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Power Grid Corporation of India has signed a landmark green loan agreement with Sumitomo Mitsui Banking Corporation (SMBC) for USD 200 million, aimed at boosting renewable energy integration into the national grid. This collaboration supports India’s sustainable energy transition by funding critical infrastructure for solar and wind energy evacuation.
BPCL has secured a major win by emerging as the lowest bidder for NTPC's 1200 MW solar project, with a 150 MW share valued at Rs 756 crore. This move underscores BPCL’s commitment to expanding its renewable energy portfolio and supporting India's clean energy goals.
JSW Energy has successfully acquired KSK Mahanadi Power by outbidding Adani Power with a Rs 15,985 crore offer. This strategic move enhances JSW's position in the energy sector and promises significant financial recoveries for creditors. Dive into the details of this impactful acquisition and its implications for the future of India's power market.
NTPC has approved a ₹9,790 crore investment for Stage-III of the Sipat Super Thermal Power Project, adding 800 MW of capacity. This move aims to enhance energy security in India while creating jobs and addressing environmental challenges. Read on to explore the project's significance and its impact on the power sector.
Coal India Ltd. is investing $8 billion to build new coal-fired power plants near its mines, aiming to add 4.7 gigawatts of capacity in Odisha over the next 6-7 years. This substantial investment highlights India's continued dependence on coal to meet surging electricity demand, even as the country pursues a long-term goal of net-zero emissions by 2070.
SJVN and IREDA, in partnership with GMR Group, have announced a transformative $1.08 billion hydroelectric project in Nepal. This major investment, structured with a 70:30 debt-to-equity ratio, is set to significantly enhance regional energy infrastructure. Discover the details of the project’s financing, share distribution, and how this move is impacting stock prices and future growth prospects for all involved parties.
JSW Neo Energy has just clinched a pivotal contract to establish a 600 MW wind-solar hybrid power project, awarded by Maharashtra State Electricity Distribution Company. This significant development boosts JSW Energy's total generation capacity to 18.2 GW and advances its ambitious goal of reaching 10 GW by 2025. Explore how this project enhances JSW Energy’s renewable portfolio and its implications for the future of clean energy.
Suzlon Energy has finalized its acquisition of a 51% stake in Renom Energy Services for Rs 400 crore, marking a significant expansion in its renewable energy portfolio. This strategic move not only enhances Suzlon’s operational capabilities in wind and solar O&M services but also positions it to target over 32 GW of non-Suzlon wind assets. Explore the implications of this deal, Suzlon’s recent stock performance, and how it aligns with the company’s long-term growth strategy.
Adani Power is making significant strides with its latest expansion into the Middle East through the launch of Adani Power Middle East Ltd. in Abu Dhabi. This new subsidiary will focus on investments in the region’s power and infrastructure sectors. Simultaneously, Adani Power is bolstering its presence in India with a major acquisition of Lanco Amarkantak Power Ltd., enhancing its thermal power capacity by 11.2 GW. Explore how these moves are set to reshape the energy landscape both regionally and globally.
Suzlon Energy has achieved a remarkable milestone, surpassing a Rs 1 trillion market capitalization following a dramatic 90% increase in its stock price over the past three months. This achievement highlights the company's robust financial performance, strategic acquisitions, and positive outlook for the renewable energy sector. In this blog, we explore the factors driving Suzlon's impressive rise, including record earnings, successful equity and debt conversions, and the impact of recent industry trends. Discover what this means for Suzlon’s future and its role in the global renewable energy landscape.