Author: PPD Team Date: January 27, 2025
Indian Energy Exchange (IEX) reported a profit after tax of Rs 1,073 million for the quarter ended December 2024, a 16.9% increase from Rs 918 million in the same period last year.
The company’s consolidated revenue grew by 13.7% to Rs 1,605 million in Q3 FY2024, compared to Rs 1,412 million during the corresponding quarter of 2023.
Author: PPD Team Date: January 13, 2026 Mukesh Ambani has announced a Rs 7 lakh crore investment plan for Gujarat over the next five years, with a focus on clean energy, digital infrastructure, and regional development in Kutch and Saurashtra. The announcement was made at the Vibrant Gujarat Regional Conference in Rajkot, attended by Prime Minister Narendra Modi and senior state leadership. Ambani said Reliance Industries Limited will double its cumulative investment in Gujarat to…
Author: PPD Team Date: December 6, 2024 Synergy Green has signed a supply agreement with Envision Energy India Pvt Ltd to manufacture wind turbine castings. Envision Energy operates a 3 GW per annum assembly facility in Pune, where it is currently producing EN-156 3.3 MW turbines. The company has already installed over 1.5 GW in India, with an additional 7.7 GW in its order book. Based on future volume projections, Synergy Green expects to achieve…
Author: PPD Team Date: July 2, 2025 Solar Energy Corporation of India Limited (SECI) has signed over 60 GW of Power Sale Agreements (PSAs) for renewable energy. The PSAs cover a mix of solar, wind, and hybrid projects. SECI acts as an intermediary, ensuring long-term power offtake and offering payment security to developers and investors. Shri Santosh Kumar Sarangi, CMD of SECI, noted that signing 60 GW of PSAs in just 14 years shows SECI’s…
Author: PPD Team Date: May 7, 2025 Ganeko Solar Private Limited (GSPL), a subsidiary of Zelestra Energy, has entered into several key agreements with Seshasayee Paper and Boards Limited (SPB) to set up a 28 MW/39 MWp wind-solar hybrid power project in Tamil Nadu. The agreements include a Share Purchase Agreement (SPA), Share Subscription and Shareholder’s Agreement (SSSHA), and a performance incentive agreement. As part of the deal, SPB will invest Rs 165.6 million to…
Author: PPD Team Date: June 11, 2025 Rama Steel Tubes Ltd (RSTL) has entered a joint venture with Onix Renewable Ltd to establish 225 MW decentralised solar power projects across Maharashtra under the “Mukhyamantri Saur Krishi Vahini Yojana (MSKVY) 2.0”. The new entity, Onix IPP, will execute the projects. Onix holds a 90 percent stake in the JV, while RSTL owns 10 percent. Onix Renewable received a Letter of Award (LoA) in September 2024 to…
Author: PPD Team Date: November 20, 2024 HydrogenPro and J.H.K. have formed an exclusive partnership to drive green hydrogen projects in Germany, Austria, and the Benelux region. Under this agreement, HydrogenPro will supply advanced high-pressure alkaline electrolyser technology, while J.H.K. will act as the plant integrator and EPC contractor, managing project implementation and delivery. The partnership targets green hydrogen projects ranging from 5 to 50 MW, combining HydrogenPro’s expertise in electrolysis with J.H.K.’s experience in…