Author: PPD Team Date: October 21, 2024
Integrum Energy Infrastructure has reportedly filed a draft red herring prospectus (DRHP) for an initial public offering (IPO).
The IPO will include a fresh issue of up to 4.95 million equity shares and an offer for sale of up to 0.54 million equity shares.
The proceeds will be directed toward the development of a new solar plant and meeting the company’s working capital needs.
Author: PPD Team Date: April 29, 2025 Raychem RPG has become the first Indian manufacturer to earn the E3, C3, and F1 certifications for its cast resin transformers (CRTs). The certification was awarded after rigorous testing at CESI laboratories in Italy. CESI is renowned for its advanced testing facilities, including KEMA Labs, which is known for its high-power laboratory capabilities. In a statement, Raychem RPG said the certification aligns with the IEC60076-11:2018 global standard. It…
Author: PPD Team Date: December 26, 2024 Shree Cements Limited is planning to establish a solar power project in Purnia, Bihar. The company will invest around Rs 3,000 million for the project’s development.
Author: PPD Team Date: March 4, 2025 The Vietnam National Petroleum Group (Petrolimex) has signed a memorandum of understanding (MoU) with the Asian Development Bank (ADB) to promote energy transition in Vietnam. Under the agreement, ADB will help Petrolimex assess its investment portfolio and develop cleaner energy strategies. This partnership aligns with Vietnam’s low-carbon goals and ADB’s 2023-26 strategy focused on governance, green economy transition, and private sector growth. Petrolimex, which controls 50% of Vietnam’s…
Author: PPD Team Date: October 28, 2024 Orlen Group, through its subsidiary ORLEN Wind 3, has finalized the acquisition of two solar photovoltaic (PV) farms and a wind farm from EDP Renewables Polska, boosting its renewable energy generation capacity by more than 300 MW. The assets include solar PV farms in the Zielona Góra and Poznań provinces, and a wind farm in the Łódź province. This acquisition raises Orlen Group’s total installed capacity to 580…
Author: PPD Team Date: December 4, 2024 Discoms in Delhi have petitioned the Delhi Electricity Regulatory Commission (DERC) for a cost-reflective tariff for the 2024-25 fiscal, citing a combined revenue gap of Rs 31.62 billion in 2022-23. Electricity rates in Delhi have not changed since 2014. The petitions revealed revenue requirements for 2022-23 of Rs 121.16 billion for BSES Rajdhani Power Limited (BRPL), Rs 61.41 billion for BSES Yamuna Power Limited (BYPL), and Rs 92.64…
Author: PPD Team Date: September 24, 2025 Waaree Power Private Limited, a subsidiary of Waaree Energies Limited, has approved the acquisition of a 76 per cent equity stake in Racemosa Energy (India) Private Limited. The deal is subject to definitive agreements, regulatory clearances, and standard closing conditions. Racemosa Energy, incorporated in 2018 in Maharashtra, manufactures smart meters. Waaree Energies stated that the acquisition will help integrate smart metering into its portfolio and broaden its presence…