Wardwizard Innovations & Mobility Limited (WIML), a leading Indian electric vehicle (EV) manufacturer known for its “Joy e-bike” and “Joy e-rik” brands, has secured a monumental order valued at USD 1.29 billion. This significant deal comes from Beulah International Development Corporation, a prominent full-service business integrator and EPC firm in the Philippines backed by RP …
About the acquisition Pavna Industries Limited, a leading name in India’s automotive parts manufacturing scene, has announced a strategic land acquisition in Pantnagar, Uttarakhand. This move paves the way for a new greenfield plant focused on die-cast component production. The acquisition highlights Pavna’s commitment to growth and its focus on strategically leveraging opportunities within the …
On June 10, 2024, JSW Energy Limited marked a significant advancement in transforming into a comprehensive “Energy Products and Services” company. This move highlights the company’s unwavering commitment to spearheading sustainable energy solutions and contributing to a greener future for India. JSW Energy is at the forefront of developing India’s largest commercial-scale green hydrogen project …
Borosil Renewables, India’s leading solar glass manufacturer, has announced its decision to raise Rs.450 crore through a rights issue. This move is aimed at strengthening the company’s financial standing and supporting its growth initiatives in the renewable energy sector. Details of the Rights Issue The rights issue has been approved by the company’s board, which …
On June 7, 2024, Sun Drops Energia Private Limited, a wholly-owned subsidiary of KPI Green Energy Limited, gave Dr. Faruk G. Patel 10,66,098 shares. This will make up 16.62% of Sun Drops’ total shares. However, this decision must be approved by Sun Drops’ members and some other authorities before it happens. After the private placement, …
Inox Wind Limited announced the creation of four new wholly-owned subsidiaries: Junachay Wind Energy Private Limited, Dharvi Kalan Wind Energy Private Limited, Dangri Wind Energy Private Limited, and Kadodiya Wind Energy Private Limited. Each entity has an authorised and paid-up capital of ₹1,00,000. None of these subsidiaries has commenced business operations, and thus, their turnover …
On June 9, 2024, Suprajit Group announced that it is set to acquire Stahlschmidt Cable Systems (SCS), a German company, out of insolvency proceedings. This acquisition aims to bolster Suprajit’s presence in the European market and expand its product offerings in the automotive and industrial cable systems sector. Suprajit’s acquisition of SCS includes purchasing assets …
Atul Ltd announced that Atul Village, situated in the Valsad district of Gujarat and developed by the company, has been awarded the esteemed Platinum Green Village certification by the Indian Green Building Council (IGBC), a division of the Confederation of Indian Industry. The IGBC assesses villages using multiple sustainability criteria to promote environmentally friendly practices …
Adani Green Energy recently announced that it is set to make a substantial investment in Sri Lanka’s renewable energy infrastructure. The company plans to invest over $1 billion (approximately Rs 8,348 crore) in wind power projects, reinforcing its commitment to expanding its green energy portfolio and supporting Sri Lanka’s energy transition. Project Details Adani Green …
On June 8th, 2024, Mr. Marc Desaedeleer, independent director at Suzlon Energy Limited, submitted his resignation to the Chairman and Board of Directors of the Company. In his letter, he gave his pleasantries to the operational and financial performance of the company for the past 18 months. However, he states that during the same time …
