L&T too jumps into the renewable power train

Larsen & Toubro Ltd. (L&T) and ReNew Power, a renewable energy company (promoted by Sumant Sinha), have entered into a partnership agreement to tap the emerging green hydrogen business in India. Under this agreement, L&T and ReNew will jointly develop, own, execute and operate green hydrogen projects in the country and in other countries. “It … Read more

JSW Energy separates Green and Grey businesses

In line with the ongoing industry trends, JSW Energy too separates it’s Green (Renewables) from Grey (Thermal) business into a separate 100% owned subsidiary – JSW Energy Neo. Key Points to note: The Company targets to reach a power generation capacity of 20GW by 2030 compared with 4.5GW currently. Of the current capacity 30% is … Read more

IPCA buys additional 16.73% in Lyka. Triggers open offer

IPCA already owns 9.84% of Lyka. Besides, IPCA’s promoters separately held 1.18% in Lyka. It has now bought additional 16.73% from Lyka’s shareholders taking it’s total stake to 26.57% (excluding the above 1.18%). Key points to note – In line with the regulations, the transaction has kicked an open offer of additional 26% at the … Read more

Greaves Cotton launches it’s largest EV plant in Tamil Nadu

Plant is launched through it’s 100% subsidiary, Greaves Electric Mobility. Key points to note – Tamil Nadu is fast becoming the EV capital of India. After Ola, this is the 2nd large EV facility in the state. The current facility is spread across 35 acres and would be used both for domestic sales and exports. … Read more

GMR Wins an airport project in Indonesia

GMR is announced as the winning bidder for development and operation of Kualanamu International Airport in Medan, Indonesia. Key points to note – Contract has been won by GMR Airports Limited (GAL), a subsidiary of GMR Infrastructure Limited. GMR will enter into 49:51 partnership with Angkasa Pura 2 (AP2) for this project. AP2 is a … Read more