Author: PPD Team Date: November 14, 2024
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.Â
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.
Author: PPD Team Date: February 4, 2025 The Ministry of Coal’s Nominated Authority has opened bids for the 11th round of commercial coal mine auctions, with strong participation from industry players. Out of 27 mines offered, bids were submitted for 20, with a total of 70 online and 72 physical bids. The transparent auction process saw the electronic decryption of online bids and the physical opening of sealed offline documents, ensuring full transparency. In the…
Author: PPD Team Date: December 11, 2025 Sterling and Wilson Renewable Energy Limited has formed a new step-down subsidiary in Romania as part of its international project development strategy. The company said its Dubai-based subsidiary, Sterling and Wilson International Solar FZCO, incorporated Sterling and Wilson Renewable Energy S.R.L on 08 December 2025. The company stated that the Romanian subsidiary will focus on the construction of utility projects for electricity. It has an authorised and subscribed…
Author: PPD Team Date: November 26, 2024 Siemens Limited posted strong Q4 FY 2024 financial results, with a 45% increase in profit after tax to Rs 7.75 billion and an 11% revenue rise to Rs 58.94 billion. New orders grew by 37% to Rs 61.64 billion. For the financial year ending September 30, 2024, the company reported a 14% revenue increase to Rs 202.5 billion and a 39% rise in profit after tax to Rs…
Author: PPD Team Date: July 10, 2025 Japan’s Sumitomo Corporation has committed to investing £7.5 billion ($10 billion) in the United Kingdom by 2035. The investment will focus on infrastructure, offshore wind, and hydrogen projects. The agreement was formalised through a memorandum of understanding (MoU) signed with the UK Department for Business and Trade. It includes both future investments and capital already deployed in ongoing ventures. Sumitomo has an established presence in the UK’s energy…
Author: PPD Team Date: April 7, 2025 Hindustan Powerprojects Private Limited (HPPPL) has secured a Letter of Award (LoA) from Uttar Pradesh Power Corporation Limited (UPPCL) for a 300 MW/425 MWp solar project. The installation will be Inter-State Transmission System (ISTS)-connected and located in Madhya Pradesh. The project is part of UPPCL’s plan to develop 2,000 MW of ISTS-connected solar capacity across India. HPPPL will be responsible for identifying land, setting up the plant, owning…
Author: PPD Team Date: April 7, 2026 Diamond Power Infrastructure Limited (DPIL) has received letters of intent (LOIs) from three Adani Group companies for the supply of power and control cables, with the combined contract value exceeding Rs 163 crore. The company disclosed these orders to regulators on April 6, 2026. The largest order, valued at approximately Rs 100.54 crore, has been awarded by Adani Electricity Mumbai Limited. It covers the supply of assorted sizes…