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PGCIL, RVPNL sign shareholder agreement for intra-state transmission
Power Grid Corporation of India Ltd (PGCIL) has entered into a shareholder agreement with state transmission utility Rajasthan Rajya Vidyut Prasaran Ltd (RVPNL) to establish a joint venture (JV) company. As per a stock exchange filing, PGCIL will hold a 74% equity stake in the JV, while RVPNL will own the remaining 26%. The proposed…
Maruti Suzuki to invest Rs 925 crore in green energy by FY31
Maruti Suzuki India Limited has announced plans to invest Rs 925 crore by FY 2030–31 in green energy initiatives, including biogas projects and solar power expansion, as part of efforts to reduce dependence on fossil fuels. The company stated that the planned investments will support expansion of renewable energy use across its manufacturing operations. Biogas…
Jyoti Structures secures Rs 4 bn contract for Adani’s 765 kV transmission line
Jyoti Structures Limited has received a Rs 3.89 billion Notification of Award (NoA) from Adani Energy Solutions Limited (AESL) for the 765 kV DC transmission line 1B of Boisar II-Pune III. The contract includes tower supply, survey, soil investigation, foundations, erection, stringing, testing, and commissioning on a turnkey basis. The project is part of the…
PFCCL re-invites RFP for ERGS-I transmission project
PFC Consulting Limited (PFCCL) re-invited the Request for Proposal (RFP) for selecting a Transmission Service Provider (TSP) through the tariff-based competitive bidding (TBCB) process for the Eastern Region Generation Scheme-I (ERGS-I) on January 21, 2025. The deadline for bid submission is March 25, 2025. The earlier bidding process was conducted in March 2024. PFCCL is…
REC gets CBDT nod to issue Rs 50 billion zero coupon bonds
REC Limited has received approval from the Central Board of Direct Taxes (CBDT), Ministry of Finance, to issue zero coupon bonds worth Rs 50 billion. These bonds will have a tenure of ten years and six months. They will be issued at a deep discount and redeemed at face value upon maturity. The structure offers…
SJVN synchronises first unit of Buxar thermal power project with national grid
SJVN has successfully synchronised the first 660 MW unit of the 1,320 MW Buxar Thermal Power Project with the national grid on August 21, 2025. The step marks the beginning of the process towards commercial operation. The project, located in Chausa, Buxar district, Bihar, is being developed by SJVN Thermal Private Limited, a wholly owned…
