Author: PPD Team Date: February 12, 2025
Shakti Pumps Limited has set up a wholly owned subsidiary, Shakti EV Mobility Private Limited, with a consolidated investment of Rs 350 million through the subscription of 3,000,000 equity shares of Rs 10 each.
The new entity will focus on manufacturing, processing, trading, and distributing electric vehicle (EV) motors and charger controllers. The subsidiary aims to expand its presence in the EV mobility sector.
Author: PPD Team Date: December 10, 2024 Tata Power plans to invest around Rs 1.46 trillion to double its operational capacity to 32 GW by 2030, according to CEO and MD Praveer Sinha. As of FY24, the company’s installed capacity stood at 15.6 GW, with 6.7 GW in renewables. By 2030, Tata Power aims to reach 31.9 GW, with 23 GW from renewable energy. The company also focuses on expanding its transmission and distribution segments….
Author: PPD Team Date: January 22, 2026 Waaree Energies Limited has reported record quarterly financial results for Q3 FY26, with standalone revenue and profit more than doubling year-on-year. For the quarter ended 31 December 2025, the company reported standalone revenue from operations of Rs 7,565.05 crores, up 118.81% compared to the same period last year. Standalone Profit After Tax (PAT) increased 118.35% to Rs 1,106.79 crores. During the quarter, Waaree manufactured 3.51 GW of solar…
Author: PPD Team Date: June 9, 2025 The Ministry of Power has revised its Standard Bidding Documents (SBDs) for Inter-State Transmission Services. Announced on June 5, 2025, the amendment now permits bidders to submit Insurance Surety Bonds (ISBs) and Payment on Order Instruments (POIs) instead of relying solely on traditional bank guarantees. The revised bid security norms expand the definition of a Bid Bond to include three instruments: unconditional bank guarantees, ISBs issued by IRDAI-authorised…
Author: PPD Team Date: August 11, 2025 NTPC has expressed interest in investing around Rs 80,000 crore in solar and wind power projects across Telangana, pointing to the state’s 6,700 MW potential for floating solar power generation. NTPC’s Chairman and Managing Director, Gurdeep Singh and his team met with Telangana Chief Minister A. Revanth Reddy at his residence in Jubilee Hills. During the meeting, NTPC highlighted its plans to expand renewable energy capacity in the…
Author: PPD Team Date: August 19, 2025 Jakson Green has secured capacity in the Solar Energy Corporation of India’s (SECI) green ammonia auction under the Strategic Interventions for Green Hydrogen Transition Programme (Mode-2A–Tranche-I). The company will supply 85,000 tonnes per annum (TPA) of green ammonia to Coromandel International Limited in Kakinada, Andhra Pradesh, at a tariff of Rs 50.75 per kg. This was the sixth auction in a series of 13 planned tenders, covering a…
Author: PPD Team Date: March 4, 2025 Kosol Energie Private Limited has secured a Rs 4.85 billion contract for the engineering, procurement, and construction (EPC) package of the 100 MW Gujarat Solar PV Project – Phase XII under Gujarat Urja Vikas Nigam Limited (GUVNL). The Letter of Award (LoA) was issued on February 20, 2025. Coal India Limited (CIL) had invited bids for the project in September 2024. The contract requires Kosol Energie to take…