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 26, 2025 L&T Energy Green Tech Limited (LTEGL), a subsidiary of Larsen & Toubro (L&T), has signed a Memorandum of Understanding (MoU) with Belgium-based John Cockerill Energy. The agreement, signed on March 24, 2025, focuses on developing technologies in Concentrated Solar Power (CSP) and Thermal Energy Storage (TES). LTEGL is committed to advancing sustainable energy solutions, including Green Hydrogen and electrolyser manufacturing. The company operates on three key pillars—Development, Manufacturing,…
Author: PPD Team Date: December 18, 2024 Apex Clean Energy has secured financing for the Prosperity Wind project, a 300MW wind farm under construction in Piatt County, Illinois, US. The project, featuring 50 Vestas turbines, is supported by White Construction and will generate 400 jobs. It marks Apex’s fifth commercial wind farm in Illinois. Financial closure followed tax equity commitments from lead investor JP Morgan and an undisclosed US-based investor. The Canadian Imperial Bank of…
Author: PPD Team Date: February 3, 2025 AZAD Engineering Limited has secured a six-year contract with Siemens Energy Global GmbH & Co. KG, valued at €90.1 million. The agreement covers the production of combustion commodities, cold blades, vanes, machined parts, and assemblies for advanced turbine systems. In addition, AZAD Engineering has received an order from Bharat Heavy Electricals Limited (BHEL) for high-complex rotating airfoils for supercritical turbines, part of an indigenisation project approved by the…
Author: PPD Team Date: January 17, 2025 Refex Green Mobility Limited has acquired 2,997 electric four-wheelers (e4Ws) from Gensol Engineering Limited for Rs 3.15 billion. The acquisition includes the transfer of Gensol’s existing loan facility. The e4Ws will be deployed in key markets such as Chennai, Bengaluru, Hyderabad, Mumbai, and Pune, where Refex Green Mobility operates. The company also plans to lease the vehicles to Blu-Smart Mobility Limited to support operations in Delhi NCR and…
Author: PPD Team Date: January 13, 2025 Saatvik Green Energy Private Limited has signed an agreement for the supply of solar photovoltaic (PV) modules to support 1,200 MW solar power projects in India. Key details include: A contract to supply N-type TopCon PV modules worth Rs 15 billion for 1,000 MW utility-scale solar projects. An agreement with Enrich Energy Private Limited for the supply of MONO PERC 545 Wp Bifacial solar modules for 200 MW…
Author: PPD Team Date: February 20, 2025 The National Company Law Tribunal (NCLT) has approved JSW Energy Limited’s acquisition of KSK Mahanadi for the 3,600 MW Akaltara (Nariyara) Thermal Power Project. The approval was granted on February 13, 2025. The thermal power project, located in Nariyara, Akaltara, Janjgir-Champa district of Chhattisgarh, is partly operational with 1,800 MW in service. It was developed by KSK Mahanadi Power Company Limited (KMPCL), a special purpose vehicle (SPV). The…