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Shakti Pumps invests Rs 10 crore more in EV arm
Shakti Pumps (India) Limited has infused an additional Rs 10 crore into its wholly owned subsidiary, Shakti EV Mobility Private Limited, through the subscription of 1,00,00,000 equity shares at a face value of Rs 10 each. The transaction was completed on a cash basis. With this tranche, Shakti Pumps’ total investment in Shakti EV Mobility…
Torrent Power sets up subsidiary for renewable energy projects
Torrent Green Energy Private Limited (TGEPL), a wholly owned subsidiary of Torrent Power Limited (TPL), has incorporated a new wholly owned subsidiary, Torrent Urja 30 Private Limited (TU30), for the implementation of renewable energy (RE) power projects in India on February 19, 2025. The newly formed entity will engage in power generation, transmission, distribution, purchase,…
Reliance Group plans Rs 180 billion fundraise for energy expansion
Reliance Group has secured board approvals from Reliance Infrastructure and Reliance Power to raise Rs 180 billion through a mix of equity and debt to support its expansion into the power and renewable energy sectors. According to the company’s release, the fundraising will enable the group to execute its next phase of growth, which includes…
Bharti Airtel invests in 50 MW wind-solar hybrid project in Rajasthan
Bharti Airtel has acquired a 26% stake in a special purpose vehicle of AMPIN Energy Transition to develop a 50 MW wind-solar hybrid power project in Barmer, Rajasthan. The Rs 378.9 million investment will enable Airtel to source green energy in a captive mode, utilizing interstate transmission networks for nationwide distribution. The project, under AMP…
Waaree Energies starts 950 MW solar module line in Gujarat
Waaree Energies Limited has commissioned a 950 MW solar module manufacturing line at its plant in Degam, Chikli taluka, Navsari district, Gujarat. The facility began operations on 30 September 2025. In September 2025, the company also added four subsidiaries under Waaree Forever Energies Private Limited, including Waaree Forever Energies Three Private Limited incorporated on 24…
Gensol Engineering plans Rs 3.5 billion sale of US subsidiary
Gensol Engineering Limited has signed a non-binding term sheet for a Rs 3.5 billion strategic transaction to sell its US subsidiary, Scorpius Trackers, to a major renewable energy solutions provider in the US. The deal includes the transfer of exclusive global intellectual property rights for Scorpius Trackers’ advanced solar tracking technology. The transaction will be…
