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.
Saft, a subsidiary of TotalEnergies, has secured a major contract with Foxwell Power Company in Taichung, Taiwan, to deliver a 356 MWh lithium-ion battery energy storage system. The project, Saft’s eleventh in Taiwan, will expand the company’s installed base in the country to 630 MWh. The Taichung project, developed by Foxwell Power, a subsidiary of…
Alfa Transformers Limited has secured a rate contract worth Rs 8.15 crore from TP Western Odisha Distribution Limited (TPWODL), a joint venture between Tata Power and the Government of Odisha, for the supply of distribution transformers of multiple capacities. According to the company’s regulatory filing, the contract was awarded on May 8, 2026, and will…
According to the International Energy Agency (IEA), global electricity demand is projected to grow by 4% each year until 2027, equating to more than Japan’s total consumption. This growth will be primarily offset by the expansion of low-emissions energy sources, such as renewables and nuclear power. Emerging and developing economies will account for 85% of…
NTPC Renewable Energy Limited (NTPC REL), on June 30, 2025, commissioned 64.7 MW solar capacity under the 1,255 MW Khavda-I Solar PV Project. This project is part of the larger 4,750 MW Khavda Wind-Solar Hybrid Renewable Energy Power Park in Kutch district. With this addition, the total commissioned capacity under the Khavda-I Solar PV Project…
Low-emission hydrogen production is expected to expand this decade despite project delays and cancellations, the International Energy Agency (IEA) said in its Global Hydrogen Review 2025. The report noted that global hydrogen demand reached nearly 100 million tonnes in 2024, a 2 per cent rise from the previous year, broadly in line with overall energy…
Bihar has commissioned the first phase of the Kajra Solar Power Project in Lakhisarai district, marking a major step in expanding the state’s renewable energy and grid balancing capacity. The project combines utility-scale solar generation with large battery storage to supply power during peak demand hours. The initial phase includes a 185 MW solar photovoltaic…