Adani Energy forms three new subsidiaries for Maharashtra expansion
Author: PPD Team Date: August 5, 2025
Author: PPD Team Date: August 5, 2025
Adani Energy Solutions Limited (AESL) has established three wholly-owned subsidiaries to support its expansion in Maharashtra’s electricity distribution sector. The entities were registered with the Registrar of Companies, Gujarat, on 4 August 2025.
The new subsidiaries are Adani Electricity Kalyan Dombivli Limited (AEKDL), Adani Electricity Pune Limited (AEPL), and Adani Electricity Vidharbha Limited (AEVL). Each company has an authorised and paid-up capital of Rs 1 lakh, fully subscribed by AESL. Shares were acquired at face value of Rs 10 per share in cash.
The companies have been set up to handle electricity production, generation, transmission, and distribution. None have started operations yet.
The disclosure was made in compliance with Regulation 30 of the SEBI Listing Regulations and the SEBI circular dated 11 November 2024. The transaction does not involve any related-party dealings or require prior government approvals.
Author: PPD Team Date: November 12, 2024 The Bangladesh Power Development Board (BPDB) has issued a $173 million letter of credit (LC) to Adani Power Limited to maintain the electricity supply. This LC follows Adani Power’s reduction of electricity deliveries by half due to unpaid dues totalling $843 million. Issued by Bangladesh’s Krishi Bank, with ICICI Bank in India as the counterpart, this is BPDB’s third LC to address payment issues with Adani Power.
Author: PPD Team Date: January 9, 2025 The Odisha government has approved five industrial projects worth Rs 447.93 billion. This includes: Indian Strategic Petroleum Reserves Limited (Rs 87.43 billion) Project: Crude Oil Storage facilities Jobs: 5,130 Location: Jajpur Inox Solar Limited (Rs 40 billion) Project: Manufacturing facility of solar modules & photovoltaic cells Jobs: 3,400 Location: Dhenkanal ACME Cleantech Solutions Pvt. Ltd. (Rs 40.5 billion) Project: Integrated manufacturing plant for Mushroom Root Fermentative Protein Jobs:…
Author: PPD Team Date: June 9, 2025 The Multi Commodity Exchange of India Ltd. (MCX) has received approval from the Securities and Exchange Board of India (SEBI) to launch electricity derivatives contracts. This marks a major step in the evolution of energy trading in India. The launch is supported by both SEBI and the Central Electricity Regulatory Commission (CERC), reflecting a strong push from regulators to deepen and modernise India’s power markets. Electricity derivatives are…
Author: PPD Team Date: December 16, 2024 GE Vernova’s nuclear division, GE Hitachi Nuclear Energy (GEH), has reached a significant milestone with its BWRX-300 small modular reactor (SMR) technology, advancing to Step 2 of the Generic Design Assessment (GDA) in the UK. The GDA process began in January 2024 with an initial focus on establishing the scope and schedule for Step 2, which has now been completed. The BWRX-300, a tenth-generation SMR design, builds on…
Author: PPD Team Date: October 15, 2024 Renewable energy developer OX2 has acquired its first onshore wind project in Western Australia, with a planned capacity of 1GW. Located north of Perth, the project is in the early development stages and will include a 100MW battery energy storage system. The acquisition involves collaboration with 20 landowners, and the original developers will continue to oversee the approval process alongside OX2. This acquisition is part of OX2’s strategy…
Author: PPD Team Date: February 21, 2025 Anvil Cables Private Limited, an Indian manufacturer of wires and cables for power transmission, has partnered with Wirepas, a global IoT connectivity firm, to implement a cloud-based electricity prepayment solution for Advanced Metering Infrastructure (AMI). The solution aligns with India’s AMI Standard Bidding Document (SBD) and utilizes RF mesh technology. It has already been deployed in over 500,000 smart meters in Assam and Kashmir, ensuring scalable and cost-effective…