Author: PPD Team Date: 07/01/2025
KEC International Limited, a wholly-owned subsidiary of the RPG Group, has secured new orders worth Rs 10.97 billion in the transmission and distribution (T&D) sector.
These include a 400 kV transmission line project in the UAE and the supply of towers, hardware, and poles for various projects in the Americas, including the United States, Mexico, and Brazil.
Author: PPD Team Date: 28/10/2024 Engie North America has entered into a power purchase agreement (PPA) with Google to supply renewable energy from its 200 MW Chillingham solar project in Bell County, Texas. This 90 MW PPA will support Google’s 24/7 carbon-free energy goal by powering its Texas operations with clean energy. The agreement, facilitated by LevelTen Energy’s LEAP program, aims to streamline clean energy PPA sourcing for corporate buyers like Google. Expected to come…
Author: PPD Team Date: 13/06/2025 The National Company Law Tribunal (NCLT), Chandigarh Bench, has approved the merger of Inox Wind Energy Limited (IWEL) with Inox Wind Limited (IWL), as per its order dated June 10, 2025. The merger will simplify the business structure of the INOXGFL Group by eliminating the holding company layer and allowing direct promoter shareholding in IWL. It is expected to reduce IWL’s liabilities by around Rs 20.50 billion and strengthen its…
Author: PPD Team Date: 06/11/2024 Tata Power Company Limited posted a net profit of Rs 10.93 billion for the quarter ending September 2024, marking a 7.47 per cent rise from Rs 10.17 billion in the same period last year. The company’s total income grew by approximately 1.13 per cent to Rs 162.11 billion in Q2 FY2024, up from Rs 160.3 billion in the corresponding quarter of the previous year.
Author: PPD Team Date: 26/11/2024 Acciona has announced plans to construct a 225 MW photovoltaic plant in La Joya, Arequipa, Peru, for the electricity company Kallpa Generación. Spanning 549 hectares, the project will feature 371,040 high-performance bifacial solar panels with advanced technology. The solar farm is expected to generate 611 GWh of clean energy annually, enough to power 547,000 households and reduce CO₂ emissions by 215,000 tonnes each year. The plant will connect to the…
Author: PPD Team Date: 29/11/2024 Swedish clean technology company Hexicon has secured approval from the South Korean Electricity Regulatory Commission (KOREC) for the transfer of two of three electricity business licenses (EBLs) for the 1.1 GW MunmuBaram floating offshore wind project. This approval fulfils a key condition for finalizing the sale and purchase agreement (SPA) signed in February 2024 with Shell Overseas Investments, enabling Hexicon to acquire full ownership of the project. The acquisition increases…
Author: PPD Team Date: 04/06/2025 Adani Energy Solutions Limited (AESL) has approved raising Rs 43 billion through a qualified institutional placement (QIP), to be executed in one or more tranches. This move follows a series of recent fundraises by the Adani Group. In April 2025, it secured USD 750 million for an acquisition, with BlackRock subscribing to a third of the bond issue. Separately, Adani Ports raised USD 150 million via a bilateral loan from…