In Short : Vedanta Ltd plans to raise ₹5,000 crore through non-convertible debentures (NCDs) to support business operations and a planned demerger. The move follows a strong Q4 showing, with a 154% profit surge to ₹3,483 crore and revenue rising to ₹41,216 crore. The NCDs will be listed on the BSE, enhancing financial flexibility and […]
Adani Energy Solutions Plans ₹16,000–18,000 Crore Investment for FY26 to Boost Transmission and Smart Metering – EQ
In Short : Adani Energy Solutions has allocated ₹16,000–18,000 crore for capital expenditure in FY26, focusing on transmission, smart metering, and distribution. Around ₹12,000–13,000 crore will be invested in transmission projects, including the Mumbai HVDC project. The company plans to install 70–80 lakh smart meters, aiming for a total of 1 crore meters by March […]
Rays Power Infra Limited Secures EPC Projects Worth Over ₹2,000 Crore and Emerges as L1 Bidder for ₹1,600 Crore Projects – EQ
New Delhi – Rays Power Infra Limited, a prominent business of developing and implementing solar solutions provider, has secured Engineering, Procurement, and Construction (EPC) projects worth over ₹2,000 crore across Maharashtra, Rajasthan, and Madhya Pradesh. In addition, the company has been declared the L1 bidder for EPC projects worth ₹1,600 crore in Assam and Madhya […]
NTPC Announces Rs 96,000 Crore Investment in Chhattisgarh for Clean Energy Projects – EQ
In Short : NTPC Ltd. and its subsidiary NTPC Green Energy Ltd. will invest ₹96,000 crore in Chhattisgarh for clean energy projects. This includes a 4,200 MW nuclear plant worth ₹80,000 crore and a ₹5,876 crore pumped hydro storage project. Additionally, NTPC will develop 2 GW of renewable energy projects, strengthening the state’s power infrastructure […]
22nd EGM: IREDA Shareholders Approve up to ₹5,000 Crore Fundraising via QIP – EQ
In Short : At its 22nd Extraordinary General Meeting (EGM), IREDA shareholders approved a ₹5,000 crore fundraising plan through a Qualified Institutional Placement (QIP). The funds will support renewable energy financing, boosting India’s green energy transition. This move strengthens IREDA’s capital base, enabling greater investments in solar, wind, and other clean energy projects. In Detail […]
Gensol Engineering Limited’s Solar EPC order book crosses INR4,000 Crore as on 30th September’24 – EQ
Ahmedabad – Gensol Engineering Limited (BSE: 542851, NSE: GENSOL),a leading player in the renewable energy sector specializing in solar power engineering, procurement, and construction (EPC) services, today announced that its solar EPC order book is INR4,097 Crore representing 1.5GW as of 30thSeptember2024.This substantial figure includes solar projects from both Public Sector Undertakings (PSUs) and private […]
FAME scheme rejig boosts funds for e-Bus, e-Bike segments – EQ Mag
Government has approved Phase-II of FAME Scheme with an outlay of Rs. 10,000 Crore for a period of 3 years commencing from 1st April 2019. Out of total budgetary support, about 86 percent of fund has been allocated for Demand Incentive so as to create demand for xEVs in the country. This phase aims to […]
Madhya Pradesh: Wind solar hybrid plant in Chhatarpur on anvil – EQ Mag
An officer of MP Urja Vikas Nigam said that project would come up in 1900 hectares at the cost Rs 6,000 crore. Bhopal (Madhya Pradesh) : A wind solar hybrid plant with storage facility is coming up in Chhattapur. Its technical assessment has been done and a Detailed Project Report has been prepared. On completion, […]
Mahindra To Invest 3,000 Crore Towards Electric Vehicle Business In Next Three Years
The company says this fresh investment of Rs. 3,000 crore will be used for multiple purposes, including the development of a new platform that can underpin several future products. Mahindra & Mahindra, the homegrown automaker plans to make investments of 3,000 crore for its electric vehicle business. According to a report from PTI, the Indian […]
Equis looks to sell its power platform in India Hydreq for Rs2,000 crore
Hydreq has a controlling stake in two hydroelectric plants in Sikkim Mumbai: Equis Pte. Ltd, an independent Asian infrastructure and real asset investment manager, is looking to sell its Indian hydroelectric power platform Hydreq, which owns and operates close to 200 megawatts (MW), two people aware of the development said. Hydreq owns a controlling stake […]