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: February 26, 2025 India is evaluating a financial assistance plan for debt-laden state-run power distribution companies (DISCOMs) to maintain sector stability amid growing electricity demand, according to a Ministry of Power document cited by Reuters. A ministerial panel has been set up to determine which states require urgent funding, develop a fiscal discipline framework to prevent further debt accumulation, and explore ways to attract private investment. If approved, this would be…
Author: PPD Team Date: October 28, 2024 IndiGrid, Kintech Synergy, and H.G. Infra Engineering have emerged as winners in NTPC Vidyut Vyapar Nigam’s (NVVN) auction to develop 500 MW/1,000 MWh standalone battery energy storage systems (BESS) with Viability Gap Funding (VGF) support. NVVN, a subsidiary of NTPC, allocated 250 MW to IndiGrid 2 at a tariff of Rs 236,999 per MW per month. Kintech Synergy received 65 MW at Rs 237,490/MW/month, and H.G. Infra was…
Author: PPD Team Date: November 22, 2024 Axpo has been awarded a combined capacity of 163 MW in public tenders for solar and wind energy organized by the French Energy Regulatory Commission (CRE), as announced in November 2024. Axpo’s solar division, through its subsidiary Urbasolar, secured 124 MWp across 20 projects in nine French regions. These projects include ground-mounted, agricultural photovoltaic (PV), and floating PV installations. With this award, Axpo’s cumulative solar capacity from CRE…
Author: PPD Team Date: April 24, 2026 Hindustan Power has secured a 100 MW AC solar power project from Punjab State Power Corp. Ltd (PSPCL) to be developed in Punjab, with an estimated installed capacity of 140–150 MWp. The project was awarded through a tariff-based competitive bidding process followed by an e-reverse auction. Hindustan Power will enter into a 25-year Power Purchase Agreement (PPA) with PSPCL, providing long-term revenue visibility. The project is scheduled for…
Author: PPD Team Date: November 21, 2024 Mammoet has secured a contract with Buss Ports to handle the marshalling of wind turbine generator foundations for two of Europe’s largest offshore wind farms: RWE’s Nordseecluster A in Germany and Thor in Denmark. The Nordseecluster, situated in the eastern German North Sea, will have a total capacity of 1.6 GW, enough to power 1.6 million homes. Construction for Nordseecluster A (NC 1 and NC 2) is set…
Author: PPD Team Date: January 30, 2026 Major Indian power sector players show mixed Q3 FY26 results, reflecting varied market dynamics. Adani Power Limited posted a decline in performance for the third quarter of FY26. Net profit fell 18.9% year on year to Rs 2,479 crore, compared with Rs 3,057 crore in the same quarter last year. Revenue declined 8.9% to Rs 12,451 crore from Rs 13,671 crore. EBITDA stood at Rs 4,238 crore, down…