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.
India and the US are working together to bolster their critical minerals supply chains, aiming to reduce dependency on China. As part of this effort, the two countries plan to jointly explore third-country sources for securing critical minerals, with India seeking to transform the current Memorandum of Understanding (MoU) into a more comprehensive partnership agreement….
BAJEL Projects Limited (formerly Bajaj Electricals Limited) has received a Notification of Award (NoA) from Madhya Pradesh Power Transmission Company Limited (MPPTCL) for the construction of overhead and underground transmission lines in Bhopal. The project, awarded on March 25, 2025, involves power supply infrastructure for the Bhopal Metro Rail Project. The scope includes the supply…
The Department of Expenditure (DoE), Ministry of Finance, has granted Bharat Heavy Electricals Limited (BHEL) a five-year relaxation under Rule 144(xi) of the General Financial Rules (GFR). The exemption allows procurement of 21 specified items from entities in countries sharing land borders with India. BHEL confirmed the development in a rumour verification filing to BSE…
The Green Energy Corridor (GEC) Phase I is close to completion in four states, with 20 GW of the planned 24 GW renewable energy capacity already commissioned. The remaining 4 GW is expected to be completed soon. GEC Phase I was launched to improve grid infrastructure for integrating large-scale renewable energy. It spans eight states:…
Honeywell has secured a contract to deliver building automation solutions for Exide Energy Solutions Ltd (EESL), a subsidiary of Exide Industries Ltd. The project will involve deploying Honeywell’s Enterprise Buildings Integrator (EBI) platform for centralized monitoring and control of the 80-acre lithium-ion gigafactory campus in Bengaluru. These solutions will enhance operational efficiency, improve incident response,…
French cable manufacturer Nexans has completed the sale of AmerCable, a specialist in electrical power, control, and instrumentation cables, to Mattr for $280 million. The move aligns with Nexans’ focus on its core electrification business, allowing it to concentrate on key market segments. The agreement, finalized in November 2024, values AmerCable at around five times…