Author: PPD Team Date: October 29, 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.Â
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: October 18, 2024 Polycab India Ltd reported significant growth in its wire and cable business for Q2 FY25 (July to September). The company’s wire and cable revenue rose 23% year-on-year to Rs 46.07 billion, driven by favorable commodity prices and strong market demand. Domestically, the institutional segment surpassed distribution, and wires outperformed cables. Internationally, the business saw a 36% quarter-on-quarter increase, contributing 6.1% to Polycab’s total revenue. However, EBIT margins dropped…
Author: PPD Team Date: May 22, 2025 At the World Hydrogen Summit 2025 in Rotterdam, the Ministry of New and Renewable Energy (MNRE) presented India’s roadmap for becoming a global green hydrogen leader. India has installed over 223 GW of renewable energy, 108 GW from solar and 51 GW from wind, making it one of the fastest-growing renewable markets globally. The Government aims to achieve energy independence by 2047 and Net Zero emissions by 2070….
Author: PPD Team Date: December 3, 2024 Sunshine Capital Limited has announced the launch of financial products to support solar energy adoption. The Board of Directors approved the plan during a meeting held on December 3, 2024. The new solar energy finance offerings are designed to simplify solar panel investments for homeowners by providing accessible and flexible loan options. Additionally, the Board has decided to consolidate all consumer-side offerings, including Insurance Broking, Mutual Funds Product…
Author: PPD Team Date: January 30, 2026 The UK Department for Energy Security and Net Zero (DESNZ) has confirmed it will move ahead with changes to how inflation is applied to two legacy renewable energy subsidy schemes. The decision is expected to reduce payments to generators while lowering costs for electricity billpayers. From April, subsidy payments under the Renewables Obligation (RO) and the Feed-in Tariff (FiT) schemes will be indexed to the Consumer Price Index…
Author: PPD Team Date: January 3, 2025 Vestas has announced new contracts totalling 134MW for wind turbine projects in Europe as part of its Q4 2024 order intake. In Italy, Vestas received a 26MW order from Alerion San Marco for the Valico Casone Cocca project. It will feature three V150-6.0 MW and two V117-4.2 MW turbines, with a ten-year Active Output Management (AOM) 4000 service agreement. Delivery is planned for Q4 2025, with commissioning in…
Author: PPD Team Date: August 29, 2025 Shakti Pumps (India) Limited has announced that it has been empanelled by Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the supply and installation of 34,720 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) under the Magel Tyala Saur Krushi Pump Yojana / PM-KUSUM B. The company confirmed that the MSEDCL portal opened on 27 August 2025 for the first tranche of 10,000 units. All pumps were booked…