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Patel Engineering reports 151% profit surge in Q2 FY25
Patel Engineering Limited announced a net profit increase of 151% year-over-year for Q2 FY25. For the quarter ending September 30, 2024, the company reported a revenue increase of 14.98%, reaching Rs 11,743 million, driven by progress in hydropower, irrigation, and tunnelling projects. The operating EBITDA rose by 15.8% to Rs 1,622 million, while the net…
Maharashtra signs MoUs worth Rs 15,600 crore for renewable energy projects
The Maharashtra government has signed a series of investment agreements to strengthen its renewable energy and digital infrastructure sectors. A key highlight is the commitment of Rs 15,600 crore towards solar manufacturing. Jupiter International will invest Rs 10,900 crore to set up facilities for solar wafer, cell, and module production at Butibori in Nagpur district….
NTPC and Tangedco to acquire forest land for Upper Bhavani project
NTPC and Tangedco are expected to acquire 200 hectares for the Upper Bhavani Pumped Storage Hydroelectric Project, mostly from land held by the forest department. The project area lies near Upper Bhavani and Avalanche, both known for high biodiversity and low human activity. The project will produce 1,000 MW using a water conductor system connecting…
Aditya Birla and GACL partner for 62.7 MW hybrid project
Aditya Birla Renewable Energy Limited (ABREL) and its special purpose vehicle (SPV), Aditya Birla Renewables SPV 4 Limited, have signed a shareholder’s agreement with Gujarat Alkalies and Chemicals Limited (GACL) for a 62.7 MW wind-solar hybrid power project in Gujarat. The agreement was finalized on December 28, 2024. GACL will hold a 26% equity stake…
Him Urja to recover Rs 103.58 crore from UPCL after 15-year Vanala hydro case
The Uttarakhand Electricity Regulatory Commission (UERC) has directed Uttarakhand Power Corporation Ltd. (UPCL) to pay Rs 103.58 crore, including principal arrears and carrying cost, to Him Urja Pvt. Ltd. following the implementation of the Appellate Tribunal for Electricity’s (APTEL) judgment dated September 15, 2025. The order relates to tariff determination for the 15 MW Vanala…
CEA seeks power utilities’ inputs on quality infrastructure measures
The Central Electricity Authority (CEA) has requested all power sector utilities to submit inputs on improving equipment and installation quality. This follows a meeting on 15 July 2025 chaired by the Advisor to the Prime Minister, where the importance of monitoring, enforcement, and use of modern technology, including drones, was highlighted. CEA oversees standards for…
