Centre Moves to List Solar Energy Corporation of India

18 Nov 2025 CW Team

The Centre is preparing to list the Solar Energy Corporation of India (SECI), marking a major step towards bringing India’s renewable energy nodal agency to the public markets. The move comes as SECI expands its portfolio of solar, wind, hybrid and storage-linked projects and strengthens its financial performance.

The government is finalising the framework for SECI’s public issue, including timelines and valuation considerations. The proposed listing is expected to improve transparency, attract wider investor participation, and support India’s broader clean energy ambitions.

SECI, under the Ministry of New and Renewable Energy, plays a central role in implementing large-scale renewable tenders, managing power purchase agreements, and enabling green energy procurement. A potential IPO is likely to help the corporation scale further as demand for renewable capacity rises across regions and sectors.

Infrastructure Urban

18 Nov 2025

PTC Expands Mehsana Plant To Boost Precision Manufacturing

PTC Industries Limited, a leading producer of high-precision castings and advanced materials for critical applications, has commenced a significant expansion of its investment-casting facility in Mehsana, Gujarat. With global supply chains undergoing a strategic realignment, industries are increasingly shifting production to resilient and trusted destinations. India is emerging as a major hub for precision manufacturing, creating substantial opportunities for industrial casting exports. In response, PTC is scaling and modernising its Mehsana site to capture rising global demand. The expansio..

Apollo Completes Acquisition Of IDL Explosives

Apollo Defence Industries Private Limited, a subsidiary of Apollo Micro Systems Limited, has confirmed the successful completion of its full acquisition of IDL Explosives Limited from GOCL Corporation Limited. With this transaction now concluded, IDL Explosives becomes a step-down subsidiary of Apollo Micro Systems. IDL Explosives operates manufacturing facilities in Rourkela and several other locations across India. Apollo Group plans to expand and strengthen the company’s operations in line with its strategic ambitions within the rapidly growing defence explosives sector. The acquisition..

GOCL Completes Sale Of IDL Explosives To Apollo Defence

GOCL Corporation Limited has announced the completion of the sale of its subsidiary, IDL Explosives Limited, to Apollo Defence Industries, marking the conclusion of the divestment process approved by shareholders earlier this year. IDL Explosives operates manufacturing units in Rourkela and several other locations nationwide. Apollo Defence plans to expand and reinforce the business in line with its strategic objectives within the rapidly growing defence sector. With this divestment, GOCL and the Hinduja Group complete their strategic exit from the explosives and detonators portfolio. Last y..