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ACME Solar sees growth in Q3 FY 2024-25; JSW Energy and Coal India report declines

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ACME Solar has reported strong financial growth for the third quarter of FY 2024-25, ending on December 31, 2024. The company’s profit after tax (PAT) surged by 152% year-on-year, reaching Rs 1.12 billion, with a PAT margin of 28%.  Total revenue for the quarter stood at Rs 4.01 billion, reflecting a 9.9% year-on-year increase and a 35.8% quarter-on-quarter growth. Earnings before interest, tax, depreciation, and amortisation (EBITDA) grew by 15.7%, reaching Rs 3.59 billion, with…

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MNRE notifies revised Solar Systems Goods Order, 2025

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The Union Ministry of New and Renewable Energy (MNRE) has notified the Solar Systems, Devices, and Components Goods Order, 2025, revising and superseding the Solar Photovoltaics, Systems, Devices, and Components Goods (Requirements for Compulsory Registration) Order, 2017.  The new order, published in the Gazette of India on January 27, 2025, under the Bureau of Indian Standards (BIS) Act, 2016, will come into effect 180 days from the publication date. It covers Solar PV modules, inverters,…

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WAPCOS secures contracts for two pumped storage projects in Maharashtra

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WAPCOS Limited has been awarded two contracts for preparing detailed project reports (DPRs) for pumped storage projects in Maharashtra.  The first contract, valued at Rs 156.87 million, is for the 800 MW Amba Pumped Storage Project (PSP), located across Pune and Raigad districts.  The project, comprising four units of 200 MW each, was put out to bid by NTPC Limited in September 2024, with an expected completion timeline of 18 months. In addition, WAPCOS has…

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Four firms shortlisted for transmission scheme of Ratle and Kiru HEP evacuation

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  Four firms have been shortlisted as technically qualified for the Transmission scheme for evacuation of power from Ratle HEP (850 MW) & Kiru HEP (624 MW): Part-A: Power Grid Corporation of India Limited (PGCIL), Resonia Limited (erstwhile Sterlite Grid 32 Limited), Adani Energy Solutions Limited (AESL), and IndiGrid 2 Private Limited.  REC Power Distribution Company Limited (REC PDCL) invited Request for Proposal (RFP) bids for the same in September 2024. REC PDCL has been…

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NTPC and APGENCO make progress on thermal power project expansions

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NTPC Limited has announced plans to expand the Lara Super Critical Thermal Power Project with a Stage III development, estimated at Rs 155 billion.  Stage I, with a capacity of 1,600 MW, is operational, and Stage II, with the same capacity, is under development in Raigarh district, Chhattisgarh. In another major development, Andhra Pradesh Power Generation Corporation Limited (APGENCO) is preparing to submit the detailed project report (DPR) for the 3,200 MW Srikakulam Super Critical…

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NTPC partners with Energy Dome of Italy for CO2 battery energy storage project

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NTPC Ltd. has announced plans to establish a CO2 battery energy storage project in collaboration with Triveni Turbine Ltd. and Energy Dome, Italy. NETRA, NTPC’s R&D wing, will manage the project. The 160 MWHr CO2 battery will be installed at NTPC’s Kudgi station in Karnataka. This initiative is part of NTPC’s strategy to diversify its energy portfolio and increase renewable power generation. It also aligns with the Government of India’s ‘Make in India’ and ‘Atmanirbhar…