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Waaree Energies on Monday said that it has got shareholders' approval to raise up to Rs 10,000 crore through the issuance of equity shares on a Qualified Institutions Placement basis. On April 29, the board of the company approved raising of up to Rs 10,000 crore through the issuance of equity shares, non-convertible debentures, along with warrants, any other eligible securities convertible into equity shares of the company, or any combination (collectively, securities) on Qualified Institutional Placement. According to a regulatory filing, the company got shareholders' approval to raise capital through a qualified institutions placement. The shareholders also approved the appointment of Jignesh Devchandbhai Rathod as a Whole-Time Director & CEO of the company. "...the resolutions as proposed in the postal ballot notice dated May 14, 2026, have been passed by the shareholders by remote e-voting process with requisite majority, on Saturday, June 13, 2026 (last date of remote ...
Oil India Ltd (OIL) and Canada's Petroleum Technology Research Centre (PTRC) have signed a collaboration framework to jointly explore carbon capture, geothermal energy and other clean energy technologies, the companies said. The agreement aims to deepen energy cooperation between India and Canada as both countries pursue energy transition and sustainability goals. The framework was signed on June 10 in Calgary between PTRC, a Saskatchewan-based not-for-profit energy research organisation, and OIL, a Maharatna public sector enterprise under India's Ministry of Petroleum and Natural Gas, the Indian firm said in a statement. The collaboration will focus on carbon capture, utilisation and storage (CCUS), geothermal energy, subsurface energy technologies, and innovation-led research, including engagement with mc2+, India's startup platform backed by the petroleum ministry. Areas of cooperation include utilisation and permanent storage of captured carbon dioxide through geological ...
Ladakh is set to take a significant step towards clean energy generation with Lt Governor Vinai Kumar Saxena approving the setting up of India's first geothermal power project by the Oil and Natural Gas Corporation at Puga valley in Ladakh, at an altitude of over 14,000 feet. LG approved a five-year extension of the memorandum of understanding (MoU) with the Oil and Natural Gas Corporation for the construction of the country's first geothermal power project, officials said. The project, to be developed at an altitude of over 14,000 feet in eastern Ladakh, aims to commercially harness geothermal energy as a sustainable alternative source of power, they said. The earlier tripartite MoU signed on February 6, 2021, between the Ladakh administration, the Ladakh Autonomous Hill Development Council (LAHDC), Leh, and the ONGC energy centre expired on February 5, 2026. ONGC had sought an extension, citing delays caused by harsh weather conditions and difficult terrain, they said. Consideri
Tata Power on Monday said it has inked an initial pact with Druk Green Power Corporation (DGPC) to build a training framework for developing 5,000 MW clean energy capacity in Bhutan. Training programmes will be delivered through Tata Power Skill Development Institute (TPSDI), it said in a statement. "This partnership with DGPC underscores our collective vision of creating a future-ready talent ecosystem for Bhutan's growing clean energy sector," Praveer Sinha, CEO & Managing Director, Tata Power, said. Dasho Chhewang Rinzin, MD, DGPC, said the MoU is a practical step towards strengthening local capabilities required under the ongoing partnership to develop 5,000 MW of clean energy capacity in Bhutan. TPSDI was established to bridge the skill gap in the power sector by delivering industry-relevant, modular training and certification programmes. It operates a robust training network across India, offering hands-on training across the power value chain, including thermal, hydel, and
Ravi Pandit, co-founder and chairman of mobility technology firm KPIT Technologies and a noted industry leader, died here on Friday morning following a brief illness, the company said. He was 75. In a statement, the company said it was "deeply saddened" by the passing of its founder and chairman of the board on May 8. A gold-medallist Chartered Accountant and alumnus of the Sloan School of Management at MIT, USA, Pandit had also chaired Kirtane & Pandit Chartered Accountants (KPCA), a professional services firm, it said. Over a career spanning more than three decades, Pandit played a key role in advancing technology-led mobility solutions and sustainability initiatives in India and abroad, it said. Beyond business, he was associated with several civic, educational and policy institutions. He co-founded organisations such as Pune International Centre and Janwani, supported the Centre for Sustainable Development at the Gokhale Institute of Politics and Economics, and served as ...