Author: PPD Team Date: 28/10/2024
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: 10/03/2025 Kalpataru Projects International Limited (KPIL) and its international subsidiaries have secured new orders worth Rs 23.06 billion. The contracts include transmission and distribution (T&D) projects in overseas markets and building projects in India. With these latest deals, KPIL’s total order intake for 2024-2025 has reached approximately Rs 225 billion. KPIL reported a net profit of Rs 1.4 billion for Q3 FY25, reflecting a 2.78 percent decline from Rs 1.44 billion…
Author: PPD Team Date: 06/03/2025 EDF Renewables North America and Abu Dhabi Future Energy Company (Masdar) have signed a power purchase agreement (PPA) with data center developer Soluna Holdings. Under this agreement, Soluna will purchase up to 166 MW of energy from the Las Majadas wind project to power its upcoming data center, Project Kati, near the wind project’s substation in Willacy County, Texas. The 273 MW Las Majadas wind farm has been operational since…
Author: PPD Team Date: 21/11/2024 Torrent Power has unveiled a capital expenditure plan of Rs 1.1 trillion over the next eight years, emphasizing renewable energy and energy storage initiatives. More than 63% of this investment is earmarked for the renewable energy sector, underscoring the company’s dedication to India’s clean energy transition. Vice President Jinal Mehta detailed these plans during a panel discussion at the State Bank of India’s banking conclave. He highlighted Torrent Power’s strategy…
Author: PPD Team Date: 23/12/2024 Lloyd Metals and Energy Limited plans to form two special purpose vehicles (SPVs) with Amplus Energy Solutions and Hinduja Renewables Energy for procuring 100 MW solar power for its captive use. The company will invest Rs 250 million and Rs 270 million to acquire a 26 per cent stake in the SPVs with Amplus Energy and Hinduja Renewables, respectively. The SPVs will develop and operate captive solar plants, ensuring sustainability…
Author: PPD Team Date: 29/01/2025 Chevron USA and Engine No.1 have joined forces to create a new company for developing natural gas-fired power plants to support US-based AI data centres, in collaboration with GE Vernova. This initiative addresses the increasing demand for affordable and reliable energy essential for AI development in the US. The project aims to deliver up to 4GW of power by 2027, with the potential for future growth. The first multi-gigawatt-scale power…
Author: PPD Team Date: 28/03/2025 India’s transition to clean energy and sustainable financing gained momentum today with three significant developments across the solar, electric vehicle (EV), and renewable power sectors. Luminous Power Technologies partnered with the State Bank of India (SBI) to enhance solar financing access, Shriram Finance Limited secured a $150 million loan from the Asian Development Bank (ADB) to expand EV financing, and Oil and Natural Gas Corporation Limited (ONGC) committed Rs 33…