Day: August 3, 2024

Shakti Pumps (India) Ltd announced it has received a Letter of Intent (LoI) from the Department of Agriculture, Uttar Pradesh, for the supply, installation, and commissioning of 12,537 solar water pumps across the state. The contract, valued at approximately Rs 5.58 billion, was awarded under Component-B of the PM-KUSUM scheme (Phase-III). The project is to be completed within 120 days from the issuance of the letters of proceed. Under Component-B of the PM-KUSUM Scheme, individual…

HPL Electric & Power Ltd announced that its outstanding order book as of July 30, 2024, stands at over Rs. 37 billion. This substantial order book indicates a strong pipeline, ensuring sustained revenue generation and growth opportunities for the company. The company has bolstered its leadership in the smart metering sector, reporting a 35.67% year-on-year increase in revenue from its Metering, Systems & Services segment. This growth is attributed to a steady flow of orders…

Power Grid Corporation of India Ltd (PGCIL) has increased its FY25 capital expenditure (capex) target to Rs 180 billion, up from the previous Rs 150 billion, marking the highest capex since FY20. In the first quarter of FY25, PGCIL achieved a capex of Rs. 4.62 billion and capitalized Rs 2.32 billion, with Rs 1.35 billion from Regulated Tariff Mechanism (RTM) projects and Rs. 972 crore from Tariff Based Competitive Bidding (TBCB) projects. During this period,…

Bharat Heavy Electricals Ltd (BHEL) has reported an order inflow of nearly Rs. 9,500 crore in the first quarter of FY25 (April to June 2024), with a significant focus on power sector-related mandates. In an investor presentation, BHEL detailed that it received orders worth Rs. 94.88 billion during Q1FY25. The domestic power sector accounted for Rs. 85 billion, or nearly 90% of the total orders. The remaining Rs 9.88 billion came from the industry sector…