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.
Premier Energies announced that its subsidiaries have secured orders worth Rs 2,703 crore for the supply of solar photovoltaic (PV) modules and cells. The contracts, placed by both new and existing customers, cover an aggregate capacity of 2,059 MW and will be executed during FY 2026 and FY 2027. The company informed exchanges that the…
Apar Industries Limited has bagged two contracts worth Rs 1,329.17 million and Rs 1,155.96 million under the Eastern Region Expansion Scheme-43 (ERES-43). The awards were announced on May 2, 2025. The tenders were issued by Power Grid Corporation of India Limited (PGCIL) in October 2024. Apar will carry out reconductoring works and associated bay upgradations…
KP Green Engineering Limited has secured multiple confirmed orders spanning several business segments, aggregating to Rs 507.94 crore, including taxes. The solar projects segment accounts for the largest share at Rs 237.10 crore, covering fixed tilt and tracker-type module mounting structures. The transmission towers segment contributed Rs 130.69 crore, including tower material from 220 kV…
REC Limited has reported strong financial results for Q2 FY25, with a 17% rise in revenue from operations, reaching Rs 135.71 billion, compared to Rs 115.90 billion in the same quarter last year. Total income increased by 18% to Rs 266.33 billion, while net interest income saw a notable 25% jump, reaching Rs 97.23 billion….
The European Commission (EC) and the Republic of Moldova have agreed on a two-year strategy aimed at strengthening Moldova’s energy independence and resilience. The strategy includes a €250m ($258.7m) financial support package for 2025, implemented in three phases to address both immediate and long-term challenges. The initiative’s primary goal is to reduce Moldova’s reliance on…
ENGIE has signed a power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI) for a 100 MW solar photovoltaic project to be developed in Barmer, Rajasthan. The project is located in one of India’s highest solar irradiance zones and is scheduled for commissioning in 2027. Commenting on the development, Amit Jain, CEO…