Author: PPD Team Date: January 22, 2025
The Travancore Devaswom Board (TDB) plans to set up a solar energy plant with technical support from Cochin International Airport Limited (CIAL), recognized as the first fully solar-powered airport.
CIAL is preparing the detailed project report and offering technical guidance for the initiative.
Author: PPD Team Date: October 28, 2024 Rajesh Power Services Ltd (RPSL) has filed its draft red herring prospectus (DRHP) with BSE SME for an initial public offering (IPO). The IPO includes a fresh issue of 2.79 million equity shares, each with a face value of Rs 10, and an offer for sale of up to 2 million equity shares, also with a face value of Rs 10, through the book-building route. The selling shareholders…
Author: PPD Team Date: December 23, 2025 ArcelorMittal has announced that it will invest USD 900 million in three renewable energy projects in India with a combined capacity of 1 GW. The projects will increase the company’s global renewable energy capacity to 3.3 GW on completion. The projects will be located in Maharashtra, Rajasthan, and Gujarat, with power supplied to AMNS India, the steelmaking joint venture between ArcelorMittal and Nippon Steel. The portfolio includes a…
Author: PPD Team Date: September 12, 2025 Kalpataru Projects International Limited (KPIL) has won new orders worth Rs 27.2 billion across its power transmission and distribution (T&D) business. The contracts include T&D projects in both domestic and international markets, along with orders in the buildings and factories segment in India. For the first quarter of FY 2025-26, KPIL reported revenue of Rs 6,187.52 crore. Net profit stood at Rs 213.59 crore, while EBITDA was Rs…
Author: PPD Team Date: January 9, 2025 Mahindra has opened a new manufacturing and battery assembly facility at its Chakan plant, dedicated to producing Electric Origin SUVs. The facility, powered entirely by renewable energy, operates as a water-positive unit within Mahindra’s Chakan manufacturing hub. This development is part of Mahindra’s Rs 45 billion investment from its Rs 160 billion FY22–FY27 investment cycle, which includes powertrain development, new product platforms, and expanded manufacturing capacity. The facility…
Author: PPD Team Date: June 26, 2025 The Ministry of Heavy Industries (MHI) has launched the application portal under the Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI). The scheme is aimed at attracting global electric vehicle (EV) manufacturers while strengthening domestic EV production. The portal will accept applications from 24 June 2025 to 21 October 2025. Approved applicants will be required to invest at least Rs 41.50 billion and will be…
Author: PPD Team Date: October 17, 2025 Saatvik Green Energy Limited and its subsidiary Saatvik Solar Industries Private Limited have received solar photovoltaic (PV) module supply orders worth Rs 6.89 billion from independent power producers and engineering, procurement, and construction developers across India. Of the total, Saatvik Green Energy received Rs 0.51 billion in orders, scheduled for execution by November 2025. Its subsidiary, Saatvik Solar Industries, secured Rs 6.38 billion in orders, with completion targeted…