Author: PPD Team Date: November 26, 2024
Waaree Technologies Limited has received a purchase order from Waaree Renewable Technologies Limited for 530 solar kits, comprising batteries and solar-powered street lights.
The order is scheduled for delivery within eight weeks and has been conducted on an arm’s length basis.
Author: PPD Team Date: April 14, 2025 NHPC Limited started commercial operations of 107.14 MW solar capacity on April 12, 2025, under the 1,000 MW Grid Connected Solar PV Power Project (CPSU Tranche-III) at Bikaner, Rajasthan. With this, the total commissioned capacity under the project now stands at 138.14 MW. This capacity is part of a 300 MW solar power plant being developed by Tata Power Solar Systems Limited at Karnisar-Bhatiyan in Bikaner. The project…
Author: PPD Team Date: August 11, 2025 CORE Energy Systems has secured Rs 2 billion in a new funding round led by investors and a group of strategic backers. The funds will support the expansion of the company’s manufacturing facilities and contribute to India’s nuclear energy initiatives, including small modular reactor (SMR) and Bharat Modular Reactor programmes. This round marks the exit of early institutional investor IDBI Capital Markets & Securities, which had invested through…
Author: PPD Team Date: August 12, 2025 Grid-India has released a draft procedure to govern scheduling, metering, accounting, deviation settlement, transmission charge waivers, and Renewable Energy Certificate mechanisms for Energy Storage Systems, including battery storage and pumped storage projects. The draft, dated August 6, 2025, seeks to create a standard operational framework for projects linked to the Interstate Transmission System. Under the proposal, Regional Load Despatch Centres will handle scheduling for charging and discharging. No…
Author: PPD Team Date: August 11, 2025 GVK Power and Infrastructure Limited, which is undergoing the Corporate Insolvency Resolution Process (CIRP), has issued a provisional list of prospective resolution applicants for its assets, categorised into five groups, according to a filing with the stock exchanges. The categories include the corporate debtor as a going concern, its full ownership in GVK Perambalur SEZ Private Limited, a 1.75% stake in GVK Airport Developers Limited, complete ownership of…
Author: PPD Team Date: January 19, 2026 CG Power and Industrial Solutions Limited has secured its largest-ever single order, valued at approximately Rs 900 crore ($99.2 million), from Tallgrass Integrated Logistics Solutions LLC, USA. The export contract covers the supply of power transformers for a large-scale data centre project in the United States, marking CG Power’s entry into the global data centre segment. In a press release dated 17 January 2026, the Mumbai-based engineering company…
Author: PPD Team Date: May 8, 2025 ReNew Energy Global has secured an investment of Rs 8.7 billion from British International Investment (BII) in its subsidiary, ReNew Photovoltaics. This is BII’s first investment in India’s solar manufacturing sector and involves the acquisition of a minority stake in the subsidiary. The funding will be used to build a new 4 GW TOPCon solar cell facility in Dholera, Gujarat. Once complete, ReNew’s total manufacturing capacity will rise…