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: December 3, 2024 O2 Power Private Limited has signed a Power Purchase Agreement (PPA) with East Central Railways (ECR) for the supply of 100 MW Round-The-Clock (RTC) Renewable Energy (RE) power in India. In January 2024, O2 Power won 100 MW RTC RE power project at a tariff of Rs 4.37 per kWh. Bids for supply of 750 MW RTC RE power projects with or without storage anywhere in India were…
Author: PPD Team Date: November 28, 2024 India has signed a Project Implementation Agreement (PIA) with the International Solar Alliance (ISA) to execute solar energy projects in Fiji, Comoros, Madagascar, and Seychelles. This initiative, aligned with the Quad Climate Working Group’s agenda, focuses on addressing energy challenges and supporting sustainable development in the Indo-Pacific region. The agreement, formalized on November 26, 2024, supports the Wilmington Declaration made during the Quad Leaders’ Summit, where Quad countries—India,…
Author: PPD Team Date: February 3, 2025 The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved the launch of the National Critical Mineral Mission (NCMM) with an expenditure of Rs 163 billion and an expected investment of Rs 180 billion from PSUs and other stakeholders. Aligned with the Atmanirbhar Bharat initiative, the mission aims to strengthen India’s self-reliance in critical minerals, crucial for high-tech industries, clean energy, and defence. This move is…
Author: PPD Team Date: November 7, 2024 Indian Oil Corporation Limited (IOCL) has joined hands with Tirumala Tirupati Devasthanams (TTD) to build a 40 tonnes-per-day biogas plant in Tirumala, aiming to promote sustainable energy and effective waste management. TTD’s Additional Executive Officer Ch. Venkaiah Chowdary laid the foundation stone for the project alongside IOCL’s Executive Director and State Head B. Anil Kumar. The biogas plant will use mixed waste, including banana leaves, food scraps, grass,…
Author: PPD Team Date: December 5, 2024 Schneider Electric has launched the Galaxy VXL uninterruptible power supply (UPS), claiming it to be the industry’s most compact, high-density UPS designed for AI, data centers, and large-scale electrical workloads. The Galaxy VXL offers 52% space savings compared to the industry average, delivering up to 1.25 MW of modular power with a power density of 1042 kW/m² in a smaller footprint. Additionally, Schneider Electric introduced a new data…
Author: PPD Team Date: March 2, 2026 Waaree Energies Limited stated that the US Department of Commerce’s preliminary countervailing duty (CVD) of 126% on solar modules using India-manufactured cells does not pose a material risk to its operations or financial guidance. The clarification was issued during a special analyst and institutional investor call held on February 25, 2026. Senior management, including Amit Paithankar, Whole-Time Director and Chief Executive Officer (CEO); Sonal Shrivastava, Chief Financial Officer…