In Short : Ola Electric’s subsidiary plans to raise ₹8.77 billion through preferential share issuance to strengthen its financial position and fund expansion initiatives. The capital infusion will support increased production, research, and development of electric vehicles, enabling the company to scale operations and enhance its footprint in India’s rapidly growing EV market while advancing […]
Apollo Green Energy to form Subsidiary; Invest Rs 500 Crore to Build 1 GW Portfolio – EQ
In Short : Apollo Green Energy has announced plans to establish a subsidiary and invest Rs 500 crore to develop a 1GW renewable energy portfolio. This strategic move aims to expand its footprint in the clean energy sector, focusing on solar and wind projects. The investment reflects Apollo Green Energy’s commitment to driving sustainable energy […]
KPI Green Energy’s Subsidiary Wins Solar Power Projects Worth 15.9 MW – EQ
In Short : KPI Green Energy’s subsidiary, KPIG Energia, has secured 15.9 MW of solar power projects under the captive power producer (CPP) model. The projects will cater to multiple industrial clients, reinforcing the company’s commitment to renewable energy expansion. This achievement strengthens KPI Green Energy’s role in India’s clean energy transition and sustainable power […]
Adani Green Energy Expands Operations With New Renewable Energy Subsidiary – EQ
In Short : Adani Green Energy Limited (AGEL) has launched a new subsidiary, Adani Green Energy Sixty Eight Limited (AGE68L), to expand its renewable energy operations. This subsidiary will focus on renewable energy generation and related activities, supporting AGEL’s strategy to increase its renewable energy capacity and contribute to India’s clean energy goals. In Detail […]
REC Forms Subsidiary to Boost Renewable Power in Madhya Pradesh – EQ
In Short : REC Limited has formed a subsidiary, RECPDCL, to develop renewable power transmission infrastructure in Madhya Pradesh. The subsidiary will support the state’s renewable energy targets, aiming for 20% of electricity from renewables by FY 2024 and 50% by FY 2030. This initiative aligns with India’s renewable energy goals and strengthens clean energy […]
Tata Power arm TPIPL acquires 10% equity in ABV; total stake rises to 50%
The 10 per cent stake acquisition has increased TPIPL’s shareholding in ABV to 50 per cent. NEW DELHI: Tata Power on Wednesday said its arm Tata Power International Pte Ltd (TPIPL) has acquired 10 per cent stake in Adjaristsqali Netherlands BV (ABV) from the International Finance Corporation (IFC) for USD 150,000 (about Rs 1.13 crore). […]
