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Solar91 Cleantech secures BSE approval for Rs 1 billion SME IPO
Solar91 Cleantech has received approval from the Bombay Stock Exchange to proceed with its small medium enterprise (SME) initial public offering (IPO). The IPO will involve the issuance of up to 5.43 million equity shares, targeting a fundraising of Rs 1 billion. The proceeds will be used to support Solar91 Cleantech’s transition into an independent…
Stiesdal Offshore partners with Copenhagen Infrastructure for floating wind sector
Stiesdal Offshore and Copenhagen Infrastructure Partners (CIP), through its Copenhagen Infrastructure V (CI V) fund, have formed a strategic collaboration to establish Stiesdal Offshore as a leading player in the floating wind sector. As part of this partnership, CI V has acquired a minority stake in Stiesdal Offshore. Stiesdal will provide engineering services and project…
Telawne Power receives investment from Ramesh Jaisinghani and Mastermind JPIN
Telawne Power Equipments Pvt Ltd secured a Rs 200 million equity infusion to accelerate growth and technological innovation. The investment came from Ramesh Jaisinghani, Promoter of Polycab India Ltd, through his family office Vyom, and Mastermind JPIN. Both investors contributed Rs 100 million each. Managing Director Rakesh Telawne highlighted that this partnership strengthens the company’s…
UltraTech to acquire 26.18% stake in Sunsure solar SPV
UltraTech Cement Limited has agreed to acquire a 26.18% equity stake in Sunsure Solarpark Seven Private Limited, which is developing a 60 MWp DC / 40 MW AC solar project with integrated battery storage in Charkhari, Uttar Pradesh. The company will invest up to Rs 19.20 crore in cash for the stake. The acquisition was…
Westinghouse and Hyundai sign contract for reactors in Bulgaria
A consortium of Westinghouse Electric Company and South Korea’s Hyundai Engineering & Construction has secured an engineering services contract with Bulgaria’s Kozloduy NPP-Newbuild. This contract advances the project beyond the front-end engineering and design phase towards the construction of two AP1000 nuclear reactors at the Kozloduy site. The AP1000, a Generation III+ reactor known for…
ACME Solar secures 50 MW FDRE project in Tata Power-D auction
ACME Solar Holdings Ltd has received a letter of award for developing a 50 MW firm and dispatchable renewable energy (FDRE) project at a tariff of Rs 4.43 per unit. The award came under Tata Power Company Limited’s 250 MW FDRE tender conducted by its distribution arm Tata Power-D. The FDRE tender was carried out…
