Author: PPD Team Date: December 3, 2024
Sterling and Wilson Renewable Energy Ltd (SWREL) has secured a Rs 5.04 billion contract to develop a solar photovoltaic (PV) plant in Rajasthan.
The project, awarded by an independent power producer, involves the supply, installation, and commissioning of a 305 MW AC / 396 MWp DC PV system.
Author: PPD Team Date: January 28, 2025 Maharashtra and Telangana sign MoUs for 7,440 MW renewable energy projects The Government of Maharashtra (GoM) and the Government of Telangana (GoT) have signed Memorandums of Understanding (MoUs) with Essar Renewables Limited (ERL) and Sun Petrochemicals Private Limited, respectively, to develop 7,440 MW renewable energy (RE) projects in the states. ERL will invest Rs 80 billion to set up 2,000 MW round-the-clock (RTC) RE power projects in Maharashtra…
Author: PPD Team Date: February 12, 2026 CleanMax Enviro Energy Solutions has raised Rs 15 billion in a pre-initial public offering (IPO) funding round led by Temasek Holdings and Bain Capital, ahead of its planned market debut expected later this month. The pre-IPO placement also saw participation from Steadview Capital, 360One and Steinberg India Emerging Opportunities Fund. Several family offices joined the round, including those linked to the Dalmia group, as well as the Jaisinghani…
Author: PPD Team Date: March 7, 2025 The Central Electricity Authority (CEA) has issued the draft CEA (Installation and Operation of Meters) (5th Amendment) Regulations, 2025, proposing key changes to metering rules for electricity consumers, generators, and licensees. Public comments on the draft will be accepted until April 5, 2025. One of the major revisions includes updating the definition of interface meters, which will now apply to meters used for accounting and billing at interconnection…
Author: PPD Team Date: April 10, 2025 Eastman Auto and Power has announced plans to invest between Rs 7 billion and Rs 10 billion over the next three financial years to expand its capacity. The investment will be funded through internal accruals. The company will focus its expansion on the distributed rooftop solar segment. Eastman aims to reach a turnover of Rs 100 billion by FY26, up from Rs 36 billion in FY24. Founded in…
Author: PPD Team Date: August 25, 2025 NTPC Green Energy Limited (NGEL) announced that a 50 MW portion of Ayana Renewable Power Four Private Limited’s 150 MW solar project at Bhuj, Gujarat, has commenced commercial operation from August 24, 2025. Ayana Renewable Power Four is a subsidiary of Ayana Renewable Power Private Limited, which is wholly owned by ONGC NTPC Green Private, a joint venture of ONGC and NTPC. Following this addition, the total commercial…
Author: PPD Team Date: February 11, 2026 SEPC Ltd, formerly Shriram EPC Ltd, announced that it has secured an order worth Rs 313.96 crore for a smart metering project in Punjab’s Central Zone. The order has been received from Telecommunications Consultants India Ltd (TCIL) under the Revamped Distribution Sector Scheme (RDSS). The project will be executed on a Design, Build, Finance, Own, Operate, and Transfer (DBFOOT) basis through a consortium with Adya Smart Metering Pvt…