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DRAIPL wins NERGS-III Siang Basin transmission project
Power Finance Corporation has announced the transfer of NERGS III Siang Basin Transmission Limited, a wholly owned subsidiary of PFC Consulting Limited, to Dineshchandra R Agrawal Infracon Private Limited (DRAIPL). The transfer was completed on May 26, 2026, following a competitive bidding process. The Special Purpose Vehicle (SPV) was created for the development of the…
India | Generation | NewsAzad Engineering signs turbine components supply deal with MHI
Azad Engineering Limited has signed an eight-year long-term contract and price agreement with Mitsubishi Heavy Industries Limited, Japan, to act as a single source supplier of highly engineered hot-section nozzle vane segments for gas turbine engines, according to a regulatory filing. The agreement marks a shift for the Hyderabad-based precision engineering company from manufacturing compressor-section…
Hitachi Energy achieves record order backlog of Rs 89.1 billion
Hitachi Energy India Ltd reported a record-high order backlog of Rs 89.1 billion as of September 30, 2024, marking unprecedented revenue visibility for upcoming quarters. Orders for the quarter ending September 30 totalled Rs 19.52 billion, reflecting an 11.7% year-on-year increase, driven largely by renewable projects in utilities, power quality, and substations. Notable contributions also…
Rondo Energy commissions world’s largest industrial heat battery
Rondo Energy has started commercial operation of a 100 MWh industrial heat battery, described by the company as the world’s largest, at a fuel production facility in California. The system generates continuous high-pressure steam powered entirely by on-site wind and solar energy, providing a model for round-the-clock, low-carbon industrial heat. The unit began operations in…
Alpex Solar raises Rs 2.6 billion to expand module manufacturing capacity
Alpex Solar Limited has raised about Rs 2.6 billion through a preferential issue of 21,46,600 equity shares and warrants. The company said the funds will be directed toward scaling up its module manufacturing capacity and progressing toward integrated solar cell and module production. The preferential issue drew interest from several institutional investors and funds, including…
REC forms SPV for Vizag green hydrogen transmission project
REC Limited has incorporated Vizag Power Transmission Limited as a wholly owned subsidiary through REC Power Development and Consultancy Limited (RECPDCL). The special purpose vehicle was established on February 16, 2026 for the project titled “Transmission system for proposed Green Hydrogen / Green Ammonia projects in Vizag area, Andhra Pradesh (Phase-I).” The incorporation follows a…
