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Solex Energy and Advait Energy report FY 2024–25 performance
Solex Energy Limited reported a total income of Rs 6.658 billion for FY 2024–25, up 81 per cent from Rs 3.680 billion in FY 2023–24. Profit after tax surged to Rs 427.9 million, a 390 per cent increase from Rs 87.3 million. Earnings per share (EPS) rose to Rs 43.82, reflecting a 301 per cent…
KPI Green signs deal with Coal India for 300 MW solar project
KPI Green Energy has signed a contract with Coal India for the development of a 300 MWAC grid-connected solar photovoltaic (PV) plant at the Gujarat Industries Power Company (GIPCL) Solar Park in Khavda, Gujarat. The total contract value is Rs 13.11 billion, covering both the development and operation & maintenance (O&M) services for five years….
Gentari plans to sell up to 50% stake in India renewables unit
Gentari is planning to divest up to 50 per cent stake in its India operations. The move could become one of the largest green energy transactions in the country. The company has appointed Standard Chartered Bank as the transaction advisor. Gentari’s India portfolio includes 4 GW of operational renewable assets, another 4 GW under construction,…
MSEDCL issues guidelines for smart meter installation for HT consumers
Maharashtra State Electricity Distribution Co. Ltd (MSEDCL) has issued guidelines for installing smart meters at specific HT metering points. The directive defines where smart meters are required, lists exemptions, and sets a three day timeline for certain replacements. The directive states that all HT billing meters with ABT and Net Metering facilities, including Open Access…
CEA issues guidelines for benchmarking operation and maintenance norms for distribution utilities
The Central Electricity Authority (CEA) has released the “Guidelines for Benchmarking of Operation & Maintenance (O&M) Norms for Distribution Utilities” to standardize O&M practices across the sector. The guidelines cover a wide range of areas, including equipment maintenance, cost optimization, and technology adoption. Key highlights: Benchmarking Process & Maintenance Practices: Defines the benchmarking process to…
India plans to double nuclear power capacity to 14 GW by 2029
India’s Department of Atomic Energy (DAE) aims to nearly double the country’s nuclear power capacity by 2029. DAE secretary and Atomic Energy Commission chairman, AK Mohanty, shared this plan during a press conference at Devi Ahilya Vishwavidyalaya. Currently, India’s nuclear power capacity is around 8.2 gigawatts (GW), and in the next five years, the country…
