Author: PPD Team Date: October 30, 2024
Tata Power Company Limited (TPCL) has signed a share purchase agreement to acquire a 40% equity stake in Khorlochhu Hydro Power Limited (KHPL) for the development of a 600 MW hydropower project in Bhutan, valued at Rs 69 billion.
TPCL will invest approximately Rs 8.3 billion in cash over multiple tranches during the next five years.
Author: PPD Team Date: January 29, 2026 Exide Industries Limited has infused an additional Rs 50 crore into its wholly owned subsidiary, Exide Energy Solutions Limited (EESL). The investment, completed on January 28, 2026, takes Exide’s total exposure in the lithium ion battery business to Rs. 4,252.23 crore. The company invested in a rights issue, subscribing to 1.25 million equity shares at a premium of Rs 30 per share. Following the allotment, Exide Industries Limited…
Author: PPD Team Date: February 12, 2025 Waaree Group has started the construction of its alkaline electrolyser manufacturing facility in Valsad, Gujarat, with an initial production capacity of 300 MW. The plant will support industries like steel, refining, transportation, fertilizers, chemicals, food, and power generation in their transition to decarbonised processes. The factory will produce high-efficiency, durable electrolysers for large-scale green hydrogen production, featuring low power consumption and flexible operations, along with automated assembly lines…
Author: PPD Team Date: November 7, 2025 The Madhya Pradesh government has introduced the Samadhan Yojana 2025–26, a one-time settlement plan to recover Rs 120 billion in unpaid electricity dues from about 9.2 million consumers. The scheme provides surcharge waivers of up to 90% for domestic and agricultural users, and up to 80% for non-domestic and industrial consumers, depending on the timing of their lump-sum payments. Consumers making payments before December 31, 2025, will receive…
Author: PPD Team Date: December 3, 2025 Adani Green Energy Limited has set up two new wholly owned subsidiaries to support its planned growth in renewable power. The entities, Urjasetu Renewables Limited and Hydrobloom Power Limited, were incorporated on 02 December 2025 by Adani Renewable Energy Holding Eleven Limited. The company reported the move in a filing to the BSE and NSE on the same day. It stated that AREH11L, a wholly owned subsidiary of…
Author: PPD Team Date: January 17, 2025 PFC Consulting Ltd (PFCCL) has transferred two project Special Purpose Vehicles (SPVs) to their respective winning bidders for the development of interstate transmission system (ISTS) schemes. The SPVs transferred are: Gadag II & Koppal II Transmission Ltd to Power Grid Corporation of India Ltd Bijapur REZ Transmission Ltd to G R Infraprojects Ltd Both SPVs, originally wholly-owned subsidiaries of PFCCL, will now be under the ownership of the…
Author: PPD Team Date: April 10, 2025 The Ministry of Coal has signed agreements for two coal blocks under the 11th round of commercial coal mine auctions. Marwatola-II has been awarded to Singhal Business Private Limited. Namchik West has gone to PRA Nuravi Coal Mining Private Limited. One of the blocks is fully explored, while the other is partially explored. Together, the two mines have a peak rated capacity of 0.34 million tonnes per annum….