Refex Green Power Limited (RGPL), a subsidiary of Refex Renewables & Infrastructure Limited, has incorporated Refex Solar SPV Five Limited to implement a 100 MW solar power project awarded by NTPC Limited.
Refex Solar SPV Five, wholly owned by RGPL, has been set up with a paid-up equity share capital of Rs 1 million.Â
The project will operate under a 25-year power purchase agreement with NTPC.
Rajasthan has cancelled over 100 Kusum-A solar projects after developers failed to sign power purchase agreements (PPAs) within the stipulated timelines. Many of these bidders had initially offered very low tariffs to win contracts, but later withdrew when the projects became financially unviable due to high implementation costs and regulatory uncertainties. The impact has been…
Adani Energy Solutions Limited established a wholly owned subsidiary, Adani Energy Solutions Step-Fifteen Limited, on August 27, 2025. The entity will focus on power transmission, distribution, and related infrastructure services. The new company is registered with the Registrar of Companies, Gujarat, Ahmedabad. It has an authorised and paid-up share capital of Rs. 1 lakh. Business…
Bondada E&E Private Limited, a wholly owned subsidiary of Bondada Engineering Limited, has received a work order from Landsky Engineers Private Limited for the supply of 20W solar street lights with standard fitting accessories, valued at Rs 698.74 million. In another development, Bondada has secured work orders from Andhra Pradesh State Energy Efficiency Development Corporation…
Martial Solren, a wholly-owned subsidiary of Mahindra Susten, has achieved financial closure for its 400 MW/560 MWp solar power projects in Gujarat and Rajasthan. The company secured a Rs14.48 billion loan from HDFC Bank and Axis Bank for the projects. In April and June 2023, Mahindra Susten won 100 MW each under the base capacity…
Bharat Coking Coal Limited (BCCL), a subsidiary of Coal India Limited (CIL), has restarted coal production at its legacy PB Project in Jharkhand. This is the first operational project under the mine developer and operator (MDO) model in the CIL ecosystem. The PB Project has been awarded to Eagle Infra India Limited for a 25-year…
Sumitomo Corporation has formed a joint venture with AMPIN Energy Transition Pvt Ltd to form AMPIN C&I Power Pvt Ltd for developing renewable energy assets in India and promoting corporate Power Purchase Agreements (PPAs) for supplying renewable electricity to businesses. The total project cost is approximately 100 billion yen and is expected to create a…