Author: PPD Team Date: December 19, 2024
Adani Energy Solutions Limited (AESL) established Adani Energy Solutions Step-Eleven Limited (AESSEL), a special purpose vehicle (SPV), on December 17, 2024.
The SPV will focus on transmission, distribution, power supply, and other infrastructure services.
Author: PPD Team Date: November 7, 2024 Waaree Energies has secured an order to supply up to 180 MWp of solar modules to a prominent renewable energy developer in India. Deliveries are set to begin at the end of November 2024 and conclude by the fourth quarter of fiscal year 2025. This contract underscores Waaree’s role in advancing India’s renewable energy infrastructure.
Author: PPD Team Date: January 2, 2025 The Competition Commission of India (CCI) has approved the acquisition of certain shareholding in Fourth Partner Energy Private Limited (Target) by the International Finance Corporation (IFC), Asian Development Bank (ADB), and DEG – Deutsche Investitions – und Entwicklungsgesellschaft mbH (DEG). The proposed investment totals USD 275 million (approx. INR 22.96 billion), with each entity acquiring a percentage of Target’s share capital through primary subscription and secondary purchase. IFC,…
Author: PPD Team Date: December 4, 2025 NHPC Limited has achieved test synchronisation of the 250 MW Unit 2 of the 2,000 MW Subansiri Lower Hydroelectric Project with the national grid on 2 December 2025. The company expects the commercial operation date for Unit 2 by this month. The synchronisation marks a key step in the phased commissioning of the eight-unit project. NHPC leadership, including CMD Bhupender Gupta, Government Nominee Director Mohammad Afzal, directors from…
Author: PPD Team Date: February 5, 2026 Waaree Energies Limited has secured an overseas solar module supply order through its United States subsidiary, adding to its international order pipeline. In a regulatory filing dated February 4, 2026, the company said its wholly owned subsidiary, Waaree Solar Americas Inc., has received an order to supply 150 MW of solar modules. The customer has been described as a reputed solar power developer and independent power producer. The…
Author: PPD Team Date: January 23, 2025 Polycab India Ltd reported a 12% YoY growth in its wires and cables segment for Q3 FY25. While cable demand remained strong, copper price declines and high channel inventory led to a slowdown in the wires business. The international segment saw a remarkable 62% YoY growth, contributing 8.3% to total revenue. EBIT margins rose by 120 basis points QoQ to 13.5%, driven by normalised wires margins and the…
Author: PPD Team Date: January 2, 2025 The Egyptian Electricity Transmission Company (EETC) has allocated EGP 7.6 billion for the fiscal year 2023-24, focusing on upgrading, modernizing, and expanding its high-voltage and ultra-high voltage systems. This investment covers the development of new stations, cables, transmission lines, and upgrades to regional control centres, including Cairo’s and the newly operational National Control Center in the New Administrative Capital. The company aims to complete ongoing projects, enhance network…