FY24 procurement target through GeM likely to set trillion

Runwal Developers Files Rs 20 Billion IPO To Cut Debt

Runwal Developers, the Sandeep Runwal-promoted real estate firm, has filed preliminary papers with the Securities and Exchange Board of India (SEBI) to launch an initial public offering (IPO) worth Rs 20 billion, aimed at reducing its debt burden and funding growth plans.The Mumbai-based developer intends to raise Rs 17 billion through the issue of fresh shares, while promoter Sandeep Subhash Runwal will offload shares worth Rs 3 billion via an offer-for-sale (OFS).As part of the fresh issue component, the company may also consider raising up to Rs 3.4 billion in a pre-IPO placement ahead of t..

Tata Power To Build Rs 12 Billion FDRE Project In Mumbai

Tata Power Renewable Energy Limited (TPREL) has signed a Power Purchase Agreement (PPA) with Tata Power Mumbai Distribution to develop an 80 megawatt (MW) Firm and Dispatchable Renewable Energy (FDRE) project at a capital investment of Rs 12 billion.An FDRE project combines advanced solar, wind, and battery storage systems to ensure reliable power delivery during peak demand hours, thereby enhancing grid stability and supporting Mumbai’s growing energy needs.According to an exchange filing by Tata Power, the parent company of TPREL, the project execution period is 24 months. The company esti..

Adani Green Adds 113 MW At Khavda, Capacity Hits 16.6 GW

Adani Green Energy Limited (AGEL) announced that it has operationalised 112.5 megawatts (MW) of renewable power projects at Khavda in Gujarat, raising its total generation capacity to 16,598.6 MW.The company said in an exchange filing that its step-down subsidiary, Adani Renewable Energy Fifty Six Limited, has commissioned a solar project of 87.5 MW, while Adani Green Energy Twenty Five B Limited has operationalised a 25 MW hybrid project at the same site.Following the required regulatory clearances, the company began power generation on 30 September 2025.With these additions, AGEL’s total o..