in Goldi Solar Private Limited. This investment is part of Goldi Solar’s proposed fundraise of up to Rs 13 billion, expected to close within 75 days from the announcement. The move aligns with Havells’ broader strategy to grow its footprint in the renewable energy sector. It aims to offer integrated solutions across energy generation, storage, distribution,…
Author: PPD Team Date: 12/11/2024 Norwegian offshore wind firm Entrion Wind has obtained a US patent for its fully restrained platform (FRP) monopile, marking the first of six patent applications filed by the company. The FRP monopile, designed for water depths up to 100m, is set for commercial launch in 2027 and promises improved economics over other foundation systems, featuring Entrion’s top mooring assembly (TMA) for enhanced stability and efficient installation. Entrion co-founder and VP…