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: April 28, 2025 Indian Energy Exchange Limited (IEX) posted a net profit of Rs 4.29 billion for 2024-25, a 22.22 per cent rise from the previous year’s Rs 3.51 billion. The company’s total income also grew by 19.23 per cent. It reached Rs 6.57 billion in 2024-25, compared to Rs 5.51 billion a year earlier. Meanwhile, Adani Energy Services Limited (AESL) reported a different trend. Its net profit fell by 22.90…
Author: PPD Team Date: July 2, 2025 Eight firms have been shortlisted as technically qualified for the selection of transmission service provider (TSP) through tariff-based competitive bidding (TBCB) for the ‘Transmission System for evacuation of RE power from Raghanesda area of Gujarat – 3GW under Phase-I’. The shortlisted bidders are Power Grid Corporation of India Limited (PGCIL), Adani Energy Solutions Limited (AESL), Resonia Limited, Torrent Power Limited, Reliance Industries Limited (RIL), Dineshchandra R Agrawal Infracon…
Author: PPD Team Date: November 26, 2024 Rajesh Power Services Limited has launched its initial public offering (IPO), open for subscription until November 27, 2024. The IPO is valued at Rs 1.61 billion, with a price band of Rs 319 to Rs 335 per equity share, each with a face value of Rs 10. The issue includes a fresh offering of 2.79 million equity shares and an offer-for-sale of 2 million shares via the book-building…
Author: PPD Team Date: November 7, 2024 Cubico Sustainable Investments has announced Scout Moor II, a proposed 100 MW onshore wind project in England, situated near the existing Scout Moor wind farm between Edenfield, Rawtenstall, and Rochdale. With planning approval, Scout Moor II could begin operations by 2030, delivering renewable electricity to over 100,000 homes and covering around 10 per cent of Greater Manchester’s residential energy needs. Cubico also plans to create a Community Wealth…
Author: PPD Team Date: October 30, 2025 The Ministry of Coal is set to launch the 14th round of commercial coal mine auctions, opening a new phase in India’s coal sector liberalisation. The round will offer a mix of fully and partially explored blocks under revised terms designed to attract wider participation from established industry players as well as new entrants. A key highlight of the 14th round is the introduction of provisions for underground…
Author: PPD Team Date: May 26, 2025 Juno Joule Green Energy Private Limited has signed a memorandum of understanding (MoU) with Germany’s Select Energy GmbH to co-develop a green hydrogen and ammonia export facility at Mulapeta port in Andhra Pradesh. The total investment for the project is estimated at $1.3 billion. The facility will be developed in three phases. By 2029, it aims to produce 180,000 tonnes of green hydrogen annually. This will be converted…