News of Energy in Gujarat

PTC India Financial joins Indo-US initiative to mobilize debt financing, for solar projects

NEW DELHI | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – PFS joins the US-India Clean Energy Finance initiative to mobilize debt financing for distributed solar energy in India. PTC India Financial services (PFS), India’s leading infrastructure finance company, joined hands with the US-India Clean Energy Finance (USICEF) initiative on Thursday, April 4, 2019. USICEF is managed

Adani Power gets Letter of Intent from NCLT Ahmedabad, for porposed acquisition plan of Chhattisgarh based Korba West Power Co

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory update statement, Ahmedabad headquartered diversified business activities group company – Adani Power Ltd said of the Company been awarded the Letter of Intent (“LOI”) for M/s. Korba West Power Company Limited (“KWPCL”). The Committee of Creditors of KWPCL, a company undergoing insolvency resolution process under the Insolvency

Indain Gas Regulator – PNGRB awarded City Gas Distribution bids in 50 Geographical Areas, to 12 successful bidders

NEW DELHI | RAJKOT – PNGRB (Petroleum and Natural Gas Regulatory Board) launched 10th CGD Bidding Round on 06th November 2018, for development of City Gas Distribution (CGD) networks for the 50 Geographical  Areas (GAs) which includes 124 districts (112 complete and 12 part), spread over 14 States and Union Territories (UTs) in India. The regulator

Adani Gas bags City Gas Distribution in areas of MP, UP and Chhattigarh

NEW DELHI | AHMEDABAD | MUMBAI | RAJKOT – In a regulatory filing submitted with the Indian Bourses, Ahmedabad headquartered Gas distribution company Adani Gas Ltd said of having Grant of Authorization for development of City Gas Distribution Network under 10th CGD Bidding Rounds in several areas of Madhya Pradesh, Uttar Pradesh and Chhattisgarh. The

Vaidhyanathan Raghuraman steps down as Director from Suzlon Energy’s Board

PUNE | AHMEDABAD | MUMBAI | RAJKOT – In a regulatory filing submitted to the Indian Bourses, Indian wind energy major Suzlon Energy Ltd said of Mr. Vaidhyanathan Raghuraman, Independent Director of the Company has voluntarily resigned from the directorship of the Company in terms of Regulation 17(1A) of the Listing Regulations with effect from 31st 

RIL picks 13% stake in US (Delaware) based tech firm SkyTran

MUMBAI | RAJKOT – In a regulatory filing submitted to the exchanges in India on Wednesday, Reliance Industries Ltd said of its subsidiary company having picked 13% stake in US (Delaware) based personal transportation technology firm SkyTran Inc., paying USD($) 25 million. RIL’s investments aims to foster an exclusive partnership with SkyTran in India. Reliance

Adani hand-shakes with French Energy Major Total, to sell fuel & gas in India

PARIS | NEW DELHI | AHMEDABAD | MUMBAI | RAJKOT – Keeping in view the road infra growth story and the rising middle class consumer in India, French energy major Total S.A. inked pact with Indian conglomerate Adani Group to enter the energy market in India. Both companies aim to develop multi-energy offerings to the

Torrent Power wins bid for 115 MW Wind Power Project

AHMEDABAD | MUMBAI | RAJKOT – In an corporate update filed with the Indian Bourses on Wednesday, Torrent Power Ltd said of having won bid for 115 MW wind project, in e-reverse auction process conducted by Solar Energy Corporation of India (SECI) Ltd, on September 25, 2018. The company had bid tariff for proposed capacity

Suzlon Energy & CLP India, partner for two solar projects, in Maharashtra

PUNE | MUMBAI | RAJKOT – After wind the Tulsi Tanti led Suzlon Energy goes aggressive on investments in Solar Renewable Energy, in a regulatory filing along with press communications submitted to the Exchanges in India on Tuesday, Suzlon Energy Ltd said of having entered into partnership with CLP India for two solar projects in

Reliance Infra’s Credit Profile improves, CRISIL withdraws ‘D’ ratings for 710 cr NCDs

MUMBAI | RAJKOT – Anil Dhirubhai Ambani Group led Reliance Infrastructure Ltd’s credit profile is reported to have improving, as the rating agency CRISIL has withdrawn ‘D’ ratings assigned to the company’s 7.1 billion rupee Non-Convertible Debentures, the company press release submitted to the exchanges in India said. Crisil has withdrawn its ‘D’ ratings for

World’s first solar quality project certification goes to Suzlon!

PUNE | MUMBAI | RAJKOT – World’s first solar quality project certification for photovoltaic power plants has been announced and the Suzlon Energy Ltd’s Veltoor Solar Project in Telangana has been awarded this certification by DNV GL, one of the global quality assurance and risk management companies, the company today said in a press statement

Adani Green acquires stake in Singapore, US, Vietnamese renewable energy arms

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory filing submitted to the exchanges in India on Tuesday – August 21, 2018 Adani Green Energy Ltd said of having acquired 100% equity of Adani Green Energy Pte Ltd., from Adani Global Pte Ltd, for cash consideration of each share priced at USD $1 per share.

Adani Power Shareholder give nod to raise upto 50 billion rupees

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory filing submitted to the exchanges in India, Adani Power Ltd said of the Company Board having got nod to raise upto 50 billion (~5,000 crore) rupees as and when required from the shareholders. In the 22nd Annual General Meeting of the members of Adani Power Limited held

Adani Ports inks long term regasification pact with GAIL (India) Ltd. for Dhamra LNG terminal

AHMEDABAD | MUMBAI | RAJKOT – Adani Ports and Special Economic Zone (APSEZ) Ltd – India’s leading port infrastructure developer and part of the Adani Group, today said it had signed a long term agreement with GAIL (India) Ltd, the state run gas company, to provide Liquefied Natural Gas (LNG) regasification services on a use or pay basis, at


MOTI KHAVDI | KANALUS | JAMNAGAR | JAM-KHAMBHALIA | AHMEDABAD | RAJKOT – In a severely hit rains across Gujarat in last 48 hours, especially on the coastal belt of Gujarat State on West Coast of India, the Shower Gods did not even spare the JAMNAGAR Asset of Reliance Industries Ltd. DATELINE GUJARAT presents images

Adani Green Energy bags 2 new contracts for total generation of 300MWac Solar Power

AHMEDABAD | MUMBAI | RAJKOT – Adani Green Energy Ltd (AGEL), through its wholly owned subsidiary, Mahoba Solar (UP) Private Limited has won tenders for setting up 300 MWac solar generation projects, the company said in regulatory filing submitted to exchanges in India. In the tender floated by Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA), it