Power Grid to invest in national high power testing lab

26 Apr 2024 CW Team

The State-owned Power Grid Corporation announced that it had signed an agreement to inject funds and acquire a 50 percent stake in the troubled National High Power Test Laboratory (NHPTL). It was disclosed in a regulatory filing that a supplementary joint venture agreement regarding this matter had been signed on April 23, 2024, by NHPTL's shareholders.

NHPTL, collaboration among NTPC, NHPC, POWERGRID, DVC (Damodar Valley Corporation), and CPRI (Central Power Research Institute), has been grappling with financial difficulties.

The injection of funds is contingent upon the approval of the management of the joint venture parties, namely NTPC, NHPC, DVC, and CPRI.

The filing also mentioned that during a meeting convened on September 15, 2022, a revival plan was formulated in collaboration with the Ministry of Power. The plan aimed to address NHPTL's financial crisis and ensure the long-term viability of the country's crucial high-voltage transformer testing facility.

As part of the revival plan, there will be equity transactions among the shareholders. Consequently, POWERGRID's equity holding in NHPTL will increase to 50 percent, while the remaining 50 percent will be equally divided among the other four joint venture partners, with each holding 12.5 percent.

Infrastructure Transport

19 Sep 2025

Indian Railways Holds 1,799 Seminars on Pension Switch

Indian Railways has conducted 1,799 seminars nationwide to educate employees on a one-time switch from the National Pension System (NPS) to the Unified Pension System (UPS). Among the zones, Southern Railway led with 768 seminars, followed by South Eastern Railway (135), South Western Railway (99), South East Central Railway (91), North Western Railway (90), Northern Railway (88), and North Central Railway (80). Other zones also contributed, including Northeast Frontier Railway (70), South Central Railway (69), West Central Railway (72), Central Railway (40), Eastern Railway (40), and Western ..

Veefin Expands API Ecosystem With 15+ Fintech Partnerships

Veefin Group, through its subsidiary, has announced partnerships with over 15 leading fintechs and enterprises to provide next-generation digital lending and API infrastructure solutions. Notable collaborators include SimplyFI, Equence, and WhatsLoan, each contributing specialised expertise to drive innovation in lending, compliance, and fraud management, setting new standards for scalability in a digital-first economy.These alliances reinforce Veefin Group’s vision of creating the world’s largest working capital technology ecosystem, empowering financial institutions, enterprises, and con..

KPI Green Energy Lists India’s First Credit-Enhanced Green Bond

KPI Green Energy Limited, a leading renewable energy developer and operator based in Gujarat, has successfully listed its inaugural green bond worth Rs 6.7 billion on the National Stock Exchange of India. This landmark issuance represents a major advancement for sustainable finance in the Indian renewables sector.The five-year bond carries an annual coupon of 8.50 per cent with a quarterly amortisation schedule and benefits from a 65 per cent partial guarantee provided by GuarantCo, part of the Private Infrastructure Development Group funded by the governments of the UK, Switzerland, Australia..