Author: PPD Team Date: November 12, 2024
Adani Energy Solutions Limited (AESL) has acquired Progressive Grid Networks Limited (PGNL) in Kenya to explore power transmission opportunities across East Africa.
PGNL’s initial share capital stands at KES 1 billion, divided into 100,000 ordinary shares valued at KES 1,000 each. Through this acquisition, AESL secures full ownership by acquiring 100 per cent of the shares through cash consideration.
Author: PPD Team Date: April 14, 2026 ANDRITZ has secured an order from Torrent Power Limited to supply electromechanical equipment for the Saidongar-1 Karjat pumped storage project in Raigad district, Maharashtra. The project, once commissioned, is expected to be India’s largest pumped storage plant. The order, valued in the low three-digit million euro range, will be booked in ANDRITZ’s order intake for the first quarter of 2026. The scope of work includes the design, manufacture,…
Author: PPD Team Date: April 6, 2026 Vikran Engineering Limited has secured two Letters of Award totalling Rs 530.80 crore (excluding GST) from the Maharashtra State Electricity Distribution Company Limited (MSEDCL). The contracts, supported by the Asian Development Bank (ADB), focus on strengthening power distribution infrastructure in the Nashik and Kolhapur zones of Maharashtra. The orders were awarded through a national competitive bidding process under the ADB-backed Power Distribution Enhancement Program. The Nashik Zone contract…
Author: PPD Team Date: November 8, 2024 Ireland’s electricity grid operator, EirGrid, has awarded contracts for the deployment of synchronous condensers to support the integration of renewable energy and maintain grid stability as Ireland transitions to cleaner energy sources. These contracts for low carbon inertia services (LCIS) will help balance the grid by providing 6,963 MVA of synchronous inertia, reactive power support, and short-circuit strength without generating active power. The contracts were awarded to Quarry…
Author: PPD Team Date: November 14, 2025 The Central Electricity Authority has issued guidelines under Section 63 of the Electricity Act, 2003 for tariff-based competitive bidding to procure power from grid-connected Waste to Energy projects. The guidelines set out a uniform process for procurement and seek to support new plants that use municipal solid waste as fuel. The guidelines apply to new WTE projects based on commercially proven technologies. They assign clear roles to the…
Author: PPD Team Date: October 24, 2024 Schneider Electric has unveiled “Miluz ZeTa,” its latest range of switches, sockets, and home connectivity solutions in the Indian market. The Miluz ZeTa collection features innovations like a patented space-saving switch socket, an Air Quality Indicator (AQI), and a Voltage Surge Protector (VSP). Compatible with the Schneider Electric Wiser system, the range facilitates seamless energy management and smart home integration. The Miluz ZeTa range, which recently won an…
Author: PPD Team Date: February 16, 2026 Patel Engineering Limited (PEL) reported consolidated revenue from operations of Rs 1,239 Cr in Q3 FY26, compared to Rs 1,206 Cr in Q3 FY25, reflecting a 2.81% year-over-year increase. Consolidated net profit for the quarter stood at Rs 71 Cr. As of December 31, 2025, the company’s order book was Rs 15,123 Cr. Consolidated operating earnings before interest, tax, depreciation and amortisation (EBITDA) for Q3 FY26 were Rs…