Author: PPD Team Date: November 14, 2024
Coal India Limited (CIL) has reported a net profit of Rs 62.75 billion for the quarter ending September 2024, marking a 22.04% decrease from Rs 80.49 billion in the same quarter last year.
The company’s total income for the quarter stood at Rs 321.78 billion, down approximately 7.43% from Rs 347.60 billion in the corresponding period of the previous year.
Author: PPD Team Date: November 21, 2024 India’s first 800-MW advanced ultra-supercritical (AUSC) thermal power plant will be established in Korba, Chhattisgarh. The project is a collaboration between NTPC and BHEL, with support from the Indira Gandhi Centre for Atomic Research. In July 2024, Finance Minister Nirmala Sitharaman announced the joint effort by NTPC and BHEL to develop this innovative thermal power plant. The technology, indigenously developed through joint research and development, will be deployed…
Author: PPD Team Date: July 7, 2025 KPI Green Energy Limited has incorporated a new special purpose vehicle (SPV), KPIN Clean Power Two LLP, on June 28, 2025. The SPV has been formed to implement renewable energy (RE) projects across India. The new entity will be involved in generating, developing, transmitting, and supplying power using solar, wind, or other renewable sources. It will also have the capacity to sell electricity on a commercial basis and…
Author: PPD Team Date: November 21, 2024 REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has announced the incorporation of two new wholly owned subsidiaries: Mahan Transmission Limited and Kurnool-IV Transmission Limited. Mahan Transmission Limited will oversee the Transmission System for Evacuation of 1230 MW Power (MPPTCL portion) from the 2×800 MW thermal power project of Mahan Energen Ltd. Kurnool-IV Transmission Limited will manage the Transmission System for Integration…
Author: PPD Team Date: October 15, 2024 Saatvik Green Energy has secured a contract with Maharashtra State Power Generation Co. Ltd (MAHAGENCO) to supply 200 MW of n-type TOPCon 580 Wp modules to various locations across Maharashtra. The total value of the order is estimated at INR 30.2 billion. With a module manufacturing capacity of 3.8 GW as of FY24-25, Saatvik is strategically expanding and developing PV modules with advanced zero-busbar and 24-busbar technology. The…
Author: PPD Team Date: March 19, 2025 The UK Government and Odisha Energy Department are collaborating to accelerate Odisha’s transition to net zero. The collaboration focuses on clean energy, industrial decarbonisation, and urban sustainability, with plans to add 10.9 GW of renewable energy by 2029-30. Odisha has also set intermediary energy transition targets for 2036 and 2047. Key initiatives include expanding renewable energy, modernising the grid, and introducing electric vehicles (EVs) and hydrogen buses for…
Author: PPD Team Date: August 1, 2025 Central agencies have cancelled 11,400 MW of renewable energy tenders since April 2023 due to low participation, high tariffs, and withdrawal by end-procurers. Minister of State for New and Renewable Energy Shripad Yesso Naik said SECI, NTPC, NHPC, and SJVN issued the tenders. As of June 2025, these agencies have issued Letters of Award for 43,922 MW, but Power Sale Agreements (PSAs) remain unsigned for much of this…