NHPC Limited has secured approval from the Ministry of Corporate Affairs (MCA) for the merger of Lanco Teesta Hydro Power with NHPC.
The company also received a second insurance payment of Rs 2.50 billion related to business interruption losses from the October 2023 flash flood at the 510 MW Teesta-V Power Station.
NHPC, India’s largest hydropower developer, continues to expand into solar and wind energy.
South Korea’s government has confirmed it will move ahead with two new large scale nuclear reactors and the deployment of small modular reactors (SMRs) under the 11th Basic Power Supply Plan, bringing an end to months of policy review. The two reactors will have a combined capacity of 2,800 MWe and are scheduled for completion…
Epic Energy Limited has entered into a technical collaboration with REFNIC, a brand operated by Zetrance Technology, to set up lithium ion battery recycling and second life application facilities. The project will be implemented through Epic Energy’s special purpose vehicle, Swachchha Urja Nirman LLP (SUN LLP). Under the arrangement, REFNIC will act as the technical…
Several companies in the power equipment, renewable energy and cable manufacturing segments reported strong FY2025-26 financial performance, supported by rising infrastructure demand, renewable energy expansion and transmission sector investments. Quality Power Electrical Equipments — Revenue crosses Rs 1,000 crore Quality Power Electrical Equipments Limited reported consolidated revenue of Rs 1,007 crore for FY2025-26, marking a…
Power Grid Corporation of India Limited (POWERGRID) has incorporated a Special Purpose Vehicle (SPV) in Kenya for the Kenya Transmission Public-Private Partnership (PPP) Project. The entity, Mwanga Transmission Company Limited, has been registered as a private limited company under the Kenyan Companies Act, 2015. The Certificate of Incorporation was issued by the Registrar of Companies…
NHPC Limited has reported a net profit of Rs 10.69 billion for the quarter ending September 2024, marking a 36.86% decline from Rs 16.93 billion in the same quarter the previous year. However, the company’s total income rose by 9.25% to Rs 34.02 billion during this quarter, compared to Rs 31.14 billion in the corresponding…
Shakti Pumps (India) Limited has invested Rs 10 crore in its wholly owned subsidiary, Shakti Energy Solutions Limited (SESL), for setting up a greenfield high-efficiency solar domestic content requirement (DCR) cell and solar photovoltaic (PV) module manufacturing plant in Pithampur, Madhya Pradesh. The proposed facility will have a production capacity of 2.20 GW. Shakti Pumps…