Gensol Engineering Limited has reported a net profit of Rs 228.9 million for the quarter ending September 2024, marking a 28.96% increase from Rs 177.5 million in the same quarter last year.Â
The company’s total income rose by 13.76% to Rs 3,468.2 million, up from Rs 3,048.7 million in the corresponding period of the previous year, reflecting steady growth in its financial performance.
NTPC Green Energy Limited (NGEL), a wholly owned subsidiary of NTPC, received an overall subscription of 2.4 times for its initial public offering (IPO) on the final day of bidding. The IPO offered 593 million equity shares at a price band of Rs 102-108 and received bids for 1.43 billion shares, based on stock exchange…
The World Bank has approved a $146 million grant through the International Development Association (IDA) to restore Syria’s damaged power infrastructure. The Syria Electricity Emergency Project (SEEP) aims to repair high-voltage lines and substations, with a focus on war-affected regions and key 400kV interconnections with Jordan and Türkiye. Most parts of Syria currently receive just…
Italy plans to finalise a strategy for the reintroduction of nuclear power by the end of 2027, as reported by Reuters. Energy Minister Gilberto Pichetto Fratin revealed the plan in an interview with Il Sole 24 Ore. The current government, under Prime Minister Giorgia Meloni, is considering small modular reactors (SMRs) and advanced modular reactors…
Waaree Energies has responded to reports on the possible collapse of its planned acquisition of Enel Green Power India, stating that the agreement remains under discussion. In a filing dated 19 August 2025, the company said it had signed a Share Purchase Agreement on 10 January 2025 with Enel Green Power Development S.r.l for the…
Tata Power Central Odisha Distribution Limited (TPCODL) and Tata Power Western Odisha Distribution Limited (TPWODL) have signed an agreement with Grid Corporation of Odisha (GRIDCO) and Suryam International Private Limited to develop 21.46 MW of solar power projects in Odisha. These projects will be installed near pooling substations (PSS) under component C of the Pradhan…
The New and Renewable Energy (MNRE) Minister Pralhad Joshi has launched a call for proposals for pilot projects that aim to produce green hydrogen from biomass and waste materials. The government has set aside Rs 1 billion for these projects, in addition to Rs 1 billion already assigned to start-up initiatives under the National Green…