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Blue Energy to invest Rs 35 billion in electric trucks in Maharashtra
Blue Energy Motors, a key partner in Essar’s green mobility initiative, has signed a Memorandum of Understanding (MoU) with the Government of Maharashtra to invest Rs 35 billion in establishing an electric truck manufacturing facility. The facility, set to begin operations in FY 2025-26, will have the capacity to produce 30,000 electric trucks annually. The…
India | Generation | NewsCCI clears Torrent Power’s acquisition of Nabha Power
The Competition Commission of India has approved the proposed acquisition of 100% equity shares and non-cumulative optionally convertible redeemable preference shares in Nabha Power Limited by Torrent Power Limited. The transaction involves Torrent Power acquiring the entire shareholding in Nabha Power from L&T Power Development Limited on a fully diluted basis. Nabha Power is currently…
Indian and Russian firms partner for advanced grid monitoring solutions
Sharika Enterprises Ltd has signed a memorandum of understanding (MoU) with Russia’s Engineering Center Energoservice (ENS) to bring advanced grid monitoring solutions to India.  Under the agreement, Sharika Enterprises has secured exclusive rights to market and distribute ENS’s advanced grid protection and condition monitoring solutions, including transformer monitoring systems. These systems use synchrophasor measurements to…
GK Energy raises Rs 100 crore in pre-IPO funding
GK Energy Ltd, a solar-powered agricultural water pump systems provider, has raised Rs 100 crore in a pre-initial public offering (IPO) funding round. The investment came from Valuequest, 360 One (formerly IIFL Wealth), and Kotak AIF, among others. According to the company’s notice, 65.36 lakh equity shares were allotted at Rs 153 each through a…
KP Green bags orders across solar, transmission, railways
KP Green Engineering Limited has secured new orders worth Rs 972.7 million from multiple clients across five business segments. The company expects to complete all projects by March 31, 2026. The largest order, worth Rs 478.3 million, is for crash barriers used in railway track fencing and related works. Solar-related orders include Rs 375.6 million…
KPIL posts record revenue and profit in FY25, wins Rs 23.72 billion in new orders
Kalpataru Projects International Limited (KPIL) has reported its highest-ever revenue and profit figures for the quarter and year ended March 31, 2025. In Q4 FY25, consolidated revenue rose 18 per cent year-on-year (YoY), while profit before tax (PBT) jumped 40 per cent YoY. For the full year, KPIL’s consolidated revenue stood at Rs 223.16 billion,…
