In Short : GK Energy has secured ₹100 crore in a pre-IPO funding round, boosting its expansion plans in the renewable energy sector. The funds will be utilized to scale up projects, strengthen infrastructure, and enhance clean energy capacities. The successful round reflects investor confidence in GK Energy’s growth potential and its commitment to driving […]
NLC India’s Green Energy Arm NIRL Prepares for Market Debut to Fuel Renewable Expansion – EQ
In Short : Neyveli Lignite Corporation (NLC) is preparing an IPO for its renewables subsidiary, NLC India Renewables (NIRL), to fund expansion. NIRL operates 1.4 GW of solar/wind projects and targets 6 GW by 2030. The move aligns with India’s 500 GW renewable goal. The offering, likely in 2024-25, awaits government approvals. This could set […]