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.
Greenzo Energy has introduced the “Un Wheel,” a 100% indigenous 1 MW alkaline electrolyzer stack designed for green hydrogen production. Built by Indian scientists and engineers, the stack is tailored to operate effectively across diverse Indian climates, from -20°C to 60°C, with a 20-year lifespan. It generates hydrogen at 30 bar pressure, removing the need for additional compressors, and features advanced controls for water quality, pressure, and lye temperature to ensure safe and efficient hydrogen…
Premier Energies Ltd, a solar cell and module manufacturer, has set a price band of Rs 427-450 per share for its Rs 28.3 billion initial public offering (IPO). The IPO will open from August 27 to August 29, with bidding for anchor investors starting on August 26. The offering includes a fresh issue of shares worth Rs 12.91 billion and an offer-for-sale (OFS) of up to 34.2 million shares, valued at Rs 15.39 billion at…
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.
Renewable energy developer OX2 has acquired its first onshore wind project in Western Australia, with a planned capacity of 1GW. Located north of Perth, the project is in the early development stages and will include a 100MW battery energy storage system. The acquisition involves collaboration with 20 landowners, and the original developers will continue to oversee the approval process alongside OX2. This acquisition is part of OX2’s strategy to expand its renewable energy portfolio in…
Lectrix EV, the electric mobility arm of SAR Group, has announced a collaboration with Electric One Energy Pvt. Ltd., a leading EV superstore chain. This partnership aims to enhance Lectrix EV’s market reach while providing Electric One Energy with reliable, high-quality electric vehicles. Electric One Energy will make Lectrix EV more accessible to Indian and global consumers seeking affordable, high-quality electric vehicles. The partnership also plans to expand exports to SAARC countries, including Nepal and…
Sunsure Energy has signed an agreement with REC for debt financing worth Rs 100 billion to support the development of 3 GW of solar, wind, hybrid, and battery energy storage system (BESS) projects. The deal was inked during the fourth Global RE-Invest Meet and Expo organized by the Ministry of New and Renewable Energy (MNRE) in Gujarat. This financing will enable Sunsure Energy to expand its portfolio of open-access hybrid projects across India, helping the…
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