Author: PPD Team Date: December 19, 2024
Kalpataru Projects International Limited (KPIL) has successfully raised Rs 10 billion through a qualified institutional placement (QIP).
The proceeds will be used to strengthen the company’s balance sheet, improve financial flexibility, and support its growth initiatives.
Author: PPD Team Date: October 28, 2024 KEC International has secured new orders worth Rs 11.42 billion across its various business segments: Transmission & Distribution (T&D): Orders for projects in the Middle East and Americas, including a 380 kV transmission line in Saudi Arabia and the supply of towers, hardware, and poles in the Americas. Railways: An order for constructing bridges and associated works for a railway line in India’s conventional segment. Cables: Orders for…
Author: PPD Team Date: January 17, 2025 Plug Power has signed a purchase agreement with Allied Green Ammonia (AGA) to supply 3 GW of electrolyser capacity for AGA’s green hydrogen-to-ammonia plant in Australia. The plant will also include a 4.5 GW solar facility to power the electrolysers with zero-emission electricity, targeting a production capacity of 2,700 metric tonnes of green ammonia per day. As part of the agreement, Plug Power will deliver a Basic Engineering…
Author: PPD Team Date: January 21, 2026 Genus Power Infrastructures Limited has signed an agreement to acquire the remaining 86.49% equity stake in Newlectric Innovation Private Limited (NIPL), making it a wholly owned subsidiary. The acquisition, valued at Rs 25.23 crore, was disclosed in a regulatory filing to the stock exchanges on 20 January 2026. The transaction is being executed through a Share Purchase Agreement. Before entering into this agreement, Genus Power held a 13.51%…
Author: PPD Team Date: February 20, 2026 NLC India Limited is progressing with its renewable energy expansion and aims to add around 2 GW of capacity by the end of the current financial year, according to details shared during an investor call by M. Prasanna Kumar, Director. The company is working toward a broader target of 8 GW by 2028 and 10 GW by 2030, supported by an expanding project pipeline and several joint ventures….
Author: PPD Team Date: February 2, 2025 The Economic Survey 2024-25 argues against shutting down coal-based power plants, citing a lack of economic rationale. It states that India should focus on becoming a developed country by 2047 before targeting net-zero emissions by 2070. India’s coal-fired power plants, mostly commissioned in the 2010s, still have substantial lifespans. Unlike the US and Europe, which can transition to natural gas, India relies on coal due to its reserves…
Author: PPD Team Date: August 7, 2025 Torrent Power Limited has announced a capital investment plan of Rs 500 billion over the next three to four years. The funds will be used to expand its renewable energy portfolio and strengthen transmission and distribution networks. The company aims to increase its renewable energy capacity to 10 GW by 2030, up from 1.75 GW currently. Out of the total planned investment, Rs 200 billion will be directed…