Premier Energies Limited has completed the acquisition of equity shares in HeliosAnthos Energies Private Limited, following its investment to establish a joint venture with BA Prerna Renewables Private Limited. The company acquired 1,045,550 equity shares of HeliosAnthos Energies Private Limited for a consideration of Rs 10,455,500. The shares were issued on a preferential basis through…
Rajesh Power Services Limited has signed a joint venture agreement with VITS Total Power Solutions Private Limited to bid for and execute a transmission project for East Central Railway. The joint venture will operate under the name RPSL-VITS JV. Rajesh Power will hold a 51% stake and act as the lead member, while VITS Total…
Premier Energies Limited has approved the formation of a new joint venture focused on renewable energy engineering, procurement, and construction (EPC) projects. The decisions were taken at a meeting of the Board of Directors held on February 9, 2026. The board cleared an investment in HeliosAnthos Energies Private Limited to form a 51:49 joint venture…
Bharat Heavy Electricals Limited (BHEL) has informed that the Department of Investment and Public Asset Management (DIPAM) did not approve the proposed joint venture (JV) with REC Power Development and Consultancy Limited (RECPDCL). The board communicated this decision in its meeting on September 25, 2025, following a previous clarification issued on May 10, 2025. The…
The Maharashtra cabinet has cleared the creation of a joint venture (JV) between Maharashtra State Power Generation Company Limited (Mahagenco) and SJVN Limited to develop 5,000 megawatts (MW) of renewable energy capacity. Under the agreement, SJVN will hold 51 percent equity and Mahagenco 49 percent. The projects will cover pumped storage hydro, solar-wind hybrid systems,…
The Board of Directors of NLC India Limited has approved forming a joint venture (JV) with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) to develop the Gurha Thermal Power Project. The decision was made on May 19, 2025. The JV will have a 74:26 equity split between NLC India and RRVUNL. It will be responsible…
NLC India Renewables Limited (NIRL) and Assam Power Distribution Company Limited (APDCL) have incorporated a joint venture company named “NIRL Assam Renewables Limited” to develop renewable energy (RE) projects in Assam. NIRL, a wholly-owned subsidiary of NLC India Limited, will hold a 51% equity stake in the JV, while APDCL will hold 49%. The joint…
The Board of Directors of REC Power Development and Consultancy Limited (REC PDCL) has approved the formation of a joint venture company with Bharat Heavy Electricals Limited (BHEL) for renewable energy (RE) development in India. Both companies will hold equal stakes in the new joint venture. The announcement follows the Memorandum of Understanding (MoU) signed…
Rajasthan Power Grid Transmission Company Limited (RPTCL) has been incorporated as a joint venture between Power Grid Corporation of India Limited (POWERGRID) and Rajasthan Rajya Vidyut Prasaran Nigam Limited (RVPN). The venture is structured with a 74% equity stake held by POWERGRID and a 26% share by RVPN. The objective of RPTCL is to develop…
Indian Metals & Ferro Alloys (IMFA) has formed a joint venture with JSW Green Energy to source 70 MW of renewable energy for its smelting operations. IMFA has signed a binding term sheet with JSW Green Energy One and JSW Green Energy Seven, committing Rs 832.6 million to a wind-solar hybrid project, which includes 50…