Author: PPD Team Date: 12/11/2024
Sugs Lloyd has emerged as the lowest bidder for two Bihar government projects worth Rs 3 billion.
The contracts include the supply, installation, testing, and commissioning (SITC) of a power substation along with high-tension (HT) and low-tension (LT) lines.
CEO Satyakam Basu expressed excitement over this milestone, noting that the company is considering an IPO to expand operations and fulfil working capital needs.
Author: PPD Team Date: 02/05/2025 Reliance NU Suntech Private Limited, a wholly-owned subsidiary of Reliance Power Limited, signed a 25-year power purchase agreement (PPA) with Solar Energy Corporation of India (SECI) on May 2, 2025. The agreement covers the development of 930 MW of Inter-State Transmission System (ISTS) connected solar power capacity, along with a 465 MW/1,860 MWh battery energy storage system (BESS), awarded under Tranche-XVII. Reliance NU Suntech had secured the project in December…
Author: PPD Team Date: 18/10/2024 Polycab India Ltd reported significant growth in its wire and cable business for Q2 FY25 (July to September). The company’s wire and cable revenue rose 23% year-on-year to Rs 46.07 billion, driven by favorable commodity prices and strong market demand. Domestically, the institutional segment surpassed distribution, and wires outperformed cables. Internationally, the business saw a 36% quarter-on-quarter increase, contributing 6.1% to Polycab’s total revenue. However, EBIT margins dropped to 12.3%,…
Author: PPD Team Date: 07/01/2025 The U.S. Department of the Treasury and Internal Revenue Service (IRS) have issued final regulations for the section 45V Clean Hydrogen Production Tax Credit. Established by the Inflation Reduction Act, the credit is designed to promote clean hydrogen production while meeting strict lifecycle greenhouse gas (GHG) emissions standards. The rules provide flexibility and clarity to hydrogen producers, including those using electricity (renewable, nuclear), methane reforming with carbon capture (blue hydrogen),…
Author: PPD Team Date: 23/04/2025 Adani Saur Urja (KA) Limited, a wholly owned subsidiary of Adani Green Energy Limited, has submitted a bid to develop an Off-River Closed Loop Pumped Storage Project (PSP) at a self-identified site in Tamil Nadu. Tamil Nadu Green Energy Corporation Limited (TNGECL) invited proposals for such projects in January 2025. The bid falls under the Project Proponent Mode. Developers are required to choose a site not located on a river…
Author: PPD Team Date: 28/11/2024 NTPC Renewable Energy Limited (NTPC REL), a wholly-owned subsidiary of NTPC Green Energy Limited, has announced the commercial operation of the first part capacity of 55 MW out of the 105 MW Shajapur Solar Project (Unit-1) in Madhya Pradesh. Following successful commissioning, the operation will take effect on November 29, 2024. The Shajapur Solar Project is part of NTPC’s larger renewable energy initiative, with a total capacity of 325 MW…
Author: PPD Team Date: 18/10/2024 India is set to become the global engine for energy demand growth through 2035, according to the International Energy Agency’s (IEA) World Energy Outlook 2024. The report highlights India’s rapid expansion, with the country adding more than 12,000 cars daily, increasing built space equivalent to South Africa, and seeing its air-conditioners consume more electricity than Mexico’s total power consumption by 2035. As the world’s third-largest oil consumer, India will increase…
Author: PPD Team Date: 02/05/2025 Reliance NU Suntech Private Limited, a wholly-owned subsidiary of Reliance Power Limited, signed a 25-year power purchase agreement (PPA) with Solar Energy Corporation of India (SECI) on May 2, 2025. The agreement covers the development of 930 MW of Inter-State Transmission System (ISTS) connected solar power capacity, along with a 465 MW/1,860 MWh battery energy storage system (BESS), awarded under Tranche-XVII. Reliance NU Suntech had secured the project in December…
Author: PPD Team Date: 18/10/2024 Polycab India Ltd reported significant growth in its wire and cable business for Q2 FY25 (July to September). The company’s wire and cable revenue rose 23% year-on-year to Rs 46.07 billion, driven by favorable commodity prices and strong market demand. Domestically, the institutional segment surpassed distribution, and wires outperformed cables. Internationally, the business saw a 36% quarter-on-quarter increase, contributing 6.1% to Polycab’s total revenue. However, EBIT margins dropped to 12.3%,…
Author: PPD Team Date: 07/01/2025 The U.S. Department of the Treasury and Internal Revenue Service (IRS) have issued final regulations for the section 45V Clean Hydrogen Production Tax Credit. Established by the Inflation Reduction Act, the credit is designed to promote clean hydrogen production while meeting strict lifecycle greenhouse gas (GHG) emissions standards. The rules provide flexibility and clarity to hydrogen producers, including those using electricity (renewable, nuclear), methane reforming with carbon capture (blue hydrogen),…
Author: PPD Team Date: 23/04/2025 Adani Saur Urja (KA) Limited, a wholly owned subsidiary of Adani Green Energy Limited, has submitted a bid to develop an Off-River Closed Loop Pumped Storage Project (PSP) at a self-identified site in Tamil Nadu. Tamil Nadu Green Energy Corporation Limited (TNGECL) invited proposals for such projects in January 2025. The bid falls under the Project Proponent Mode. Developers are required to choose a site not located on a river…
Author: PPD Team Date: 28/11/2024 NTPC Renewable Energy Limited (NTPC REL), a wholly-owned subsidiary of NTPC Green Energy Limited, has announced the commercial operation of the first part capacity of 55 MW out of the 105 MW Shajapur Solar Project (Unit-1) in Madhya Pradesh. Following successful commissioning, the operation will take effect on November 29, 2024. The Shajapur Solar Project is part of NTPC’s larger renewable energy initiative, with a total capacity of 325 MW…
Author: PPD Team Date: 18/10/2024 India is set to become the global engine for energy demand growth through 2035, according to the International Energy Agency’s (IEA) World Energy Outlook 2024. The report highlights India’s rapid expansion, with the country adding more than 12,000 cars daily, increasing built space equivalent to South Africa, and seeing its air-conditioners consume more electricity than Mexico’s total power consumption by 2035. As the world’s third-largest oil consumer, India will increase…
Author: PPD Team Date: 02/05/2025 Reliance NU Suntech Private Limited, a wholly-owned subsidiary of Reliance Power Limited, signed a 25-year power purchase agreement (PPA) with Solar Energy Corporation of India (SECI) on May 2, 2025. The agreement covers the development of 930 MW of Inter-State Transmission System (ISTS) connected solar power capacity, along with a 465 MW/1,860 MWh battery energy storage system (BESS), awarded under Tranche-XVII. Reliance NU Suntech had secured the project in December…
Author: PPD Team Date: 18/10/2024 Polycab India Ltd reported significant growth in its wire and cable business for Q2 FY25 (July to September). The company’s wire and cable revenue rose 23% year-on-year to Rs 46.07 billion, driven by favorable commodity prices and strong market demand. Domestically, the institutional segment surpassed distribution, and wires outperformed cables. Internationally, the business saw a 36% quarter-on-quarter increase, contributing 6.1% to Polycab’s total revenue. However, EBIT margins dropped to 12.3%,…