Author: PPD Team Date: 27/01/2025
Indian Energy Exchange (IEX) reported a profit after tax of Rs 1,073 million for the quarter ended December 2024, a 16.9% increase from Rs 918 million in the same period last year.
The company’s consolidated revenue grew by 13.7% to Rs 1,605 million in Q3 FY2024, compared to Rs 1,412 million during the corresponding quarter of 2023.
Author: PPD Team Date: 25/11/2024 Relicab Cable Manufacturing has received approval from CG Power and Industrial Solutions, Nashik, to supply interconnecting control cables for POWERGRID projects with voltage ratings up to 765 kV. The certification, valid until 13 November 2025, encompasses FRLS Armored, Unarmored, and Screened Copper Control Cables of 1.5/2.5 sq. mm, confirming compliance with POWERGRID specifications, standards, designs, and type tests. Relicab has implemented advanced IT systems to enhance inventory management, billing, and…
Author: PPD Team Date: 13/02/2025 Megha Engineering and Infrastructure Limited (MEIL) is set to invest Rs 103 billion in developing a pumped storage project (PSP) at Kommuru in Annamayya district, Andhra Pradesh. The project has received approval from the State Investment Promotion Board (SIPB), chaired by Chief Minister Chandrababu Naidu. This project is among 15 PSPs approved by SIPB and aims to enhance the region’s energy infrastructure. Along with generating clean electricity, the initiative is…
Author: PPD Team Date: 10/12/2024 Premier Energies Limited plans to invest Rs 52.92 billion in manufacturing facilities for solar cells, modules, ingots, silicon wafers, and aluminium extrusions in Telangana. The initiative includes a 4 GW solar photovoltaic (PV) TOPCon cell and 4 GW PV TOPCon module manufacturing plant at Sitarampur, with an investment of Rs 33.42 billion. Telangana State Industrial Infrastructure Corporation has allocated 75 acres for this project. Additionally, Premier Energies will invest Rs…
Author: PPD Team Date: 03/01/2025 The Central Electricity Regulatory Commission (CERC) has released the draft CERC (Cross Border Trade of Electricity) (Second Amendment) Regulations, 2024, under the Electricity Act, 2003. The draft introduces updates to the 2019 regulations, replacing “long-term access” with general network access (GNA) and adding temporary GNA for short-term access. Key terms like “cross border transmission link” and “dedicated transmission system” have been clarified to enhance operational efficiency. Provisions for cybersecurity compliance…
Author: PPD Team Date: 20/12/2024 The Himachal Pradesh Electricity Regulatory Commission (HPERC) has approved Himachal Pradesh State Electricity Board Limited (HPSEBL) to procure 550 MW of ISTS-connected solar power from the Solar Energy Corporation of India (SECI) for 25 years at a tariff of Rs 2.56 per kWh, with an additional trading margin of Rs 0.07 per kWh payable to SECI. This power procurement is part of SECI’s 1,500 MW ISTS-connected solar power projects tender…
Author: PPD Team Date: 13/11/2024 Surana Solar Limited has acquired a 100% stake in Surana Technologies Private Limited, making it a wholly-owned subsidiary. Surana Technologies, with an authorized, subscribed, and paid-up capital of Rs 100,000, operates in the solar energy sector, specializing in trading, distribution, supply, generation, transmission, and manufacturing of solar products. This acquisition aligns with Surana Solar’s strategy to enhance its execution capacity for solar projects.