News Subsections
News India Global

GK Energy files DRHP for Rs 5 billion IPO to raise funds

Author: PPD Team Date: 19/12/2024 GK Energy Limited has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India to raise funds through an initial public offering (IPO). The IPO consists of a fresh issue of shares...

Insolation Energy to set up 3 GW solar manufacturing facility in Madhya Pradesh

Author: PPD Team Date: 19/12/2024 Insolation Energy Limited has received 45 acres of land from the Madhya Pradesh government to establish a solar manufacturing facility.  The proposed unit will have a production capacity of 3 GW for solar cells, 4 GW...

BMC and Oil India Limited to set up biogas plant in Bhubaneswar

Author: PPD Team Date: 19/12/2024 The Bhubaneswar Municipal Corporation (BMC) has partnered with Oil India Limited (OIL) to establish a biogas plant in Nayapalli, Bhubaneswar, as part of a waste-to-wealth initiative. The facility will process wet...

IMFA partners with JSW Green Energy for 70 MW renewable energy supply

Author: PPD Team Date: 19/12/2024 Indian Metals & Ferro Alloys (IMFA) has formed a joint venture with JSW Green Energy to source 70 MW of renewable energy for its smelting operations.  IMFA has signed a binding term sheet with JSW Green Energy...

Grew Energy to supply solar modules for Jindal Renewables’ Rajasthan project

Author: PPD Team Date: 19/12/2024 Grew Energy has announced it will supply 500 MW of solar modules for Jindal Renewables’ solar power project in Rajasthan.  Jindal Renewables is developing around 3 GW of renewable energy assets with power...

Honeywell to provide building automation solutions for Exide Energy’s lithium-ion gigafactory

Author: PPD Team Date: 19/12/2024 Honeywell has secured a contract to deliver building automation solutions for Exide Energy Solutions Ltd (EESL), a subsidiary of Exide Industries Ltd. The project will involve deploying Honeywell’s Enterprise...

CERC grants final transmission licence to PGCIL’s Bhadla-III Transmission

Author: PPD Team Date: 19/12/2024 The Central Electricity Regulatory Commission (CERC) has granted a final transmission licence to “Bhadla-III Transmission Ltd,” a wholly-owned TBCB subsidiary of Power Grid Corporation of India Ltd (PGCIL).  The...

Seven firms win bids for 500 MW solar projects under GUVNL Phase XXV

Author: PPD Team Date: 19/12/2024 On December 19, 2024, Gujarat Urja Vikas Nigam Limited (GUVNL) announced the winners of its 500 MW Solar Photovoltaic (PV) Power Projects under Phase XXV without energy storage systems (ESS). The successful bidders...

Federal Bank and Ecofy collaborate to finance MSME solar projects

Author: PPD Team Date: 19/12/2024 Federal Bank has partnered with Ecofy, a green-focused NBFC backed by Eversource Capital, to offer financing solutions for MSMEs investing in rooftop solar installations. The program targets financing 3,600 kW of...

KPIL raises Rs 10 billion via QIP

Author: PPD Team Date: 19/12/2024 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...

Powergrid to raise up to Rs 42.50 billion via 10-year bonds

Author: PPD Team Date: 19/12/2024 Power Grid Corporation of India Limited (PGCIL) has approved raising up to Rs 42.50 billion through the private placement of bonds. The funds will be raised under the Powergrid bonds – LXXX (80th Issue), which are...

India’s renewable energy capacity addition doubles to 15 GW in FY24

Author: PPD Team Date: 19/12/2024 India has added nearly 15 GW of renewable energy capacity between April and November this financial year, almost double the 7.54 GW added during the same period last year.  Speaking at the CII International Energy...

Sembcorp wins solar plus BESS project from SECI

Author: PPD Team Date: 19/12/2024 Sembcorp Green Infra (SGIPL), a unit of Sembcorp Industries, has secured a 150 MW solar project with a 300 MWh battery energy storage system (BESS) from Solar Energy Corporation of India (SECI). SGIPL has received...

Rajasthan signs MoUs worth Rs 104.5 billion for renewable energy projects

Author: PPD Team Date: 18/12/2024 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)...

NHPC partners with BEML to develop solutions for hydro plants

Author: PPD Team Date: 18/12/2024 NHPC has partnered with BEML to explore opportunities for developing desilting and dredging solutions for hydroelectric power plants.  These solutions will also help mitigate urban waterlogging during monsoons by...

RMC Switchgears to supply 5,000 solar pumps in Maharashtra

Author: PPD Team Date: 18/12/2024 RMC Switchgears has received a letter of acceptance (LoA) from a system integrator for the supply, installation, and commissioning of 5,000 solar pumps in Maharashtra.  The project, valued at Rs 900 million, includes...

FGD retrofitting in thermal power plants reaches 11% of total capacity

Author: PPD Team Date: 18/12/2024 The retrofitting of thermal power plants with flue-gas desulphurization (FGD) units has reached only 11.1% of the total installed capacity, according to a report presented in Parliament. Union Power Minister Manohar...

Modi Biotech to expand ethanol capacity with Rs 1 billion investment

Author: PPD Team Date: 18/12/2024 Modi Biotech Private Limited (MBPL), a subsidiary of Modi Naturals Limited, will invest Rs 1 billion to expand its ethanol production capacity.  The project will add 180 kilolitres per day (KLD) to the current 130...

KKR sells 2.6% stake in India Grid Trust for Rs 2.77 billion

Author: PPD Team Date: 18/12/2024 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...

Sterlite Power raises Rs 7.25 billion to expand global operations

Author: PPD Team Date: 18/12/2024 Sterlite Power Limited has raised Rs 7.25 billion in its first primary fundraising since becoming independent. The funds were raised through its global products and solutions business. This marks the first...

Recent Posts

Power Sector News Roundup for July 23, 2025

Author: PPD Team Date: 23/07/2025 Global UK clears final investment for Sizewell C nuclear project...

UK clears final investment for Sizewell C nuclear project

Author: PPD Team Date: 23/07/2025 The UK government has approved the final investment decision for...

Torrent Power outlines Rs 500 bn investment in renewables and grid infrastructure

Author: PPD Team Date: 23/07/2025 Torrent Power plans to invest Rs 50,000 crore over the next three...

Adani promoters raise stake in AGEL through warrant conversion

Author: PPD Team Date: 23/07/2025 Ardour Investment Holding, a promoter entity of the Adani Group...

India’s first indigenous geothermal power plant to be built in Arunachal

Author: PPD Team Date: 23/07/2025 India’s first fully indigenous geothermal power project will be...

Chandigarh races ahead in solar push with new 4 MWp floating plant

Author: PPD Team Date: 23/07/2025 The Chandigarh Administration is expanding its use of floating...

Centre explores battery storage for thermal power to offset renewable volatility

Author: PPD Team Date: 23/07/2025 The power ministry is examining the use of battery energy storage...

DPE approves leaner board structure for THDC and NEEPCO

Author: PPD Team Date: 23/07/2025 The Department of Public Enterprises (DPE) has approved a...

NTPC REL signs MoU with GEDA for 300 MW RE projects

Author: PPD Team Date: 23/07/2025 NTPC Renewable Energy Limited (NTPC REL) has signed a Memorandum...

Tata Power’s Mundra plant shut since July 1 amid tariff uncertainty

Author: PPD Team Date: 23/07/2025 All five units of Tata Power’s Mundra power plant have remained...