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 issued India’s first externally credit-enhanced green bond on the National Stock Exchange, raising Rs 6.70 billion. The five-year bond carries an annual coupon of 8.5 per cent and has been rated AA+ by both CRISIL and ICRA. The bond is backed by a 65 per cent partial guarantee from GuarantCo,…
China is significantly increasing its grid investment to ensure efficient delivery of renewable energy to homes and businesses. According to the National Energy Administration, power transmission spending rose 19% to 529 billion yuan ($72 billion) in the first 11 months of 2023, marking a shift towards grid infrastructure, as reported by Bloomberg. Investment in new…
Bharat Heavy Electricals Limited (BHEL) has secured a domestic order to supply a key power equipment package for a major aluminium project. In a filing to the stock exchanges on February 4, 2026, BHEL said it received a Letter of Intent (LOI) dated February 3, 2026, from Hindalco Industries Limited (HIL). The LOI relates to…
The cost of battery energy storage systems discovered through competitive bidding has fallen steeply over the past two years, supported by viability gap funding schemes and transmission charge waivers, according to information presented in Parliament. The cost of Battery Energy Storage System (BESS) capacity discovered through tariff based competitive bidding during 2022 to 2023 was…
Andhra Pradesh Information Technology (IT) Minister Nara Lokesh inaugurated SAEL Industries Limited’s 600 MW solar power projects in Kadapa district, marking a major renewable energy development in the state. The projects, SAEL Solar MHP1 and SAEL Solar MHP2, were completed within 11 months with an investment of nearly Rs 3,000 crore. Located across more than…
Oben Electric has secured $5.82 million in its Series A funding round, with contributions from Ambis Holding US, Kuberan Ventures, Karimjee Group, Mission Vertical’s US-based venture capital entity, and several family offices. The funds will be used to expand its distribution network and Oben Care services to over 100 showrooms across 50 cities in India…