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: March 21, 2025 The joint venture of Hindustan Construction Company Limited and Tata Projects Limited has secured a Rs 24.7 billion contract from Tata Power Company Limited for the construction of the 1,000 MW Bhivpuri Pumped Hydro Storage Project in Maharashtra. The project will be developed at Karjat with a total estimated cost of Rs 56.66 billion, financed 75 per cent by debt and 25 per cent by equity. The project…
Author: PPD Team Date: May 12, 2025 Aerem Solutions Private Limited and OMC Power Limited have signed an agreement to finance rooftop solar power projects worth Rs 2,000 million in Uttar Pradesh. The partnership will support Micro, Small and Medium Enterprises (MSMEs) in setting up rooftop solar systems. Aerem, through its non-banking financial company (NBFC), will provide loans to OMC Power’s customers to fund these installations. This initiative targets a major challenge for MSMEs—access to…
Author: PPD Team Date: June 18, 2025 The Government of Haryana has announced a phased action plan to control air pollution in the National Capital Region (NCR). From January 1, 2026, only electric or compressed natural gas (CNG)-powered two-wheelers, light commercial vehicles, and N1-category large goods vehicles will be allowed to join vehicle fleets in NCR districts. All new autorickshaws must also be electric or CNG-based. A complete ban on non-BS-VI compliant goods vehicles, including…
Author: PPD Team Date: April 15, 2025 Havells India Limited has signed a binding term sheet to invest Rs 6 billion in Goldi Solar Private Limited. This investment is part of Goldi Solar’s proposed fundraise of up to Rs 13 billion, expected to close within 75 days from the announcement. The move aligns with Havells’ broader strategy to grow its footprint in the renewable energy sector. It aims to offer integrated solutions across energy generation,…
Author: PPD Team Date: February 12, 2025 REC Limited has entered into a term loan agreement worth Rs 21.47 billion with Chenab Valley Power Project Limited (CVPPL) to support the development and construction of the 1,000 MW Pakal Dul Hydro Electric Project. The loan will be used to fund the development, construction, and operation of the project, including part funding of the project cost and reimbursement of excess funds provided by promoters, if any. The…
Author: PPD Team Date: January 21, 2026 Vikram Solar Limited announced its unaudited financial results for the quarter and nine months ended 31 December 2025 following a board meeting held on 20 January 2026. The company reported strong year on year growth in revenue, profitability, and operating performance. Revenue from operations for Q3 FY26 stood at Rs 1,106 crore, up 8% compared to the same quarter last year. Earnings before interest, tax, depreciation, and amortization…