Author: PPD Team Date: November 12, 2024
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.
Author: PPD Team Date: August 20, 2025 British Car Auctions (BCA) reports that used electric vehicle (EV) activity in the UK reached record levels in August, with EVs outperforming petrol and diesel models. BCA said EVs showed the highest rate of first-time conversions and the best performance in both monthly and live CAP evaluations. The firm noted this trend despite industry concern over residual values for used EVs. The concern follows the UK Government’s introduction…
Author: PPD Team Date: May 8, 2025 NLC India Limited (NLCIL) and Indian Rare Earths Limited (IREL) have signed a memorandum of understanding (MoU) to collaborate on the sourcing and development of critical minerals and rare earth elements (REE). The agreement was formalized on May 6, 2025. The partnership will focus on mining, extraction, and refining of key minerals vital to India’s energy security and technological growth. These include materials essential to renewable energy, electric…
Author: PPD Team Date: December 4, 2024 H.G. Infra Engineering Limited has formed a wholly owned subsidiary, H.G. Banaskantha Bess Private Limited, for the battery energy storage systems (BESS) sector. Incorporated on December 3, 2024, with an authorized capital of Rs 15 million, the Rajasthan-based subsidiary aims to specialize in BESS. The establishment of H.G. Banaskantha Bess follows H.G. Infra’s recent Letter of Award from NTPC Vidyut Vyapar Nigam Limited for the procurement and installation…
Author: PPD Team Date: July 28, 2025 Industrial representatives from Gurugram and Faridabad, affiliated with the PHD Chamber of Commerce and Industry (PHDCCI), have urged the Haryana Electricity Regulatory Commission (HERC) to align the state’s industrial power tariffs with those in Punjab, Himachal Pradesh, and Rajasthan. They submitted a comparative report, arguing that Haryana’s higher industrial tariffs hurt competitiveness and deter investment. HERC member Mukesh Garg said the commission can only act on formal petitions…
Author: PPD Team Date: October 29, 2025 Dalmia Bharat Limited has announced investments totalling Rs 78 million in three solar power special purpose vehicles (SPVs) to expand its renewable energy capacity. The move supports the company’s goal of sourcing more clean power and advancing its sustainability targets. Through its subsidiaries, Dalmia Cement (Bharat) Limited and Dalmia Bharat Green Vision Limited, the company will acquire minority stakes in three Tamil Nadu-based SPVs. Dalmia Cement (Bharat) will…
Author: PPD Team Date: November 13, 2024 Indonesia has revealed plans to attract international investment for the development of 75GW of renewable energy within the next 15 years. The announcement, made at COP29 in Baku by Indonesia’s climate envoy, Hashim Djojohadikusumo, underscores the new administration’s goal to implement 100GW of new energy, with 75% dedicated to renewables like solar, hydro, geothermal, and potentially nuclear energy. With over 90GW of current power capacity, largely coal-based, Indonesia…