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Tata Power completes third tranche for 40 per cent stake in KHPL
The Tata Power Company Limited announced on December 18, 2025, that it has completed the third tranche of its investment to acquire a 40 per cent equity stake in Khorlochhu Hydro Power Limited (KHPL). The company invested Rs 64 crore in this tranche, taking its total commitment towards the transaction to approximately Rs 830 crore….
L&T secures land in Kandla for green hydrogen project
Larsen & Toubro (L&T) has secured land in Kandla, Gujarat, for setting up green hydrogen and green ammonia production facilities. The initiative will be developed through L&T Green Energy Kandla Private Limited, a new entity incorporated in April 2025, under its wholly-owned subsidiary, L&T Energy Green Tech Limited. The company will focus on producing green…
TPG-led consortium to acquire Aseem Infrastructure Finance
TPG has signed definitive agreements to acquire a 100% stake in Aseem Infrastructure Finance alongside co-investors GIC and ICICI Bank. The investment will be made through TPG Rise Climate, the firm’s dedicated climate investing platform, while ICICI Bank will retain up to a 5% stake in the company. The transaction remains subject to customary regulatory…
SPPC awards 7.2GW power project contracts under Saudi Vision 2030
The Saudi Power Procurement Company (SPPC) has awarded contracts for the development of 7.2GW of power projects to consortiums led by Saudi Electricity Company and Abu Dhabi National Energy Company (Taqa). The projects, essential to Saudi Arabia’s strategic energy mix plan, align with Vision 2030 and the Saudi Green Initiative, which targets a 50% contribution…
NHPC concludes tranche VI auction, awarding 1,200 MW of FDRE projects
NHPC Limited has successfully concluded its tranche VI auction, awarding 1,200 MW of firm and dispatchable renewable energy (FDRE) projects integrated with energy storage systems and connected to the inter-state transmission system (ISTS). The auction also included a greenshoe option of 1,200 MW. Jevargi Solar Power was awarded 150 MW at Rs 4.48 per kWh,…
Lupin completes acquisition of 42.61% stake in Sunsure Solarpark
Lupin Limited has acquired a 42.61% equity stake in Sunsure Solarpark Seventeen Private Limited. This follows the share subscription and shareholders agreement with Sunsure Solarpark and Sunsure Energy Private Limited, involving an equity investment of Rs 105.53 million, to be executed in two tranches.
