Author: PPD Team Date: January 20, 2025
Indian Renewable Energy Development Agency Limited (IREDA) posted a net profit of Rs 4.25 billion for the quarter ending December 2024, a 26.48% rise compared to Rs 3.36 billion in the same quarter last year.
The company’s revenue from operations increased by 35.59% to Rs 16.99 billion during the quarter, up from Rs 12.53 billion reported in the corresponding period of 2023.
Author: PPD Team Date: November 6, 2024 Jupiter Power has closed a $225 million corporate credit facility to expand its energy storage portfolio across the United States. The facility includes up to $175 million in letters of credit and $50 million in revolving loans. Coordinated by Barclays Bank PLC, HSBC Bank USA, and Sumitomo Mitsui Banking Corporation, this financing will support Jupiter Power’s 12,000 MW development pipeline. Kirkland & Ellis acted as counsel for Jupiter…
Author: PPD Team Date: December 16, 2025 The Government of India has introduced a new legislation in the Lok Sabha to overhaul India’s nuclear energy framework. Titled the Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India Bill, 2025, the Bill seeks to repeal the Atomic Energy Act, 1962 and the Civil Liability for Nuclear Damage Act, 2010, and replace them with a single, updated legal regime. The Bill, numbered 196 of 2025, was…
Author: PPD Team Date: February 13, 2025 The proposed 3,200 MW Srikakulam Super Critical Power Project by Sumitomo Corporation is facing strong opposition from local communities due to environmental concerns. The thermal power plant, planned at Vennelavalasa village in Sarubujjili mandal of Amadalavalasa Assembly segment, is estimated to cost Rs 300 billion. Initially, tribals led protests against the project, citing threats to the environment and natural resources. They also expressed concerns that diverting water from…
Author: PPD Team Date: October 6, 2025 The National Capital Region Transport Corporation (NCRTC) has added a second draw point at the Muradnagar receiving substation to expand its electricity procurement through Power Exchange India Limited. The move is part of its arrangement with PTC India Limited to buy power through exchanges for the Regional Rapid Transit System (RRTS). The existing Ghaziabad draw point is expected to save over Rs 30 million annually, with a similar…
Author: PPD Team Date: October 28, 2024 REC Limited has reported strong financial results for Q2 FY25, with a 17% rise in revenue from operations, reaching Rs 135.71 billion, compared to Rs 115.90 billion in the same quarter last year. Total income increased by 18% to Rs 266.33 billion, while net interest income saw a notable 25% jump, reaching Rs 97.23 billion. Net profit rose by 11% to Rs 74.88 billion from Rs 67.34 billion…
Author: PPD Team Date: April 1, 2025 Waaree Energies Limited has inaugurated a 5.4 GW solar cell manufacturing facility in Chikhli, Gujarat. Spanning 150 acres, with a built-up area of 101 acres, the plant is equipped with high-efficiency solar cell technology to strengthen India’s domestic solar manufacturing capabilities. The facility is expected to generate over 9,500 direct jobs and approximately 30,000 indirect employment opportunities. It aims to reduce India’s dependence on solar imports while boosting…