Author: PPD Team Date: December 20, 2024
Jindal Saw Limited has signed a share purchase agreement (SPA) to acquire a 31.20% equity stake in ReNew Green MHH One Private Limited (RGMHH), making RGMHH an associate company.
RGMHH focuses on renewable energy generation but has not yet commenced operations. The acquisition aims to secure electricity at concessional rates and is expected to be completed by May 2025.
Author: PPD Team Date: February 26, 2026 Saatvik Green Energy Limited has received and accepted an order worth Rs 87.10 crore from a reputed independent power producer (IPP) or engineering, procurement and construction (EPC) player for the supply of solar photovoltaic (PV) modules. The company disclosed the development in a regulatory filing dated February 25, 2026. The order has been awarded by a domestic entity and is commercial in nature. Execution is scheduled for completion…
Author: PPD Team Date: January 13, 2025 The Central Electricity Authority (CEA) has proposed setting up regional standing committees to review intrastate and interstate transmission systems. This initiative is part of an amendment to the “Manual on Transmission Planning Criteria.” Five committees, termed “Standing Committee on Short Term and Perspective Power System Planning (SCSTPPSP),” will be established for the north, east, west, south, and northeast regions. Their responsibilities include: Reviewing existing and under-implementation transmission systems…
Author: PPD Team Date: February 6, 2025 Tata Power is exploring small modular nuclear reactors (SMRs) following the government’s decision to allow private investment in the sector. CEO Praveer Sinha said the company is awaiting clarity on liability, technology, foreign partnerships, and fuel sourcing. SMR projects require stringent approvals, taking about 24 months, with construction lasting four to five years. India aims to expand its nuclear capacity from 8 GW to 20 GW by 2032….
Author: PPD Team Date: March 20, 2026 RenewSys India has inaugurated a 3 GW solar module manufacturing facility at IndoSpace Industrial Park in Khopoli, Khalapur district, Maharashtra, increasing its total module manufacturing capacity to 5.6 GW. The facility covers over 7 lakh square feet and operates as a fully automated unit with artificial intelligence (AI)-enabled production lines, real-time digital monitoring for quality control, and integrated logistics infrastructure. It has been designed for future capacity expansion….
Author: PPD Team Date: December 26, 2024 Waaree Energies Limited has approved plans to establish a 300 MW electrolyser manufacturing facility and a 3.5 GWh lithium-ion Advanced Chemistry Storage Cell production plant. The electrolyser manufacturing project will be implemented under Waaree Clean Energy Solutions, a subsidiary of Waaree Energies, with a capital expenditure (CAPEX) of Rs 5.51 billion and an investment of Rs 2 billion. The project will be developed under the Production-Linked Incentive (PLI)…
Author: PPD Team Date: December 30, 2025 Waa Solar Limited has announced that it has received a major Letter of Award (LOA) from M.P. Urja Vikas Nigam Limited (MPUVNL) for developing grid-connected solar power plants. The information was disclosed through a regulatory filing, stating that the project is valued at around Rs 225 crore and has been awarded by a state-owned power utility. According to the filing made under Regulation 30 of the Securities and…