Author: PPD Team Date: October 29, 2024
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.
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.
Author: PPD Team Date: December 19, 2024 Gensol Engineering Limited has won an EPC contract worth Rs 880 million from a steel products company to develop 22 MW solar photovoltaic (PV) power projects in Punjab. The contract was awarded on December 18, 2024 and is scheduled for completion within six months.
Author: PPD Team Date: May 21, 2025 The Government of Kerala (GoK) has leased 50 acres of land to Kochi Metro Rail Limited (KMRL) for developing a 12 MW solar power project in Kasargod district. The lease term is 30 years, with an annual rent of Rs 3.205 million. The solar project will be set up at Ambalathara village in Hosdurg taluk. Power generated from the facility will be used to meet KMRL’s electricity requirements.
Author: PPD Team Date: October 3, 2025 Indian Renewable Energy Development Agency Limited (IREDA) has reported strong growth in its key business indicators for the half year ended September 30, 2025, based on provisional data. Loan sanctions rose by 86 per cent to Rs 331.48 billion in H1 FY 2025-26, up from Rs 178.60 billion in the same period last year. Loan disbursements increased by 54 per cent to Rs 150.43 billion, compared to Rs…
Author: PPD Team Date: November 7, 2025 The West Bengal State Electricity Distribution Company Limited (WBSEDCL) has invited bids for the supply, installation, operation, and management of electric vehicle (EV) charging and battery-swapping stations across the state. The tender aims to establish 245 stations at key locations, including Kolkata and major national and state highways, under a revenue-sharing model. According to the tender, the government will provide land for the project, while selected bidders will…
Author: PPD Team Date: July 10, 2025 Japan’s Sumitomo Corporation has committed to investing £7.5 billion ($10 billion) in the United Kingdom by 2035. The investment will focus on infrastructure, offshore wind, and hydrogen projects. The agreement was formalised through a memorandum of understanding (MoU) signed with the UK Department for Business and Trade. It includes both future investments and capital already deployed in ongoing ventures. Sumitomo has an established presence in the UK’s energy…
Author: PPD Team Date: November 3, 2025 Adani Green Energy Limited (AGEL) announced that its subsidiaries have signed Investment Agreements with RSWM Limited to develop two captive power projects. The agreements were executed on October 31, 2025. The first agreement involves Adani Renewable Energy Holding Eighteen Limited (AREH18L) and Adani Solar Energy Jodhpur Six Limited (“Generator 1”) with RSWM Limited. The second involves Adani Renewable Energy Holding Four Limited (AREH4L) and Adani Renewable Energy Forty…