Author: PPD Team Date: October 28, 2024
Adani Green Energy Limited (AGEL) reported a net profit of Rs 5.15 billion for the quarter ending September 2024, marking a 39% increase from Rs 3.71 billion in the same quarter last year.
The company’s total income rose by 30.39% to Rs 33.76 billion during this period, up from Rs 25.89 billion recorded in the corresponding quarter of the previous year.
Author: PPD Team Date: July 17, 2025 PNC Infratech Ltd has been selected as one of the lowest (L1) bidders in NHPC’s Tranche-XI auction to develop an interstate transmission system (ISTS)-connected solar power project with integrated energy storage. The company secured 300 MW of solar capacity and 150 MW/600 MWh of energy storage, quoting a tariff of Rs 3.13 per kWh. The auction, held under the tariff-based competitive bidding (TBCB) route with an e-reverse auction…
Author: PPD Team Date: January 21, 2025 Waaree Energies Limited has received a Letter of Award to supply 180 MW of solar modules, rated at 585/590 Wp, for a renewable energy project in India. The modules will be supplied to a well-established domestic customer, with delivery scheduled for the financial year 2025-26. Additionally, Waaree Energies has secured an order to supply 150 MWp of n-type TOPCon bifacial glass-glass solar modules, also rated at 585/590 Wp,…
Author: PPD Team Date: February 25, 2026 Philippines-based Aboitiz Power is in advanced talks to acquire a majority stake in Hyderabad-based renewable energy firm Fourth Partner Energy, according to sources. The proposed deal could be among the largest recent foreign acquisitions in India’s commercial and industrial (C&I) renewable segment. The transaction would allow early investors to partially exit. Current backers include TPG Rise, Norfund, the Asian Development Bank (ADB), the International Finance Corporation (IFC), and…
Author: PPD Team Date: October 22, 2025 Adani Power Limited (APL) and Bhutan’s state-owned Druk Green Power Corporation Ltd (DGPC) have formed a joint venture company to develop the 570 MW Wangchhu hydroelectric project in Bhutan. The new entity, Wangchhu Hydroelectric Power Limited (WHPL), was incorporated in Bhutan on October 15, 2025. The joint venture follows a shareholders’ agreement signed in September 2025. DGPC holds a 51% controlling stake, while Adani Power owns the remaining…
Author: PPD Team Date: August 20, 2025 Hinduja Group has outlined plans to expand its renewable energy capacity from the current 3 GW to over 10 GW by 2030. The company will invest between USD 3 billion and USD 4 billion across solar, wind, hybrid projects, and battery energy storage systems. The group said funding will be structured with a debt-to-equity ratio of around 70:30. While expanding its renewable portfolio, it will continue operating its…
Author: PPD Team Date: December 18, 2025 Power Grid Corporation of India Limited (POWERGRID) announced two developments on 17 December 2025. The company’s Board of Directors approved an investment of Rs 1,226.93 crore for the refurbishment of the Bhadrawati Chandrapur high voltage direct current (HVDC) back to back system. POWERGRID also confirmed the commissioning of the Western Region Expansion Scheme Twenty Five (WRES XXV) transmission project. At its board meeting held on 17 December 2025,…