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: 22/11/2024 REPLUS Engitech has signed a Memorandum of Understanding (MoU) with Green Power Monitor (GPM) to deploy advanced AI-enabled Energy Management Systems (EMS) and Power Plant Controllers (PPC) in India and global markets. This collaboration aims to strengthen grid security, stability, and the integration of Battery Energy Storage Systems (BESS) with renewable energy solutions. GPM’s PPC, a sophisticated digital control system, manages active and reactive power, frequency, voltage, power factor, ramp…
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: 07/11/2024 IREL (India) Limited, a CPSU under India’s Department of Atomic Energy (DAE), has partnered with Kazakhstan’s Ust-Kamenogorsk Titanium and Magnesium Plant JSC (UKTMP) to establish IREUK Titanium Limited, a joint venture for producing titanium slag in Odisha, India. IREUK Titanium Limited will leverage IREL’s surplus ilmenite production in Odisha, with UKTMP providing the technology for titanium slag production, converting low-grade ilmenite into high-grade titanium feedstock. The collaboration benefits both nations:…
Author: PPD Team Date: 17/03/2025 The Expert Appraisal Committee (EAC) of the Ministry of Environment, Forest and Climate Change (MoEFCC), in its latest meeting, has recommended environmental clearance (EC) for the 3×800 MW Nabinagar Coal-Based Thermal Power Project Stage II and granted Terms of Reference (ToR) for the Thiruvallur Combined Cycle Thermal Power Project. Nabinagar Coal-Based Thermal Power Project Stage II Nabinagar Power Generation Company Private Limited (NPGCL), a joint venture (JV) between NTPC Limited…
Author: PPD Team Date: 31/12/2024 Power Grid Corporation of India Ltd (PGCIL) has sold its remaining 26% stake in four associate companies to Power Grid Infrastructure Investment Trust (PGInvIT) for Rs 5.07 billion. The transfer, completed on December 30, 2024, aligns with share purchase agreements involving PGCIL, IDBI Trusteeship Services Ltd, PUTL (Powergrid Unchahar Transmission Ltd), and the concerned entities. The four companies and the consideration received from each are: Powergrid Kala Amb Transmission Ltd:…
Author: PPD Team Date: 07/01/2025 The US Government is taking steps to lift restrictions on Indian nuclear entities to strengthen energy relations and reinforce the 2005 nuclear deal. US National Security Advisor Jake Sullivan stated that the US is finalizing efforts to remove long-standing regulations preventing civil nuclear cooperation between India’s top nuclear entities and US companies. Since the mid-2000s, the US and India have discussed the supply of US nuclear reactors to meet India’s…