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: October 8, 2025 The Ministry of Mines has released implementation guidelines for a Rs 15 billion incentive scheme approved by the Union Cabinet to promote critical mineral recycling. The scheme, part of the National Critical Mineral Mission, aims to build domestic capacity to extract critical minerals from secondary sources. Eligible feedstocks include e-waste, spent lithium-ion batteries, and other scrap materials. Both new and existing units involved in actual mineral extraction, rather…
Author: PPD Team Date: November 26, 2024 Danish energy company Ørsted has started the process of divesting a 50% stake in its 2.9 GW Hornsea 3 offshore wind farm, located 120 km from the UK coast, according to Bloomberg. The sale, part of Ørsted’s broader divestment strategy led by CEO Mads Nipper, is expected to attract buyers willing to contribute to the project’s construction costs. The Hornsea 3 project, valued at approximately £8.5 billion ($10.8…
Author: PPD Team Date: August 4, 2025 Arunachal Pradesh Chief Minister Pema Khandu on July 31, 2025, described the state as the “emerging hydropower capital of India”, citing its 56,000 MW potential and the transformative role of the power sector in driving development. In a social media post, Khandu said Arunachal Pradesh is positioning itself as the country’s energy engine while demonstrating that natural beauty and infrastructure can coexist. He highlighted that key projects long…
Author: PPD Team Date: September 19, 2025 The Dutch government will allocate about €1 billion ($1.18 billion) in subsidies to support the development of offshore wind farms with a total planned capacity of 2 gigawatts (GW). The decision follows a pause in tenders announced in May, after developers raised concerns about the financial viability of projects without government support, according to Reuters. In 2023, the Netherlands extended its target for offshore wind expansion, aiming to…
Author: PPD Team Date: October 15, 2024 The UK government has secured over £24 billion ($31.39 billion) in private investments for innovative energy projects ahead of the International Investment Summit on 14 October 2024. These investments are expected to create thousands of jobs and drive growth in the UK’s clean energy sector, spanning from Yorkshire to Suffolk, Aberdeen, and Stow. Key companies involved include Iberdrola, Ørsted, SeAh Wind, Macquarie, BW Group, and Holtec, with substantial…
Author: PPD Team Date: April 28, 2025 Indian Energy Exchange Limited (IEX) posted a net profit of Rs 4.29 billion for 2024-25, a 22.22 per cent rise from the previous year’s Rs 3.51 billion. The company’s total income also grew by 19.23 per cent. It reached Rs 6.57 billion in 2024-25, compared to Rs 5.51 billion a year earlier. Meanwhile, Adani Energy Services Limited (AESL) reported a different trend. Its net profit fell by 22.90…