Author: PPD Team Date: January 20, 2025
AZAD Engineering Limited has entered a long-term agreement with GE Vernova International LLC, USA, to supply advanced rotating and stationary airfoils for gas turbine engines.
Valued at approximately USD 112 million, the agreement will support GE Vernova’s global power generation needs and further solidify the strategic partnership between the two companies.
Author: PPD Team Date: April 28, 2025 CSE Development (India) Private Limited has commissioned several solar photovoltaic (PV) power projects at its 100 MWp solar park in Maharashtra on April 23, 2025. The power generated from these open access captive solar projects will be supplied to various clients, including fast-moving consumer goods (FMCG) companies and DRT-Anthea Aroma Chemicals Private Limited.
Author: PPD Team Date: October 18, 2024 Fatih Birol, executive director of the International Energy Agency (IEA), stated that with fossil fuel demand expected to peak within the next five years, the world is approaching a new “age of electricity.” In a recent press release, the Turkish economist highlighted that the surplus in oil and gas supplies could drive significant investments in green energy. Birol noted that in the latter half of this decade, the…
Author: PPD Team Date: November 26, 2024 Siemens Limited posted strong Q4 FY 2024 financial results, with a 45% increase in profit after tax to Rs 7.75 billion and an 11% revenue rise to Rs 58.94 billion. New orders grew by 37% to Rs 61.64 billion. For the financial year ending September 30, 2024, the company reported a 14% revenue increase to Rs 202.5 billion and a 39% rise in profit after tax to Rs…
Author: PPD Team Date: June 17, 2025 The Ministry of Coal opened bids for the 12th round of commercial coal block auctions on June 16, 2025. Out of 22 coal blocks offered (excluding six underground blocks), bids were received for 11 blocks. A total of 41 bids were submitted, both online and offline. These included 38 bids for 8 coal blocks under the 12th round and 3 bids for 3 blocks under the second attempt…
Author: PPD Team Date: May 16, 2025 The Ministry of Power has directed that all government offices, buildings, and residential colonies be equipped with prepaid smart meters by August 2025. The goal is to reduce AT&C (Aggregate Technical & Commercial) losses and improve billing accuracy. This was announced at the Western States Power Conference in Mumbai on 13 May. Union Power Minister Manohar Lal stressed cooperation between the Centre and States to meet the Viksit…
Author: PPD Team Date: October 24, 2024 Dominion Energy has completed the sale of a 50% non-controlling interest in its Coastal Virginia Offshore Wind (CVOW) commercial project to Stonepeak, an alternative investment firm. This transaction, first announced in February 2024, has provided Dominion Energy with $2.6 billion in proceeds, approximately half of the capital investment made in the project so far. Stonepeak will also finance half of the remaining project costs, following pre-disclosed conditions. Dominion…