Author: PPD Team Date: October 25, 2024
Adani Energy Solutions Limited (AESL) has reported a net profit of Rs 7.73 billion for the quarter ending September 2024, marking a 172.18% increase compared to Rs 2.84 billion in the same quarter last year.
The company’s total income also rose by 68.88%, reaching Rs 63.6 billion, up from Rs 37.66 billion during the corresponding period of the previous year.
Author: PPD Team Date: December 9, 2025 Avaada Group has signed a memorandum of understanding with GRIDCO and the Indian Institute of Technology Bhubaneswar to establish a Centre of Excellence in Odisha focused on green hydrogen. The centre will conduct advanced research on storage, industrial use and mobility applications. It will also study the technical and economic feasibility of new hydrogen technologies. Under the agreement, Avaada Group will create an extension facility of the Centre…
Author: PPD Team Date: January 6, 2026 Waaree Energy Storage Solutions Private Limited (WESSPL), a subsidiary of the publicly listed Waaree Energies Ltd., has announced the completion of a strategic funding round totalling approximately Rs 1,003 Crores. The investment was received from a consortium of strategic investors, including family offices, high-net-worth individuals (HNIs), and institutional backers. The capital infusion is part of a previously announced capital expenditure plan of roughly Rs 10,000 Crores. This funding…
Author: PPD Team Date: January 3, 2025 Vestas has announced new contracts totalling 134MW for wind turbine projects in Europe as part of its Q4 2024 order intake. In Italy, Vestas received a 26MW order from Alerion San Marco for the Valico Casone Cocca project. It will feature three V150-6.0 MW and two V117-4.2 MW turbines, with a ten-year Active Output Management (AOM) 4000 service agreement. Delivery is planned for Q4 2025, with commissioning in…
Author: PPD Team Date: October 28, 2025 Crompton Greaves Consumer Electricals has received a letter of award worth about Rs 4.45 billion from the New and Renewable Energy Development Corporation of Andhra Pradesh for 77.40 MWp of rooftop solar EPC projects under the PM Surya Ghar Muft Bijli Yojna. The contract covers the design, supply, installation, testing, and commissioning of 2 kW grid-connected rooftop solar systems for 38,699 scheduled caste and scheduled tribe households. These…
Author: PPD Team Date: January 15, 2025 Hinduja Renewables Energy Private Limited received a Letter of Award (LoA) on January 6, 2025, for the 600 MW Jhansi Solar Power Park Project in Uttar Pradesh. TUSCO Limited, a joint venture of UPNEDA and THDC India Limited, invited bids for Solar Power Developers (SPDs) in August 2024. The project involves constructing cable trays, internal drainage systems, 33kV cables, land levelling, and installing power generation equipment. It also…
Author: PPD Team Date: September 19, 2024 At the RE-Invest event in Gandhinagar, Gujarat, several renewable energy developers have made significant capacity creation commitments as part of their “Shapath Patra” agreements with the government. Reliance Industries (RIL) has pledged to set up 100,000 MW of additional renewable capacity by 2030, alongside manufacturing 20,000 MW per year of integrated solar PV and equivalent glass capacity. Other major commitments include: NTPC Ltd: 41,300 MW ReNew: 40,000 MW…