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Seftech, Suryam win contracts for solar projects in Maharashtra

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Seftech India Private Limited and Suryam International Private Limited have secured Letters of Award (LoAs) for developing 28 MW solar power projects in Chandrapur and Majri areas of Western Coalfields Limited (WCL), Maharashtra.  Central Mine Planning and Design Institute (CMPDI), a subsidiary of Coal India Limited (CIL), invited bids in June 2024.   Seftech India received an LoA worth Rs 255.25 million for a 5 MW solar project on 12 hectares near Durgapur OC check post…

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Torrent Power commissions 300 MW solar project in Gujarat

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Torrent Saurya Urja 2 Private Limited, a wholly owned subsidiary of Torrent Power Limited (TPL), has commissioned a 300 MW grid-connected solar power project in Gujarat. TPL won bids in April 2021 for a 150 MW base capacity and an additional 150 MW under the greenshoe option at a tariff of Rs 2.22 per kWh. The bids were invited by Torrent Power Limited – Distribution (TPL-D) in December 2020 for 300 MW, with an option…

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Waaree Energies reports strong Q3 FY 2024-25 results

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Waaree Energies Limited has reported a remarkable performance for Q3 FY 2024-25, with total income rising by 114.63% to Rs 35,452.65 million.  The earnings before interest, tax, depreciation, and amortisation (EBITDA) surged by 256.97% to Rs 8,097.05 million, while profit after tax (PAT) increased by 259.98% to Rs 5,068.76 million.  The EBITDA margin expanded to 22.84%, up from 13.73%, and the PAT margin improved to 14.30% from 8.52% in Q3 FY 2023-24. For the first…