Coal India Limited (CIL) has reported a net profit of Rs 62.75 billion for the quarter ending September 2024, marking a 22.04% decrease from Rs 80.49 billion in the same quarter last year.
The company’s total income for the quarter stood at Rs 321.78 billion, down approximately 7.43% from Rs 347.60 billion in the corresponding period of the previous year.
The Central Electricity Authority (CEA) has recommended a coal and lignite-based installed capacity of 283 GW, up from the current 217.5 GW. Consequently, the Ministry of Power (MoP) is planning to establish an additional minimum of 80 GW of coal-based capacity by 2031-32. This expansion is expected to entail an expenditure of at least Rs. 6,672 billion by 2031-32. According to Intended Nationally Determined Contributions (INDCs), the country is committed to achieving approximately 50 per…
IPC E&C Philippines Corporation, a subsidiary of Vietnam’s IPC Group, has won a contract to install wind turbines for a 100 MW onshore wind farm in Laguna province, Philippines. The project, spearheaded by Laguna Wind Energy Corporation and backed by Southeast Asia’s wind energy developer The Blue Circle, will feature 17 Goldwind turbines, each with a capacity of 6 MW. Turbine installation is set to begin in 2025, with commercial operations expected by 2026. This…
On August 13, 2024, Schneider Electric kicked off its multi-city INNOVATION DAYS 2024 event in Mumbai, where the company launched eight new products and solutions. This series of events will continue across major cities including Delhi, Bengaluru, Ahmedabad, and Kolkata, engaging over 2,000 customers, partners, and stakeholders in person, with many more participating digitally. The newly introduced products and solutions focus on efficiency, reliability, sustainability, and safety. They include the MasterPacT MTZ Active circuit breaker,…
Tata Power Limited has received a letter of intent (LoI) from REC Power Development and Consultancy Limited (RECPDCL), a subsidiary of REC Limited, to acquire the special purpose vehicle (SPV) ERES-XXXIX Power Transmission Limited. The project, to be developed on a build-own-operate-transfer (BOOT) basis, will offer transmission services for 35 years starting from the commercial operation date scheduled for December 31, 2027. The project includes the construction of a 2×1500 MVA, 765/400 kV gas-insulated switchgear…
Power Mech Projects has received an order worth Rs 8.65 billion for the operation and maintenance (O&M) of the 3×660 MW supercritical thermal power plant at Talwandi Sabo Power, located in Banawala village, Mansa district, Punjab. The contract, awarded by Talwandi Sabo Power, a subsidiary of Vedanta, will commence on November 1, 2024.
Avaada Group has proposed an investment of Rs 50 billion in Madhya Pradesh during a meeting with Chief Minister Mohan Yadav on September 16, 2024. This announcement was made during the Renewable Energy Investors Meet in Gandhinagar. Sembcorp Group expressed interest in the Morena and Neemuch solar projects, while Borosil Group plans to set up a solar panel glass production unit. The Wind Power Association requested the development of wind parks, and Torrent Power called…
Stay informed on power sector updates. Subscribe here.