Author: PPD Team Date: January 21, 2025
Dalmia Cement (Bharat) Limited (DCBL), a subsidiary of Dalmia Bharat Limited, has signed a share subscription and shareholders agreement (SSSHA) to acquire a 26% equity stake in Solis Urja Energy Private Limited.
The acquisition involves the purchase of 1,750,000 equity shares worth Rs 17.5 million, to be completed in one or more tranches.
Author: PPD Team Date: February 25, 2026 Exide Industries Limited has infused a further Rs 100 crore into its wholly owned subsidiary, Exide Energy Solutions Limited (EESL), through a rights issue subscription. The investment was announced on February 24, 2026, taking the parent company’s total contribution to the lithium-ion battery venture to Rs 4,352.23 crore while retaining a 100 % stake. The capital infusion involves subscription to 2.5 crore equity shares with a face value…
Author: PPD Team Date: February 10, 2025 Waaree Renewable Energy Technologies Limited, formerly Sangam Renewables Limited, has won a contract from Mahindra Susten to supply solar modules for the 200 MW/280 MWp Rajasthan Solar Power Project (RUVNL). Under the contract, Waaree will supply its ELITE series, n-type TopCon 580Wp solar modules for the project. Mahindra Susten secured the 200 MW capacity in May 2023 by quoting a tariff of Rs 2.61 per kWh under Rajasthan…
Author: PPD Team Date: December 4, 2024 Portland General Electric (PGE) has entered a power purchase agreement (PPA) with Avangrid, a member of the Iberdrola Group, to procure power from the 120 MWac (166 MWdc) Tower Solar project in Morrow County, Oregon. Scheduled for completion in 2026, Tower Solar will be Avangrid’s sixth solar facility and 17th power generation project in Oregon, where the company operates 1.6 GW of wind and solar capacity. The project…
Author: PPD Team Date: December 3, 2025 NLC India Limited has named Shri Rajesh Pratap Singh Sisodia as its Director of Planning and Projects, with effect from 02 December 2025. He took charge at the company’s Neyveli headquarters. Shri Sisodia brings more than 35 years of experience, largely from Bharat Heavy Electricals Limited, where he last served as Executive Director. His background covers design, site construction, and project management for major EPC projects across the…
Author: PPD Team Date: January 21, 2026 Rajgarh III Power Transmission Limited, a project-specific special purpose vehicle (SPV), has been struck off the Register of Companies, effective January 20, 2026. The entity was a wholly owned subsidiary of REC Power Development and Consultancy Limited (RECPDCL), which in turn is a subsidiary of REC Limited. The dissolution follows a decision announced by REC in June 2025 to consolidate two transmission projects in Madhya Pradesh. Rajgarh III…
Author: PPD Team Date: November 22, 2024 NTPC Green Energy Limited (NGEL) and the New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) have formed a joint venture to invest Rs 1,870 billion in renewable energy projects across Andhra Pradesh. The partnership targets the development of 25 GW of solar, wind, and hybrid energy projects, 10 GW of pumped hydro storage, and the production of 0.5 MTPA of green hydrogen, ammonia, and methanol. The…