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.
Orb Energy has installed an 800-kW rooftop solar system at Esteem Industries in Alonde, Wada, Maharashtra. The system is set to generate over 1 million units of electricity annually, meeting approximately 80% of Esteem Industries’ daytime electricity needs and reducing carbon emissions by around 1,000 tonnes per year. The installation is expected to produce around…
ACME Solar Holdings Limited has commissioned the third phase of its battery energy storage system (BESS) project at Jaimalsar village in Bikaner district, Rajasthan. The phase adds 11.429 MW / 51.354 MWh to the project’s operational capacity. The commissioning was carried out through ACME Surya Power Private Limited, a wholly owned subsidiary of ACME Solar…
The Madras High Court has struck down additional network charges imposed on rooftop solar power used for captive consumption. This ruling is expected to ease costs for industrial consumers and boost solar energy adoption in Tamil Nadu. The case involved 22 petitions, including one from the South India Spinners Association, challenging charges levied by Tamil…
Drivn, a Gurugram based electric mobility startup, has secured financing commitments of up to $80 million from global financial services group Nomura. The funding will support the first phase of deploying close to 1,000 electric buses and trucks for inter city and heavy transport operations. Founded in 2023 by Manav Bansal and Alpna Jain, Drivn…
Transformers and Rectifiers (India) Limited (TARIL) has informed the stock exchanges about changes in senior management and its unaudited financial performance for the third quarter of FY26. Based on the recommendation of the Nomination and Remuneration Committee and the Board of Directors, Mr Satyen J. Mamtora, Managing Director of the company, has been appointed as…
Juniper Green Energy Limited has started operations of 60 MWh of its 100 MWh Battery Energy Storage System (BESS) project in Bikaner, Rajasthan, marking the company’s entry into merchant energy storage operations. The BESS project has been developed through Juniper Green Energy’s subsidiary, Juniper Green Cosmic Private Limited. This is the company’s first operational merchant…