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CIL forms JV with RRVUNL to develop renewable projects
CIL India Limited (CIL) has incorporated a new joint venture company, CIL Rajasthan Akshay Urja Limited, on June 12, 2025, to develop renewable energy projects in Rajasthan. The joint venture has been formed under a Joint Venture Agreement (JVA) signed between CIL and Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL). The JV company will focus…
Bajel Projects reports margin expansion in Q3 FY26 results
Bajel Projects Limited announced its financial results for the third quarter and nine-month period ended December 31, 2025, reporting a sharp improvement in profitability. The company said the expansion in margins was driven by a strategic shift toward higher value and more complex power transmission projects. For the nine-month period of FY26, Bajel Projects Limited…
NTPC Green Energy forms JV with UPRVUNL
NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, has partnered with Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) to create a joint venture (JV) for renewable energy parks and projects. NGEL holds a 51% stake, subscribing to 51,000 equity shares at Rs 10 each, while UPRVUNL retains 49%. The JV will focus…
Rajasthan signs MoUs worth Rs 104.5 billion for renewable energy projects
The Government of Rajasthan (GoR) has signed Memorandum of Understandings (MoUs) valued at Rs 104.5 billion with Prudential Sugar Corporation Limited and Oriana Power Private Limited for renewable energy (RE) projects under the “Rising Rajasthan Global Investment Summit 2024.” The MoUs include: An MoU worth Rs 4.5 billion with Prudential Sugar for the establishment of…
Westinghouse and Hyundai partner to explore nuclear power opportunities in Sweden and Finland
Westinghouse Electric has partnered with Hyundai Engineering & Construction to pursue nuclear power plant (NPP) projects in Sweden and Finland. The collaboration will focus on deploying Westinghouse’s AP1000 reactor technology, with Westinghouse handling the design and technology development and Hyundai contributing its construction expertise. This partnership builds on a 2022 agreement between the companies to…
Servotech Power Systems launches new solar product line
Servotech Power Systems Limited (Servotech) has introduced a new range of solar products, including solar on-grid inverters with capacities from 1 kW to 100 kW, and solar hybrid inverters available in single-phase (2 kW to 7.5 kW) and three-phase (10 kW to 22.5 kW) options. The product lineup also includes solar micro inverters in 800…
