Author: PPD Team Date: January 14, 2025
Lupin Limited has acquired a 42.61% equity stake in Sunsure Solarpark Seventeen Private Limited.
This follows the share subscription and shareholders agreement with Sunsure Solarpark and Sunsure Energy Private Limited, involving an equity investment of Rs 105.53 million, to be executed in two tranches.
Author: PPD Team Date: December 19, 2025 Patel Engineering Ltd has signed a Memorandum of Understanding (MoU) with the Government of Arunachal Pradesh for the restoration and development of the 144 MW Gongri Hydropower Project in West Kameng district. The project revival is part of the state’s efforts to expand hydropower capacity in the Northeast. The Gongri Hydroelectric Project is located near Dirang town on the Gongri river, a tributary of the Bichom river in…
Author: PPD Team Date: May 11, 2025 Coal India Limited (CIL) has signed a Memorandum of Understanding (MoU) with AM Green Ammonia (India) Private Limited to set up 4,500 MW of wind-solar hybrid power capacity in India. The agreement was signed on May 7, 2025. AM Green Ammonia is a wholly-owned subsidiary of AM Green Energy Private Limited. Under the partnership, CIL will develop approximately 2,500 MW to 3,000 MW of solar and 1,500 MW…
Author: PPD Team Date: February 27, 2025 Indian Railway Finance Corporation (IRFC) has sanctioned a rupee term loan of Rs 75 billion to NTPC Renewable Energy Limited (NTPC REL), a subsidiary of NTPC Green Energy Limited. In January 2025, NTPC REL invited bids for up to Rs 200 billion for capital expenditure on various projects, including loan refinancing and general corporate purposes. The funding will support the development of renewable energy projects, including solar, wind,…
Author: PPD Team Date: February 26, 2026 NTPC Green Energy Limited has commissioned the first 50 MW phase of its 200 MW Dayapar Wind Energy Project Phase II in Gujarat. The capacity was declared commercially operational effective from 00:00 hours on February 26, 2026. The project is being developed by NTPC Renewable Energy Limited (NREL), a wholly owned subsidiary of NTPC Green Energy. According to a regulatory filing dated February 25, 2026, the commissioning increases…
Author: PPD Team Date: June 2, 2025 SAEL Solar MHP1 Private Limited, a special purpose vehicle (SPV) of Sukhbir Agro Energy Limited (SAEL), has achieved financial closure for a 300 MW solar project in Kurnool, Andhra Pradesh. The project is part of the 600 MW Inter-State Transmission System (ISTS)-Connected Solar Power Project (Tranche-XI) awarded by the Solar Energy Corporation of India (SECI). The SPV has secured Rs 11.27 billion (USD 132 million) in long-term debt…
Author: PPD Team Date: January 13, 2025 Dakshin Gujarat Vij Company Limited (DGVCL) has issued Letters of Intent (LoIs) to four firms for the development of 127 MW decentralised solar power projects under component C of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) program in Gujarat. Details of the firms and their respective projects: KPI Green Energy Limited: 51 MW across 15 locations at a tariff range of Rs 2.28-3 per kWh….