In Short : Competition Commission of India has approved the proposed restructuring of Vishakha Renewables Ltd, allowing its renewables business to merge with Vishakha Glass Pvt Ltd. The move aims to streamline operations, improve efficiency, and strengthen business synergies, reflecting ongoing consolidation trends within India’s renewable energy and industrial sectors. In Detail : The Competition […]
Andhra Pradesh Approves ₹2,500 Crore Cathode Plant in Chittoor to Strengthen EV Battery Ecosystem – EQ
In Short : Government of Andhra Pradesh has approved a ₹2,500 crore cathode manufacturing plant by NSPSL in Chittoor. The project aims to boost India’s electric vehicle supply chain, enhance domestic battery material production, and attract advanced manufacturing investments, reinforcing the state’s position as an emerging hub for clean energy and EV-related industries. In Detail […]
Maharashtra Clears MSEDCL IPO Plan, Approves ₹32,679 Crore Borrowing for Financial Restructuring – EQ
In Short : Maharashtra has approved the IPO of MSEDCL alongside a financial restructuring involving borrowing of over ₹32,679 crore. The move aims to strengthen the utility’s balance sheet, improve operational efficiency, and enable infrastructure upgrades. The restructuring includes splitting agricultural and non-agricultural businesses, enhancing transparency, and supporting modernization of power distribution and renewable energy […]
PGCIL Board Approves New Merger Plan for 28 Subsidiaries to Streamline Operations – EQ
In Short : The board of Power Grid Corporation of India Limited approved a new merger plan for 28 subsidiaries to simplify corporate structure and improve operational efficiency. The restructuring aims to enhance asset management, reduce administrative overheads, and strengthen project execution. The move is expected to support transmission expansion, financial optimization, and long-term growth […]
Sahaj Solar Approves UAE Subsidiary to Establish 750 MW Solar Panel Manufacturing Facility – EQ
In Short : Sahaj Solar has approved the formation of a subsidiary in the United Arab Emirates to establish a 750 MW solar panel manufacturing facility. The move aims to expand the company’s global presence and strengthen its manufacturing capabilities in the renewable energy sector. The project is expected to support growing international demand for […]
Maharashtra Approves Procurement of 2,269 MW Solar Power to Accelerate Clean Energy Expansion – EQ
In Short : Maharashtra has approved the procurement of 2,269 MW of solar power to strengthen its renewable energy capacity and support the state’s transition toward cleaner electricity generation. The move will help distribution companies meet renewable purchase obligations while improving power availability. The initiative also contributes to India’s broader renewable energy targets and long-term […]
JK Tyre Approves ₹5.04 Crore Investment in Solar Company Sunpulse Power – EQ
In Short : JK Tyre & Industries has approved an investment of ₹5.04 crore in solar energy company Sunpulse Power Private Limited. The move aims to support renewable energy adoption and strengthen the company’s sustainability initiatives. The investment will help develop solar power capacity to meet part of JK Tyre’s energy needs while reducing carbon […]
Tamil Nadu Approves 1,500 MWh Battery Storage Projects to Strengthen 24×7 Green Power Supply – EQ
In Short : The Tamil Nadu government has cleared 1,500 MWh of battery energy storage projects to enhance round-the-clock renewable power supply. The initiative aims to improve grid stability, support higher renewable integration, and ensure reliable electricity distribution. The move marks a significant step in strengthening energy storage infrastructure and advancing the state’s clean energy […]
Cabinet approves Startup India Fund of Funds 2.0 to Mobilize Venture Capital for India’s Startup Ecosystem – EQ
In Short : The Union Cabinet has approved the Startup India Fund of Funds 2.0 with a ₹10,000 crore corpus to mobilize venture capital for India’s startup ecosystem. The initiative aims to boost domestic funding for deep-tech, innovation-led, and early-growth startups through SEBI-registered Alternative Investment Funds, strengthening India’s entrepreneurial landscape and accelerating long-term economic growth. […]
Kerala Approves Smart Prepaid Billing Procedure to Modernize Power Distribution – EQ
In Short : Kerala has approved a smart prepaid billing procedure aimed at modernizing electricity distribution and improving revenue efficiency. The initiative introduces prepaid smart meters, enabling consumers to monitor usage in real time and manage expenses effectively. The reform is expected to reduce billing disputes, enhance transparency, and strengthen the financial health of the […]