Author: PPD Team Date: January 21, 2025
Dalmia Cement (Bharat) Limited (DCBL), a subsidiary of Dalmia Bharat Limited, has signed a share subscription and shareholders agreement (SSSHA) to acquire a 26% equity stake in Solis Urja Energy Private Limited.
The acquisition involves the purchase of 1,750,000 equity shares worth Rs 17.5 million, to be completed in one or more tranches.
Author: PPD Team Date: November 19, 2024 The Central Electricity Regulatory Commission (CERC) has issued the draft CERC (Terms and Conditions for Purchase and Sale of Carbon Credit Certificates) Regulations, 2024. The regulations aim to establish a structured framework for trading carbon credit certificates (CCCs) on power exchanges, applicable to both obligated and non-obligated entities. Under the draft, the Grid Controller of India will serve as the registry for CCC exchanges, while the Bureau of…
Author: PPD Team Date: December 13, 2024 Vestas has announced plans to transition its Isle of Wight factory in the UK from manufacturing offshore turbine blades to onshore blade production. The shift follows an agreement in principle with the UK government and responds to declining demand for V174 offshore turbine blades and site constraints unsuitable for next-generation offshore blades. Vestas will sustain 300 manufacturing jobs at the site while creating additional opportunities across its UK…
Author: PPD Team Date: December 3, 2024 Bharat Petroleum Corporation Limited (BPCL) and Coal India Limited (CIL) signed a non-binding memorandum of understanding (MoU) on December 2, 2024, in Mumbai. The collaboration aims to explore the development of a coal-to-synthetic natural gas (SNG) project using surface coal gasification at Western Coalfields (WCL). Surface coal gasification transforms coal into synthetic natural gas, providing a cleaner alternative to traditional coal-based energy.Â
Author: PPD Team Date: October 28, 2024 BP has finalized its acquisition of the remaining 50.03% interest in Lightsource bp, fully integrating its 62 GW renewable energy pipeline across 19 markets worldwide into BP’s portfolio. Although BP now has full ownership, Lightsource bp will retain its brand and operate independently. This acquisition enhances BP’s renewable energy reach, supporting its broader low-carbon initiatives, including power trading, EV charging, biofuels, and green hydrogen production. BP’s executive vice…
Author: PPD Team Date: October 22, 2025 The Ministry of Mines has amended the Mineral (Auction) Rules, 2015 to introduce intermediary timelines between the issuance of the letter of intent (LoI) and the execution of mining leases. The changes are aimed at reducing delays and ensuring faster operationalisation of auctioned mineral blocks. The revised framework sets milestone-based deadlines and allows corrective measures during implementation. For mining leases (ML), the mining plan must be approved within…
Author: PPD Team Date: January 28, 2026 CG Power and Industrial Solutions Limited reported a strong financial performance in the third quarter of FY26, posting its highest standalone quarterly revenue and Profit Before Tax (PBT) to date. The results were supported by strong order inflows and sustained operational efficiency. For the quarter ended December 31, 2025, CG Power recorded standalone sales of Rs 2,909 crore, a year-on-year increase of 22%. PBT before exceptional items rose…