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 31, 2025 Bondada Engineering Limited has received a letter of award (LoA) worth Rs 3.92 billion from NTPC Green Energy Limited (NGEL) for balance-of-system (BoS) work for a 300 MW solar project in Uttar Pradesh. The LoA specifies that the scope includes engineering, procurement, site development, installation, testing, and commissioning of the project. It also includes three-year operations and maintenance services after completion. This follows another major order secured earlier…
Author: PPD Team Date: November 24, 2025 TotalEnergies is reportedly preparing to sell up to 6 per cent of its holding in Adani Green Energy Limited. The stake is valued at about USD1.14 billion, and the company is exploring the move to realise part of the gains from its investment. TotalEnergies holds nearly 19 per cent in Adani Green through two subsidiaries. It invested USD2.5 billion in 2021. The proposed sale is being examined by…
Author: PPD Team Date: March 26, 2025 REC Power Development & Consultancy Limited (RECPDCL) has transferred four special purpose vehicles (SPVs) to Power Grid Corporation of India Limited (PGCIL) and IndiGrid 2 Private Limited for the development of transmission system projects across India. The transfer took place on March 24, 2025. SPVs transferred to PGCIL PGCIL has taken over three SPVs for key transmission projects: Banaskantha Transco Limited – Augmentation of transformation capacity at Banaskantha…
Author: PPD Team Date: September 19, 2025 GE Power India Limited (GEPIL) has approved a scheme of arrangement to demerge its Durgapur-based power boiler components and coal mill manufacturing business into JSW Energy Limited. The board cleared the proposal on 18 September 2025, along with a Demerger Cooperation Agreement. Under the plan, the Durgapur unit, which manufactures power boiler parts, pressure vessels, piping, and coal mills, will be transferred to JSW as a going concern….
Author: PPD Team Date: June 23, 2025 Rajesh Power Services Limited has secured a Rs 597.9 million contract from GIFT Power Company Limited to develop distribution and backup power systems in GIFT City, Gandhinagar. The project covers both the Special Economic Zone (SEZ) and Domestic Tariff Area (DTA). The contract includes three key components. Part A focuses on setting up grid power supply infrastructure in the SEZ. Part B involves installing backup power systems for…
Author: PPD Team Date: January 20, 2026 India’s power distribution utilities have reported a consolidated Profit After Tax (PAT) of Rs 2,701 crore in FY 2024–25, marking a shift after several years of losses. The figures cover distribution companies and power departments and were released by the Ministry of Power on 18 January 2026. The sector’s return to profitability contrasts with a loss of Rs 25,553 crore in FY 2023–24 and a loss of Rs…