Author: PPD Team Date: October 25, 2024
Adani Energy Solutions Limited (AESL) has reported a net profit of Rs 7.73 billion for the quarter ending September 2024, marking a 172.18% increase compared to Rs 2.84 billion in the same quarter last year.
The company’s total income also rose by 68.88%, reaching Rs 63.6 billion, up from Rs 37.66 billion during the corresponding period of the previous year.
Author: PPD Team Date: July 7, 2025 Coal India Limited (CIL) has signed a non-binding memorandum of understanding with Hindustan Copper Limited (HCL) to explore joint opportunities in copper and critical minerals. The move marks CIL’s growing push beyond coal, aligning with India’s National Critical Mineral Mission (NCMM). CIL is targeting minerals used in batteries, electric vehicles, and clean energy technologies. The company’s international strategy supports this shift. India joined the Minerals Security Partnership (MSP)…
Author: PPD Team Date: February 5, 2025 Indus Towers Limited (ITL) has signed an agreement with Amplus Energy Solutions Private Limited to set up a 50 MW captive solar photovoltaic (PV) power project in India. As part of the agreement, ITL will invest Rs 270 million to acquire a 26 per cent equity stake in Amplus Tungabhadra Private Limited, the special purpose vehicle (SPV) for the project. The project is expected to be completed by…
Author: PPD Team Date: November 14, 2024 Renewable energy developer rPlus Energies has finalized a long-term power purchase agreement (PPA) with Idaho Power for its 125 MW Pleasant Valley Solar 2 facility in Ada County, Idaho. This project follows the 200 MW Pleasant Valley Solar 1, also under construction, making Pleasant Valley Solar the largest contracted solar facility within the Idaho Power system. Both projects will supply renewable energy to support Meta’s 100% clean energy…
Author: PPD Team Date: April 8, 2025 VSL Renewable Services has secured a three-year operation and maintenance contract for Andhra Pradesh Generation Company Limited’s (APGENCO) 527 MWp solar power plant in Tadipatri, Andhra Pradesh. The contract is designed to improve plant performance and ensure stable energy output. VSL will handle daily monitoring, predictive maintenance, and scheduling tasks to match electricity generation with grid needs. The deal includes a generation-linked guarantee, which ties payments to the…
Author: PPD Team Date: February 21, 2025 Japan’s government has approved new climate, energy, and industrial policies aimed at reducing greenhouse gas (GHG) emissions by 2040, Reuters reported. The strategy focuses on decarbonisation, energy security, and industrial growth, forming part of Japan’s long-term plan to ensure business policy stability. Japan has set a target to reduce GHG emissions by 46% from 2013 levels by 2030, 60% by 2035, and 73% by 2040. The updated targets,…
Author: PPD Team Date: January 6, 2025 The Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME-India) Scheme, launched to promote electric mobility, has spent Rs 88.44 billion as of October 31, 2024. This includes Rs 65.77 billion in subsidies, Rs 22.44 billion for capital assets, and Rs 230 million for other expenses. Under FAME-II, launched in 2019 with an outlay of Rs 115 billion, 1.6 million electric vehicles (EVs) have been…