Author: PPD Team Date: January 27, 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: March 13, 2026 Ashok Leyland Limited has started construction of a greenfield battery pack manufacturing facility at Pillaipakkam near Chennai. The project involves an investment of Rs 400–500 crore and forms part of the commitments made under a memorandum of understanding (MoU) signed between the Hinduja Group and the Government of Tamil Nadu in September 2025. The facility is aimed at localising electric vehicle (EV) battery pack production and strengthening the…
Author: PPD Team Date: June 17, 2025 On June 16, 2025, the Ministry of Power issued amendments to its 2021 guidelines on the Model Contract Provision for “Dispute Avoidance Mechanism” in hydro power projects. This mechanism involves appointing Independent Engineers (IEs) to resolve disagreements between Central Public Sector Enterprises (CPSEs) and contractors at an early stage. The updated provisions revise payment terms. A retainer fee of Rs 100,000 per month has been fixed for FY…
Author: PPD Team Date: November 7, 2024 Rajasthan and Gujarat, India’s leaders in renewable energy, are urged to implement policy adjustments to sustain their progress, according to a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). Vibhuti Garg, IEEFA’s director for South Asia, noted that while slower states need to ramp up clean energy efforts, even leading states like Rajasthan and Gujarat should monitor and fine-tune their strategies to avoid losing…
Author: PPD Team Date: November 25, 2024 KEC International Ltd. has won orders worth Rs 11.14 billion. These include: Transmission & Distribution (T&D): Orders include a 400 kV transmission line project in Oman and supply of towers, hardware, and poles in the Americas. Cables: Orders for various cables were secured for supply in both domestic and international markets. Civil: Orders were secured in the industrial segment in India, diversifying the business’s customer base. Railways: The…
Author: PPD Team Date: February 13, 2026 The Ministry of Power (MoP) has issued revised guidelines mandating coal and lignite-based thermal power plants (TPPs) to achieve 100 per cent ash utilisation in line with notifications of the Ministry of Environment, Forest and Climate Change (MoEF&CC), while limiting the tariff impact on electricity consumers. The revised framework replaces the MoP guidelines dated March 15, 2024, and was approved by the Union Minister for Power and Housing…
Author: PPD Team Date: January 23, 2026 Adani Energy Solutions Limited (AESL) announced its unaudited financial and operational results for the quarter and nine months ended December 31, 2025, on January 22, 2026. The company reported year-on-year growth across key financial indicators and a record cumulative installation of 9.25 million smart meters. For the quarter ended December 31, 2025, AESL posted consolidated total income of Rs 6,945 crore, up 15.7% from the corresponding period last…