Power Finance Corporation Limited (PFC) reported a net profit of Rs 72.15 billion for the quarter ending September 2024, an 8.86 per cent increase from Rs 66.28 billion in the same quarter last year.
The company’s total income also rose by 15.04 per cent, reaching Rs 257.55 billion compared to Rs 223.87 billion in the previous year’s corresponding period.
Adani Renewable Energy Fifty Seven Limited, a subsidiary of Adani Green Energy Limited (AGEL), started commercial operations of a 187.5 MW solar power project in Gujarat’s Khavda on May 22, 2025. The project is part of AGEL’s larger plan to develop a 30,000 MW wind-solar hybrid renewable energy park in the Rann of Kutch. The…
Maharashtra State Electricity Distribution Company (MSEDCL) has selected JSW Neo Energy, Tata Power Renewable Energy Limited (TPREL), Avaada Energy, and Juniper Green Energy as the winners of its 1,650 MW wind-solar hybrid auction. These companies will supply power on a long-term basis from grid-connected intrastate projects. JSW Neo secured 600 MW, including 400 MW under…
The Ministry of New and Renewable Energy (MNRE) on 15 September 2025 issued the National Policy on Geothermal Energy to guide exploration, development, and deployment of geothermal resources in the country. The vision is to establish geothermal energy as a central part of India’s renewable portfolio. The policy outlines goals to expand research, improve exploration…
The government is preparing a pilot framework for peer-to-peer electricity trading under the India Energy Stack, as reported by ET EnergyWorld. Under the proposed model, electricity exchanges would take place between verified participants, while billing and financial settlement would continue to be routed through distribution companies. From a regulatory perspective, discoms remain central to grid…
The Haryana Electricity Regulatory Commission (HERC) has constituted a three-member independent expert committee to examine an application seeking a parallel electricity distribution licence for Gurugram and Nuh districts, reserving its final order until the panel submits its findings. In its interim order dated July 9, 2026, issued after hearings concluded on July 8, the commission…
Reliance Industries Ltd (RIL) has formally acquired a 100% equity stake in Lakadia B Power Transmission Limited (LPTL), a special purpose vehicle (SPV) established for the development of the transmission system for the Augmentation of Transformation Capacity at the 765/400 kV Lakadia Substation (S/s) in Gujarat-Part B. The acquisition follows the invitation of Request for…