Purvah Green Power Private Limited (PGPPL), a wholly owned subsidiary of CESC Limited, has signed a share purchase agreement (SPA) to acquire a 100 per cent stake in Deshraj Solar Energy Private Limited.
Upon completion, Deshraj Solar Energy will become a step-down subsidiary of CESC. This acquisition aligns with CESC’s strategy to expand its presence in the renewable energy sector.
Torrent Power Limited reported a 3% year-on-year increase in consolidated revenue from operations for the quarter ended June 30, 2026, while higher financing costs linked to its ongoing capacity expansion weighed on overall profitability. Revenue from operations rose to Rs 8,124 crore during Q1 FY2027. Earnings before interest, tax, depreciation and amortisation (EBITDA) increased 2%…
Tata Power plans to invest around Rs 1.46 trillion to double its operational capacity to 32 GW by 2030, according to CEO and MD Praveer Sinha. As of FY24, the company’s installed capacity stood at 15.6 GW, with 6.7 GW in renewables. By 2030, Tata Power aims to reach 31.9 GW, with 23 GW from…
KP Green Engineering Limited has secured fresh confirmed orders worth Rs 239.61 crore, including taxes, from multiple clients across the power, renewable energy and infrastructure sectors. The orders are scheduled for execution during the current financial year. Power sector orders account for Rs 135.22 crore of the total order value, led by solar projects worth…
Bondada Engineering Limited has commissioned a total of 78.3 MW of solar power projects for NLC Limited, Paradigm IT, and Maharashtra State Power Generation Company Limited across multiple sites in Tamil Nadu and Maharashtra. The commissioned clusters include Neyveli in Tamil Nadu, and Amaravati, Hingoli, Dhule, and Pathardi in Maharashtra. The projects were completed despite…
Adani Power Limited has received a Letter of Award from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the long-term supply of 1,600 MW of thermal power. The company disclosed the development to stock exchanges on Saturday. The award followed a competitive bidding process in which Adani Power emerged as the lowest-tariff bidder, quoting Rs…
Siemens and Tietoevry, a Nordic digital engineering and software company, have joined forces to enhance the digital transformation of the power utilities sector in Northern and Central Europe. The collaboration integrates Siemens’ Gridscale X software platform with Tietoevry’s IT services, offering advanced solutions for grid operators to manage energy transition challenges effectively. Tietoevry’s energy solutions…