India

The Central Electricity Authority (CEA) of India has issued a draft amendment to the “Manual on Transmission Planning Criteria, 2023,” which took effect on April 1, 2023. This document outlines the planning procedures and criteria for developing India’s electricity transmission system. The amendment introduces a new chapter detailing procedures for planning electric power transmission systems and updates parameters for certain conductors. It aims to enhance the planning and development of a reliable, efficient, and economical…

Shakti Pumps (India) Ltd announced it has received a Letter of Intent (LoI) from the Department of Agriculture, Uttar Pradesh, for the supply, installation, and commissioning of 12,537 solar water pumps across the state. The contract, valued at approximately Rs 5.58 billion, was awarded under Component-B of the PM-KUSUM scheme (Phase-III). The project is to be completed within 120 days from the issuance of the letters of proceed. Under Component-B of the PM-KUSUM Scheme, individual…

HPL Electric & Power Ltd announced that its outstanding order book as of July 30, 2024, stands at over Rs. 37 billion. This substantial order book indicates a strong pipeline, ensuring sustained revenue generation and growth opportunities for the company. The company has bolstered its leadership in the smart metering sector, reporting a 35.67% year-on-year increase in revenue from its Metering, Systems & Services segment. This growth is attributed to a steady flow of orders…

Power Grid Corporation of India Ltd (PGCIL) has increased its FY25 capital expenditure (capex) target to Rs 180 billion, up from the previous Rs 150 billion, marking the highest capex since FY20. In the first quarter of FY25, PGCIL achieved a capex of Rs. 4.62 billion and capitalized Rs 2.32 billion, with Rs 1.35 billion from Regulated Tariff Mechanism (RTM) projects and Rs. 972 crore from Tariff Based Competitive Bidding (TBCB) projects. During this period,…

Bharat Heavy Electricals Ltd (BHEL) has reported an order inflow of nearly Rs. 9,500 crore in the first quarter of FY25 (April to June 2024), with a significant focus on power sector-related mandates. In an investor presentation, BHEL detailed that it received orders worth Rs. 94.88 billion during Q1FY25. The domestic power sector accounted for Rs. 85 billion, or nearly 90% of the total orders. The remaining Rs 9.88 billion came from the industry sector…

India’s Orient Electric reported a 27% fall in first-quarter profit, with higher expenses outweighing increased sales of fans and coolers amid the country’s scorching heat. The company’s profit decreased to Rs 143.4 million for the quarter, down from Rs 196.9 million a year earlier. Revenue from operations grew by 7% to Rs 7.55 billion.

Servotech Power Systems Ltd., a leading manufacturer of Electric Vehicle (EV) chargers, solar solutions, and power-backup solutions, has announced its quarterly results. The company’s net profit after tax (PAT) in the first quarter of FY2024-25 was Rs 44.8 million, up from Rs 41.0 million in the same quarter last year. Key Highlights of the Quarterly Results: Consolidated Highlights Total Revenue: Grew by 41 per cent in Q1 FY25 to Rs 1.12 billion from Rs 798.1…

The Ministry of Environment, Forest and Climate Change (MoEFCC) has granted Stage-II clearance under the Forest Conservation Act (FCA) to the Shongtong Hydro Electric Project in Himachal Pradesh’s Kinnaur district. The approval, pending since 2018, was essential for using approximately 17 acres of land for the 450 MW Shongtong Karchham Hydro Electric Project. The Stage-I clearance was initially granted on March 19, 2024. Following this, the state government submitted a compliance report and requested final…

NTPC Renewable Energy Limited (NREL), a subsidiary of NTPC Limited, is developing a 630 MW solar project in Barethi, Chhatarpur district, in Khajuraho. The project, executed under the Engineering, Procurement & Construction (EPC) mode, has been sanctioned by the Ministry of New & Renewable Energy (MNRE) under the Solar Parks scheme. The land for the project has been transferred to NREL. Notice Inviting Tender (NIT) for the EPC Package and Pooling Substation Package have been…

Currently, Flue Gas Desulfurization (FGD) systems are being installed in 537 units across coal-based thermal power plants in India. Of these, 39 units with a capacity of 19,430 megawatts (MW) have completed installation. Contracts have been awarded and are under implementation for 238 units (105,200 MW), 139 units (42,847 MW) are in various stages of the tendering process, and 121 units (36,683 MW) are in the pre-tendering process. The breakdown of completed FGD installations is…