Author: PPD Team Date: November 5, 2024
Suzlon Group reported a net profit of Rs 2 billion for the quarter ending September 2024, marking a 96% increase from Rs 1.02 billion in the same period last year.
Total income rose by approximately 48% to Rs 21.21 billion, up from Rs 14.29 billion in the corresponding quarter of the previous year.
Author: PPD Team Date: April 7, 2025 Larsen & Toubro (L&T) has incorporated L&T Green Energy Kandla Private Limited through its wholly-owned unit, L&T Energy Green Tech Limited. The company was officially registered on April 4, 2025. The new entity will focus on the development of green hydrogen and its derivatives, including green ammonia. It will also undertake related business activities as part of L&T’s strategy to scale up its presence in the green hydrogen…
Author: PPD Team Date: July 10, 2025 Rajesh Power Limited has received a turnkey contract worth Rs 2.20 billion from Madhya Gujarat Vij Company Limited (MGVCL). The order involves the supply, installation, testing, and commissioning of 11 kV medium voltage covered conductor infrastructure. The work will be carried out across multiple locations in Gujarat under two state schemes, the Kisan Suryoday Yojana and the Vanbandhu Kalyan Yojana. Both programmes aim to improve power supply in…
Author: PPD Team Date: November 5, 2024 Huasun Energy has secured a 1 GW contract to supply its n-type heterojunction (HJT) solar modules to Power China for offshore solar projects in Aoshan Bay, Jimo District, Qingdao, Shandong Province. Known for challenging soft soil conditions, the region requires modules with high water resistance, corrosion protection, and durability. Huasun’s G12-132 V-Ocean HJT solar modules, with a 720 W output, feature advanced waterproofing through butyl adhesive and UV-resistant…
Author: PPD Team Date: June 10, 2025 REC Limited has received approval from the Central Board of Direct Taxes (CBDT), Ministry of Finance, to issue zero coupon bonds worth Rs 50 billion. These bonds will have a tenure of ten years and six months. They will be issued at a deep discount and redeemed at face value upon maturity. The structure offers tax benefits to investors under the Income Tax Act, 1961. REC had previously…
Author: PPD Team Date: January 21, 2025 Vena Energy and LINE Yahoo Corporation (LYC) have signed a virtual power purchase agreement (VPPA) for the 72 MW Maniwa Solar Project, which will be built on a repurposed golf course in Maniwa City, Okayama Prefecture. The project is expected to be operational by 2026. The clean energy generated will be traded on the Japan Electric Power Exchange (JEPX) via Digital Grid Corporation, enabling LYC to power part…
Author: PPD Team Date: October 27, 2025 The Ministry of New and Renewable Energy (MNRE), in a memorandum dated October 24, 2025, has operationalised the Renewable Energy Equipment Import Monitoring System (REEIMS). This follows the Directorate General of Foreign Trade (DGFT) notification on October 10, 2025, which revised the import policy for items under Chapters 70, 73, 84, and 85 of the ITC (HS) 2022 schedule. While these components remain under the “Free” import category,…