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Havells to invest Rs 6 billion in Goldi Solar
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…
Egypt and France sign €7 billion deal for green hydrogen and ammonia complex
Egypt and France have signed an agreement to build a green hydrogen and derivatives complex, including green ammonia, in Ras Shukeir. The €7 billion project will be fully financed by the private sector and developed in three phases. Once operational, the facility is expected to produce up to one million tonnes of green ammonia annually….
Torrent Power reports Q3 FY 2024-25 results with 31% PAT growth
Torrent Power has announced its financial results for the third quarter of FY 2024-25, ending December 31, 2024. The company reported a 31% year-on-year increase in profit after tax (PAT), reaching Rs 4.89 billion. The growth in PAT was largely driven by increased power demand during colder weather conditions and a one-time gain of Rs…
Pace Digitek secures 3 GWh LFP cell supply, expands BESS capacity
Pace Digitek Limited has announced two developments through its material subsidiary, Lineage Power Private Limited, aimed at strengthening its Battery Energy Storage System (BESS) business. The company has signed a long-term supply agreement for lithium iron phosphate (LFP) battery cells and reported progress in expanding its BESS manufacturing capacity to 10 GWh. Lineage Power has…
MNRE invites bids for PMU support under small hydro power scheme
The Ministry of New and Renewable Energy (MNRE) has invited bids to appoint a consultancy firm for establishing a Project Management Unit (PMU) to support implementation of the Small Hydro Power (SHP) scheme during the period from 2026-27 to 2030-31. The tender was published on the Government e-Marketplace (GeM) portal on June 22, 2026, with…
Maharashtra approves Mahagenco-SJVN JV for 5,000 MW renewable projects
The Maharashtra cabinet has cleared the creation of a joint venture (JV) between Maharashtra State Power Generation Company Limited (Mahagenco) and SJVN Limited to develop 5,000 megawatts (MW) of renewable energy capacity. Under the agreement, SJVN will hold 51 percent equity and Mahagenco 49 percent. The projects will cover pumped storage hydro, solar-wind hybrid systems,…
