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 18, 2024 Modi Biotech Private Limited (MBPL), a subsidiary of Modi Naturals Limited, will invest Rs 1 billion to expand its ethanol production capacity. The project will add 180 kilolitres per day (KLD) to the current 130 KLD, increasing the total capacity to 310 KLD. The expansion, featuring advanced infrastructure and technology, is expected to be completed in 8–10 months. This aligns with Modi Naturals’ diversification strategy, which focuses on…
Author: PPD Team Date: December 4, 2024 Adani Saur Urja (KA) Limited, a wholly owned subsidiary of Adani Green Energy Limited (AGEL), has incorporated Adani Hydro Energy Four Limited (AHE4L) for renewable energy projects. AHE4L’s mandate includes the generation, development, distribution, transmission, and sale of electrical energy derived from wind, solar, and other renewable sources. In the previous week, AGEL, through Adani Saur Urja (KA) Limited, established four subsidiaries: Adani Hydro Energy One Limited (AHE1L), Adani…
Author: PPD Team Date: January 22, 2026 KP Green Engineering Limited has received multiple confirmed orders worth Rs 248.2 crore across its business segments. With this addition, the company’s total confirmed orders disclosed in January 2026 have reached approximately Rs 1,067.2 crore. The latest orders cover a range of verticals. Crash barriers for railway and other fencing form the largest share at Rs 107.9 crore. This is followed by transmission tower materials and structures valued…
Author: PPD Team Date: December 4, 2025 ADB has approved a USD 650 million policy-based loan to support India’s plan to expand rooftop solar and deliver clean, affordable electricity to 10 million households by 2027. The funding is part of Subprogram 1 of the Accelerating Affordable and Inclusive Rooftop Solar Systems Development Program, which is linked to the Pradhan Mantri Surya Ghar Muft Bijli Yojana. ADB Country Director for India Mio Oka said the initiative…
Author: PPD Team Date: September 5, 2025 ANDRITZ has been awarded a contract by Adani Green Energy Ltd (AGEL) to provide equipment for the 1,800 MW Gandikota pumped storage plant (PSP) in YSR Kadapa district, Andhra Pradesh. The company will deliver reversible pump turbines, motor-generators, and related electromechanical systems. This marks the third order AGEL has given ANDRITZ, following the 500 MW Chitravathi project in 2023 and the 1,500 MW Tarali project in June 2025….
Author: PPD Team Date: April 1, 2026 NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, has signed a Memorandum of Understanding (MoU) with PTC India Limited on March 31, 2026. The agreement aims to explore the sale of renewable energy through bilateral arrangements and other market-based mechanisms. Non-binding framework for future transactions The MoU was signed by Sarit Maheshwari, Chief Executive Officer of NGEL, and Manoj Kumar Jhawar, Chairman and Managing Director of…