Author: PPD Team Date: January 20, 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: February 26, 2026 Saatvik Green Energy Limited has received and accepted an order worth Rs 87.10 crore from a reputed independent power producer (IPP) or engineering, procurement and construction (EPC) player for the supply of solar photovoltaic (PV) modules. The company disclosed the development in a regulatory filing dated February 25, 2026. The order has been awarded by a domestic entity and is commercial in nature. Execution is scheduled for completion…
Author: PPD Team Date: February 11, 2026 The National Committee on Transmission (NCT) has recommended interstate transmission schemes with a cumulative estimated cost of Rs 24,048 crore for evacuation of 25.5 GW of renewable energy from Gujarat. The recommendation follows confirmation of sufficient renewable potential for the state and a reassessment of transmission planning assumptions, including limited visibility on large green hydrogen and green ammonia demand. The recommended outlay comprises three transmission schemes. These include…
Author: PPD Team Date: February 10, 2025 ACME Solar Holdings Private Limited has signed an agreement with Grew Energy Private Limited to develop a solar power project in Bikaner, Rajasthan. The project will utilize GREW Solar’s Topcon solar modules, manufactured at its 3 GW facility near Dudu, Jaipur. Both companies aim to expand their collaboration in the renewable energy sector.
Author: PPD Team Date: January 28, 2026 Indian Oil Corporation Ltd. (IOC) has outlined plans to invest around Rs 1 lakh crore to build an 18 GW green energy portfolio by 2030. The state-owned refiner aims to acquire up to 12 GW of renewable energy capacity and develop another 6 GW organically. Its green energy subsidiary, Terra Clean Ltd., is targeted for a public listing by 2027-28. According to statements by IOC Chairman A S…
Author: PPD Team Date: November 10, 2025 Reliance NU Energies, the renewable energy subsidiary of Reliance Power, has seen major leadership changes with the resignation of Chief Executive Officer Mayank Bansal and Chief Operating Officer Rakesh Swaroop. Their departure comes less than a year after the company’s establishment in December 2024. Bansal and Swaroop, both of whom previously held senior positions at ReNew, stepped down on September 30. Around a dozen other executives have also…
Author: PPD Team Date: April 14, 2025 The Central Electricity Authority (CEA) has approved Detailed Project Reports (DPRs) for six hydro pumped storage projects (PSPs) totaling about 7.5 GW. These approvals were issued in record time during 2024–25, reflecting a focused effort to expand long-term energy storage infrastructure. The cleared projects include: Upper Indravati (600 MW) in Odisha Sharavathy (2,000 MW) in Karnataka Bhivpuri (1,000 MW) in Maharashtra Bhavali (1,500 MW) in Maharashtra MP-30 (1,920…