Tata Power has entered into a $4.25 billion Memorandum of Understanding (MoU) with the Asian Development Bank (ADB) to explore financing options for renewable energy and power infrastructure projects in India. The agreement was formalized during the COP29 climate conference in Baku, Azerbaijan. The proposed projects include a 966 MW solar-wind hybrid facility, pumped hydro […]
Praj Industries has outlined its plan to triple its annual revenue to INR 10,000 crore by 2030, focusing on opportunities in sustainable aviation fuel (SAF), biopolymers, and energy transition initiatives. The company, which currently generates revenues of approximately INR 3,400 crore annually, also aims to increase its export share from 29% to 50% by the […]
Bhageria Industries Limited announced the incorporation of a wholly owned subsidiary named New Ahilyanagar Solar Private Limited on November 20, 2024. According to a company press release, the move aligns with its broader strategy to expand its business operations. The newly established entity has an authorized share capital of ₹1,00,000. The entire shareholding of the […]
Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power Company Limited, has commissioned the Omkareshwar Floating Solar Project in Madhya Pradesh’s Khandwa district. The project, with a capacity of 126 MW, was completed under an EPC contract valued at ₹596 crore awarded by NHDC Limited. The Omkareshwar project supplies energy to Madhya Pradesh […]
Inox Wind Limited announced a new 87 MW order from Continuum Green Energy Private Ltd., marking a repeat contract for its 3 MW wind turbine generators (WTGs). The project will be executed on a turnkey basis across locations in Gujarat and Rajasthan. The agreement includes multi-year operations and maintenance (O&M) services following the commissioning of […]
Alfa Laval recently inaugurated a new Global Core Component factory in India. This facility is the company’s third such center globally, following similar factories in Sweden and China. The India facility aims to support large-scale energy transition projects across various industries, including power, nuclear, green hydrogen, refinery, and petrochemical sectors. Alfa Laval, headquartered in Sweden, […]
Hindustan Petroleum Corporation Ltd’s (HPCL) research division, HP Green R&D Centre (HPGRDC), has partnered with Engineers India Ltd (EIL) to commercialize HPGRDC’s hydrogen pressure swing adsorption (HP-PSA) technology in India. In this collaboration, HPCL will serve as the technology licensor, while EIL will manage engineering and commercialization within the country. The HP-PSA technology, designed to […]
NTPC Ltd. and Rajasthan Rajya Vidyut Utpadan Nigam Ltd. (RVUNL) have formalized a 50:50 joint venture to co-own and manage the Chhabra Thermal Power Plant, a 2,320 MW coal-based facility in Rajasthan. Under the new agreement, NTPC will hold management control of the plant, while both entities will participate equally in appointing directors. The joint […]
Tata Power has announced an investment of ₹550 crore (approximately $66 million) to develop and manage renewable energy and infrastructure at Noida International Airport (NIA). The agreement, structured around two Power Purchase Agreements (PPAs) for wind and solar power, was signed in New Delhi by representatives from both organizations, including Sanjay Banga, President of Transmission […]
Gensol Engineering Ltd. announced that its order book for engineering, procurement, and construction (EPC) services in the solar sector has reached Rs 5,424 crore as of October 31, 2024. The company stated that these projects include work for both Public Sector Undertakings (PSUs) and private sector clients, with completion expected within the next 12 to […]
