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Waaree Energies subsidiary to acquire Sunbreeze Ninth Cloud
Waaree Energies Limited announced that its wholly owned subsidiary, Waaree Forever Energies Private Limited (WFEPL), has entered into a Share Purchase Agreement to acquire 100% equity in Sunbreeze Ninth Cloud Private Limited. The acquisition is subject to standard closing conditions and is expected to be completed by November 30, 2025, or on a mutually agreed…
Shimato Enterprises partners with Constronics Infra for 21 MW solar project in Tamil Nadu
Shimato Enterprises Private Limited signed a term sheet agreement with Constronics Infra Limited for the development of a 21 MW solar power project in Virudhunagar, Tamil Nadu on November 29, 2024. As per the agreement, Shimato Enterprises along with its subsidiaries and associates will acquire land, design, supply and install the solar power project along…
Ministry of Coal introduces incentives to boost underground coal mining
The Ministry of Coal in India has introduced new policy incentives aimed at boosting underground coal mining. These incentives are designed to reduce financial burdens and encourage investment in the sector. Key measures include a reduction in the floor percentage of revenue share for underground coal mines from 4% to 2%, along with the complete…
Karnataka budget 2026-27 allocates funds for BESS, solar and power subsidies
The Government of Karnataka has presented the state budget for 2026-27, outlining measures focused on power sector infrastructure, renewable energy expansion, and continued electricity subsidy support for farmers and households. Over the past three years, the state has allocated Rs 48,000 crore under the free electricity subsidy scheme, covering 36 lakh irrigation pump sets and…
PFCCL invites bids for South Kalamb transmission project in Maharashtra
PFC Consulting Limited (PFCCL) has launched the bid process to select a Transmission Service Provider (TSP) for the “Network Expansion Scheme for drawal of power at South Kalamb S/s: Part A” in Maharashtra. PFCCL was appointed as the Bid Process Coordinator (BPC) on August 19, 2025. The selected TSP will be responsible for designing, constructing,…
Shakti Pumps wins Rs 7.54 billion solar water pump contract from MSEDCL
Shakti Pumps Limited has secured a contract from Maharashtra State Electricity Distribution Company Limited (MSEDCL) to supply and install 25,000 stand-alone off-grid direct current solar photovoltaic water pumping systems. The contract, valued at Rs 7.54 billion, includes the design, manufacture, transport, installation, testing, and commissioning of the systems. In November 2024, Shakti Pumps received an…
