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SECTOR | 16 Oct 2024

JSW Energy: New Management Leads Turnaround In Order Inflows

NDTV Profit

JSW Energy's growth in locked-in generation capacity by 30.9% to 18.2 GW was due to a larger energy storage capacity, a renewable energy pipeline, and commissioning of under-construction capacity.

Energy and Power

SECTOR | 15 Oct 2024

Damodar Valley Corporation To Acquire Hiranmaye Energy With Rs 1,500 Crore Bid

NDTV Profit

This marks DVC's first acquisition, adding to its total installed capacity of around 6,700 MW, achieved through greenfield and brownfield expansions.

Energy and Power

SECTOR | 15 Oct 2024

Adani Energy Solutions acquires 2 SPVs from PFCCL for about Rs 38 cr

Business Standard

Adani Energy Solutions Ltd (AESL) on Tuesday said it has acquired two project special purpose vehicles from PFC Consulting Ltd for cash consideration of about Rs 38 crore. In two separate BSE filings, AESL stated that on October 14, 2024 it executed share purchase agreements with PFC Consulting Ltd (PFCCL) for acquiring 100 per cent equity shares of Jamnagar Transmission Ltd and Navinal Transmission Ltd. PFCCL, a subsidiary of Power Finance Corporation, received a cash consideration of Rs 19,28,48,589 for JTL and Rs 19,14,40,997 for NTL. Jamnagar Transmission Ltd (JTL) is established for the development of network expansion scheme in Gujarat for drawl of about 3.6 GW load under Phase-I in Jamnagar area. Navinal Transmission Ltd (NTL) aims drawl of up to 4.5 GW load in Mundra area of Gujarat from bulk consumers/ distribution licensee and green hydrogen.

Gautam Solar plans Rs 1,000 crore IPO to expand manufacturing capacity

Business Standard | 15 Oct 2024

Energy and Power

SECTOR | 15 Oct 2024

IBM Acquires Bangalore-Based Prescinto For Renewable Energy Asset Performance Management

NDTV Profit

The acquisition will enable IBM to support clients' sustainability initiatives and net-zero goals, allowing users to track and monitor the performance of renewable energy assets in near real-time.

Centre targetsRs 9.15 lakh crore investment opportunity in transmission sector by 2032

Business Today | 15 Oct 2024 7 more

Energy and Power

SECTOR | 15 Oct 2024

Mahayuti govt has spent its last days bestowing gifts on Adani Group: Cong

Business Standard

The Congress on Tuesday claimed that the Mahayuti government in Maharashtra knows it is not coming back to power and has spent its last few days allegedly bestowing "gifts" on the Adani group at the expense of the people of Mumbai and the state. Ahead of the announcement of the Maharashtra Assembly polls schedule, Congress general secretary in-charge communications Jairam Ramesh said the instructions from the top are clear -- "the Mahayuti's electoral future is bleak, but before it loses power, it must safeguard Modani's financial future". "The ECI is expected to announce the Maharashtra Assembly Elections today at 3:30 PM. A desperate Mahayuti knowing it is not coming back to power has spent its last few days bestowing gifts to Modani at the expense of the people of Mumbai and Maharashtra," Ramesh said in a post on X. Listing the alleged favours to the conglomerate, Ramesh said, "September 15 2024: Modani wins energy contract to supply 6,600 MW power to Maharashtra at inflated...