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Goldi Solar secures Rs 14.22 billion funding to boost manufacturing capacity
Goldi Solar has raised Rs 14.22 billion in fresh funding to expand its solar manufacturing footprint. The round was led by Havells India Limited, with participation from a group of institutional and strategic investors. The consortium includes Ambit Global Private Client, Nikhil Kamath, Shahi Exports Private Limited, SRF Transnational Holdings Limited, and several private investment…
Suzlon and NTPC report financial results for December 2024 quarter
Suzlon Group’s net profit surged by 91% year-on-year, reaching Rs 3.88 billion. The company achieved its highest-ever quarterly deliveries, totalling 447 MW, bringing its nine-month total to 977 MW. Revenue for the quarter grew by 42% from the previous quarter and 94% from the same period last year, amounting to $2.97 billion. Suzlon’s EBITDA increased…
Sebi uncovers Rs 173 crore insider trading in IEX shares
The Securities and Exchange Board of India (Sebi) has uncovered insider trading worth over Rs 173 crore in shares of the Indian Energy Exchange (IEX) and barred eight people from the market after search operations last month. Sebi found that confidential details from Central Electricity Regulatory Commission (CERC) meetings on market coupling were leaked and…
Energy in Motion signs MoU to deploy 1,000 electric trucks
Energy in Motion Limited (EIM), an associate venture of Ravindra Energy Limited, has signed a Memorandum of Understanding (MoU) with EV leasing platform Drivin to deploy around 1,000 heavy-duty electric trucks across India over the next two years. The partnership aims to build an integrated ecosystem to reduce entry barriers for fleet operators shifting to…
Huasun Energy to supply 1 GW of HJT solar modules for Power China’s offshore PV project
Huasun Energy has secured a 1 GW contract to supply its n-type heterojunction (HJT) solar modules to Power China for offshore solar projects in Aoshan Bay, Jimo District, Qingdao, Shandong Province. Known for challenging soft soil conditions, the region requires modules with high water resistance, corrosion protection, and durability. Huasun’s G12-132 V-Ocean HJT solar modules,…
Waaree Energies and KEC International post Q1 results
Waaree Energies and KEC International have reported strong financial performance for the first quarter, driven by improved profitability and healthy revenue growth. Waaree Energies posted a 20.3 per cent sequential rise in net profit to Rs 745 crore, compared to Rs 619 crore in the previous quarter. Revenue rose 10.5 per cent quarter-on-quarter to Rs…
