Adani Energy Solutions incorporates subsidiary Step-Fourteen Limited
Author: PPD Team Date: September 3, 2025
Author: PPD Team Date: September 3, 2025
Adani Energy Solutions Limited has set up a new wholly owned subsidiary named Adani Energy Solutions Step-Fourteen Limited.
The subsidiary has an authorised share capital of Rs 1 lakh and a paid-up share capital of Rs 1 lakh. It is yet to begin operations and currently has no turnover.
According to the company’s disclosure, the subsidiary will operate in the electric utilities sector. Its objectives include transmission, distribution, and supply of power along with related infrastructure services.
The acquisition of shares is through cash consideration, with equity shares issued at a face value of Rs 10 each. Adani Energy Solutions holds 100 per cent of the shareholding.
Adani Energy Solutions Step-Fourteen Limited was registered with the Registrar of Companies, Gujarat, at Ahmedabad on 2 September 2025.
Author: PPD Team Date: June 5, 2025 Power Grid Corporation of India Limited (POWERGRID) has completed the acquisition of MEL Power Transmission Limited (MPTL), a special purpose vehicle set up for the transmission system linked to Mahan Energen Limited’s power station in Madhya Pradesh. The acquisition was finalised on June 4, 2025. MPTL was initially incorporated by PFC Consulting Limited (PFCCL) on November 20, 2024, to implement the transmission scheme through the Tariff-Based Competitive Bidding…
Author: PPD Team Date: February 26, 2026 The Ministry of Power (MoP) has extended the deadline for submission of comments and suggestions on the draft National Electricity Policy, 2026 by one month to March 19, 2026. The extension follows requests from multiple stakeholders seeking additional time to review the provisions. The draft policy was circulated on January 20, 2026 with an initial thirty day deadline ending February 19, 2026. In an office memorandum dated February…
Author: PPD Team Date: April 21, 2025 Power Grid Corporation of India Limited (PGCIL) has declared the Commercial Operation Date (COD) for the Western Region Expansion Scheme-XXVII (WRES-XXVII) as April 16, 2025. The project was physically commissioned earlier, on March 26, 2025. Designed to strengthen the transmission network in Chhattisgarh, the scheme aims to improve power import capability into the state, enhance supply reliability to the Dhamtari substation of Chhattisgarh State Power Distribution Company Limited…
Author: PPD Team Date: March 6, 2025 Brookfield Asset Management and its affiliates (Brookfield) have announced the sale of a 1.6 GW portfolio of solar and wind assets in India to Gentari Renewables India in a two-phase transaction. The first phase, involving the sale of 1 GW of operational assets, has been completed. Brookfield currently has an installed capacity of around 46 GW and a development pipeline of approximately 200 GW. Its assets span North…
Author: PPD Team Date: January 21, 2026 Solar Energy Corporation of India (SECI) and PTC India Limited have entered into a strategic partnership to jointly develop renewable energy and energy storage projects. The two entities exchanged a Memorandum of Understanding (MoU) on 19 January 2026. The MoU sets out a framework for collaboration across renewable energy integration, power market operations, battery energy storage systems (BESS), and structured power products. A key focus of the partnership…
Author: PPD Team Date: October 28, 2024 Orlen Group, through its subsidiary ORLEN Wind 3, has finalized the acquisition of two solar photovoltaic (PV) farms and a wind farm from EDP Renewables Polska, boosting its renewable energy generation capacity by more than 300 MW. The assets include solar PV farms in the Zielona Góra and Poznań provinces, and a wind farm in the Łódź province. This acquisition raises Orlen Group’s total installed capacity to 580…