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: 26/12/2024 Shree Cements Limited is planning to establish a solar power project in Purnia, Bihar. The company will invest around Rs 3,000 million for the project’s development.
Author: PPD Team Date: 30/12/2024 The government has annulled the auction of 11 critical mineral blocks in the fourth round due to a weak response from bidders. Four blocks, including tungsten and glauconite located in Chhattisgarh and Arunachal Pradesh, attracted no bids, while the remaining seven received fewer than three technically qualified bidders, leading to the cancellation of the auction process for all blocks. This follows a pattern seen in previous rounds, where several critical…
Author: PPD Team Date: 03/12/2024 A Supreme Court-appointed panel has backed the development of five hydroelectric projects (HEPs) in Uttarakhand, despite opposition from the Ministry of Environment and Forest (MoEF) and the Jal Shakti Ministry, which raised concerns over ecological impacts and risks associated with the region’s seismic and landslide-prone nature. The court’s involvement dates back to the 2013 Kedarnath floods, after which it imposed a moratorium on new HEPs and directed the MoEF to…
Author: PPD Team Date: 09/12/2024 The International Solar Alliance (ISA) and the United States Agency for International Development (USAID) have signed a Memorandum of Understanding (MoU) to strengthen grid interconnections and promote sustainable energy systems. The partnership aims to expand renewable energy usage, improve cross-border energy connectivity, and support the development of unified grids for large-scale clean power transfer. Under the agreement, USAID will collaborate with ISA to establish and expand renewable energy transmission networks…
Author: PPD Team Date: 21/10/2024 NTPC has released the results of its 1.2 GW ISTS-connected solar projects auction. The winning companies include SAEL Industries, Rays Power Infra, Refex Green, ReNew Solar, and Illuminate Hybren (Mahindra Susten). SAEL secured 300 MW, Rays Power 100 MW, and Refex Green 100 MW, all at a tariff of Rs 2.50 per kWh. ReNew Solar and Illuminate Hybren were awarded 300 MW and 176 MW at a tariff of Rs…
Author: PPD Team Date: 04/12/2024 JDR Cable Systems, part of the TFKable Group, has secured a contract from DEME Offshore for the Coastal Virginia Offshore Wind (CVOW) project, the largest offshore wind farm in the United States. The 2.6-GW project will supply power to 660,000 homes and contribute to the US goal of deploying 30 GW of offshore wind energy by 2030. JDR will manage the installation and testing of 66kV subsea inter-array cables for…
Author: PPD Team Date: 26/12/2024 Shree Cements Limited is planning to establish a solar power project in Purnia, Bihar. The company will invest around Rs 3,000 million for the project’s development.
Author: PPD Team Date: 30/12/2024 The government has annulled the auction of 11 critical mineral blocks in the fourth round due to a weak response from bidders. Four blocks, including tungsten and glauconite located in Chhattisgarh and Arunachal Pradesh, attracted no bids, while the remaining seven received fewer than three technically qualified bidders, leading to the cancellation of the auction process for all blocks. This follows a pattern seen in previous rounds, where several critical…
Author: PPD Team Date: 03/12/2024 A Supreme Court-appointed panel has backed the development of five hydroelectric projects (HEPs) in Uttarakhand, despite opposition from the Ministry of Environment and Forest (MoEF) and the Jal Shakti Ministry, which raised concerns over ecological impacts and risks associated with the region’s seismic and landslide-prone nature. The court’s involvement dates back to the 2013 Kedarnath floods, after which it imposed a moratorium on new HEPs and directed the MoEF to…
Author: PPD Team Date: 09/12/2024 The International Solar Alliance (ISA) and the United States Agency for International Development (USAID) have signed a Memorandum of Understanding (MoU) to strengthen grid interconnections and promote sustainable energy systems. The partnership aims to expand renewable energy usage, improve cross-border energy connectivity, and support the development of unified grids for large-scale clean power transfer. Under the agreement, USAID will collaborate with ISA to establish and expand renewable energy transmission networks…
Author: PPD Team Date: 21/10/2024 NTPC has released the results of its 1.2 GW ISTS-connected solar projects auction. The winning companies include SAEL Industries, Rays Power Infra, Refex Green, ReNew Solar, and Illuminate Hybren (Mahindra Susten). SAEL secured 300 MW, Rays Power 100 MW, and Refex Green 100 MW, all at a tariff of Rs 2.50 per kWh. ReNew Solar and Illuminate Hybren were awarded 300 MW and 176 MW at a tariff of Rs…
Author: PPD Team Date: 04/12/2024 JDR Cable Systems, part of the TFKable Group, has secured a contract from DEME Offshore for the Coastal Virginia Offshore Wind (CVOW) project, the largest offshore wind farm in the United States. The 2.6-GW project will supply power to 660,000 homes and contribute to the US goal of deploying 30 GW of offshore wind energy by 2030. JDR will manage the installation and testing of 66kV subsea inter-array cables for…
Author: PPD Team Date: 26/12/2024 Shree Cements Limited is planning to establish a solar power project in Purnia, Bihar. The company will invest around Rs 3,000 million for the project’s development.
Author: PPD Team Date: 30/12/2024 The government has annulled the auction of 11 critical mineral blocks in the fourth round due to a weak response from bidders. Four blocks, including tungsten and glauconite located in Chhattisgarh and Arunachal Pradesh, attracted no bids, while the remaining seven received fewer than three technically qualified bidders, leading to the cancellation of the auction process for all blocks. This follows a pattern seen in previous rounds, where several critical…