Author: PPD Team Date: December 18, 2024
Kohlberg Kravis Roberts (KKR) has sold a 2.6 per cent stake in India Grid Trust through an open market transaction, valued at Rs 2.77 billion.
KKR’s affiliate, Esoteric II Pte, sold 20.1 million units at an average price of Rs 138.01 per unit.
Author: PPD Team Date: July 18, 2025 India’s investments in thermal electricity generation are projected to double to Rs 2.3 trillion over the next three years through FY 2027–28, according to CRISIL Ratings, reported by The Economic Times. This marks a sharp increase from the Rs 1.15 trillion invested in the previous three fiscal years. The uptick reflects rising power demand and the continued need for dependable base load capacity, particularly during peak periods and…
Author: PPD Team Date: October 28, 2024 JSW Steel’s Board has approved an expanded power purchase agreement (PPA) to procure renewable power for a total of 2,507 MW across its sites at Vijayanagar, Dolvi, Salem, and Anjar. Of the initial 1,637 MW commitment, 375 MW has already been commissioned, with an additional 580 MW expected to come online by March 2025. The Board has now greenlit further renewable procurement, including a hybrid energy capacity of…
Author: PPD Team Date: April 21, 2025 Indian Renewable Energy Development Agency Limited (IREDA) has posted a net profit of Rs 16.98 billion for 2024–25. This marks a 35.62 per cent rise from Rs 12.52 billion in the previous year. The company’s total income increased by 36.07 per cent to Rs 67.56 billion, up from Rs 49.65 billion in 2023–24. Waaree Renewable Technologies Limited also reported a significant jump in profitability. Its net profit rose…
Author: PPD Team Date: November 5, 2024 Suzlon Group reported a net profit of Rs 2 billion for the quarter ending September 2024, marking a 96% increase from Rs 1.02 billion in the same period last year. Total income rose by approximately 48% to Rs 21.21 billion, up from Rs 14.29 billion in the corresponding quarter of the previous year.
Author: PPD Team Date: July 2, 2025 Sunkind Energy Limited has signed a memorandum of understanding with JA Solar to strengthen its solar cell and module production capabilities in India. The partnership will support Sunkind’s planned 2.4 GW solar cell and 4 GW solar module manufacturing units. As part of the deal, Sunkind will leverage JA Solar’s technical know-how and global supply chain. The goal is to bring high-efficiency technologies and international standards into India’s…
Author: PPD Team Date: November 28, 2025 Sterling and Wilson Renewable Energy Limited has secured a turnkey EPC contract for a 240 MW AC solar PV project in South Africa. The deal is valued at about INR 1,313 crore or USD 147 million. This is the company’s second major award in South Africa this fiscal year. With this contract, the company is now handling four solar PV projects in the country. Each project involves a…