Inox Wind Limited has announced a net profit of Rs 902.2 million for the quarter ending September 2024, contrasting with a loss of Rs 292.3 million in the same quarter last year.
Total income rose significantly, increasing by 93 percent to Rs 7,417.4 million, compared to Rs 3,844 million in the same period the previous year.
The Indian government plans to roll out the third phase of the Faster Adoption & Manufacturing of Electric Vehicles (FAME) scheme within the next two months, according to H D Kumaraswamy, Minister of Heavy Industries. Speaking at an industry event in New Delhi, Kumaraswamy emphasized the government’s commitment to advancing India’s electric vehicle (EV) ecosystem, focusing on local manufacturing and sustainable growth. The FAME scheme, initiated in 2015 with an initial outlay of approximately Rs…
Battery maker Amara Raja Advanced Cell Technologies and electric vehicle manufacturer Ather Energy have signed a Memorandum of Understanding (MoU) to develop and supply Nickel Manganese Cobalt (NMC) and Lithium Iron Phosphate (LFP) Lithium-Ion (Li-ion) cells along with other advanced chemistry cells. These cells will be produced at Amara Raja’s upcoming Gigafactory in Divitipally, Telangana. Amara Raja recently agreed with Gotion-InoBat-Batteries (GIB) to localise global LFP technology for the Indian market. Additionally, the company has…
Sun Drops Energia Private Limited, a wholly owned subsidiary of KPI Green Energy Limited, has received letters of intent (LoI) to execute solar power projects with a cumulative capacity of 7 MW under the company’s captive power producer (CPP) business segment. These projects are slated for completion in the financial year 2024-25, with execution to occur in phases as outlined in the order’s terms.
Gensol Engineering announced that it has secured a 16-megawatt rooftop solar project from a textile company in Madhya Pradesh, under the commercial and industrial (C&I) segment. The project will be executed on an engineering, procurement, and construction (EPC) basis. The company received a Letter of Award (LOA) for the turnkey EPC rooftop solar project, which will be completed in six months. The project will use high-efficiency bi-facial solar modules that absorb sunlight from both sides,…
ENGIE North America has signed an environmental attributes purchase agreement (EAPA) with Meta to supply 260MW of renewable energy from its Sypert Branch solar project near Austin, Texas. The solar facility, located close to Meta’s data centre in Temple, will deliver 100% of its output to Meta, advancing the tech giant’s renewable energy portfolio, which already exceeds 12GW. Set to begin operations in late 2025, Sypert Branch will contribute to ENGIE’s 8GW North American renewable…
MEIL Solar Energy, a subsidiary of Megha Engineering & Infrastructures Limited (MEIL), has signed power purchase agreements (PPAs) with Bangalore Electricity Supply Company (BESCOM) to supply solar power from 76 projects with a cumulative capacity of 618.1 MW. These projects will operate under Component C of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) programme, following the renewable energy service company (RESCO) model. MEIL Solar Energy will construct the necessary 11 kV transmission…
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