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: September 12, 2024 The Ministry of New and Renewable Energy (MNRE) has unveiled draft guidelines for financial assistance and payment security under the ‘PM Surya Ghar—Muft Bijli Yojana‘ rooftop solar scheme. These guidelines focus on providing central financial assistance to residential consumers through Renewable Energy Services Company (RESCO) and Utility Led Aggregation (ULA) models. The scheme is set to run until March 31, 2027. Under the RESCO model, a third-party renewable…
Author: PPD Team Date: May 19, 2025 IndiGrid Infrastructure Trust and JSW Energy Limited have reported solid financial results for the year ending March 31, 2025. IndiGrid posted a net profit of Rs 4.11 billion, marking a 38.85 per cent increase from Rs 2.96 billion in the previous year. Its total income rose by 15.1 per cent to Rs 34.38 billion. In the fourth quarter, consolidated revenue reached Rs 8.743 billion, up 11.3 per cent…
Author: PPD Team Date: November 7, 2024 Eku Energy has reached a financial close on its 250MW/500MWh Williamsdale Battery Energy Storage System (BESS) project in Canberra, ACT, marking a significant advancement in the ACT government’s Big Canberra Battery initiative. Powered by Tesla Energy’s megapacks, the system will help store renewable energy to meet one-third of Canberra’s electricity needs during peak demand. The Williamsdale BESS will connect to Evoenergy’s distribution network, bolstering Canberra’s energy security and…
Author: PPD Team Date: December 3, 2025 KPI Green Energy Limited has received an EPC contract from Gujarat State Electricity Corporation Limited for a 142 MW (DC) / 110 MW (AC) floating solar project at the Kadana Dam reservoir in Mahisagar district. The company disclosed the development in a filing on 02 December 2025, stating that the order is valued at about Rs 489.17 Crore. The project will be a full turnkey package that covers…
Author: PPD Team Date: February 24, 2025 ReNew has announced its financial results for the third quarter of FY 2024-25, ending December 31, 2024. The company recorded a revenue of Rs 21.2 billion, marking a 10 per cent year-on-year (YoY) increase from Rs 19.3 billion in Q3 FY 2023-24. Revenue from power sales stood at Rs 14.9 billion, slightly lower than Rs 15 billion in the previous year. Net loss widened to Rs 3.8 billion…
Author: PPD Team Date: October 24, 2024 India’s data centre capacity is projected to reach 2,000-2,100 MW by FY27, driven by investments between Rs 500 billion and Rs 550 billion, according to Investment Information and Credit Rating Agency (ICRA). The current capacity is 950 MW, with NTT Global Data Centers, CtrlS Datacenters, STT Global, Sify Technologies, and Nxtra Data controlling 85 per cent of the market as of March 2024. Low data tariffs, affordable smartphones,…