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.
JSW Energy Limited has completed the commissioning of the third and final 80 MW unit at its Kutehr Hydroelectric Power Plant in Chamba, Himachal Pradesh. This comes just days after the company began power dispatch from the project’s first 80 MW unit. Electricity from the entire 240 MW capacity is now being supplied to Haryana….
Suzlon Energy has secured a new contract from Sunsure Energy to supply and commission 48 wind turbines in Maharashtra. The project will be set up in the Jath region. Each turbine is rated at 2.1 MW, using Suzlon’s S120 model with a Hybrid Lattice Tubular (HLT) tower. The total planned capacity is 100.8 MW. Under…
The Project Monitoring Group (PMG) has proposed a major transmission scheme to support solar power zones in Rajasthan and Gujarat. The plan was discussed in a meeting held on July 3, 2025. PMG functions under Invest India, which is housed within the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce. The…
TOYO has signed a $150m solar cells supply contract with a leading solar module manufacturer to support production expansion in India and the United States. The company will utilize its manufacturing facilities in Vietnam and Ethiopia to produce advanced solar cells designed to enhance module efficiency and performance. This partnership strengthens TOYO’s market position and…
Punjab State Power Corporation Limited (PSPCL) has announced the outcome of its auction to procure 500 MW of solar power from projects located across India on a long-term basis. SAEL Industries emerged as the largest winner, securing 250 MW at a tariff of Rs 3.05 per kWh. Waaree Forever Energies, a subsidiary of Waaree Energies,…
Siemens has announced the acquisition of Trayer Engineering, a US-based company specializing in medium voltage secondary distribution switchgear, as part of its strategy to expand its grid modernization portfolio. While the financial details remain undisclosed, the acquisition will enhance Siemens’ capabilities in addressing challenges posed by extreme weather, particularly in secondary power distribution. By integrating…