Author: PPD Team Date: October 18, 2024
Rayzon Solar has won a contract to supply 216 MW of high-efficiency photovoltaic (PV) modules to Larsen & Toubro (L&T) for three solar projects across India.
The modules will be integral to L&T’s floating solar projects at Panchet and Ramagundam, as well as a ground-based solar project in Bihar.
Author: PPD Team Date: October 28, 2024 JSW Energy has emerged as the top bidder for KSK Mahanadi Power at an auction concluding on October 27, 2024. The Sajjan Jindal-led company offered Rs 159.85 billion to financial creditors, outbidding Adani Power, which had made a final offer of Rs 158.85 billion in the 10th round before opting out. JSW’s proposal includes a 26% equity stake for lenders and an additional Rs 1 billion for operational…
Author: PPD Team Date: December 30, 2024 The National Green Tribunal (NGT) has issued a notice to the Central government over the lack of infrastructure for the safe disposal and recycling of damaged or end-of-life Photovoltaic (PV) solar panels. A bench led by Justice Prakash Shrivastava and Dr A. Senthil Vel highlighted the environmental hazards of improper disposal, including burying panels in agricultural fields or sending them to landfills, which degrade soil quality. Notices were…
Author: PPD Team Date: December 26, 2024 Adani Enterprises Limited (AEL) has announced plans to set up an Ultra Super Critical Thermal Power Plant in Bihar. The project will involve an investment of Rs 200 billion.
Author: PPD Team Date: December 19, 2024 Kalpataru Projects International Limited (KPIL) has successfully raised Rs 10 billion through a qualified institutional placement (QIP). The proceeds will be used to strengthen the company’s balance sheet, improve financial flexibility, and support its growth initiatives.
Author: PPD Team Date: July 25, 2025 Exide Industries has approved an additional equity investment of Rs 1 billion in Exide Energy Solutions Limited (EESL). This brings its total investment in the wholly owned subsidiary to Rs 37.0223 billion. The new capital will fund the development of EESL’s greenfield lithium-ion cell manufacturing facility in Bengaluru. The first phase of the plant, with four production lines and a capacity of 6 gigawatt-hours (GWh), is scheduled to…
Author: PPD Team Date: June 13, 2025 The National Company Law Tribunal (NCLT), Chandigarh Bench, has approved the merger of Inox Wind Energy Limited (IWEL) with Inox Wind Limited (IWL), as per its order dated June 10, 2025. The merger will simplify the business structure of the INOXGFL Group by eliminating the holding company layer and allowing direct promoter shareholding in IWL. It is expected to reduce IWL’s liabilities by around Rs 20.50 billion and…
Author: PPD Team Date: October 28, 2024 JSW Energy has emerged as the top bidder for KSK Mahanadi Power at an auction concluding on October 27, 2024. The Sajjan Jindal-led company offered Rs 159.85 billion to financial creditors, outbidding Adani Power, which had made a final offer of Rs 158.85 billion in the 10th round before opting out. JSW’s proposal includes a 26% equity stake for lenders and an additional Rs 1 billion for operational…
Author: PPD Team Date: December 30, 2024 The National Green Tribunal (NGT) has issued a notice to the Central government over the lack of infrastructure for the safe disposal and recycling of damaged or end-of-life Photovoltaic (PV) solar panels. A bench led by Justice Prakash Shrivastava and Dr A. Senthil Vel highlighted the environmental hazards of improper disposal, including burying panels in agricultural fields or sending them to landfills, which degrade soil quality. Notices were…
Author: PPD Team Date: December 26, 2024 Adani Enterprises Limited (AEL) has announced plans to set up an Ultra Super Critical Thermal Power Plant in Bihar. The project will involve an investment of Rs 200 billion.
Author: PPD Team Date: December 19, 2024 Kalpataru Projects International Limited (KPIL) has successfully raised Rs 10 billion through a qualified institutional placement (QIP). The proceeds will be used to strengthen the company’s balance sheet, improve financial flexibility, and support its growth initiatives.
Author: PPD Team Date: July 25, 2025 Exide Industries has approved an additional equity investment of Rs 1 billion in Exide Energy Solutions Limited (EESL). This brings its total investment in the wholly owned subsidiary to Rs 37.0223 billion. The new capital will fund the development of EESL’s greenfield lithium-ion cell manufacturing facility in Bengaluru. The first phase of the plant, with four production lines and a capacity of 6 gigawatt-hours (GWh), is scheduled to…
Author: PPD Team Date: June 13, 2025 The National Company Law Tribunal (NCLT), Chandigarh Bench, has approved the merger of Inox Wind Energy Limited (IWEL) with Inox Wind Limited (IWL), as per its order dated June 10, 2025. The merger will simplify the business structure of the INOXGFL Group by eliminating the holding company layer and allowing direct promoter shareholding in IWL. It is expected to reduce IWL’s liabilities by around Rs 20.50 billion and…
Author: PPD Team Date: October 28, 2024 JSW Energy has emerged as the top bidder for KSK Mahanadi Power at an auction concluding on October 27, 2024. The Sajjan Jindal-led company offered Rs 159.85 billion to financial creditors, outbidding Adani Power, which had made a final offer of Rs 158.85 billion in the 10th round before opting out. JSW’s proposal includes a 26% equity stake for lenders and an additional Rs 1 billion for operational…
Author: PPD Team Date: December 30, 2024 The National Green Tribunal (NGT) has issued a notice to the Central government over the lack of infrastructure for the safe disposal and recycling of damaged or end-of-life Photovoltaic (PV) solar panels. A bench led by Justice Prakash Shrivastava and Dr A. Senthil Vel highlighted the environmental hazards of improper disposal, including burying panels in agricultural fields or sending them to landfills, which degrade soil quality. Notices were…