Torrent Power Limited has concluded the sale of 100 per cent equity shares of Torrent Electricals Private Limited (TEPL) to Torrent Investments Private Limited (TIPL), a holding company, for a consideration of Rs 850 million.
The sale involves TEPL, which contributed Rs 6.51 billion in revenue, representing 2.4 per cent of Torrent Power’s total revenue, and had a net worth of Rs 153 million, constituting 0.12 per cent of the total net worth.
Thermax has partnered with Ceres Power to manufacture large-scale Solid Oxide Electrolysis Cells (SOEC), crucial for green hydrogen production. Leveraging its expertise in heat integration and waste heat recovery, Thermax will develop and produce pressurised stack array modules (SAM) and SAM balance of modules (SBM), essential for multi-megawatt SOEC electrolyser systems. Under a global license agreement, Thermax will manufacture, sell, and service these systems based on Ceres’ advanced SOEC technology. The collaboration aims to deliver…
A potential of about 10,600 MW of geothermal power has been estimated in the country by the Geological Survey of India (GSI). GSI explored 381 thermally anomalous areas and published the findings in “Geothermal Atlas of India, 2022.” The Ministry of New and Renewable Energy (MNRE) is implementing the “Renewable Energy Research and Technology Development Programme (RE-RTD)” through various research institutions and industries to develop indigenous, efficient, and cost-effective renewable energy technologies, including geothermal energy….
Waaree Renewable Technologies Ltd. has received a term sheet to execute the Engineering, Procurement, and Construction (EPC) of a 2012.47 MWp DC ground-mounted solar photovoltaic project. The project is valued at approximately Rs 12.33 billion, excluding levies.
Indian solar manufacturer Goldi Solar has announced plans to significantly expand its production capacity over the next few years. The company aims to increase its solar module capacity from 3GW to 14GW by mid-FY2026 and build a new 4GW solar cell plant by FY2027. The new solar module plant will be located in Gujarat, where Goldi Solar already operates two assembly plants in Pipodara and Navsari with a combined 3GW capacity. This expansion is part…
NTPC Green Energy Limited (NGEL) and the New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) have formed a joint venture to invest Rs 1,870 billion in renewable energy projects across Andhra Pradesh. The partnership targets the development of 25 GW of solar, wind, and hybrid energy projects, 10 GW of pumped hydro storage, and the production of 0.5 MTPA of green hydrogen, ammonia, and methanol. The initiative is expected to deliver financial benefits…
Aravinda Electricals Infra has emerged as the lowest bidder (L1) for a project by Power Transmission Corporation of Uttarakhand (PTCUL). The project involves constructing a 220 kV Gas-insulated Substation (GIS) in Ghansali. The company’s quoted bid value is Rs 1.73 billion.