In Short : REC Limited has formed a subsidiary, RECPDCL, to develop renewable power transmission infrastructure in Madhya Pradesh. The subsidiary will support the state’s renewable energy targets, aiming for 20% of electricity from renewables by FY 2024 and 50% by FY 2030. This initiative aligns with India’s renewable energy goals and strengthens clean energy […]
Tata Power arm TPIPL acquires 10% equity in ABV; total stake rises to 50%
The 10 per cent stake acquisition has increased TPIPL’s shareholding in ABV to 50 per cent. NEW DELHI: Tata Power on Wednesday said its arm Tata Power International Pte Ltd (TPIPL) has acquired 10 per cent stake in Adjaristsqali Netherlands BV (ABV) from the International Finance Corporation (IFC) for USD 150,000 (about Rs 1.13 crore). […]
