Author: PPD Team Date: January 20, 2025
AZAD Engineering Limited has entered a long-term agreement with GE Vernova International LLC, USA, to supply advanced rotating and stationary airfoils for gas turbine engines.
Valued at approximately USD 112 million, the agreement will support GE Vernova’s global power generation needs and further solidify the strategic partnership between the two companies.
Author: PPD Team Date: October 22, 2025 Power Grid Corporation of India Limited (POWERGRID) has expanded its interstate transmission portfolio by acquiring two special purpose vehicles (SPVs) through the tariff-based competitive bidding (TBCB) process. POWERGRID acquired Vindhyachal Varanasi Transmission Ltd (VVTL) from PFC Consulting Ltd on October 16, 2025. The SPV, incorporated on April 17, 2025, was set up for a transmission scheme to reduce the loading on the existing 765 kV Vindhyachal–Varanasi double-circuit line….
Author: PPD Team Date: October 28, 2024 Power Grid Corporation of India Ltd (PGCIL) has been named the successful bidder for developing a mega Inter-State Transmission System (ISTS) project utilizing HVDC technology. The project, known as the “Evacuation of power from potential renewable energy zone in Khavda area of Gujarat under Phase-V (8 GW): Part A,” will be established on a build, own, operate, and transfer (BOOT) basis. The letter of intent (LoI) was received…
Author: PPD Team Date: March 25, 2026 Sanathan Textiles Limited has announced that its wholly owned subsidiary, Sanathan Polycot Private Limited (SPPL), will acquire a 26% stake in Serentica Renewables India 33 Private Limited for a total consideration of Rs 48 crore. The investment will be made in tranches under a Share Subscription and Shareholders’ Agreement (SSSHA) and a Power Supply and Consumption Agreement (PSCA), enabling SPPL to source renewable power as a captive consumer…
Author: PPD Team Date: January 16, 2026 EIE Renewables has been awarded a contract by ITI Limited to develop a 10 MW ground-mounted solar power project at Naini in Uttar Pradesh. The project was awarded through a competitive bidding process. The project will be implemented on a Build Own Operate Transfer (BOOT) basis, after which only BOOT is used. Under the contract, EIE Renewables will be responsible for the full scope of supply, installation, and…
Author: PPD Team Date: February 3, 2026 Bharat Petroleum Corporation Limited (BPCL) has commissioned a 71 MWp DC (52 MW AC) solar power plant in Prayagraj, Uttar Pradesh, marking a further step in integrating renewable energy into its refining operations. The project was inaugurated by Union Minister of Petroleum and Natural Gas Hardeep Singh Puri at India Energy Week and is intended to support BPCL’s decarbonisation efforts. The solar plant covers 210 acres and uses…
Author: PPD Team Date: September 8, 2025 Renewable energy company Neoen and solar developer Alight have started operations at the 100 megawatt-peak (MWp) Hultsfred solar farm in Småland, Sweden. The facility, which began supplying electricity to the E.ON distribution grid in April, is described as the country’s largest solar installation. The project was jointly financed by Neoen and Alight, with additional structured debt from Danske Bank. H&M Group has a long-term power purchase agreement signed…