Author: PPD Team Date: 18/12/2024
Shakti Pumps Limited has invested Rs 40 million in its wholly owned subsidiary, Shakti Energy Solutions Private Limited (SESPL), by subscribing to 40 million equity shares with a face value of Rs 1 each.
The investment aims to expand SESPL’s business operations to align with Shakti Pumps’ growth strategy.
Author: PPD Team Date: 13/01/2025 Jupiter International has announced plans to invest Rs 65 billion over the next three years to expand its solar manufacturing capabilities. The investment will increase its production capacities to 3 GW for wafers, 9.4 GW for solar cells, and 6 GW for module assembly, enabling the company to meet rising demand for solar solutions while gaining full control over its manufacturing value chain. The company aims to build an integrated…
Author: PPD Team Date: 08/04/2025 The Government of Odisha has approved a 2,400 MW coal-based ultra super critical thermal power project in Cuttack district. The project will be developed by Orissa Thermal Energy Limited (OTEL), a subsidiary of Adani Power Limited (APL). The Nilanchal Thermal Power Plant will be built in three phases of 800 MW each at Rahangol and Kandarei villages in Athagarh tehsil. The estimated cost is Rs 184.5 billion. The Ministry of…
Author: PPD Team Date: 09/12/2024 The International Solar Alliance (ISA) and the United States Agency for International Development (USAID) have signed a Memorandum of Understanding (MoU) to strengthen grid interconnections and promote sustainable energy systems. The partnership aims to expand renewable energy usage, improve cross-border energy connectivity, and support the development of unified grids for large-scale clean power transfer. Under the agreement, USAID will collaborate with ISA to establish and expand renewable energy transmission networks…
Author: PPD Team Date: 24/12/2024 NTPC Limited has signed a tripartite memorandum of understanding (MoU) with the Grid Corporation of Odisha (GRIDCO) and Capital Region Urban Transport (CRUT) to promote green hydrogen mobility in Bhubaneswar. Under the agreement, NTPC will establish a green hydrogen fuelling station and deploy hydrogen-powered buses for short- and long-distance routes, replacing fossil fuel-powered buses to support decarbonisation and energy security. The Ministry of New and Renewable Energy (MNRE) has partially…
Author: PPD Team Date: 20/01/2025 Waaree Renewables Technologies Limited reported a net profit of Rs 0.53 billion for the quarter ending December 2024, a 17.18% decrease compared to Rs 0.64 billion in the same quarter last year. The company’s total income rose by 11.66% to Rs 3.64 billion during the quarter, up from Rs 3.25 billion in the corresponding period of 2023.
Author: PPD Team Date: 08/01/2025 Teerth Gopicon and Reliance Industries have secured SJVN’s tender to develop 5,830 kW of grid-connected solar projects under the PM Surya Ghar: Muft Bijli Yojana. Teerth Gopicon was awarded 5,705 kW, and Reliance Industries 125 kW. The projects, aimed at installing solar systems on union government buildings across Delhi, Madhya Pradesh, Uttar Pradesh, Haryana, Gujarat, Maharashtra, and Rajasthan, will be implemented under the renewable energy service company model. The Ministry…
Author: PPD Team Date: 13/01/2025 Jupiter International has announced plans to invest Rs 65 billion over the next three years to expand its solar manufacturing capabilities. The investment will increase its production capacities to 3 GW for wafers, 9.4 GW for solar cells, and 6 GW for module assembly, enabling the company to meet rising demand for solar solutions while gaining full control over its manufacturing value chain. The company aims to build an integrated…
Author: PPD Team Date: 08/04/2025 The Government of Odisha has approved a 2,400 MW coal-based ultra super critical thermal power project in Cuttack district. The project will be developed by Orissa Thermal Energy Limited (OTEL), a subsidiary of Adani Power Limited (APL). The Nilanchal Thermal Power Plant will be built in three phases of 800 MW each at Rahangol and Kandarei villages in Athagarh tehsil. The estimated cost is Rs 184.5 billion. The Ministry of…
Author: PPD Team Date: 09/12/2024 The International Solar Alliance (ISA) and the United States Agency for International Development (USAID) have signed a Memorandum of Understanding (MoU) to strengthen grid interconnections and promote sustainable energy systems. The partnership aims to expand renewable energy usage, improve cross-border energy connectivity, and support the development of unified grids for large-scale clean power transfer. Under the agreement, USAID will collaborate with ISA to establish and expand renewable energy transmission networks…
Author: PPD Team Date: 24/12/2024 NTPC Limited has signed a tripartite memorandum of understanding (MoU) with the Grid Corporation of Odisha (GRIDCO) and Capital Region Urban Transport (CRUT) to promote green hydrogen mobility in Bhubaneswar. Under the agreement, NTPC will establish a green hydrogen fuelling station and deploy hydrogen-powered buses for short- and long-distance routes, replacing fossil fuel-powered buses to support decarbonisation and energy security. The Ministry of New and Renewable Energy (MNRE) has partially…
Author: PPD Team Date: 20/01/2025 Waaree Renewables Technologies Limited reported a net profit of Rs 0.53 billion for the quarter ending December 2024, a 17.18% decrease compared to Rs 0.64 billion in the same quarter last year. The company’s total income rose by 11.66% to Rs 3.64 billion during the quarter, up from Rs 3.25 billion in the corresponding period of 2023.
Author: PPD Team Date: 08/01/2025 Teerth Gopicon and Reliance Industries have secured SJVN’s tender to develop 5,830 kW of grid-connected solar projects under the PM Surya Ghar: Muft Bijli Yojana. Teerth Gopicon was awarded 5,705 kW, and Reliance Industries 125 kW. The projects, aimed at installing solar systems on union government buildings across Delhi, Madhya Pradesh, Uttar Pradesh, Haryana, Gujarat, Maharashtra, and Rajasthan, will be implemented under the renewable energy service company model. The Ministry…
Author: PPD Team Date: 13/01/2025 Jupiter International has announced plans to invest Rs 65 billion over the next three years to expand its solar manufacturing capabilities. The investment will increase its production capacities to 3 GW for wafers, 9.4 GW for solar cells, and 6 GW for module assembly, enabling the company to meet rising demand for solar solutions while gaining full control over its manufacturing value chain. The company aims to build an integrated…
Author: PPD Team Date: 08/04/2025 The Government of Odisha has approved a 2,400 MW coal-based ultra super critical thermal power project in Cuttack district. The project will be developed by Orissa Thermal Energy Limited (OTEL), a subsidiary of Adani Power Limited (APL). The Nilanchal Thermal Power Plant will be built in three phases of 800 MW each at Rahangol and Kandarei villages in Athagarh tehsil. The estimated cost is Rs 184.5 billion. The Ministry of…