The acquisition comes amid projections of 8-10 per cent CAGR for India’s transformer market, driven by rising demand from emerging sectors such as green hydrogen, EV charging infrastructure, data centres, 5G rollout and railway electrification. Waaree Energies Ltd, India’s largest solar module manufacturer, has acquired a 64 per cent equity stake in Kotsons Pvt. Ltd...
Category: POWER & RENEWABLE ENERGY
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NALCO’s Lithium Leap: Head Reveals Timeline for Argentina Mines, Global Expansion Plans
Apart from initiating lithium mining operations in Argentina, the Bhubaneswar-headquartered company is also actively exploring smelting partnerships in Australia. India’s largest integrated producer of alumina and bauxite, NALCO, is positioning itself to support the country’s push for critical mineral security—particularly lithium—through overseas ventures, Chairman & Managing Director Bijendra Pratap Singh has said. The company has...
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REC Achieves ISO 31000 Certification, a First for India’s Public Sector NBFCs
With this, REC becomes the first public sector NBFC in India to be certified under ISO 31000, marking a new milestone in institutional risk governance. Government-owned non-banking financial company REC Ltd has received ISO 31000:2018 certification for its enterprise-wide risk management framework. The achievement makes REC—a Maharatna PSU—the first Indian public sector NBFC to attain...
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Shri Jitendra Srivastava assumes charge as CMD, REC Limited
Shri Jitendra Srivastava, IAS, has assumed charge as Chairman & Managing Director (CMD) of REC Limited on 22nd April 2025. On 18th April 2025, the Appointments Committee of the Cabinet (ACC) appointed Shri Srivastava, who is an IAS from Bihar Cadre (2000 Batch), as the CMD of REC. This appointment has been made in the rank and...
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HUL and Brookfield partner for GreenEnergy to meet Net Zero commitment.
Hindustan Unilever (HUL) has forged a strategic partnership with Brookfield to establish a solar energy park with a capacity of 45 MW in Rajasthan, marking a significant move towards achieving its net-zero goals. The solar project will be developed at the site of Brookfield’s solar park, part of the Brookfield Global Transition Fund. HUL aims...
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RIL & Adani Group withdraw bid to acquire SKS Power Generation
Sarda Energy, Jindal Power, NTPC, Torrent Power & VPAM in the race
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Ahmednagar to soon have its first solar agri-feeder
The government has purchased 5.45 hectares of land.
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Brookfield to Acquire KKR’s 50% Stake in Renewable Developer X-Elio
X-ELIO has built or developed 3 GW of renewable energy projects.
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SCHOTT enters PPA with CleanMax for Wind Solar Hybrid Project
To switch its electricity supply to 100 per cent green energy
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Power Grid Corporation receives 6 Special Purpose Vehicles from REC
Projects bagged through tariff based competitive bidding process