Author: PPD Team Date: January 20, 2025
Indian Renewable Energy Development Agency Limited (IREDA) posted a net profit of Rs 4.25 billion for the quarter ending December 2024, a 26.48% rise compared to Rs 3.36 billion in the same quarter last year.
The company’s revenue from operations increased by 35.59% to Rs 16.99 billion during the quarter, up from Rs 12.53 billion reported in the corresponding period of 2023.
Author: PPD Team Date: January 14, 2026 The Vibrant Gujarat Regional Conference held in Rajkot on January 12-13, 2026, resulted in major renewable energy investment proposals for Gujarat. Four companies signed Memoranda of Understanding (MoUs) with the Government of Gujarat, committing investments of over Rs 34,000 crore across renewable power, biofuels, and biogas projects. NLC India Limited (NLCIL), a Navratna public sector undertaking under the Ministry The largest commitment came from NLC India Limited, a…
Author: PPD Team Date: December 30, 2025 Four leading solar wafer manufacturers announced a price increase on the afternoon of December 25, raising prices across key wafer sizes and lifting the average market level by about 12 per cent. Analysts link the change to higher raw material costs and continued tightness in parts of the photovoltaic (PV) supply chain. In their coordinated announcement, the companies confirmed that the price of 183.75mm wafers has been adjusted…
Author: PPD Team Date: January 19, 2026 Waaree Energies Limited has informed the stock exchanges about the incorporation of eight wholly owned subsidiaries by its step-down subsidiary, Waaree Forever Energies Private Limited (WFEPL). The new entities have been created to hold specific independent power producer (IPP) projects. In its regulatory disclosure, the company stated that WFEPL, a wholly owned subsidiary of Waaree Energies Limited, incorporated the eight companies between January 13 and January 15, 2026….
Author: PPD Team Date: October 28, 2024 Convergence Energy Services Limited (CESL) has launched a tender to establish and maintain EV charging stations at seven locations within the Municipal Corporation of Faridabad, Haryana. Bids are due by October 30, 2024, with an opening on the same day. The tender requires a Rs 15,000 document fee and an earnest money deposit of Rs 212,000. The project is expected to complete within four months of award issuance…
Author: PPD Team Date: December 2, 2024 The COP29 summit in Baku, Azerbaijan, concluded with the adoption of the Baku Finance Goal (BFG), which commits developed nations to mobilize $300 billion annually by 2035 and aims for $1.3 trillion in long-term climate finance for developing countries. The agreement also finalized Article 6 negotiations, enabling high-integrity carbon markets expected to generate $1 trillion annually by 2050. India rejected the deal, deeming it inadequate and inequitable, citing…
Author: PPD Team Date: June 17, 2025 The Uttar Pradesh State Industrial Development Authority (UPSIDA) has selected industrial zones across the state to set up solar power plants. The move falls under the Uttar Pradesh Solar Energy Policy 2022 and was announced on June 15, 2025. Sites include Surajpur Site-5 and EPIPР in Gautam Budh Nagar, TDS City in Ghaziabad, and the Special Economic Zone in Moradabad. Other locations are Baghpat, Agra, Mathura, Jhansi, Prayagraj,…