Meghalaya invites bids for off-grid rooftop solar projects

TPG, Mavco Seek CCI Nod for Siemens Wind Biz Deal
A consortium led by US private equity firm TPG, Mavco Investments, and former JSW Energy CEO Prashant Jain has filed for approval with the Competition Commission of India (CCI) to acquire the onshore wind business of Siemens Gamesa Renewable Power.The acquisition will be carried out through TPG鈥檚 affiliates鈥擯eony Properties Pvt Ltd and TPG REGen SG Pte鈥攁longside Mavco Investments, a Murugappa family-owned firm.According to the notice submitted to the CCI on 15 May, the deal covers Siemens Gamesa鈥檚 business operations related to the manufacturing and assembly of onshore wind turbine gen..

Petronet LNG Q4 Profit Jumps to Rs 10.7 Bn
Petronet LNG reported a 45 per cent year-on-year rise in standalone net profit for the fourth quarter of financial year 2024鈥�25 (Q4 FY25), reaching Rs 10.7 billion, compared to Rs 7.37 billion in the same period last year.Sequentially, profit rose by 23.4 per cent, driven largely by the reversal of an impairment charge amounting to Rs 2.34 billion during the quarter.However, revenue from operations fell to Rs 123.15 billion, down from Rs 137.93 billion in Q4 FY24.The company鈥檚 board has recommended a final dividend of Rs 3 per share.In terms of operations, Petronet鈥檚 Dahej terminal proce..

Steel Ministry Plans Mining Vertical at SAIL
The Ministry of Steel is considering the creation of a dedicated mining vertical within Steel Authority of India Ltd (SAIL) to enhance iron ore production, a senior government official has confirmed.The proposal, currently under discussion at the ministerial level, aims to streamline and strengthen SAIL鈥檚 mining operations in support of its long-term expansion strategy. SAIL, one of India鈥檚 largest integrated steel producers, holds several captive iron ore blocks across the country.鈥淭he Ministry is in talks with the company. The structure of the proposed vertical is being worked out and ..