NLC approves JV with RRVUNL for Gurha thermal power project
Author: PPD Team Date: May 21, 2025
Author: PPD Team Date: May 21, 2025
The Board of Directors of NLC India Limited has approved forming a joint venture (JV) with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) to develop the Gurha Thermal Power Project. The decision was made on May 19, 2025.
The JV will have a 74:26 equity split between NLC India and RRVUNL. It will be responsible for establishing, maintaining, and operating the 3×125 MW thermal power project.
The proposed project will be located at Gurha in Chak Madhogarh village, Bikaner district, Rajasthan.
Author: PPD Team Date: June 10, 2025 REC Limited has received approval from the Central Board of Direct Taxes (CBDT), Ministry of Finance, to issue zero coupon bonds worth Rs 50 billion. These bonds will have a tenure of ten years and six months. They will be issued at a deep discount and redeemed at face value upon maturity. The structure offers tax benefits to investors under the Income Tax Act, 1961. REC had previously…
Author: PPD Team Date: February 14, 2025 BGR Tech Limited has introduced its 100 kW hydrogen purification system designed to enhance electrolysis-based hydrogen purification. This newly developed system delivers 99.999 per cent pure, fuel cell-grade hydrogen and is engineered to operate at high pressures of up to 30 bar. The system’s modular structure allows for scalability, making it suitable for a wide range of industrial applications. The purified hydrogen can be used for fuel cells,…
Author: PPD Team Date: December 22, 2025 Tata Power Company Limited has reported two developments to the stock exchanges on 19 December 2025. The company confirmed the allotment of Rs 2,000 crore through non-convertible debentures and announced the launch of a research and innovation lab in collaboration with global academic institutions. In a regulatory filing, Tata Power said it has allotted Unsecured, Senior, Redeemable, Rated, Listed, Taxable, Non-cumulative Non-Convertible Debentures NCDs aggregating to Rs 2,000…
Author: PPD Team Date: January 21, 2026 The Ministry of Power (MoP) has allotted a one-year relaxation of industrial registration requirements to support participation in grid connected battery energy storage system (BESS) tenders. The measure aims to address current constraints in domestic battery manufacturing and ensure timely execution of large scale storage projects. Under the notification, bidders using lithium ion cell technology through transfer of technology arrangements with companies from land border sharing countries will…
Author: PPD Team Date: December 23, 2024 The Board of Directors (BoD) of Kovalam Investment and Trading Company Limited has approved an investment for setting up decentralised solar power projects in Madhya Pradesh. The decentralised solar power projects would be set up under component A of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme of Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) in the state.
Author: PPD Team Date: October 18, 2024 JSW Renew Energy Seventeen, a subsidiary of JSW Energy, has entered into a power purchase agreement (PPA) with Gujarat Urja Vikas Nigam Ltd (GUVNL) for a 192 MW wind-solar hybrid capacity connected to the state transmission utility (STU) in Gujarat. This is the company’s first PPA for a wind-solar hybrid project, with the power set to be supplied for 25 years at a tariff of Rs 3.27 per…