Author: PPD Team Date: 28/04/2025
CSE Development (India) Private Limited has commissioned several solar photovoltaic (PV) power projects at its 100 MWp solar park in Maharashtra on April 23, 2025.
The power generated from these open access captive solar projects will be supplied to various clients, including fast-moving consumer goods (FMCG) companies and DRT-Anthea Aroma Chemicals Private Limited.
Author: PPD Team Date: 12/05/2025 NLC India Renewables Limited (NIRL) and Assam Power Distribution Company Limited (APDCL) have incorporated a joint venture company named “NIRL Assam Renewables Limited” to develop renewable energy (RE) projects in Assam. NIRL, a wholly-owned subsidiary of NLC India Limited, will hold a 51% equity stake in the JV, while APDCL will hold 49%. The joint venture will be responsible for the development, operation, and maintenance of RE power projects across…
Author: PPD Team Date: 12/05/2025 REC Limited reported a net profit of Rs 158.84 billion in FY 2024-25, marking a 12.29 per cent increase from Rs 141.45 billion in the previous year. Total income rose by 18.63 per cent to Rs 564.34 billion, compared to Rs 475.71 billion in FY 2023-24. The company recorded disbursements of Rs 1,911.85 billion in FY 2024-25, up 18 per cent from Rs 1,614.62 billion last year. Net interest income…
Author: PPD Team Date: 07/11/2024 Oracle Power and joint venture Oracle Energy have completed a crucial transmission and grid interconnection study for their 1.3GW hybrid renewable power plant in Jhimpir, Sindh province, Pakistan. Conducted by Power Planners International (PPI) and funded by State Grid China, the study assessed the technical feasibility of connecting the plant to the 220kV Jhimpir-II grid station. This hybrid plant will integrate 800MW of solar and 500MW of wind power, supported…
Author: PPD Team Date: 03/12/2024 Gujarat Urja Vikas Nigam Limited (GUVNL) has announced the results of its 500 MW/1,000 MWh standalone battery energy storage systems (BESS) auction under Phase IV. H.G Infra Engineering secured 250 MW at Rs 225,985/MW/month, while Advait Infratech won 50 MW at Rs 226,000/MW/month. Kintech Synergy and Bhilwara Energy were awarded 100 MW each, quoting tariffs of Rs 225,985/MW/month and Rs 225,993/MW/month, respectively. The tender, initially floated in October 2024 for…
Author: PPD Team Date: 04/06/2025 Waaree Renewable Energy Technologies Limited has received a Letter of Award (LoA) worth Rs 3,463.3 million from Purvah Green Power Private Limited, a subsidiary of CESC Limited. The contract, awarded on June 2, 2025, is for engineering, procurement and construction (EPC) of 300 MW / 435 MWp Inter-State Transmission System (ISTS)-connected solar power projects in Bikaner, Rajasthan. The project was awarded through tariff-based competitive bidding (TBCB). Waaree’s scope includes design,…
Author: PPD Team Date: 12/11/2024 Nexans has agreed to sell AmerCable, its Arkansas-based subsidiary specializing in power, control, and instrumentation cables for harsh environments, to Mattr for an enterprise value of $280 million. Known for its durable cables widely used in mining and oil and gas industries, AmerCable has been a key player in the power cable sector since 1922 and employs over 300 people. This sale aligns with Nexans’ strategy to focus on electrification,…
Author: PPD Team Date: 12/05/2025 NLC India Renewables Limited (NIRL) and Assam Power Distribution Company Limited (APDCL) have incorporated a joint venture company named “NIRL Assam Renewables Limited” to develop renewable energy (RE) projects in Assam. NIRL, a wholly-owned subsidiary of NLC India Limited, will hold a 51% equity stake in the JV, while APDCL will hold 49%. The joint venture will be responsible for the development, operation, and maintenance of RE power projects across…
Author: PPD Team Date: 12/05/2025 REC Limited reported a net profit of Rs 158.84 billion in FY 2024-25, marking a 12.29 per cent increase from Rs 141.45 billion in the previous year. Total income rose by 18.63 per cent to Rs 564.34 billion, compared to Rs 475.71 billion in FY 2023-24. The company recorded disbursements of Rs 1,911.85 billion in FY 2024-25, up 18 per cent from Rs 1,614.62 billion last year. Net interest income…
Author: PPD Team Date: 07/11/2024 Oracle Power and joint venture Oracle Energy have completed a crucial transmission and grid interconnection study for their 1.3GW hybrid renewable power plant in Jhimpir, Sindh province, Pakistan. Conducted by Power Planners International (PPI) and funded by State Grid China, the study assessed the technical feasibility of connecting the plant to the 220kV Jhimpir-II grid station. This hybrid plant will integrate 800MW of solar and 500MW of wind power, supported…
Author: PPD Team Date: 03/12/2024 Gujarat Urja Vikas Nigam Limited (GUVNL) has announced the results of its 500 MW/1,000 MWh standalone battery energy storage systems (BESS) auction under Phase IV. H.G Infra Engineering secured 250 MW at Rs 225,985/MW/month, while Advait Infratech won 50 MW at Rs 226,000/MW/month. Kintech Synergy and Bhilwara Energy were awarded 100 MW each, quoting tariffs of Rs 225,985/MW/month and Rs 225,993/MW/month, respectively. The tender, initially floated in October 2024 for…
Author: PPD Team Date: 04/06/2025 Waaree Renewable Energy Technologies Limited has received a Letter of Award (LoA) worth Rs 3,463.3 million from Purvah Green Power Private Limited, a subsidiary of CESC Limited. The contract, awarded on June 2, 2025, is for engineering, procurement and construction (EPC) of 300 MW / 435 MWp Inter-State Transmission System (ISTS)-connected solar power projects in Bikaner, Rajasthan. The project was awarded through tariff-based competitive bidding (TBCB). Waaree’s scope includes design,…
Author: PPD Team Date: 12/11/2024 Nexans has agreed to sell AmerCable, its Arkansas-based subsidiary specializing in power, control, and instrumentation cables for harsh environments, to Mattr for an enterprise value of $280 million. Known for its durable cables widely used in mining and oil and gas industries, AmerCable has been a key player in the power cable sector since 1922 and employs over 300 people. This sale aligns with Nexans’ strategy to focus on electrification,…
Author: PPD Team Date: 12/05/2025 NLC India Renewables Limited (NIRL) and Assam Power Distribution Company Limited (APDCL) have incorporated a joint venture company named “NIRL Assam Renewables Limited” to develop renewable energy (RE) projects in Assam. NIRL, a wholly-owned subsidiary of NLC India Limited, will hold a 51% equity stake in the JV, while APDCL will hold 49%. The joint venture will be responsible for the development, operation, and maintenance of RE power projects across…
Author: PPD Team Date: 12/05/2025 REC Limited reported a net profit of Rs 158.84 billion in FY 2024-25, marking a 12.29 per cent increase from Rs 141.45 billion in the previous year. Total income rose by 18.63 per cent to Rs 564.34 billion, compared to Rs 475.71 billion in FY 2023-24. The company recorded disbursements of Rs 1,911.85 billion in FY 2024-25, up 18 per cent from Rs 1,614.62 billion last year. Net interest income…