Adani Energy Solutions Limited (AESL) has announced the incorporation of a new wholly-owned subsidiary, Adani Energy Solutions Step-Fourteen Limited, as part of its strategy to expand operations in India’s power sector. Subsidiary Details The newly incorporated company has an authorised and paid-up share capital of ₹1 lakh, with…
Inox Green Energy Services Ltd has strengthened its position in the renewable energy services market by securing operation and maintenance (O&M) contracts for 189.1 MWp of solar projects across India. Details of New Agreements The latest contracts include: 96.6 MWp with a global PE-backed independent power producer (IPP)…
Oil India Limited (NSE: OIL), a Maharatna PSU, has recommended a final dividend of ₹1.50 per share (15% of paid-up equity capital) for the financial year 2024–25. The proposal is subject to shareholder approval at the company’s Annual General Meeting (AGM) scheduled on September 18, 2025. Dividend Record…
Indraprastha Gas Limited (NSE: IGL), a joint venture of GAIL, BPCL, and the Government of NCT Delhi, has entered into a joint venture with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) to set up a solar power project in Rajasthan. The formal agreement was signed on September 1,…
NTPC Limited (NSE: NTPC), India’s largest power generation company, has announced that September 4, 2025, will serve as the record date for its final dividend for FY25. The company’s Board of Directors has recommended a dividend of ₹3.35 per equity share (face value ₹10 each), subject to shareholder…
According to a Bloomberg report, Indian refiners are now buying Russian Urals crude at deeper discounts of $3–$4 per barrel to Brent for cargoes loading in late September and October. The discounts have widened from about $2.50 last week and $1 in July, making Russian oil increasingly attractive…
New Delhi, Sept 2025 – The Competition Commission of India (CCI) has given its approval to Sumitomo Mitsui Banking Corporation (SMBC) for increasing its equity stake and voting rights in Yes Bank Ltd to nearly 25%, marking a significant development in the Japanese lender’s India strategy. RBI’s Prior…
Adani Power Limited has received approval from the Ministry of Coal to commence mining operations at its Dhirauli coal block in Madhya Pradesh. This marks the company’s first captive coal mine to be cleared for operations. Resource Potential and Timeline According to geological studies, the Dhirauli block has…
New Delhi, Sept 2025 – Renewable energy company ACME Solar Holdings has announced plans to raise up to ₹3,000 crore through the issuance of securities, subject to shareholder approval at its upcoming Annual General Meeting (AGM) on September 29, 2025. Fundraising Proposal In its AGM notice, the company…
Firstsource Solutions Recognized as Horizon 3 Market Leader Firstsource Solutions has been named a Horizon 3 Market Leader in HFS Research’s HFS Horizons, marking recognition for its strong positioning in the outsourcing and digital solutions space. Adani Power Gets Nod for Dhirauli Mine Operations Adani Power has received…
