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SEBI approves IPO for Eastman Auto and Power
Eastman Auto and Power Limited (EAPL) has received approval from the Securities and Exchange Board of India (SEBI) for its proposed initial public offering (IPO). The development marks a key step for the diversified energy solutions manufacturer operating across battery storage, power electronics and solar technologies. EAPL was incorporated in 2000 under the JRS Eastman…
JSWEL signs PPA with Indus Towers for supply of 130 MW solar power
Indus Towers has signed a power purchase agreement (PPA) with JSW Green Energy Eight and announced an investment of Rs 380.3 million. The agreement includes procuring 130 MW of renewable energy from a solar photovoltaic (PV) plant under a captive model. As part of the deal, Indus Towers will acquire a 26 per cent equity…
Adani Group to invest Rs 7 trillion in Rajasthan for renewable energy
Adani Group has announced plans to invest over Rs 7 trillion in Rajasthan across multiple sectors, including renewable energy. The investment includes developing 100 GW of renewable energy capacity, aiming to create the world’s largest integrated green energy ecosystem. The projects are expected to be implemented over the next five years.
KPIL raises Rs 10 billion via QIP
Kalpataru Projects International Limited (KPIL) has successfully raised Rs 10 billion through a qualified institutional placement (QIP). The proceeds will be used to strengthen the company’s balance sheet, improve financial flexibility, and support its growth initiatives.
UPPCL awards 1,000 MW ISTS solar projects to three firms
Uttar Pradesh Power Corporation Limited (UPPCL) has awarded bids for setting up 1,000 MW of Inter-State Transmission System (ISTS)-connected solar power projects across India. The bidding results were announced on March 28, 2025, with three firms securing contracts under the tariff-based competitive bidding (TBCB) process. ReNew Solar Power Private Limited, a subsidiary of ReNew Power…
DERC approves Tata Power’s 200 MW FDRE project
The Delhi Electricity Regulatory Commission (DERC) has granted in-principle approval to Tata Power Delhi Distribution Limited (TPDDL) to procure 200 MW of firm and dispatchable renewable energy integrated with storage, with an additional 200 MW greenshoe option. The approval, issued on November 3, 2025, allows TPDDL to launch a competitive bidding process for projects that…
