Author: PPD Team Date: 21/01/2025
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: 05/12/2024 Mufin Green Finance has announced plans to finance Rs 5 billion worth of solar projects by 2026, marking its entry into the solar financing sector. The company recently closed its first solar financing deal worth Rs 32.5 million, supporting a rooftop solar installation at a manufacturing facility in Baroda, Gujarat, for a USD 3 billion company. Over the next two years, Mufin Green Finance aims to back 200,000 solar installations,…
Author: PPD Team Date: 27/05/2025 India produced and dispatched over 1 billion metric tonnes of coal in FY2023–24. This marks a 70% rise since 2014, driven by structural reforms including commercial coal mining, first launched in 2020. Nearly 150 mines have been auctioned so far, with the 12th round underway. States have received nearly Rs 2.5 trillion in premiums and royalties. The sector has moved from inefficiency to transparency, with private players now active under…
Author: PPD Team Date: 23/10/2024 The Gujarat Urja Vikas Nigam (GUVNL) has announced a tender to develop a 200 MW/1600 MWh standalone battery energy storage system (BESS) in Gujarat. The developer selection will occur through a tariff-based competitive bidding process (Phase-V). The BESS will have a daily capacity of 1600 MWh. It will draw power from the Gujarat Energy Transmission Corporation (GETCO) network for charging and inject power back into the network as directed by…
Author: PPD Team Date: 15/10/2024 India has crossed a major milestone in its renewable energy journey, with the nation’s total renewable energy capacity reaching 201.45 GW as of October 10, 2024, according to the Central Electricity Authority (CEA). When including the 8,180 MW of nuclear power, non-fossil fuel-based energy now accounts for nearly half of India’s total installed electricity generation capacity, which stands at 452.69 GW. Solar power leads India’s renewable energy contributions, generating 90.76…
Author: PPD Team Date: 05/11/2024 Refex Green Power Limited (RGPL), a wholly-owned subsidiary of Refex Renewables & Infrastructure Limited, has acquired the remaining 51% equity stake in Sherisha Solar SPV Two Private Limited. This acquisition increases RGPL’s ownership to 100%, making Sherisha Solar SPV Two a fully-owned step-down subsidiary.
Author: PPD Team Date: 03/02/2025 Jakson Green Private Limited (JGPL), a wholly owned subsidiary of Jakson Power Private Limited, has partnered with Blueleaf Energy Renewables Private Limited for the joint implementation of 700 MW/1,000 MWp solar power projects in Rajasthan. The projects will require an estimated investment of Rs 34 billion (USD 400 million). JGPL secured: 400 MW under NHPC’s 3,000 MW ISTS-connected solar auction in November 2023 at Rs 2.53 per kWh. NHPC invited…