Solex Energy Limited reported robust financial performance in H1 FY2024-25, with total income surging 194% to Rs 2.731 billion, up from Rs 930 million in H1 FY24.
EBITDA increased 168% to Rs 253.7 million, and net worth expanded 244% to Rs 1.317 billion, while Return on Equity (ROE) improved to 29.41%, compared to 3.84% in the previous year.
NHPC Limited has approved a proposal to monetise future cash flows, specifically the return on equity (RoE), from its Uri-II and Dhauliganga power stations for a period of 10 years. The decision was taken at a board meeting held on April 14, 2026, and disclosed to stock exchanges on Tuesday. The monetisation will be executed…
Union Home Minister Amit Shah inaugurated Gujarat’s largest waste-to-energy plant in Ahmedabad on the eve of the Gujarati New Year. The PPP-based plant, developed at Piplaj in partnership with Jindal Urban Waste Management Limited, will process 1,000 metric tons of waste daily, generating 15 megawatts of electricity per hour. Built at a cost of approximately…
The Expert Appraisal Committee (EAC) for Thermal Power Projects recommended fresh Environmental Clearance for the 1,320 MW Udangudi Supercritical Thermal Power Project of Tamil Nadu Power Generation Corporation Limited (TNPGCL) in Tuticorin district during its 37th meeting. The project’s regulatory history spans more than a decade and includes revisions in configuration, extensions of earlier approvals,…
Power Grid Corporation of India Limited (PGCIL) has completed the acquisition of 7,730,225 equity shares of IL&FS Energy Development Company Limited (IEDCL) in Cross Border Power Transmission Company Limited (CPTCL). This follows an arrangement where IEDCL, a shareholder in CPTCL, divested its entire equity stake as part of the resolution framework approved by the National…
Senvion India has announced that its 3.1M130 wind turbine is now included in the Ministry of New and Renewable Energy’s (MNRE) Revised List of Models and Manufacturers (RLMM), issued in April 2025. Commercial grid-connected installations are set to begin across India. The 3.1M130 turbine features a 130-metre rotor, based on the 2XM platform, and is…
The National Bank for Financing Infrastructure and Development (NaBFID) has sanctioned a Rs 2.72 billion loan to KPI Green Energy Limited for partial financing of its 50 MW wind-solar hybrid power project in Bharuch, Gujarat. The project is part of Phase I under Gujarat Urja Vikas Nigam Limited’s (GUVNL) wind-solar hybrid power initiative. In January…