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.
Servotech Power Systems has rebranded as Servotech Renewable Power System, signalling its shift to renewable energy. The new name reflects the company’s focus on solar products, EV chargers, and sustainable energy solutions. Founder & Managing Director Raman Bhatia highlighted the company’s commitment to clean energy, stating, “Our future is in green energy.”
Larsen & Toubro (L&T) has secured land in Kandla, Gujarat, for setting up green hydrogen and green ammonia production facilities. The initiative will be developed through L&T Green Energy Kandla Private Limited, a new entity incorporated in April 2025, under its wholly-owned subsidiary, L&T Energy Green Tech Limited. The company will focus on producing green…
Power Grid Corporation of India Limited (POWERGRID) has been declared the successful bidder for the “WR-ER Inter-Regional Network Expansion Scheme Part-A” transmission project. The project was awarded through the Tariff-Based Competitive Bidding (TBCB) route on a Build, Own, Operate, and Transfer (BOOT) basis, with REC Power Development and Consultancy Limited (RECPDCL) acting as the Bid…
Masdar and Albania’s Korporata Elektroenergjitike Shqiptare (KESH) have signed a term sheet agreement to jointly explore gigawatt-scale renewable energy projects in Albania. This collaboration will focus on developing, constructing, and operating solar, wind, and hybrid energy projects, with potential integration of battery storage to enhance Albania’s clean energy infrastructure. The generated energy will serve both…
REC Limited has appointed Rajiv Ranjan Jha as the Nominee Director of Power Finance Corporation Limited (PFC) on its Board, with effect from April 6, 2026. The appointment follows an order issued by the Ministry of Power. The approval has been granted under Clause 5.1 of the Share Purchase Agreement signed on March 20, 2019,…
Raychem RPG has become the first Indian manufacturer to earn the E3, C3, and F1 certifications for its cast resin transformers (CRTs). The certification was awarded after rigorous testing at CESI laboratories in Italy. CESI is renowned for its advanced testing facilities, including KEMA Labs, which is known for its high-power laboratory capabilities. In a…