IEX and AESL announce FY25 financial results
Author: PPD Team Date: April 28, 2025
Author: PPD Team Date: April 28, 2025
Indian Energy Exchange Limited (IEX) posted a net profit of Rs 4.29 billion for 2024-25, a 22.22 per cent rise from the previous year’s Rs 3.51 billion.
The company’s total income also grew by 19.23 per cent. It reached Rs 6.57 billion in 2024-25, compared to Rs 5.51 billion a year earlier.
Meanwhile, Adani Energy Services Limited (AESL) reported a different trend. Its net profit fell by 22.90 per cent to Rs 9.22 billion in 2024-25, compared to Rs 11.96 billion in the previous year.
However, AESL’s total income showed strong growth. It rose by 41.98 per cent to Rs 244.47 billion during 2024-25, up from Rs 172.18 billion in the previous year.
Author: PPD Team Date: July 4, 2025 Adani Power Limited (APL) is among four firms competing for the 2,400 MW Pirpainti Thermal Power Project in Bhagalpur district, Bihar. The other companies that have expressed interest are JSW Energy Limited (JSWEL), Torrent Power Limited, and Lalitpur Power Generation Company Limited (LPGCL). Originally proposed with a capacity of 1,320 MW (2 × 660 MW), the project has now been revised to 2,400 MW, comprising three units of…
Author: PPD Team Date: November 6, 2024 Nakheel, a subsidiary of Dubai Holding Real Estate, has partnered with the Dubai Electricity and Water Authority (DEWA) to develop two substations on Palm Jebel Ali, with an investment of AED 270 million. DEWA will handle project management, including tendering, award, and construction. These substations, each with a capacity of 132/11 kV, will provide a combined 400 MVA of electricity to meet the energy needs of Palm Jebel…
Author: PPD Team Date: March 17, 2025 Swelect Energy Systems Limited has won a contract to supply its high-efficiency TOPCon bi-facial solar photovoltaic (PV) modules for a 150 MW solar power project in India. The contract was awarded on March 12, 2025. In addition, the company has raised Rs 2.9 billion through Non-Convertible Debentures (NCDs) via a private placement with India Infradebt Limited. The funds will support Swelect Energy’s goal of expanding its solar portfolio…
Author: PPD Team Date: January 20, 2025 Reliance Industries Limited will acquire a 100% equity stake in Lakadia B Power Transmission from REC Power Development and Consultancy Limited (RECPDCL) for Rs 80 million. The acquisition aims to develop an interstate transmission system (ISTS) to evacuate up to 3.5 GW of renewable energy from Lakadia, Gujarat. The transmission system will be designed to augment the transformation capacity at the 765/400 kV Lakadia substation under Part B…
Author: PPD Team Date: December 11, 2024 Tata Power has announced an investment of Rs 1.2 trillion in Rajasthan to develop various renewable energy projects, including rooftop solar installations and electric vehicle (EV) charging infrastructure. The announcement was made at the Rising Rajasthan Global Investment Summit on December 9, 2024. The investment roadmap aims to transform Rajasthan into a power surplus state through clean and affordable energy. It includes Rs 750 billion for solar, wind,…
Author: PPD Team Date: October 21, 2024 Integrum Energy Infrastructure has reportedly filed a draft red herring prospectus (DRHP) for an initial public offering (IPO). The IPO will include a fresh issue of up to 4.95 million equity shares and an offer for sale of up to 0.54 million equity shares. The proceeds will be directed toward the development of a new solar plant and meeting the company’s working capital needs.