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: September 24, 2025 Asia remains the largest producer of thermal coal, with China, India, and Indonesia driving output. Domestic consumption in these countries is set to grow, while the seaborne coal market faces a decline, according to Reuters. Together, China, India, and Indonesia account for over 70% of global coal production. Their output has expanded in recent years to meet increasing energy needs. Outside these three, production in Australia, Russia, the…
Author: PPD Team Date: February 3, 2026 NTPC Green Energy Limited (NGEL) announced on 2 February 2026 that it signed a memorandum of understanding (MoU) with Assago Industries Private Limited to supply green ammonia, carbon dioxide, renewable power, and utilities for green urea production, according to a company statement. NGEL, a subsidiary of NTPC Limited, said the MoU covers inputs required to produce 1,000 tonnes per day of green urea. The agreement was signed at…
Author: PPD Team Date: December 15, 2025 Waaree Energies Limited has reported that its wholly owned subsidiary, Sangam Solar One Private Limited, has started operations at a new solar module manufacturing facility in Samakhiali, Kutch, Gujarat. The plant has an annual production capacity of 1,500 MW through two lines of 750 MW each. The company stated that the facility began operations on 12 December 2025. The company said the addition of 1.5 GW has increased…
Author: PPD Team Date: August 1, 2025 India’s first green ammonia auction under the Strategic Interventions for Green Hydrogen Transition (SIGHT) programme concluded with ACME Cleantech Solutions securing the winning bid. The company will supply 75,000 metric tonnes of green ammonia annually to Paradeep Phosphates Limited in Odisha at Rs 55.75 per kg for ten years. The auction was conducted by the Solar Energy Corporation of India Limited (SECI) under Mode-2A, Tranche-I of the SIGHT…
Author: PPD Team Date: October 30, 2024 ARYA, a subsidiary of GPS Renewables, has raised Rs 1 billion in mezzanine financing as part of a Rs 2 billion funding round aimed at establishing compressed biogas (CBG) projects in collaboration with Indian Oil Corporation Limited (IOCL) and Bharat Petroleum Corporation Limited (BPCL). The financing was provided by InCred Opportunities Fund and Spark Capital, supporting ARYA’s mission to advance biofuel production and contribute to India’s net zero…
Author: PPD Team Date: October 18, 2024 Plenitude, an Eni-controlled energy company, has commenced construction of a 220 MW solar plant in Villarino de los Aires, Salamanca, Spain. The facility, spanning 286 hectares, will be among the largest in the Castilla y Leon region and will connect to Spain’s national grid via a 3.2 km underground medium-voltage line. The plant will feature 365,300 bifacial modules and is expected to generate over 400 GWh of electricity…