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India | Leadership | NewsTARIL appoints Satyen J. Mamtora as MD and CEO; Q3 FY26 results reported
Transformers and Rectifiers (India) Limited (TARIL) has informed the stock exchanges about changes in senior management and its unaudited financial performance for the third quarter of FY26. Based on the recommendation of the Nomination and Remuneration Committee and the Board of Directors, Mr Satyen J. Mamtora, Managing Director of the company, has been appointed as…
Egypt and Hynfra to develop $1.6 billion green ammonia facility
Egypt’s General Authority for Investment and Free Zones (GAFI) has partnered with Polish firm Hynfra to establish a green ammonia production facility with an initial investment of $1.6 billion. The plant’s first phase will operate entirely on renewable energy, including solar and wind power. Surplus electricity will feed Egypt’s national grid, while the facility exports…
THDCIL commissions India’s first variable speed pumped storage unit
THDC India Limited (THDCIL) has commenced commercial operation of the first unit (250 MW) of the 1,000 MW Tehri Variable Speed Pumped Storage Plant (PSP) in Uttarakhand. This marks India’s first variable speed PSP and the largest such project undertaken by a Central Public Sector Enterprise (CPSE). The plant comprises four reversible pump turbine units…
KPI Green sets up new SPV for renewable energy projects
KPI Green Energy Limited has incorporated a new special purpose vehicle (SPV), KPIN Clean Power Two LLP, on June 28, 2025. The SPV has been formed to implement renewable energy (RE) projects across India. The new entity will be involved in generating, developing, transmitting, and supplying power using solar, wind, or other renewable sources. It…
Luminous commissions lithium ion battery line in Himachal Pradesh
Luminous Power Technologies has inaugurated its first lithium-ion battery assembly line in Baddi, Himachal Pradesh, expanding its manufacturing footprint into advanced energy storage. The new facility has an installed capacity of 500 MWh and will meet rising demand for battery solutions across residential, commercial and electric mobility applications. The assembly line uses robotic automation and…
Sunstream Green secures Rs 700 crore refinancing for 250 MW solar portfolio
Sunstream Green Energy has secured Rs 7 billion (around Rs 700 crore) in refinancing from State Bank of India (SBI) for a solar portfolio exceeding 250 MW across 17 sites in Maharashtra. According to the company, the portfolio was developed over three years and achieved operational stabilisation before refinancing. The refinancing arrangement is expected to…
