Author: PPD Team Date: 14/11/2024
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: 19/06/2025 Uttarakhand Jal Vidyut Nigam Limited (UJVN) has re-invited bids for the Tiuni Plasu Hydro Electric Project. The tender, issued on June 17, 2025, calls for civil, hydro-mechanical (H&M), and electro-mechanical (E&M) works. The last date for bid submission is July 14, 2025. A similar tender was floated earlier in February 2025. The project involves the construction of a 72 MW (2×36 MW) hydro power plant in Tehsil Tiuni, Dehradun district,…
Author: PPD Team Date: 01/03/2025 JSW Energy has won a 125 MW/500 MWh standalone battery energy storage system (BESS) auction in Kerala. The project, awarded by the Solar Energy Corporation of India (SECI), will be connected to the Mylatti 220 kV substation in Kasaragod. JSW Energy secured the project at a tariff of Rs 441,000 per MW per month and qualifies for viability gap funding of Rs 2.7 million per MWh or 30 per cent…
Author: PPD Team Date: 30/01/2025 NTPC Ltd. has announced plans to establish a CO2 battery energy storage project in collaboration with Triveni Turbine Ltd. and Energy Dome, Italy. NETRA, NTPC’s R&D wing, will manage the project. The 160 MWHr CO2 battery will be installed at NTPC’s Kudgi station in Karnataka. This initiative is part of NTPC’s strategy to diversify its energy portfolio and increase renewable power generation. It also aligns with the Government of India’s…
Author: PPD Team Date: 25/04/2025 Bharat Heavy Electricals Limited (BHEL) issued a tender on April 23, 2025, for engaging a project management consultancy (PMC) firm for five thermal power projects. Bids have been invited in two packages, with a submission deadline of May 5, 2025. Package I covers three sub-packages: Package A includes the 800 MW Deen Bandhu Chhotu Ram Power Expansion Project in Yamunanagar, Haryana. Developed by Haryana Power Generation Corporation Limited (HPGCL), the…
Author: PPD Team Date: 22/11/2024 Tata Power has signed a Memorandum of Understanding (MoU) with the Asian Development Bank (ADB) during COP29 in Baku, Azerbaijan. The partnership will evaluate financing for strategic projects aimed at enhancing India’s power infrastructure and promoting renewable energy. The MoU includes projects such as a 966 MW solar-wind hybrid system, pumped hydro storage, energy transition initiatives, decarbonization, and battery storage, alongside ongoing investments to modernize Tata Power’s distribution networks. The…
Author: PPD Team Date: 02/12/2024 The COP29 summit in Baku, Azerbaijan, concluded with the adoption of the Baku Finance Goal (BFG), which commits developed nations to mobilize $300 billion annually by 2035 and aims for $1.3 trillion in long-term climate finance for developing countries. The agreement also finalized Article 6 negotiations, enabling high-integrity carbon markets expected to generate $1 trillion annually by 2050. India rejected the deal, deeming it inadequate and inequitable, citing its failure…