Author: PPD Team Date: November 13, 2024
Solex Energy Limited reported robust financial performance in H1 FY2024-25, with total income surging 194% to Rs 2.731 billion, up from Rs 930 million in H1 FY24.
EBITDA increased 168% to Rs 253.7 million, and net worth expanded 244% to Rs 1.317 billion, while Return on Equity (ROE) improved to 29.41%, compared to 3.84% in the previous year.
Author: PPD Team Date: December 24, 2025 ACME Solar Holdings Limited today announced that it has received a Letter of Award (LOA) from REMC Limited for a 130 MW renewable energy round-the-clock power project. The project has been awarded to a domestic entity at a tariff of Rs. 4.35 per kWh. The tariff will remain fixed for the entire 25-year project period. ASH stated that the disclosure was voluntary and clarified that the award does…
Author: PPD Team Date: October 21, 2024 JSW JFE Electrical Steel Pvt Ltd has finalized the acquisition of thyssenkrupp Electrical Steel India Pvt Ltd (tkES India) for Rs 40.51 billion. This move enables JSW-JFE to enter the grain-oriented electrical steel (GOES) business, aligning with their plans to expand into this crucial sector. tkES India, based in Nashik, Maharashtra, is one of India’s pioneers in GOES manufacturing. The acquisition is being carried out through Jsquare Electrical…
Author: PPD Team Date: October 17, 2024 Waaree Energies has announced its initial public offering (IPO), set to launch on October 21, 2024. The anchor investor bidding will open on October 18, and the offer will close on October 23. The IPO includes 4.8 million equity shares with a total value of Rs 36 billion. The price band is set between Rs 1,427 and Rs 1,503 per share, with a minimum bid of 9 shares. …
Author: PPD Team Date: April 7, 2025 Hindustan Powerprojects Private Limited (HPPPL) has secured a Letter of Award (LoA) from Uttar Pradesh Power Corporation Limited (UPPCL) for a 300 MW/425 MWp solar project. The installation will be Inter-State Transmission System (ISTS)-connected and located in Madhya Pradesh. The project is part of UPPCL’s plan to develop 2,000 MW of ISTS-connected solar capacity across India. HPPPL will be responsible for identifying land, setting up the plant, owning…
Author: PPD Team Date: February 12, 2026 Power Grid Corporation of India Limited (POWERGRID) has been declared the successful bidder for an intra-state transmission project in Maharashtra under the Tariff Based Competitive Bidding (TBCB) framework, the company informed exchanges today. The Letter of Intent (LoI) was received on February 11, 2026, for the project titled “Network Expansion scheme in Maharashtra for removal of Transmission constraints in Pune Region-I (765/400 kV AIS Pune East).” The project…
Author: PPD Team Date: September 3, 2025 GK Energy Ltd, a solar-powered agricultural water pump systems provider, has raised Rs 100 crore in a pre-initial public offering (IPO) funding round. The investment came from Valuequest, 360 One (formerly IIFL Wealth), and Kotak AIF, among others. According to the company’s notice, 65.36 lakh equity shares were allotted at Rs 153 each through a private placement, representing 3.70 per cent of its pre-offer equity capital. Of this,…