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.
The Tamil Nadu government has presented the interim budget 2026-2027, seeking a total net expenditure of Rs 18,090.63 crore for the Energy Department. Under major head 2801 (Power), the state has estimated net expenditure of Rs 24,661.23 crore for 2026-27, compared with the revised estimate of Rs 15,284.68 crore for 2025-26. The allocation includes support…
Zimbabwe has signed a 15-year concession agreement with Jindal Africa, a subsidiary of India’s Jindal Steel, to rehabilitate the 920 megawatt (MW) coal-fired Hwange thermal power station. The deal is valued at $455 million. According to the country’s energy minister July Moyo, the project will focus on overhauling six ageing units within four years. Under…
Meenakshi Energy Limited (MEL), a subsidiary of Vedanta, has announced the full operationalisation of its 1,000 MW thermal power project in Tirupati, Andhra Pradesh. The commissioning was completed within two years of Vedanta’s acquisition of the asset through the insolvency process. The plant comprises two 350 MW units and two 150 MW units. The 150…
China has cleared the construction of ten new nuclear reactors in 2025, marking the fourth year in a row it has approved at least ten reactors, Bloomberg reported. As per local outlet The Paper, the new projects will involve an investment of 200 billion yuan (about USD27 billion or Rs 2.25 trillion). China National Nuclear…
Developing an electric vehicle (EV) industry in South and Southeast Asia will require significant investment, with S&P Global Ratings estimating more than US$20 billion in spending by rated carmakers over the next few years. Chinese EV manufacturers are expected to lead the expansion, viewing the region as a key growth market and a strategic hub…
The Ministry of Heavy Industries (MHI) has issued final guidelines for the “Scheme to Promote Manufacturing of Electric Passenger Cars in India.” The scheme supports India’s Make in India initiative and aims to attract global electric vehicle (EV) manufacturers. Approved applicants will be allowed to import completely built-up (CBU) electric four-wheelers (e-4W) at a reduced…