Author: PPD Team Date: October 24, 2024
Gensol Engineering Limited has incorporated three new subsidiaries: Innogrid Energy Private Limited, Hari Shakti Energy, and Shakti Sangini Energy Private Limited.
Gensol has subscribed to 10,000 equity shares in each subsidiary, representing 100 percent of their total share capital, with an investment of Rs 100,000 per company. These subsidiaries are now wholly-owned by Gensol Engineering.
Author: PPD Team Date: January 23, 2025 NTPC Renewable Energy Limited (NTPC REL), a subsidiary of NTPC Limited through NTPC Green Energy Limited, has commenced commercial operation of the second part capacity of its 200 MW Sadla Solar PV Project in Gujarat. The additional 25 MW capacity became operational on January 17, 2025. Earlier, the first part capacity of 37.5 MW was commissioned on December 21, 2024.
Author: PPD Team Date: October 1, 2025 Goa is considering a Rs 5,000 crore loan from the Japan International Cooperation Agency (JICA) to modernise its electricity network and improve reliability and efficiency across residential, commercial, and industrial consumers. The funding would support the replacement of ageing transmission and distribution equipment, including substations, transformers, and distribution lines, aiming to reduce technical losses and strengthen overall system performance. A key objective of the project is to integrate…
Author: PPD Team Date: November 11, 2025 Several power sector companies have released their unaudited financial results for the second quarter (Q2) of FY 2025-26, showing varied performance across the sector. REC Limited posted a net profit of Rs 44.14 billion for Q2 FY 2025-26, up 9.3% from Rs 40.38 billion a year earlier. Total income rose 10.8% to Rs 151.53 billion, compared with Rs 136.82 billion in the same quarter last year. SJVN Limited…
Author: PPD Team Date: August 28, 2025 Rotomag Enertec Limited has purchased a 50.99 per cent stake in Statcon Energiaa Private Limited. The partnership will focus on developing megawatt-scale battery energy storage systems (BESS) and increasing the production of domestically manufactured solar inverters. The companies also plan joint research and development on advanced energy solutions using lithium-ion batteries. They aim to expand operations into markets across Asia, Africa, and the Middle East. Statcon Energiaa, according…
Author: PPD Team Date: November 18, 2024 Jakson Green, in collaboration with NTPC, has synthesized methanol from carbon dioxide captured at NTPC’s Vindhyachal Thermal Power Plant in Madhya Pradesh. The project, led by NTPC’s R&D unit, NETRA, captures CO2 directly from flue gas emissions and converts it into methanol, a clean fuel for power generation and transportation. This achievement marks the first instance of methanol production from captured carbon in India and is part of…
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…