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: October 1, 2024 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 JV aims to execute projects valued at up to Rs 10 billion in…
Author: PPD Team Date: August 21, 2025 ACME Cleantech Solutions has secured Solar Energy Corporation of India’s latest green ammonia auction under the Strategic Interventions for Green Hydrogen Transition Programme (Mode-2A–Tranche-I). The company will supply 50,000 tonnes per year of green ammonia to Coromandel International Limited in Vishakapatnam, Andhra Pradesh, for 10 years at a tariff of Rs 51.89 per kg. This auction is the seventh in a planned series of 13 tenders for green…
Author: PPD Team Date: November 12, 2024 GE Vernova T&D India Ltd reported a significant rise in order inflows for Q2 FY25, reaching Rs 46.82 billion, over four times the Rs 10.82 billion recorded in Q2 FY24. For the first half of FY25 (April-September), orders grew by 173 per cent to Rs 57.11 billion from Rs 20.88 billion in H1 FY24, with domestic orders accounting for 53 per cent. As of September 30, 2024, GE…
Author: PPD Team Date: August 6, 2025 NTPC Green Energy Limited has reported two updates through regulatory disclosures. Its subsidiary secured a green ammonia supply contract, while a group firm brought 75 MW of solar power online. NTPC Renewable Energy Limited (NREL) won a tender for 70,000 metric tonnes of green ammonia per year in an e-reverse auction held by the Solar Energy Corporation of India (SECI) on August 4, 2025. The bid was awarded…
Author: PPD Team Date: July 2, 2025 Adani Green Energy Ltd (AGEL) has reached a major milestone, surpassing 15,000 MW of operational renewable energy capacity. The company now operates 15,539.9 MW, making it the fastest and largest capacity addition in India’s renewable sector to date. The portfolio includes 11,005.5 MW of solar, 1,977.8 MW of wind, and 2,556.6 MW of wind-solar hybrid capacity. AGEL is the first and only renewable energy company in India to…
Author: PPD Team Date: October 10, 2025 The Ministry of Power (MoP) has circulated the Draft Electricity (Amendment) Bill, 2025, proposing major changes to the Electricity Act, 2003. The key objective is to enforce cost-reflective tariffs, aiming to strengthen the financial health of the power sector, particularly distribution utilities. The proposed amendments aim to address financial losses in the distribution sector, estimated at over Rs 6.9 lakh crore. A central reform requires Regulatory Commissions to…