Author: PPD Team Date: January 20, 2025
AZAD Engineering Limited has entered a long-term agreement with GE Vernova International LLC, USA, to supply advanced rotating and stationary airfoils for gas turbine engines.
Valued at approximately USD 112 million, the agreement will support GE Vernova’s global power generation needs and further solidify the strategic partnership between the two companies.
Author: PPD Team Date: June 11, 2025 REC Ltd has announced two major decisions following its board meeting held on June 4, 2025. First, the company plans to raise to Rs 1.55 trillion through private placement of unsecured or secured non-convertible debentures or bonds. This fundraising, subject to shareholder approval, will take place over the next year in one or more tranches, with clearances from the competent authority. Second, REC has proposed striking off “Rajgarh…
Author: PPD Team Date: December 30, 2025 Waa Solar Limited has announced that it has received a major Letter of Award (LOA) from M.P. Urja Vikas Nigam Limited (MPUVNL) for developing grid-connected solar power plants. The information was disclosed through a regulatory filing, stating that the project is valued at around Rs 225 crore and has been awarded by a state-owned power utility. According to the filing made under Regulation 30 of the Securities and…
Author: PPD Team Date: January 24, 2025 NHPC Limited and Andhra Pradesh Power Generation Corporation Limited (APGENCO) have formed a joint venture named “APGENCO NHPC Green Energy Limited.” The company was incorporated on January 23, 2025, with an equal equity participation of 50:50. The venture focuses on planning, promoting, and executing Pumped Storage Hydro Power Projects and Renewable Energy Projects, including solar, floating solar, and wind projects. Initially, five projects are planned: Yaganti Pumped Storage…
Author: PPD Team Date: December 16, 2024 Andhra Pradesh has launched its Sustainable Electric Mobility Policy 4.0 (2024-2029) to establish itself as a global hub for electric vehicle (EV) manufacturing and achieve carbon neutrality (Scope 1 emissions) by 2047. The policy targets the registration of 200,000 electric two-wheelers, 10,000 electric three-wheelers, and 20,000 four-wheeler battery EVs, along with a robust charging infrastructure featuring stations every 30 km along green corridors and within a 3×3 km…
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: July 17, 2025 The Cabinet Committee on Economic Affairs (CCEA) has approved key exemptions and enhanced investment powers for NLC India Limited (NLCIL) and NTPC Limited to accelerate renewable energy capacity addition. NLCIL has been granted exemption from existing Navratna CPSE investment limits, enabling it to invest Rs 7,000 crore in its wholly owned subsidiary, NLC India Renewables Limited (NIRL). This includes further investments by NIRL in renewable energy projects directly…