Author: PPD Team Date: November 13, 2024
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.
Author: PPD Team Date: January 24, 2025 Kalpataru Projects International Limited (KPIL) has won new orders worth Rs 20.38 billion in the transmission and distribution (T&D) sector across domestic and international markets, along with building projects in India. These orders increase KPIL’s year-to-date (YTD) order intake to Rs 193.61 billion. KPIL is a leading engineering, procurement, and construction (EPC) firm engaged in power transmission & distribution, buildings & factories, oil & gas pipelines, and water…
Author: PPD Team Date: October 6, 2025 The National Capital Region Transport Corporation (NCRTC) has added a second draw point at the Muradnagar receiving substation to expand its electricity procurement through Power Exchange India Limited. The move is part of its arrangement with PTC India Limited to buy power through exchanges for the Regional Rapid Transit System (RRTS). The existing Ghaziabad draw point is expected to save over Rs 30 million annually, with a similar…
Author: PPD Team Date: December 11, 2024 Five firms have won bids for setting up 2,000 MW Inter-State Transmission System (ISTS) connected solar power projects and 1,000 MW energy storage systems (ESS) under Tranche-XVII of the Solar Energy Corporation of India (SECI), announced on December 9, 2024. The successful bidders and their respective capacities are as follows: Sembcorp Green Infra Private Limited (Sembcorp Energy India Limited) – 150 MW solar and 75 MW ESS at…
Author: PPD Team Date: August 19, 2025 The Solar Energy Corporation of India (SECI) has cancelled two offshore wind tenders with a combined capacity of 4.5 GW, citing low developer participation. The first was a Request for Selection (RfS) issued on 2 February 2024 for 4,000 MW of offshore wind projects through allocation of sea-bed lease rights. The second, issued on 13 September 2024, was a 500 MW project off the Gujarat coast, designed to…
Author: PPD Team Date: December 26, 2024 Refex Renewables & Infrastructure Limited has issued 105 senior, secured, unrated, unlisted, and taxable non-convertible debentures (NCDs) through private placement. The NCDs, with an aggregate value of Rs 1.05 billion, were allotted to the Northern Arc Emerging Corporates Bond Trust. They have a tenure of 20 months, starting from December 23, 2024, and maturing on July 30, 2026. The debentures carry an annual interest rate of 14.25 per…
Author: PPD Team Date: August 19, 2025 ReNew Energy Global reported a sharp rise in profit for the first quarter of FY26. Net profit increased thirteen times to Rs 513.1 crore, compared with Rs 39.4 crore in the same quarter of the previous year. Adjusted Ebitda stood at Rs 2,722 crore, up from Rs 1,897.9 crore in Q1 FY25. Total income rose to Rs 4,118.2 crore from Rs 2,490.3 crore. Revenue from power sales grew…