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Thermal power investments set to double by FY28: CRISIL
India’s investments in thermal electricity generation are projected to double to Rs 2.3 trillion over the next three years through FY 2027–28, according to CRISIL Ratings, reported by The Economic Times. This marks a sharp increase from the Rs 1.15 trillion invested in the previous three fiscal years. The uptick reflects rising power demand and…
India | Generation | NewsEvonith Steel acquires 85 MW IPPL power plant via IBC route
Nagpur-based Evonith Steel has acquired Wardha-based Indrajit Power Pvt Ltd (IPPL), an 85 MW coal-based power producer, for Rs 232 crore through the Insolvency and Bankruptcy Code (IBC) process. The National Company Law Tribunal (NCLT) approved Evonith Steel as the successful resolution applicant on April 20. IPPL is located adjacent to Evonith Steel’s integrated steel…
GE Vernova T&D reports 75% increase in order inflows in FY25
GE Vernova T&D India Ltd has reported a 75 per cent year-on-year increase in order inflows for the first three quarters (9M: April to December) of FY25. The new order inflow during this period reached Rs 77,871 million, up from Rs 44,563 million in FY24. The strong performance in FY25 was driven by a remarkable…
TotalEnergies halts new investments in Adani Group amid corruption allegations
French energy company TotalEnergies has suspended new financial contributions to the Adani Group following indictments of Adani Group executives by US authorities over alleged corruption linked to Adani Green Energy Limited (AGEL). The US Securities and Exchange Commission (SEC) has accused Adani Group officials, including Gautam Adani and his nephew, of bribery in connection with…
Shriram Finance launches Shriram Green Finance for sustainable projects
Shriram Finance Limited has introduced Shriram Green Finance, a dedicated vertical for funding sustainable projects beyond electric vehicles (EVs). The initiative will focus on financing EVs, battery charging stations, renewable energy products, energy-efficient machinery, and other green energy solutions. Shriram Green Finance aims to achieve an Asset Under Management (AUM) of Rs 50 billion within…
Jyoti Structures secures Rs 4 bn contract for Adani’s 765 kV transmission line
Jyoti Structures Limited has received a Rs 3.89 billion Notification of Award (NoA) from Adani Energy Solutions Limited (AESL) for the 765 kV DC transmission line 1B of Boisar II-Pune III. The contract includes tower supply, survey, soil investigation, foundations, erection, stringing, testing, and commissioning on a turnkey basis. The project is part of the…
