Author: PPD Team Date: 25/10/2024
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: 14/10/2024 Eaton’s newly expanded 120,000 sqft electrical manufacturing facility in Puducherry was inaugurated on October 11, 2024, by Chairman and CEO Craig Arnold. The facility includes a 100,000 sqft shop floor for power distribution products and 20,000 sqft for utilities and supporting infrastructure. This expansion, extending Eaton’s manufacturing footprint in Puducherry to over 2.6 lakh sqft, aims to double production capacity. The facility will produce key products such as air circuit…
Author: PPD Team Date: 23/05/2025 Power Finance Corporation (PFC) Limited reported a 15 per cent rise in its consolidated profit after tax (PAT) for FY 2024-25, reaching Rs 305.14 billion, up from Rs 264.61 billion in the previous year. The company’s loan asset book rose by 12 per cent, from Rs 9,908.2 billion to Rs 11,099.96 billion as of March 31, 2025. PFC’s consolidated net worth, including non-controlling interest, grew by 16 per cent to…
Author: PPD Team Date: 24/12/2024 The Central Electricity Regulatory Commission (CERC) has issued the CERC (Deviation Settlement Mechanism and Related Matters) (First Amendment) Regulations, 2024. The amendment addresses implementation challenges and refines operational procedures for solar projects. Under the updated guidelines, solar projects must conduct trial runs with a minimum capacity of 50 megawatts (MW). Projects exceeding 50 MW can complete trial runs in up to four instalments. For projects with a capacity of 250…
Author: PPD Team Date: 26/12/2024 Refex Renewables & Infrastructure Limited has issued 105 senior, secured, unrated, unlisted, and taxable non-convertible debentures (NCDs) through private placement. The NCDs, with an aggregate value of Rs 1.05 billion, were allotted to the Northern Arc Emerging Corporates Bond Trust. They have a tenure of 20 months, starting from December 23, 2024, and maturing on July 30, 2026. The debentures carry an annual interest rate of 14.25 per cent, with…
Author: PPD Team Date: 16/09/2024 Tata Consultancy Services (TCS) is collaborating with Tata Electronics to introduce India’s first domestically produced semiconductor chips by 2026. Tata Electronics is leading the manufacturing efforts, targeting industries such as automotive, electronics, power, consumer goods, and healthcare. TCS will contribute through semiconductor design, engineering, and related services, including software solutions and IP-based products. The India Semiconductor Mission (ISM) has approved three semiconductor manufacturing facilities, including two led by Tata Electronics:…
Author: PPD Team Date: 26/11/2024 Eminent Electricity Distribution, a subsidiary of CESC under the RP-Sanjiv Goenka Group, has secured a letter of intent (LoI) to acquire 100 per cent equity in Chandigarh’s electricity distribution and retail supply company for Rs 8.71 billion. This marks a major step in the privatisation of power distribution in the union territory, following nearly three years of delays. CESC won the tender in 2021, emerging as the highest bidder in…
Author: PPD Team Date: 14/10/2024 Eaton’s newly expanded 120,000 sqft electrical manufacturing facility in Puducherry was inaugurated on October 11, 2024, by Chairman and CEO Craig Arnold. The facility includes a 100,000 sqft shop floor for power distribution products and 20,000 sqft for utilities and supporting infrastructure. This expansion, extending Eaton’s manufacturing footprint in Puducherry to over 2.6 lakh sqft, aims to double production capacity. The facility will produce key products such as air circuit…
Author: PPD Team Date: 23/05/2025 Power Finance Corporation (PFC) Limited reported a 15 per cent rise in its consolidated profit after tax (PAT) for FY 2024-25, reaching Rs 305.14 billion, up from Rs 264.61 billion in the previous year. The company’s loan asset book rose by 12 per cent, from Rs 9,908.2 billion to Rs 11,099.96 billion as of March 31, 2025. PFC’s consolidated net worth, including non-controlling interest, grew by 16 per cent to…
Author: PPD Team Date: 24/12/2024 The Central Electricity Regulatory Commission (CERC) has issued the CERC (Deviation Settlement Mechanism and Related Matters) (First Amendment) Regulations, 2024. The amendment addresses implementation challenges and refines operational procedures for solar projects. Under the updated guidelines, solar projects must conduct trial runs with a minimum capacity of 50 megawatts (MW). Projects exceeding 50 MW can complete trial runs in up to four instalments. For projects with a capacity of 250…
Author: PPD Team Date: 26/12/2024 Refex Renewables & Infrastructure Limited has issued 105 senior, secured, unrated, unlisted, and taxable non-convertible debentures (NCDs) through private placement. The NCDs, with an aggregate value of Rs 1.05 billion, were allotted to the Northern Arc Emerging Corporates Bond Trust. They have a tenure of 20 months, starting from December 23, 2024, and maturing on July 30, 2026. The debentures carry an annual interest rate of 14.25 per cent, with…
Author: PPD Team Date: 16/09/2024 Tata Consultancy Services (TCS) is collaborating with Tata Electronics to introduce India’s first domestically produced semiconductor chips by 2026. Tata Electronics is leading the manufacturing efforts, targeting industries such as automotive, electronics, power, consumer goods, and healthcare. TCS will contribute through semiconductor design, engineering, and related services, including software solutions and IP-based products. The India Semiconductor Mission (ISM) has approved three semiconductor manufacturing facilities, including two led by Tata Electronics:…
Author: PPD Team Date: 26/11/2024 Eminent Electricity Distribution, a subsidiary of CESC under the RP-Sanjiv Goenka Group, has secured a letter of intent (LoI) to acquire 100 per cent equity in Chandigarh’s electricity distribution and retail supply company for Rs 8.71 billion. This marks a major step in the privatisation of power distribution in the union territory, following nearly three years of delays. CESC won the tender in 2021, emerging as the highest bidder in…
Author: PPD Team Date: 14/10/2024 Eaton’s newly expanded 120,000 sqft electrical manufacturing facility in Puducherry was inaugurated on October 11, 2024, by Chairman and CEO Craig Arnold. The facility includes a 100,000 sqft shop floor for power distribution products and 20,000 sqft for utilities and supporting infrastructure. This expansion, extending Eaton’s manufacturing footprint in Puducherry to over 2.6 lakh sqft, aims to double production capacity. The facility will produce key products such as air circuit…
Author: PPD Team Date: 23/05/2025 Power Finance Corporation (PFC) Limited reported a 15 per cent rise in its consolidated profit after tax (PAT) for FY 2024-25, reaching Rs 305.14 billion, up from Rs 264.61 billion in the previous year. The company’s loan asset book rose by 12 per cent, from Rs 9,908.2 billion to Rs 11,099.96 billion as of March 31, 2025. PFC’s consolidated net worth, including non-controlling interest, grew by 16 per cent to…