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.
The Welsh Government has awarded £10m in grants to 32 local green energy projects as part of the Ynni Cymru (Energy Wales) scheme. The funding supports community-owned renewable energy and smart local energy systems (SLES), which integrate various energy assets to enhance efficiency. The selected projects include solar panels, battery storage, heat pumps, and electric…
The Competition Commission of India (CCI) has approved the acquisition of 100% share capital and control of GVK Energy Limited by Adani Power Limited under the corporate insolvency resolution process (CIRP) framework of the Insolvency and Bankruptcy Code, 2016. The transaction involves the complete acquisition of GVK Energy Limited, a subsidiary of GVK Power and…
Kalpataru Projects International Ltd (KPIL) reported cumulative order inflows of Rs 118.65 billion for FY25, covering the period from April 1 to October 28, 2024. The power transmission and distribution (T&D) segment led the inflows, contributing over 50%, or Rs 59.86 billion. As of September 30, 2024, KPIL’s outstanding order book totalled Rs 606.31 billion,…
Prime Minister Narendra Modi virtually laid the foundation stone of SJVN’s 200 MW solar power project at Khavda Solar Park in Gujarat on 20 September 2025. The project is part of Gujarat Urja Vikas Nigam Limited’s (GUVNL) Phase XVII scheme and will be located in the Khavda Solar Park being developed by Gujarat State Electricity…
British Car Auctions (BCA) reports that used electric vehicle (EV) activity in the UK reached record levels in August, with EVs outperforming petrol and diesel models. BCA said EVs showed the highest rate of first-time conversions and the best performance in both monthly and live CAP evaluations. The firm noted this trend despite industry concern…
The Small Industries Development Bank of India (SIDBI) and Agence Française de Développement (AFD) have signed a $100 million credit facility agreement aimed at enhancing green finance solutions for micro, small, and medium enterprises (MSMEs) in India. Under the agreement, AFD will provide SIDBI with a $100 million credit line, which will be used to…