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: July 10, 2025 Prostarm Info Systems has announced the establishment of a 1.2 GWh battery energy storage system (BESS) manufacturing facility in Reliance MET City, Jhajjar, Haryana. The plant is expected to be commissioned by the end of FY26. The facility will serve commercial, industrial, and utility-scale storage markets. The company has secured a nine-year lease for the site and committed Rs 250 million in capital expenditure. This investment covers plant…
Author: PPD Team Date: July 2, 2025 Eight firms have been shortlisted as technically qualified for the selection of transmission service provider (TSP) through tariff-based competitive bidding (TBCB) for the ‘Transmission System for evacuation of RE power from Raghanesda area of Gujarat – 3GW under Phase-I’.  The shortlisted bidders are Power Grid Corporation of India Limited (PGCIL), Adani Energy Solutions Limited (AESL), Resonia Limited, Torrent Power Limited, Reliance Industries Limited (RIL), Dineshchandra R Agrawal Infracon…
Author: PPD Team Date: November 7, 2025 The Madhya Pradesh government has introduced the Samadhan Yojana 2025–26, a one-time settlement plan to recover Rs 120 billion in unpaid electricity dues from about 9.2 million consumers. The scheme provides surcharge waivers of up to 90% for domestic and agricultural users, and up to 80% for non-domestic and industrial consumers, depending on the timing of their lump-sum payments. Consumers making payments before December 31, 2025, will receive…
Author: PPD Team Date: September 23, 2025 Adani Green Energy Limited has set up a new step-down subsidiary, Adani Ecogen Three Limited, to focus on renewable power generation. The company disclosed the development in a stock exchange filing on 22 September 2025. According to the filing, the subsidiary was incorporated by Adani Renewable Energy Holding Eleven Limited, a wholly-owned arm of Adani Green Energy. Adani Ecogen Three Limited was registered on the same date with…
Author: PPD Team Date: January 22, 2025 The Odisha Renewable Energy Development Agency (OREDA) has partnered with Tata Power Renewable Energy to promote rooftop solar adoption under the Pradhan Mantri Surya Ghar Yojana. The initiative targets residential customers to raise awareness and implement cost-effective solar energy solutions across Odisha. The scheme will be executed through four power distribution companies (DISCOMs), with awareness drives in high-footfall locations such as airports, malls, and railway stations. Key cities…
Author: PPD Team Date: February 24, 2026 Vikram Solar Limited has signed a domestic solar cell procurement agreement with Jupiter International Limited to source 2 GW of crystalline solar cells valued at about Rs 2,000 crore. The agreement was executed on February 20, 2026. The contract covers the supply of high-efficiency Tunnel Oxide Passivated Contact (TopCon) Solar Cells and high-efficiency mono Passivated Emitter and Rear Cell (PERC) Solar Cells. The solar cells are compliant with…