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.
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: July 18, 2025 India’s installed solar power capacity reached 110.9 GW by June 2025, out of a total renewable capacity of 237.5 GW, according to a commentary published by the Observer Research Foundation (ORF). The authors argue that India should reassess its solar potential estimates, which remain based on outdated assumptions and data from 2010 and 2011. The current official estimate of 748 GWp of solar potential, calculated by the National…
Author: PPD Team Date: October 29, 2024 AMPIN Energy Transition has signed an agreement with Varroc Group for an additional 27 MWp solar power project in Maharashtra, building on earlier solar installations across Maharashtra, Karnataka, Uttar Pradesh, and Tamil Nadu. This new capacity brings Varroc’s total contracted solar power with AMPIN to over 60 MWp, enabling the Group to source around 70% of its energy needs from renewable sources. The shift is expected to reduce…
Author: PPD Team Date: November 6, 2024 Electric services company GE Vernova, in collaboration with Saudi Arabia’s Ash Sharqiyah Operations & Maintenance Company (ASHOMCo), has completed three front-end engineering design (FEED) studies to reduce net carbon emissions at three cogeneration plants in Saudi Arabia. These plants, equipped with GE Vernova’s 7E and 7F gas turbines, collectively generate up to 920 MW of power and 1,400 tonnes per hour of steam, providing energy for around 920,000…
Author: PPD Team Date: September 15, 2025 Adani Power Limited has entered into a 25-year Power Supply Agreement (PSA) with Bihar State Power Generation Company Limited (BSPGCL) for 2,400 megawatts (MW) of electricity from a proposed ultra-supercritical thermal power plant in Bhagalpur district. The PSA was signed on September 12, 2025, following the Letter of Award issued to the company in August. The project will be developed at Pirpainti, Bhagalpur, under the Design, Build, Finance,…
Author: PPD Team Date: November 18, 2025 Shanghai Electric and Siemens have signed a framework agreement to advance China’s green digital grid transition. The partnership focuses on low and medium voltage equipment and supports China’s dual carbon targets. The agreement for the Intelligent grid medium and low voltage equipment procurement project was finalised at the eighth China International Import Expo. The companies plan to work together on market expansion, green upgrades, and intelligent systems. Shanghai…
Author: PPD Team Date: March 10, 2025 Inox Wind Limited has won a contract to supply Wind Turbine Generators (WTGs) with a rated capacity of 3 MW each for a 153 MW wind power project in Tamil Nadu. The contract was awarded on March 7, 2025. As part of the deal, Inox will provide limited engineering, procurement, and construction (EPC) services, along with multi-year operations and maintenance (O&M) services after the project is commissioned. Inox…