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ACME Solar to raise stake in subsidiary Sigma Urja
ACME Solar Holdings Limited has approved an investment to increase its shareholding in its subsidiary, ACME Sigma Urja Private Limited, from 49% to 99.66%. The company will subscribe to 1.5 million new equity shares for a total consideration of Rs 1.5 crore. The decision was approved by the Operational Committee on October 10, 2025, as…
Powerica raises Rs 329 crore from anchor investors ahead of IPO
Mumbai-based diesel generator and power solutions manufacturer Powerica has raised Rs 329.4 crore from 17 anchor investors ahead of its public issue, which opened on March 24. The company allotted 83.39 lakh shares at the upper end of its price band of Rs 375–395 per share. Domestic mutual funds led the anchor book, with eight…
KEC secures Rs 10.34 billion in orders, enters STATCOM and semiconductor segments
KEC International Limited, an infrastructure EPC company under the RPG Group, has secured new orders worth Rs 10.34 billion across its Transmission & Distribution (T&D), Civil, and Cables businesses. These contracts were announced on May 12, 2025. In the T&D segment, KEC won a STATCOM (Static Synchronous Compensator) project from a global Original Equipment Manufacturer…
MPERC proposes amendments to MP Grid Code 2024
The Madhya Pradesh Electricity Regulatory Commission (MPERC) has issued a public notice proposing the first amendment to the Madhya Pradesh Electricity Grid Code, 2024. The draft amendments, published on April 15, 2026, introduce changes related to operational timelines for Renewable Energy Generating Stations (REGS) and Energy Storage Systems (ESS), scheduling procedures, and compensation mechanisms for…
KPIL posts record revenue and profit in FY25, wins Rs 23.72 billion in new orders
Kalpataru Projects International Limited (KPIL) has reported its highest-ever revenue and profit figures for the quarter and year ended March 31, 2025. In Q4 FY25, consolidated revenue rose 18 per cent year-on-year (YoY), while profit before tax (PBT) jumped 40 per cent YoY. For the full year, KPIL’s consolidated revenue stood at Rs 223.16 billion,…
MNRE launches pilot for hydrogen fuel cell vehicle trials
The Ministry of New and Renewable Energy (MNRE) has launched a pilot project to conduct real-world trials of hydrogen fuel cell mobility in India. Union Minister for New and Renewable Energy, Shri Pralhad Joshi, formally launched the initiative, describing it as a step forward for India’s clean transport roadmap. Under the pilot, Toyota Kirloskar Motor…
