Thermax Infuses Rs 1.15 Bn into Renewable Energy Arm for Expansion

12 Sep 2025 CW Team

Thermax has invested Rs 1.15 billion in its wholly-owned subsidiary, First Energy (FEPL), to support further investment in its step-down subsidiary, First Energy 10 (FE10). The allotment of equity shares in both companies was completed on the same day.

The capital infusion will aid new renewable energy projects to be executed by FE10. The transaction, completed in cash consideration, involved Thermax acquiring 110.5 million equity shares of Rs 10 each in FEPL, which in turn invested the same amount in FE10. The company clarified there is no change in shareholding or control.

FEPL, incorporated in 2008, provides renewable energy solutions including solar, wind, hybrid, and storage for the commercial and industrial sectors. It reported a turnover of Rs 4,911.27 lakh in FY25, up from Rs 1,551.30 lakh in FY23. FE10, incorporated in March 2024, serves as a special purpose vehicle for upcoming renewable projects.

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..