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.
Alternus Clean Energy has finalized the acquisition of LiiON, LLC through an asset purchase agreement executed by one of its US subsidiaries. The $5 million deal combines debt and equity, granting Alternus LiiON’s customer contracts, service agreements, and partnerships. As part of the agreement, LiiON will provide an exclusive license to its intellectual property. The…
Salzer Electronics Ltd has secured a Rs 500 million smart meter order from a leading advanced metering infrastructure service provider (AMISP) in India. This follows a Rs 50 million order last month from the same customer. With a production capacity of 4 million smart meters, Salzer’s Tamil Nadu facility is ready to meet rising demand. …
The Karnataka Department of Energy (DoE) has planned to opt out of the Revamped Distribution Sector Scheme (RDSS) for smart meter installation. Instead, the state will implement the project independently. Karnataka is among the few states that have not opted for RDSS, under which 197.9 million consumer smart meters have been sanctioned nationwide. However, officials…
Waaree Renewable Technologies Limited (WRTL), a subsidiary of Waaree Energies Limited, has secured a turnkey Engineering, Procurement and Construction (EPC) contract for a 210 MWp (150 MWac) grid-connected ground-mount solar project from Solaris Horizon Energy Private Limited (SHEPL). The contract also includes two years of operation and maintenance (O&M) services and is scheduled to be…
NHPC Limited has completed the trial run of Unit 2 and 3 at the 800 MW Parbati-II Hydro Electric Project in Himachal Pradesh. The remaining two units are expected to undergo trial runs by March 31, 2025. Once fully operational, the project will significantly enhance NHPC’s hydropower capacity. The Parbati-II project, a run-of-the-river (RoR) initiative,…
The Central Electricity Authority (CEA) has requested manufacturers of Grid-Forming (GFM) inverters in India to submit details of their production capacity. The exercise is intended to assess domestic manufacturing readiness as higher shares of renewable energy are integrated into the national power grid. In a formal communication, the Energy Storage System Division said the growing…