JSW Energy announced on Friday that its two arms had inked agreements to supply 1,200 MW of power to the Maharashtra State Electricity Distribution Company. The agreements were made for two hybrid projects, each with a capacity of 600 MW, for a total of 1,200 MW. JSW Energy said that letters of award for these projects were obtained on August 29, 2024 and September 10, 2024, respectively.
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AI firm Simplismart has raised $7 million in Series A funding led by venture capital Accel. Shastra VC, Titan Capital and angels including Notion co-founder Akshay Kothari also participated in the round, the firm said on October 18. Co-founded in 2022 by Amritanshu Jain and Devansh Ghatak, Simplismart has outperformed public benchmarks by building the world’s fastest inference engine.
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Waaree Energies initial public offer (IPO), aimed at raising up to Rs 4,321 crore, is all set to hit the primary market on October 21 and the current grey market premium trends indicate the market's positive outlook on the company's potential growth and value appreciation as investors are willing to pay a significant premium over the IPO's issue price to secure a stake.
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