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Adani Green incorporates Skyspin Energy as step-down subsidiary
Adani Green Energy Limited has incorporated a new step-down subsidiary, Skyspin Energy Limited (SEL). The entity was registered on February 17, 2026, as a wholly owned subsidiary of Adani Renewable Energy Holding Eleven Limited (AREH11L), an existing subsidiary of the company. In a regulatory filing, Adani Green Energy Limited stated that AREH11L has set up…
SJS Enterprises acquires stake in Karnataka wind power firm
SJS Enterprises Limited has acquired a 2.08 percent equity stake in DB Renews Private Limited (DRPL), a wind power generation company based in Karnataka, for a total consideration of Rs 72 lakh. The investment will enable SJS Enterprises to become a captive consumer of the wind power generated by the company. According to a regulatory…
Shakti Pumps invests Rs 600 million in EV mobility subsidiary
Shakti Pumps Limited has invested Rs 600 million in its wholly owned subsidiary, Shakti Electric Vehicle (EV) Mobility Private Limited, by subscribing to 6 million equity shares with a face value of Rs 10 each. Last week, Shakti Pumps invested Rs 390 million in the subsidiary by subscribing to 4 million equity shares. Shakti EV…
Ministry of Coal launches 11th round of commercial coal mine auctions
The Ministry of Coal has launched the 11th round of commercial coal mine auctions, offering 27 coal blocks across Jharkhand, Odisha, Chhattisgarh, Maharashtra, Madhya Pradesh, and Arunachal Pradesh, including one coking coal mine. The blocks offered include both fully and partially explored mines. Additionally, agreements with successful bidders from the 10th round have been finalised,…
Crompton Greaves secures Rs 520 million rooftop solar order in Telangana
Crompton Greaves Consumer Electricals Limited has received a rooftop solar order worth Rs 520 million in Telangana, marking its commercial entry into the large-scale rooftop solar segment. The company plans to leverage its distribution network and brand presence to expand in the rooftop solar and solar pump markets. Project sizes in this segment range between…
SolarSquare secures $40 million to expand rooftop solar operations
Mumbai-based rooftop solar company SolarSquare has raised $40 million in a Series B funding round led by Lightspeed, with Lightrock also participating. Existing investors, including Elevation Capital, Lowercarbon, Rainmatter, and Gruhas Proptech, contributed as well. The funds will support SolarSquare’s expansion to over 50 cities from its current presence in 20. Additional investments will focus…
