Author: PPD Team Date: 12/02/2025
Shakti Pumps Limited has set up a wholly owned subsidiary, Shakti EV Mobility Private Limited, with a consolidated investment of Rs 350 million through the subscription of 3,000,000 equity shares of Rs 10 each.
The new entity will focus on manufacturing, processing, trading, and distributing electric vehicle (EV) motors and charger controllers. The subsidiary aims to expand its presence in the EV mobility sector.
Author: PPD Team Date: 02/01/2025 NTPC Vidyut Vyapar Nigam Limited (NVVN), a subsidiary of NTPC Limited, has invited bids for the 50 MW Andaman & Nicobar Gas Power Project. Bids can be submitted until January 27, 2025. The project, based on gas engine power, will be implemented in the Andaman & Nicobar Islands with a targeted completion timeline of 840 days.
Author: PPD Team Date: 11/12/2024 The Expert Appraisal Committee (EAC) of the Ministry of Environment, Forest and Climate Change (MoEFCC) has recommended the granting of Terms of Reference (ToR) for the 1,200 MW Sikaser Open Loop Pumped Storage Hydro-electric Project in Chhattisgarh in its latest meeting. The project is being developed by Chhattisgarh State Power Generation Company Limited (CSPGCL) near Sikaser village in Gariyaband district. The Rs Rs 5,118.03 billion project spans 160 hectares and…
Author: PPD Team Date: 03/12/2024 Sunshine Capital Limited has announced the launch of financial products to support solar energy adoption. The Board of Directors approved the plan during a meeting held on December 3, 2024. The new solar energy finance offerings are designed to simplify solar panel investments for homeowners by providing accessible and flexible loan options. Additionally, the Board has decided to consolidate all consumer-side offerings, including Insurance Broking, Mutual Funds Product Distribution, Retail…
Author: PPD Team Date: 19/05/2025 IndiGrid Infrastructure Trust and JSW Energy Limited have reported solid financial results for the year ending March 31, 2025. IndiGrid posted a net profit of Rs 4.11 billion, marking a 38.85 per cent increase from Rs 2.96 billion in the previous year. Its total income rose by 15.1 per cent to Rs 34.38 billion. In the fourth quarter, consolidated revenue reached Rs 8.743 billion, up 11.3 per cent year-on-year. For…
Author: PPD Team Date: 04/03/2025 NTPC Green Energy Limited (NGEL), a wholly owned subsidiary of NTPC Limited, commenced commercial operations for the last 18.32 MW capacity of its 300 MW solar power project in Bikaner, Rajasthan, on March 1, 2025. With this, the entire 300 MW project has been commissioned under the 923 MW Grid-Connected Solar Power Project (Tranche-II) of the Central Public Sector Undertaking (CPSU) Scheme. The 923 MW solar project is being developed…
Author: PPD Team Date: 30/10/2024 REC Power Development and Consultancy Limited (RECPDCL) has issued a Request for Proposal (RFP) for an interstate transmission system (ISTS) project to evacuate 4.5 GW of renewable energy from the Kurnool-IV Renewable Energy Zone (REZ) Phase 1 in Andhra Pradesh. The bid submission deadline is set for December 30, 2024. This RFP follows a recent RECPDCL tender to establish an ISTS project for expanding the pumped hydro storage network near…