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: June 26, 2025 The Ministry of Power has released new guidelines to designate Renewable Energy Implementing Agencies (REIAs). These agencies will handle power procurement from solar, wind, hybrid, and energy storage projects. To qualify as a REIA, a company must be registered under the Companies Act, 2013. It must also hold a Category-I power trading license from the Central Electricity Regulatory Commission (CERC), have a net worth above Rs 500 crore,…
Author: PPD Team Date: February 26, 2025 India is evaluating a financial assistance plan for debt-laden state-run power distribution companies (DISCOMs) to maintain sector stability amid growing electricity demand, according to a Ministry of Power document cited by Reuters. A ministerial panel has been set up to determine which states require urgent funding, develop a fiscal discipline framework to prevent further debt accumulation, and explore ways to attract private investment. If approved, this would be…
Author: PPD Team Date: January 30, 2025 Kochi Metro Rail Limited (KMRL) has identified land for two solar power projects in the Alappuzha and Kasargod districts of Kerala. The Kasargod project will be developed on approximately 50 acres of land, expected to be acquired soon. The Alappuzha project will be set up on 90 acres of land in Kuttanad, with KMRL currently in talks with the Kerala Forest Department to secure land approval. Both projects…
Author: PPD Team Date: April 1, 2026 NTPC Renewable Energy Limited (NTPC REL), a wholly owned subsidiary of NTPC Green Energy Limited (NGEL), has executed a Green Ammonia Purchase Agreement (GAPA) with Solar Energy Corporation of India Limited (SECI) on March 30, 2026. The agreement covers supply of green ammonia under the Strategic Interventions for Green Hydrogen Transition (SIGHT) scheme of the National Green Hydrogen Mission. Supply arrangement and intermediary structure Under the agreement, NTPC…
Author: PPD Team Date: April 10, 2026 JSW Energy Limited has exercised its call option to acquire the remaining 26% equity stake in JSW Mahanadi Power Company Limited (JMPCL), in line with its earlier acquisition of a 74% stake under an approved resolution plan. The company, in a filing dated April 9, 2026, referred to its prior disclosure of March 6, 2025 regarding the acquisition of 74% equity in JMPCL, earlier known as KSK Mahanadi…
Author: PPD Team Date: June 13, 2025 The World Bank’s State and Trends of Carbon Pricing 2025 report shows global carbon pricing revenues surpassed US$100 billion in 2024, with over 50 per cent allocated to environmental, infrastructure, and development projects. This marks a threefold increase in revenue over the past decade and underscores carbon pricing’s fiscal and climate relevance. As of 2025, 80 carbon pricing instruments are in effect globally—a net increase of five in…