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: January 2, 2025 The Egyptian Electricity Transmission Company (EETC) has allocated EGP 7.6 billion for the fiscal year 2023-24, focusing on upgrading, modernizing, and expanding its high-voltage and ultra-high voltage systems. This investment covers the development of new stations, cables, transmission lines, and upgrades to regional control centres, including Cairo’s and the newly operational National Control Center in the New Administrative Capital. The company aims to complete ongoing projects, enhance network…
Author: PPD Team Date: October 16, 2025 The Securities and Exchange Board of India (Sebi) has uncovered insider trading worth over Rs 173 crore in shares of the Indian Energy Exchange (IEX) and barred eight people from the market after search operations last month. Sebi found that confidential details from Central Electricity Regulatory Commission (CERC) meetings on market coupling were leaked and used for trading. The regulator has sent its order to CERC for action….
Author: PPD Team Date: October 21, 2024 The EU‘s five largest economies—Italy, Germany, France, Poland, and the United Kingdom—spend a combined 42 billion euros (USD 45.6 billion) annually subsidizing fossil-fuel company cars, according to a study by consultancy Environmental Resources Management (ERM), commissioned by environmental group Transport & Environment (T&E). The report urges the EU to redirect these subsidies towards electric vehicles (EVs) instead. Italy leads with 16 billion euros in subsidies, followed by Germany…
Author: PPD Team Date: September 24, 2025 Asia remains the largest producer of thermal coal, with China, India, and Indonesia driving output. Domestic consumption in these countries is set to grow, while the seaborne coal market faces a decline, according to Reuters. Together, China, India, and Indonesia account for over 70% of global coal production. Their output has expanded in recent years to meet increasing energy needs. Outside these three, production in Australia, Russia, the…
Author: PPD Team Date: April 22, 2025 Evren, a joint venture (JV) between Brookfield Renewable India and Axis Energy Ventures India Private Limited, has signed a 25-year Power Purchase Agreement (PPA) with NTPC Limited for the 300 MW FDRE ISTS-Connected Renewable Energy Project (Tranche-II) in India. The project, which was awarded to ABC Cleantech Private Limited (ACPL), an Evren Group company, follows a successful bid in March 2024. ACPL won the 300 MW Firm and…
Author: PPD Team Date: September 10, 2025 StarCharge has entered into an agreement with Prozeal Green Energy Limited to supply 1 gigawatt-hour (GWh) of battery energy storage systems (BESS) for deployment across multiple locations in India. As part of the agreement, StarCharge will provide its 5 megawatt-hour (MWh) container-based energy storage units. These systems are intended to improve grid stability and support the integration of renewable energy into the power system. In addition to this…