Author: PPD Team Date: 18/12/2024
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: 20/01/2025 NHPC Limited invited bids for Lot-3: Main Dam including Coffer Dam of the Dibang Multipurpose Project in December 2024. Six firms—APS Enterprises, Larsen and Toubro Limited (L&T), NCC Limited, Patel Engineering Limited (PEL), Rithwik Projects Private Limited, and Hindustan Construction Company Limited (HCC)—submitted bids. The project will develop 12 units of 240 MW each (2,880 MW) on the Dibang River in the Lower Dibang Valley district, Arunachal Pradesh, at an…
Author: PPD Team Date: 23/05/2025 Waaree Renewable Technologies Limited has announced the incorporation of a new wholly owned subsidiary, Sunsational Power Private Limited, to strengthen its presence in the solar energy sector. The subsidiary, set up with an authorised capital of Rs 0.1 million, is awaiting its certificate of incorporation and has not yet commenced commercial operations. It will operate exclusively within the solar renewable energy domain. The announcement comes alongside Waaree’s strong financial performance…
Author: PPD Team Date: 24/03/2025 The Indian Renewable Energy Development Agency (IREDA) has launched its first-ever perpetual bonds, raising Rs 12.47 billion at an annual coupon rate of 8.40 per cent. This move aims to optimize its capital structure and take advantage of favourable market conditions. The bond issuance is a key step in enhancing IREDA’s Tier-I capital, ensuring a stronger financial foundation to support India’s growing green energy infrastructure. Alongside this, IREDA has received…
Author: PPD Team Date: 20/12/2024 NHPC Limited plans to invest Rs 55 billion in Bihar’s renewable energy sector to support India’s energy transition. The company is set to sign a memorandum of understanding with the state government for projects including solar power, floating solar, and battery storage solutions. NHPC highlighted the potential for renewable energy projects with battery storage to ensure round-the-clock green power supply. NHPC has sought the state government’s support in expediting approvals…
Author: PPD Team Date: 23/12/2024 Ganesh Green Bharat Limited has secured a Rs 571.2 million contract from Kirloskar Solar Technologies Private Limited for developing 40 MW solar power projects across multiple states, including Maharashtra. The contract, awarded on December 19, 2024, involves the supply of non-DCR monocrystalline PERC solar photovoltaic modules for the projects.
Author: PPD Team Date: 26/05/2025 Ganpati Infrapower Private Limited has secured a Rs 1,418 million contract to build a 2×5 MVA, 33/11 kV substation at Shri Kedarnath Dham Ji in Uttarakhand. The tender was floated by Uttarakhand Power Corporation Limited (UPCL) in December 2024. Following a competitive bidding process, Ganpati Infrapower emerged as the winning bidder. The project involves complete construction of the substation infrastructure. The work is scheduled to be completed in 3 years….
Author: PPD Team Date: 20/01/2025 NHPC Limited invited bids for Lot-3: Main Dam including Coffer Dam of the Dibang Multipurpose Project in December 2024. Six firms—APS Enterprises, Larsen and Toubro Limited (L&T), NCC Limited, Patel Engineering Limited (PEL), Rithwik Projects Private Limited, and Hindustan Construction Company Limited (HCC)—submitted bids. The project will develop 12 units of 240 MW each (2,880 MW) on the Dibang River in the Lower Dibang Valley district, Arunachal Pradesh, at an…
Author: PPD Team Date: 23/05/2025 Waaree Renewable Technologies Limited has announced the incorporation of a new wholly owned subsidiary, Sunsational Power Private Limited, to strengthen its presence in the solar energy sector. The subsidiary, set up with an authorised capital of Rs 0.1 million, is awaiting its certificate of incorporation and has not yet commenced commercial operations. It will operate exclusively within the solar renewable energy domain. The announcement comes alongside Waaree’s strong financial performance…
Author: PPD Team Date: 24/03/2025 The Indian Renewable Energy Development Agency (IREDA) has launched its first-ever perpetual bonds, raising Rs 12.47 billion at an annual coupon rate of 8.40 per cent. This move aims to optimize its capital structure and take advantage of favourable market conditions. The bond issuance is a key step in enhancing IREDA’s Tier-I capital, ensuring a stronger financial foundation to support India’s growing green energy infrastructure. Alongside this, IREDA has received…
Author: PPD Team Date: 20/12/2024 NHPC Limited plans to invest Rs 55 billion in Bihar’s renewable energy sector to support India’s energy transition. The company is set to sign a memorandum of understanding with the state government for projects including solar power, floating solar, and battery storage solutions. NHPC highlighted the potential for renewable energy projects with battery storage to ensure round-the-clock green power supply. NHPC has sought the state government’s support in expediting approvals…
Author: PPD Team Date: 23/12/2024 Ganesh Green Bharat Limited has secured a Rs 571.2 million contract from Kirloskar Solar Technologies Private Limited for developing 40 MW solar power projects across multiple states, including Maharashtra. The contract, awarded on December 19, 2024, involves the supply of non-DCR monocrystalline PERC solar photovoltaic modules for the projects.
Author: PPD Team Date: 26/05/2025 Ganpati Infrapower Private Limited has secured a Rs 1,418 million contract to build a 2×5 MVA, 33/11 kV substation at Shri Kedarnath Dham Ji in Uttarakhand. The tender was floated by Uttarakhand Power Corporation Limited (UPCL) in December 2024. Following a competitive bidding process, Ganpati Infrapower emerged as the winning bidder. The project involves complete construction of the substation infrastructure. The work is scheduled to be completed in 3 years….
Author: PPD Team Date: 20/01/2025 NHPC Limited invited bids for Lot-3: Main Dam including Coffer Dam of the Dibang Multipurpose Project in December 2024. Six firms—APS Enterprises, Larsen and Toubro Limited (L&T), NCC Limited, Patel Engineering Limited (PEL), Rithwik Projects Private Limited, and Hindustan Construction Company Limited (HCC)—submitted bids. The project will develop 12 units of 240 MW each (2,880 MW) on the Dibang River in the Lower Dibang Valley district, Arunachal Pradesh, at an…
Author: PPD Team Date: 23/05/2025 Waaree Renewable Technologies Limited has announced the incorporation of a new wholly owned subsidiary, Sunsational Power Private Limited, to strengthen its presence in the solar energy sector. The subsidiary, set up with an authorised capital of Rs 0.1 million, is awaiting its certificate of incorporation and has not yet commenced commercial operations. It will operate exclusively within the solar renewable energy domain. The announcement comes alongside Waaree’s strong financial performance…