RattanIndia Power posted a consolidated net profit of Rs 0.93 billion for the April-June 2024 quarter, primarily driven by higher revenues. This marks a significant turnaround from the Rs 5.49 billion loss reported in the same quarter last year. The company’s total income rose to Rs 10.16 billion in the reporting quarter, up from Rs 9.36 billion a year ago, according to a regulatory filing.
Lectrix EV, the electric mobility arm of SAR Group, has announced a collaboration with Electric One Energy Pvt. Ltd., a leading EV superstore chain. This partnership aims to enhance Lectrix EV’s market reach while providing Electric One Energy with reliable, high-quality electric vehicles. Electric One Energy will make Lectrix EV more accessible to Indian and global consumers seeking affordable, high-quality electric vehicles. The partnership also plans to expand exports to SAARC countries, including Nepal and…
Energy and environment solutions provider Thermax reported an 82% increase in consolidated net profit, reaching Rs 1.09 billion in Q1 FY25, up from Rs 600 million the previous year, driven by higher revenues. Consolidated operating revenue rose by 13% to Rs 21.84 billion from Rs 19.33 billion in the same quarter last fiscal. The order booking for the quarter stood at Rs 25.69 billion, nearly unchanged from Rs 25.67 billion a year ago. The board…
Energy Efficiency Services Ltd (EESL) has signed an agreement with RajCOMP Info Services Ltd (RISL) to promote energy efficiency and enhance public service delivery in Rajasthan. Under this partnership, EESL will offer UJALA products and services through RISL’s e-Mitra portal. This collaboration leverages the extensive e-Mitra network to promote energy-efficient solutions across the state. EESL, under the Ministry of Power (MoP), and RISL, under the Department of Information Technology & Communications (DOIT&C), will facilitate the…
TP Parivart has signed a Power Delivery Agreement (PDA) with Tata Steel for a 70 MW group captive solar power plant in Akola, Maharashtra. The project is expected to generate 154 million units (MUs) of power annually and reduce carbon emissions by 115,000 tonnes. TP Parivart is a subsidiary of Tata Power Renewable Energy (TPREL), itself a subsidiary of Tata Power.
Battery maker Amara Raja Advanced Cell Technologies and electric vehicle manufacturer Ather Energy have signed a Memorandum of Understanding (MoU) to develop and supply Nickel Manganese Cobalt (NMC) and Lithium Iron Phosphate (LFP) Lithium-Ion (Li-ion) cells along with other advanced chemistry cells. These cells will be produced at Amara Raja’s upcoming Gigafactory in Divitipally, Telangana. Amara Raja recently agreed with Gotion-InoBat-Batteries (GIB) to localise global LFP technology for the Indian market. Additionally, the company has…
SJVN Limited has filed a petition for the approval of tariffs to supply 1,500 MW of firm and dispatchable power from renewable energy projects connected to the Inter-State Transmission System (ISTS) with energy storage systems. This Build-Own-Operate (BOO) project includes an option to expand capacity by an additional 1,500 MW. The competitive bidding process ensured transparency and fairness. Designated by the Ministry of New and Renewable Energy (MNRE) as an intermediary procurer, SJVN facilitates the…
Scientists from the Department of Science and Technology (DST) have developed an efficient, durable Zn-air battery for remote sub-zero conditions, ideal for areas like the Himalayas where conventional batteries fail. This device combines an effective cathode catalyst and anti-freeze electrolyte. With rising energy demand, efficient storage systems are crucial. Traditional lithium-ion (Li-ion) batteries have limited energy density due to heavy cathode materials. Metal-air batteries, using metals like lithium, sodium, potassium, magnesium, aluminum, zinc, and iron,…
India has identified 133,410 MW of large hydroelectric potential and 176,280 MW of pumped-storage potential, according to the Central Electricity Authority (CEA). In the past decade, 24 hydroelectric projects, including Pumped Storage Projects (PSPs) with a total capacity of 15,569 MW, have been approved. Currently, 17 hydroelectric projects (11,376 MW) and 38 PSPs (55,330 MW) are under study and investigation for Detailed Project Reports (DPR). The Ministry of Power (MoP) has launched initiatives to harness…
The Government of India and the World Bank have signed a $500 million project to develop safe and green national highway corridors in Rajasthan, Himachal Pradesh, Uttar Pradesh, and Andhra Pradesh. This initiative aims to enhance the Ministry of Road Transport and Highways (MoRTH) capacity in integrating safety and green technologies into highway construction. The Green National Highways Corridors Project will support MoRTH in constructing 783 km of highways using local materials, industrial byproducts, and…
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