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BPDB issues $173 million letter of credit to Adani Power
The Bangladesh Power Development Board (BPDB) has issued a $173 million letter of credit (LC) to Adani Power Limited to maintain the electricity supply. This LC follows Adani Power’s reduction of electricity deliveries by half due to unpaid dues totalling $843 million. Issued by Bangladesh’s Krishi Bank, with ICICI Bank in India as the counterpart,…
Tata Power and ACME win NHPC-backed BESS projects
India’s battery storage sector saw a major boost as Tata Power Renewable Energy Limited (TPREL) and ACME Solar Holdings secured Battery Energy Storage Purchase Agreements (BESPAs) with NHPC Limited for projects in Kerala and Andhra Pradesh, respectively. As per exchange filings on 18 July 2025, Tata Power’s subsidiary TPREL has won a contract to set…
Power Grid gets approval to merge transmission subsidiaries under two entities
Power Grid Corporation of India Limited has received regulatory approval to consolidate multiple wholly owned transmission subsidiaries into two entities, as part of a move to streamline its corporate structure. In a disclosure to the stock exchanges dated February 4, 2026, Power Grid said the Ministry of Corporate Affairs (MCA) approved two composite schemes of…
Adani Power to supply 1,500 MW to Uttar Pradesh from 2030
Adani Power Limited (APL) has secured a contract to supply 1,500 MW of thermal power to Uttar Pradesh Power Corporation Limited (UPPCL). The supply will come from the upcoming Mirzapur Thermal Power Project in Uttar Pradesh. UPPCL had invited bids for this contract in March 2024. APL emerged as the selected bidder through a tariff-based…
Tata Power incorporates TP Urja as wholly owned subsidiary
The Tata Power Company Limited has incorporated a new wholly owned subsidiary, TP Urja Limited, to expand its presence in power and energy services. According to a regulatory filing, TP Urja has been set up as a public company under the Companies Act, 2013, with approval from the Ministry of Corporate Affairs granted on April…
Hyundai names Tamil Nadu as flagship EV hub for India
Hyundai Motor India Limited (HMIL) has announced that Tamil Nadu will serve as its “Flagship EV Hub for India,” as the company expands its electric vehicle (EV) manufacturing, localization, charging infrastructure, and skill development initiatives in the state. The company plans to launch two new models from its Chennai facility this year, including its first…
