Author: PPD Team Date: 26/11/2024 NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, and Maharashtra State Power Generation Company Limited (MAHAGENCO) have established a joint venture company, MAHAGENCO NTPC Green Energy Private Limited...

Author: PPD Team Date: 26/11/2024 Siemens Limited posted strong Q4 FY 2024 financial results, with a 45% increase in profit after tax to Rs 7.75 billion and an 11% revenue rise to Rs 58.94 billion. New orders grew by 37% to Rs 61.64 billion.  For the...

Author: PPD Team Date: 26/11/2024 Adani Green Energy Limited (AGEL) has established a new wholly-owned subsidiary, Adani Hydro Energy Five Limited (AHE5L), through its subsidiary Adani Saur Urja (KA) Limited.  Incorporated on November 26, 2024, AHE5L...

Author: PPD Team Date: 26/11/2024 NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, has signed a Memorandum of Understanding (MoU) with Chhattisgarh State Power Generation Company Limited (CSPGCL) to develop renewable energy projects...

Author: PPD Team Date: 26/11/2024 Solarworld Energy Solutions Limited has raised Rs 1.1 billion through a pre-IPO placement, reducing the fresh issue component of its IPO from Rs 5.5 billion to Rs 4.4 billion.  Initially, the company planned to raise...

Author: PPD Team Date: 26/11/2024 India has strongly opposed the adoption of a $300 billion annual climate finance package for the Global South by 2035 at the UN climate conference COP29 in Baku, Azerbaijan.  India argued the package is inadequate...

Author: PPD Team Date: 26/11/2024 The Union Minister for Power and Housing and Urban Affairs inaugurated NTPC’s Green Hydrogen Mobility Project in Leh.  It includes a 1.7 MW in-situ solar plant, a green hydrogen filling station with 80 kg/day...

Author: PPD Team Date: 26/11/2024 The Ministry of Coal has executed agreements for three fully explored coal blocks, increasing the total number auctioned to 104 since the commencement of commercial coal mining. The Meenakshi and Rampia & Dip...

Author: PPD Team Date: 26/11/2024 Waaree Technologies Limited has received a purchase order from Waaree Renewable Technologies Limited for 530 solar kits, comprising batteries and solar-powered street lights.  The order is scheduled for delivery...

Author: PPD Team Date: 26/11/2024 NTPC Green Energy Limited (NGEL), a wholly owned subsidiary of NTPC, received an overall subscription of 2.4 times for its initial public offering (IPO) on the final day of bidding. The IPO offered 593 million equity...

Author: PPD Team Date: 26/11/2024 French energy company TotalEnergies has suspended new financial contributions to the Adani Group following indictments of Adani Group executives by US authorities over alleged corruption linked to Adani Green Energy...

Author: PPD Team Date: 26/11/2024 Rajesh Power Services Limited has launched its initial public offering (IPO), open for subscription until November 27, 2024.  The IPO is valued at Rs 1.61 billion, with a price band of Rs 319 to Rs 335 per equity...

Author: PPD Team Date: 26/11/2024 Power Grid Corporation of India Ltd (PGCIL) has received the letter of intent (LoI) for developing the ISTS-TBCB scheme under “Rajasthan IV 4A Power Transmission Ltd.”  The LoI, issued on November 25, 2024, pertains...

Author: PPD Team Date: 26/11/2024 The Cabinet Committee on Economic Affairs (CCEA) has approved an investment of Rs 36.89 billion for two hydropower projects in Arunachal Pradesh to enhance the region’s power supply and support the national grid. ...

Author: PPD Team Date: 26/11/2024 Bharat Heavy Electricals Limited (BHEL) has awarded a Rs 52.28 million contract to  PK Unique Projects Pvt. Ltd., Chennai, for civil, structural, and architectural works, including supply, as part of the renovation...

Author: PPD Team Date: 26/11/2024 Sterlite Power Transmission Ltd has been awarded a contract valued at Rs 545 million by Power Grid Corporation of India Limited (PGCIL) for the supply and installation of Optical Ground Wire (OPGW) under the 9th and...

Author: PPD Team Date: 26/11/2024 A consortium of Bharat Heavy Electricals (BHEL) and Hitachi Energy India has secured a contract from Power Grid Corporation of India (PGCIL) for the Khavda-Nagpur High Voltage Direct Current (HVDC) transmission...

Author: PPD Team Date: 26/11/2024 Bharat Heavy Electricals Limited (BHEL) is set to commission nine GW of thermal power generation capacity in the current financial year.  This addition, valued at approximately Rs 650 billion, will contribute to the...

Author: PPD Team Date: 26/11/2024 Eminent Electricity Distribution, a subsidiary of CESC under the RP-Sanjiv Goenka Group, has secured a letter of intent (LoI) to acquire 100 per cent equity in Chandigarh’s electricity distribution and retail...

Author: PPD Team Date: 25/11/2024 Avaada Aqua Batteries, a subsidiary of Avaada Group, has signed a Memorandum of Understanding (MoU) with the Rajasthan government to establish a 1.2 GW pumped storage project (PSP) in the Sirohi district.  With a...