Reliance Power Limited has recorded a net profit of Rs 28.78 billion for the quarter ended September 2024, reversing a loss of Rs 2.38 billion in the same period last year.
Despite the turnaround, the company’s total income decreased by 7.23 per cent to Rs 19.63 billion during the quarter, compared to Rs 21.16 billion in the corresponding period of 2023.
The Global Energy Alliance for People and Planet (GEAPP) is partnering with the Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) to establish a 450-500 MW solar park along the Bundelkhand Expressway. This pilot project aims to create a green energy corridor across the expressway, with approximately 450 MW of solar power installed on the expressway’s designated land area, spanning 15-20 meters on both sides. The project aims to boost energy supply, support electric vehicle (EV)…
Delton Cables Ltd announced that it secured orders worth Rs 1.77 billion for power cables during the first quarter (April to June) of FY25. These orders are to be fulfilled over the next two years, with the company’s outstanding order book standing at Rs 2.94 billion as of June 30, 2024. In an investor presentation discussing its Q1 FY25 performance, Delton Cables highlighted its strategy to develop a pan-India presence and expand into new sectors,…
At the Independence Day function in Dehra, Himachal Pradesh’s Kangra District, Chief Minister Sukhvinder Sukhu announced plans to transform 10 gram panchayats into green panchayats by setting up solar power projects with up to 500 KW capacity each.
Elcogen has been awarded €24.9 million from the European Union’s 2024 Innovation Fund to expand its production capacity for solid oxide electrolyser cell (SOEC) and solid oxide fuel cell (SOFC) components in Tallinn, Estonia. This funding will enhance Elcogen’s role in advancing green hydrogen production and supporting the transition to green energy. The EU’s Innovation Fund allocated €4.8 billion across 85 projects in 2024, targeting a collective carbon reduction of 476 million tonnes over the…
Servotech Power Systems Ltd., a leading manufacturer of Electric Vehicle (EV) chargers, solar solutions, and power-backup solutions, has announced its quarterly results. The company’s net profit after tax (PAT) in the first quarter of FY2024-25 was Rs 44.8 million, up from Rs 41.0 million in the same quarter last year. Key Highlights of the Quarterly Results: Consolidated Highlights Total Revenue: Grew by 41 per cent in Q1 FY25 to Rs 1.12 billion from Rs 798.1…
Nautilus Solar Energy has inaugurated a 2.8 MW community solar farm on the Altamont municipal waste dump and burn pit, previously the Schenectady Army Depot in New York. This marks the first community solar project on a formerly used defence site (FUDS), set to provide clean energy to over 260 households. Situated near the Northeastern Industrial Park in Guilderland, New York, the site, once a critical US Army facility from 1941 to 1969, has been…