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EESL partners with DVC to drive energy efficiency

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Energy Efficiency Services Limited (EESL) has signed a memorandum of understanding (MoU) with Damodar Valley Corporation (DVC) to enhance energy efficiency and clean energy adoption.  The collaboration aims to implement energy efficiency programs such as the street lights national programme, energy-efficient building solutions, and decentralised solar initiatives, including rooftop solar installations, solar carports, and hybrid thermal solar systems. The partnership will also promote electric mobility with the deployment of electric vehicles and charging infrastructure, along…

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EESL signs Rs 5 billion agreements for large-scale energy efficiency

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Energy Efficiency Services Limited (EESL) has signed agreements worth Rs 5 billion with various international and Indian organisations at the India Energy Week 2025 to drive large-scale energy efficiency initiatives.  EESL has partnered with the Indonesia-Malaysia-Thailand Growth Triangle Joint Business Council (IMT-GT JBC), Green Growth Asia Foundation (GGAF), and IIT Hyderabad to develop energy-efficient solutions across multiple sectors. These agreements target key areas such as energy-efficient lighting, clean cooking solutions, space heating, renewable energy, electric…

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Exide Industries invests Rs 1499.90 million in lithium battery subsidiary EESL

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Exide Industries Limited has invested Rs 1499.90 million in its subsidiary, Exide Energy Solutions Limited (EESL), through a rights-based equity subscription.  This brings Exide’s total investment in EESL to Rs 33,022.3 million, including prior investments in the now-merged Exide Energy Private Limited. EESL issued 41,663,892 equity shares with a face value of Rs 10 each, at a premium of Rs 26 per share, aggregating to Rs 1,499.90 million. Despite this investment, Exide’s shareholding percentage in…

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Andhra Pradesh leads LED streetlight installations under SLNP

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Andhra Pradesh has emerged as the top state in LED streetlight installations under the Street Lighting National Programme (SLNP), according to a recent Parliament reply.  Shripad Naik, Union Minister of State for Power, stated that 13.1 million LED streetlights had been installed nationwide as of November 7, 2024. Andhra Pradesh accounted for 2.9 million installations or 22.4 per cent of the total. Telangana ranked second with 1.7 million installations, contributing 13.2 per cent to the…