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.Â
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.
KPI Green Energy Limited has received a Letter of Intent from UAE-based FVE Lifecare General Trading LLC, part of the F Plus Group, for a 600 MW Round-the-Clock (RTC) Green Power Project valued at about Rs 1,050 crore. The agreement follows an earlier MoU with F Plus Healthcare Technologies. The project will supply captive and…
The central government has approved Rs 531 crore in Central Financial Assistance (CFA) for 553 solar power producers operating under Component-C of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme in Rajasthan. According to a senior official of the state energy department, the approved assistance will be released shortly through the Ajmer…
Navitas Solar has received an investment of Rs 404.8 million from Parishi Capital to expand its solar module manufacturing facility in Ahmedabad, Gujarat. The funding was completed in two tranches, with the first round raised in 2023. The investment will support capacity expansion from 1.7 gigawatts (GW) to 2.5 GW. A third round of funding…
At the G7 Summit, Prime Minister Narendra Modi reaffirmed India’s commitment to affordable and sustainable energy. Speaking at the 50th anniversary of the G7, he highlighted energy security as a core responsibility and called for collective action to support energy transitions globally. The Prime Minister stressed that India is advancing on the principles of availability,…
Reliance Industries, led by Mukesh Ambani, has acquired a 26% stake in Gautam Adani’s Mahan Energen Ltd (MEL), a subsidiary of Adani Power Ltd, as part of a deal to secure 500 MW of electricity for captive use. Reliance will invest Rs 500 million equity shares of MEL, at a face value of Rs 10…
Gensol Engineering Limited has been awarded an engineering, procurement, and construction (EPC) contract valued at approximately Rs 9.679 billion (inclusive of goods and services tax) for a 245 MW solar photovoltaic project at the Khavda Renewable Energy Power Park in Gujarat. The contract, secured from a public sector undertaking, also includes three years of operations…