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Vikram Solar IPO opens with Rs 6.21 billion raised from anchor investors
The initial public offering of Vikram Solar Limited opened on Tuesday and will close on 21 August 2025. The company has set the price band at Rs 315 to Rs 332 per share. The issue is proposed for listing on both the NSE and the BSE. The IPO seeks to raise Rs 20.79 billion. Of…
- India | Leadership | News
Top exits at Reliance NU Energies amid restructuring phase
Reliance NU Energies, the renewable energy subsidiary of Reliance Power, has seen major leadership changes with the resignation of Chief Executive Officer Mayank Bansal and Chief Operating Officer Rakesh Swaroop. Their departure comes less than a year after the company’s establishment in December 2024. Bansal and Swaroop, both of whom previously held senior positions at…
Servotech’s 60 kW, 120 kW EV chargers receive BEE 5-Star rating
Servotech Renewable Power System Ltd. has received a 5-Star rating from the Bureau of Energy Efficiency (BEE) for its 60 kW and 120 kW DC Fast EV Chargers under the BEE’s EV Charger Star Labelling Programme. The certification covers the company’s ST-EVDC60KW and ST-EVDC120KW models, which achieved a weighted average energy efficiency of 97%, qualifying…
BGR Tech partners with Elchemtech to introduce PEM water electrolysers
BGR Tech Limited has signed a Memorandum of Understanding (MoU) with South Korea’s Elchemtech Company Limited to introduce proton exchange membrane water electrolysers (PEMWE) in India. BGR Tech will integrate these electrolysers into its balance-of-plant (BoP) systems for green hydrogen projects nationwide. Both companies also evaluate the feasibility of manufacturing or assembling PEMWE stacks in…
FERC rejects plan to expand Amazon data centre capacity
The US Federal Energy Regulatory Commission (FERC) has rejected a proposed amendment to increase Amazon’s data centre load capacity at the Susquehanna nuclear facility in Pennsylvania from 300 MW to 480 MW. The amended interconnection service agreement, executed between Talen Energy, PJM Interconnection, and PPL Electric Utilities, aimed to expand capacity at the data center….
Brookfield sells 1.6 GW India renewables portfolio to Gentari
Brookfield Asset Management and its affiliates (Brookfield) have announced the sale of a 1.6 GW portfolio of solar and wind assets in India to Gentari Renewables India in a two-phase transaction. The first phase, involving the sale of 1 GW of operational assets, has been completed. Brookfield currently has an installed capacity of around 46…
