Rajasthan signs MoU with RMC Switchgears for 1,000 MW solar park
Author: PPD Team Date: 13/11/2024
Author: PPD Team Date: 13/11/2024
The Government of Rajasthan signed a Memorandum of Understanding (MoU) with RMC Switchgears Limited on November 9, 2024, to set up a 1,000 MW Ultra Mega Solar Park Project (UMSPP) with an integrated Battery Energy Storage System (BESS).
The project is slated for completion by 2026.
Author: PPD Team Date: 20/02/2025 Larsen & Toubro Limited (L&T) has acquired the remaining 26% stake in L&T Special Steels and Heavy Forgings Private Limited (LTSSHF) from Nuclear Power Corporation of India Limited (NPCIL), making it a wholly owned subsidiary. With full ownership, L&T aims to expand LTSSHF’s offerings beyond the energy sector and improve overall utilization through additional investments. The acquisition includes 1.47 billion equity shares, 1.67 billion preference shares, and a secured loan…
Author: PPD Team Date: 02/07/2025 Juniper Green Energy and Rayzon Solar Limited have filed draft red herring prospectuses (DRHPs) with SEBI to raise a total of Rs 45 billion through initial public offerings (IPOs) of equity shares. Juniper Green Energy aims to raise over Rs 30 billion. The IPO will be a pure fresh issue, with no offer-for-sale component. Of the total proceeds, Rs 10.92 billion will go toward debt repayment and Rs 11.57 billion…
Author: PPD Team Date: 10/12/2024 PFC Consulting Limited (PFCCL), a wholly owned subsidiary of Power Finance Corporation Limited, has established a special purpose vehicle (SPV) named NER Expansion Transmission Limited. The SPV is tasked with developing the “North-Eastern Region Expansion Scheme-XXV Part-A (NERES-XXV Part-A).” The Ministry of Power has appointed PFCCL as the bid process coordinator to select a transmission service provider through a tariff-based competitive bidding process.
Author: PPD Team Date: 18/06/2025 CG Power and Industrial Solutions Limited has secured its largest-ever single order — a Rs 641-crore contract from Power Grid Corporation of India Limited (PGCIL). The order is for 765kV Transformer Package 7TR-12-Bulk. It covers the supply of 765/400kV single-phase transformers under a corporate procurement package. PGCIL had invited bids for this in December 2024. Other bidders included Bharat Heavy Electricals Limited (BHEL) and GE Vernova T&D India Limited. Earlier…
Author: PPD Team Date: 02/04/2025 Bharat Grid Private Limited has won a contract worth Rs 22,739.73 million to provide Advanced Metering Infrastructure (AMI) services for smart prepaid metering in Paschim Gujarat Vij Company Limited (PGVCL). The project will be executed on a design, build, finance, own, operate, and transfer (DBFOOT) basis under Phase II of the Gujarat Revamped Distribution Sector Scheme (RDSS). REC Power Distribution Company Limited (REC PDCL) invited bids for the contract in…
Author: PPD Team Date: 12/05/2025 Husk Power Systems has launched BEEM, a new rooftop solar platform tailored to meet the specific needs of residential users in India. The platform is designed for flat rooftops, common in Indian homes, and includes two product lines, Aura and Eternia. BEEM offers a fully online experience powered by AI-enabled digital tools. Homeowners can size their systems, select products, and book installations remotely. The platform also provides real-time generation data…
Author: PPD Team Date: 20/02/2025 Larsen & Toubro Limited (L&T) has acquired the remaining 26% stake in L&T Special Steels and Heavy Forgings Private Limited (LTSSHF) from Nuclear Power Corporation of India Limited (NPCIL), making it a wholly owned subsidiary. With full ownership, L&T aims to expand LTSSHF’s offerings beyond the energy sector and improve overall utilization through additional investments. The acquisition includes 1.47 billion equity shares, 1.67 billion preference shares, and a secured loan…
Author: PPD Team Date: 02/07/2025 Juniper Green Energy and Rayzon Solar Limited have filed draft red herring prospectuses (DRHPs) with SEBI to raise a total of Rs 45 billion through initial public offerings (IPOs) of equity shares. Juniper Green Energy aims to raise over Rs 30 billion. The IPO will be a pure fresh issue, with no offer-for-sale component. Of the total proceeds, Rs 10.92 billion will go toward debt repayment and Rs 11.57 billion…
Author: PPD Team Date: 10/12/2024 PFC Consulting Limited (PFCCL), a wholly owned subsidiary of Power Finance Corporation Limited, has established a special purpose vehicle (SPV) named NER Expansion Transmission Limited. The SPV is tasked with developing the “North-Eastern Region Expansion Scheme-XXV Part-A (NERES-XXV Part-A).” The Ministry of Power has appointed PFCCL as the bid process coordinator to select a transmission service provider through a tariff-based competitive bidding process.
Author: PPD Team Date: 18/06/2025 CG Power and Industrial Solutions Limited has secured its largest-ever single order — a Rs 641-crore contract from Power Grid Corporation of India Limited (PGCIL). The order is for 765kV Transformer Package 7TR-12-Bulk. It covers the supply of 765/400kV single-phase transformers under a corporate procurement package. PGCIL had invited bids for this in December 2024. Other bidders included Bharat Heavy Electricals Limited (BHEL) and GE Vernova T&D India Limited. Earlier…
Author: PPD Team Date: 02/04/2025 Bharat Grid Private Limited has won a contract worth Rs 22,739.73 million to provide Advanced Metering Infrastructure (AMI) services for smart prepaid metering in Paschim Gujarat Vij Company Limited (PGVCL). The project will be executed on a design, build, finance, own, operate, and transfer (DBFOOT) basis under Phase II of the Gujarat Revamped Distribution Sector Scheme (RDSS). REC Power Distribution Company Limited (REC PDCL) invited bids for the contract in…
Author: PPD Team Date: 12/05/2025 Husk Power Systems has launched BEEM, a new rooftop solar platform tailored to meet the specific needs of residential users in India. The platform is designed for flat rooftops, common in Indian homes, and includes two product lines, Aura and Eternia. BEEM offers a fully online experience powered by AI-enabled digital tools. Homeowners can size their systems, select products, and book installations remotely. The platform also provides real-time generation data…
Author: PPD Team Date: 20/02/2025 Larsen & Toubro Limited (L&T) has acquired the remaining 26% stake in L&T Special Steels and Heavy Forgings Private Limited (LTSSHF) from Nuclear Power Corporation of India Limited (NPCIL), making it a wholly owned subsidiary. With full ownership, L&T aims to expand LTSSHF’s offerings beyond the energy sector and improve overall utilization through additional investments. The acquisition includes 1.47 billion equity shares, 1.67 billion preference shares, and a secured loan…
Author: PPD Team Date: 02/07/2025 Juniper Green Energy and Rayzon Solar Limited have filed draft red herring prospectuses (DRHPs) with SEBI to raise a total of Rs 45 billion through initial public offerings (IPOs) of equity shares. Juniper Green Energy aims to raise over Rs 30 billion. The IPO will be a pure fresh issue, with no offer-for-sale component. Of the total proceeds, Rs 10.92 billion will go toward debt repayment and Rs 11.57 billion…