Power Mech Projects Limited has secured a Rs 1.86 billion contract from Jaiprakash Power Ventures Limited (JPVL) to provide operation and maintenance (O&M) services for the 2×660 MW Jaypee Nigrie super thermal power plant in Madhya Pradesh.
The contract covers five years, with a first-year value of Rs 31 million per month. From January 2026, a monthly price escalation will apply based on the wholesale price index.
NHPC Limited achieved two operational milestones at its 2,000 MW Subansiri Lower Hydroelectric Project in Arunachal Pradesh and Assam during the intervening night of 31 January and 1 February 2026. The first milestone was the synchronisation of the third unit, designated as Unit 1 of 250 MW, with the National Grid at 21:00 hours on…
The Karnataka Power Transmission Corporation Limited (KPTCL) has initiated the transition from conventional mineral oil to biodegradable natural ester oil in its high-voltage transformer network. According to KPTCL, the move is intended to improve grid safety, reduce environmental risks, and enhance the operational life of critical transmission infrastructure. Natural ester oil is considered an environment-friendly…
Shakti Pumps Limited has set up a wholly owned subsidiary, Shakti EV Mobility Private Limited, with a consolidated investment of Rs 350 million through the subscription of 3,000,000 equity shares of Rs 10 each. The new entity will focus on manufacturing, processing, trading, and distributing electric vehicle (EV) motors and charger controllers. The subsidiary aims…
ACME Solar Holdings Limited (ASHL) has commissioned the second phase of its Battery Energy Storage System (BESS) project in Rajasthan through its wholly owned subsidiary, ACME Sun Power Private Limited. The newly commissioned phase adds 33.335 MW / 160.51 MWh of storage capacity and achieved Commercial Operation Date (COD) on March 14, 2026. The second…
Bajaj Electricals Limited has appointed Ashween Anand as Chief Financial Officer (CFO), effective May 16, 2026. In her new role, Anand will lead the company’s finance function and oversee financial strategy, capital allocation, governance, compliance, and transformation initiatives. Anand brings more than 16 years of experience across finance, strategy, and governance. During her career, she…
Gensol Engineering Limited has reported a net profit of Rs 228.9 million for the quarter ending September 2024, marking a 28.96% increase from Rs 177.5 million in the same quarter last year. The company’s total income rose by 13.76% to Rs 3,468.2 million, up from Rs 3,048.7 million in the corresponding period of the previous…