The Company had set aggressive growth targets in 2022, that never materialized due to it’s over bullishness and industry headwinds. It had later gave up various expansion plans as well as withdrew from loss making international operations. Now once again, Company (BRL) seems to be hopeful of a brighter future; atleast in the short term. … Read more
The Sajjan Jindal-led JSW Group has put its plans to build a 50GWh battery cell gigafactory in India on hold after failing to secure a Chinese technology partner because of Beijing’s restrictions on technology transfers, a top company executive said. Speaking to reporters on the sidelines of JSW MG Motor India’s launch of Hector Tomahawk—a … Read more
Infrastructure investor Macquarie Asset Management is in advanced negotiations to acquire a significant controlling stake in renewable energy platform Fourth Partner Energy for an enterprise value of about $2 billion (₹19,006 crore), said people familiar with the matter. The deal is expected to peg the company’s equity value at around $1 billion, the people said. … Read more
Reliance Industries‘ 49th annual general meeting (AGM) on Friday will be in sharp focus as investors await updates on the group’s strategic roadmap, including the timeline for the much-anticipated Jio Platforms IPO, retail growth plans, and developments in its new energy business. During the last AGM held in 2025, the company unveiled a series of … Read more
Called Suzlon 2.0, this plan also includes resumption of export of wind turbines to Europe after nearly two decades, which the company announced in April. After Europe, the company also has its sights on markets like Australia, Middle East & North Africa, and South America. By 2031, the company wants to book 3 gigawatts of … Read more
India is entering a decisive phase of growth, driven by AI that has the potential to transform industry, infrastructure and energy systems. From advanced manufacturing to energy production, AI is already moving to the core of industrial operations. As it does so, the pressure is mounting to meet its significant power demands. For decades, geopolitics … Read more
After three years of acquiring a German Company, Borosil Renewables Ltd (BRL) has decided to give up and has gone ahead and filed for insolvency of the German Company. German operations have been a significant overhang on BRL’s overall financials since its acquisition. BRL’s management attributes the German failure to local macros; flooding by cheap … Read more
The National Financial Reporting Authority (NFRA) has launched a preliminary inquiry into the books of Gensol Engineering following fraud allegations, according to Ravneet Kaur, the head of the audit regulator. The move follows a reference by the Securities and Exchange Board of India (Sebi), said Kaur, who also helms the competition regulator. She was speaking … Read more
CARE has got feedback from Gensol’s lenders that there have been delays in the servicing of term loan obligation and hence the downgrade from BB+ to D. Company had an outstanding debt of Rs 1,150 cr as at December 31, 2024. It had negative operating cash flows during FY 24. During the current year, the … Read more