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: March 31, 2025 The Ministry of Coal has launched the 12th tranche of commercial coal mine auctions, offering 28 coal and lignite blocks for bidding. The auction includes 25 coal mines under the Coal Mines (Special Provisions) Act, 2015 (CMSP) and 18 under the Mines and Minerals (Development and Regulation) Act, 1957 (MMDR), along with two lignite mines. Thirteen are fully explored and ready for development, while 12 offer long-term investment…
Author: PPD Team Date: August 27, 2025 Power Grid Corporation of India Limited (PGCIL) has cleared a new investment proposal worth Rs 209.38 crore for strengthening transmission infrastructure in the North-Eastern region. The project, named North-Eastern Region Expansion Scheme-XXIII (NERES-XXIII), was approved by the company’s Committee of Directors on Investment on Projects on August 26, 2025. According to the regulatory filing, the scheme is expected to be completed within 30 months from the date of…
Author: PPD Team Date: September 12, 2024 Sterlite Power has secured the Khavda IV-C interstate transmission system (ISTS) project with an annual tariff of Rs 13.15 billion, the highest ever for an ISTS scheme under the tariff-based competitive bidding (TBCB) process. Competing bids from Power Grid Corporation of India Ltd (PGCIL) and Adani Energy Solutions Ltd (AESL) were close, with the L2 bid just 0.25% higher than Sterlite’s winning bid. The project, now estimated to…
Author: PPD Team Date: November 6, 2025 Amazon has added almost 1 GW of clean energy to European grids through 20 new renewable projects launched in 2025. Developed with 12 energy partners, the projects span Spain, Italy, Poland, Germany, and Greece. Together, they can power over 700,000 homes each year. Amazon now supports more than 230 renewable projects in Europe, mainly through power purchase agreements that provide long-term stability for developers. Key earlier investments include…
Author: PPD Team Date: September 15, 2025 India’s non-fossil fuel power generation capacity has reached 250 gigawatts (GW) in 2025, rising from 81 GW in 2014, according to Union Minister for New and Renewable Energy Pralhad Joshi. Joshi stated that India’s installed non-fossil capacity has grown more than three times over the past decade. He said the expansion reflects steady progress across renewable and clean energy sources. The minister noted that the 250 GW capacity…
Author: PPD Team Date: November 26, 2024 French energy company TotalEnergies has suspended new financial contributions to the Adani Group following indictments of Adani Group executives by US authorities over alleged corruption linked to Adani Green Energy Limited (AGEL). The US Securities and Exchange Commission (SEC) has accused Adani Group officials, including Gautam Adani and his nephew, of bribery in connection with a $750 million bond offering. The allegations claim the company falsely promoted compliance…