Tata Power Company Limited posted a net profit of Rs 10.93 billion for the quarter ending September 2024, marking a 7.47 per cent rise from Rs 10.17 billion in the same period last year.Â
The company’s total income grew by approximately 1.13 per cent to Rs 162.11 billion in Q2 FY2024, up from Rs 160.3 billion in the corresponding quarter of the previous year.
Lending to renewable energy (RE) projects in India surged by 63% in 2023, reaching Rs 302.55 billion, compared to the previous year, according to a report by the Centre for Financial Accountability. Solar energy accounted for 49% of the funding, with Rs 148.14 billion directed toward solar projects. Hybrid projects saw a 31% year-on-year increase,…
Hindustan Petroleum Corporation (HPCL) has floated a tender seeking the supply of 5,000 tonnes (5 KTPA) of green hydrogen annually for its Visakh Refinery. The tender period is set for 25 years, with the bid submission deadline on January 21, 2025. The successful bidder will be responsible for selecting the project location, acquiring land, and…
ACME Solar Holdings Limited plans to invest Rs 170 billion in capital expenditure in the calendar year 2026 to expand its renewable energy capacity to 5,000 MW by 2027, focusing on hybrid and firm dispatchable renewable energy (FDRE) projects. The company aims to triple its capacity to 7,000 MW by 2028, rolling out expansion in…
RenewSys India Pvt. Ltd. has signed a module supply agreement with ENGIE for the delivery of 125 MWp of Tunnel Oxide Passivated Contact (TOPCon) photovoltaic (PV) modules for a solar project in Bikaner, Rajasthan. Shipments are scheduled between February and April 2026. Under the agreement, RenewSys will supply its 132X G12R TOPCon glass-to-glass modules. The…
The Tata Power Company Limited (TPCL) has received the highest consumer service rating among distribution utilities in India, yet ranks 40th overall in combined performance rankings. In the fifth edition of the Consumer Service Rating of DISCOMs (CSRD), published by REC Limited, TPCL scored 97.1 out of 100 and secured an A+ grade. It ranked…
The Andhra Pradesh Southern Power Distribution Company Limited (APSPDCL) has shifted government electricity services to a prepaid smart-metering system with effect from June 1 across nine districts in Andhra Pradesh. The rollout covers government offices, educational institutions, municipal corporations, public water works, and street lights in Nellore, Tirupati, Chittoor, Annamayya, Kadapa, Kurnool, Nandyal, Anantapur, and…