Author: PPD Team Date: December 18, 2024
Shakti Pumps Limited has invested Rs 40 million in its wholly owned subsidiary, Shakti Energy Solutions Private Limited (SESPL), by subscribing to 40 million equity shares with a face value of Rs 1 each.
The investment aims to expand SESPL’s business operations to align with Shakti Pumps’ growth strategy.
Author: PPD Team Date: September 9, 2025 Adani Power and Druk Green Power Corporation Ltd. (DGPC) have formalised agreements with the Royal Government of Bhutan to develop the 570 MW Wangchhu hydroelectric project, with construction expected to begin in 2026. The Shareholders Agreement for the project was signed between Adani Power and DGPC, alongside the initialling of the Power Purchase Agreement. The Concession Agreement with the Royal Government of Bhutan was also concluded. The signing…
Author: PPD Team Date: March 10, 2026 The Board of Directors of Power Grid Corporation of India Limited (POWERGRID) has approved several decisions during its meeting held on March 9, 2026, including a fund raising plan, investment in cybersecurity infrastructure, and an in-principle approval to divest its wholly owned subsidiary, Central Transmission Utility of India Limited (CTUIL). In a regulatory filing to the stock exchanges, POWERGRID stated that the board has authorised the raising of…
Author: PPD Team Date: March 26, 2026 The board of REC Limited has approved a market borrowing programme of up to Rs 1.6 lakh crore for the financial year 2026-27 (FY27), the company said in a stock exchange filing. The programme includes long-term bonds and non-convertible debentures (NCDs), external commercial borrowings (ECBs) including foreign currency term loans, green bonds and ESG bonds, as well as short-term loans and commercial papers. REC has set a limit…
Author: PPD Team Date: November 6, 2024 Tata Power Company Limited posted a net profit of Rs 10.93 billion for the quarter ending September 2024, marking a 7.47 per cent rise from Rs 10.17 billion in the same period last year. The company’s total income grew by approximately 1.13 per cent to Rs 162.11 billion in Q2 FY2024, up from Rs 160.3 billion in the corresponding quarter of the previous year.
Author: PPD Team Date: January 2, 2026 ACME Solar Holdings Limited has expanded its corporate structure by establishing two new wholly-owned subsidiaries on the first day of the new year. In a regulatory filing, ACME Solar Holdings Limited stated that it has incorporated ACME Greentech Fifteen Private Limited and ACME Greentech Eighteen Private Limited. Both companies are registered in Gurugram, Haryana, India. The subsidiaries have been established to undertake business related to the development, establishment,…
Author: PPD Team Date: July 28, 2025 India’s first tender for small nuclear reactors aimed at high-emission industries has drawn interest from major private companies. The project could lead to investments worth up to Rs 50,000 crore. Nuclear Power Corporation of India Ltd (NPCIL) has invited bids to build Bharat Small Reactors (BSRs) with a capacity of 220 megawatts (MW) each, intended for use in sectors such as steel and aluminium. The bid submission deadline…