Author: PPD Team Date: 29/10/2024
Gensol Engineering Limited has reported a net profit of Rs 228.9 million for the quarter ending September 2024, marking a 28.96% increase from Rs 177.5 million in the same quarter last year.
The company’s total income rose by 13.76% to Rs 3,468.2 million, up from Rs 3,048.7 million in the corresponding period of the previous year, reflecting steady growth in its financial performance.
Author: PPD Team Date: 12/05/2025 The Ministry of Coal (MoC) has signed coal gasification plant development and production agreements (CGPDPA) with three entities under Category II of the coal gasification financial incentive scheme. The selected companies are Jindal Steel and Power Limited, New Era Cleantech Solution Private Limited, and Greta Energy and Metal Private Limited. Launched on January 24, 2024, the scheme has a total outlay of Rs 85 billion. It aims to facilitate 100…
Author: PPD Team Date: 30/12/2024 Hero Future Energies (HFE) has commissioned a 29 MW solar power project in Chitradurga, Karnataka, which will generate 33 million units of clean energy annually and reduce carbon dioxide emissions by 31,624 tonnes each year. This open-access solar project caters to the Commercial and Industrial (C&I) sector’s energy needs. Srivatsan Iyer, Global CEO of HFE, highlighted the project’s role in expanding the company’s footprint in Karnataka and supporting industrial decarbonisation….
Author: PPD Team Date: 11/06/2025 IndiGrid has signed definitive agreements to acquire two operational infrastructure assets from ReNew Power in separate transactions. The combined enterprise value of the deals stands at approximately Rs 21.75 billion, including net working capital and cash adjustments. The first acquisition is a 300 MW AC solar power project located in Barmer, Rajasthan. The project—ReNew Solar Aayan Private Limited—was commissioned in March 2024 under SECI Tranche-IX. It operates under a 25-year…
Author: PPD Team Date: 06/12/2024 TKIL Industries Private Limited has partnered with Switzerland-based SoHHytec SA to introduce advanced hydrogen production technology in India. The partnership grants TKIL exclusive rights to manufacture and deploy SoHHytec’s artificial photosynthesis technology, which harnesses solar and wind energy to produce hydrogen efficiently.
Author: PPD Team Date: 22/09/2024 The US Department of the Interior (DOI) will hold its first offshore wind energy lease auction for the Gulf of Maine on 29 October 2024. The auction will offer leases for eight areas off the coasts of Massachusetts, New Hampshire, and Maine, with the potential to generate 13 GW of power, enough to supply 4.5 million homes. The Bureau of Ocean Energy Management (BOEM) reduced the available acreage by 120,000…
Author: PPD Team Date: 11/12/2024 The Maharashtra Electricity Regulatory Commission (MERC) and Global Energy Alliance for People and Planet (GEAPP) have signed a Statement of Intent (SoI) to support Maharashtra’s energy transition through regulatory and policy innovations. The initiative will explore areas such as grid management, renewable energy integration, demand flexibility, energy efficiency, and tariff rationalization. The collaboration builds on a prior partnership between GEAPP and NITI Aayog, aiming to enhance transformative actions at the…
Author: PPD Team Date: 12/05/2025 The Ministry of Coal (MoC) has signed coal gasification plant development and production agreements (CGPDPA) with three entities under Category II of the coal gasification financial incentive scheme. The selected companies are Jindal Steel and Power Limited, New Era Cleantech Solution Private Limited, and Greta Energy and Metal Private Limited. Launched on January 24, 2024, the scheme has a total outlay of Rs 85 billion. It aims to facilitate 100…
Author: PPD Team Date: 30/12/2024 Hero Future Energies (HFE) has commissioned a 29 MW solar power project in Chitradurga, Karnataka, which will generate 33 million units of clean energy annually and reduce carbon dioxide emissions by 31,624 tonnes each year. This open-access solar project caters to the Commercial and Industrial (C&I) sector’s energy needs. Srivatsan Iyer, Global CEO of HFE, highlighted the project’s role in expanding the company’s footprint in Karnataka and supporting industrial decarbonisation….
Author: PPD Team Date: 11/06/2025 IndiGrid has signed definitive agreements to acquire two operational infrastructure assets from ReNew Power in separate transactions. The combined enterprise value of the deals stands at approximately Rs 21.75 billion, including net working capital and cash adjustments. The first acquisition is a 300 MW AC solar power project located in Barmer, Rajasthan. The project—ReNew Solar Aayan Private Limited—was commissioned in March 2024 under SECI Tranche-IX. It operates under a 25-year…
Author: PPD Team Date: 06/12/2024 TKIL Industries Private Limited has partnered with Switzerland-based SoHHytec SA to introduce advanced hydrogen production technology in India. The partnership grants TKIL exclusive rights to manufacture and deploy SoHHytec’s artificial photosynthesis technology, which harnesses solar and wind energy to produce hydrogen efficiently.
Author: PPD Team Date: 22/09/2024 The US Department of the Interior (DOI) will hold its first offshore wind energy lease auction for the Gulf of Maine on 29 October 2024. The auction will offer leases for eight areas off the coasts of Massachusetts, New Hampshire, and Maine, with the potential to generate 13 GW of power, enough to supply 4.5 million homes. The Bureau of Ocean Energy Management (BOEM) reduced the available acreage by 120,000…
Author: PPD Team Date: 11/12/2024 The Maharashtra Electricity Regulatory Commission (MERC) and Global Energy Alliance for People and Planet (GEAPP) have signed a Statement of Intent (SoI) to support Maharashtra’s energy transition through regulatory and policy innovations. The initiative will explore areas such as grid management, renewable energy integration, demand flexibility, energy efficiency, and tariff rationalization. The collaboration builds on a prior partnership between GEAPP and NITI Aayog, aiming to enhance transformative actions at the…
Author: PPD Team Date: 12/05/2025 The Ministry of Coal (MoC) has signed coal gasification plant development and production agreements (CGPDPA) with three entities under Category II of the coal gasification financial incentive scheme. The selected companies are Jindal Steel and Power Limited, New Era Cleantech Solution Private Limited, and Greta Energy and Metal Private Limited. Launched on January 24, 2024, the scheme has a total outlay of Rs 85 billion. It aims to facilitate 100…
Author: PPD Team Date: 30/12/2024 Hero Future Energies (HFE) has commissioned a 29 MW solar power project in Chitradurga, Karnataka, which will generate 33 million units of clean energy annually and reduce carbon dioxide emissions by 31,624 tonnes each year. This open-access solar project caters to the Commercial and Industrial (C&I) sector’s energy needs. Srivatsan Iyer, Global CEO of HFE, highlighted the project’s role in expanding the company’s footprint in Karnataka and supporting industrial decarbonisation….