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: December 6, 2024 The Governments of the Philippines and the United Arab Emirates (UAE) have signed a memorandum of understanding (MoU) to strengthen cooperation in energy transition. The agreement focuses on key areas such as renewable energy, liquefied natural gas, nuclear energy, power infrastructure, and emerging technologies. An implementation agreement with a UAE state-owned firm is expected in January 2025, advancing renewable and alternative energy projects. This MoU follows a similar…
Author: PPD Team Date: July 24, 2025 L&T Energy GreenTech Ltd (LTEG), a subsidiary of Larsen & Toubro (L&T), will develop India’s largest green hydrogen plant at Indian Oil Corporation Ltd’s (IOCL) Panipat Refinery in Haryana. According to a company statement, the plant will supply 10,000 tonnes of green hydrogen annually to IOCL for 25 years. The project will be implemented on a build-own-operate (BOO) model and is aligned with the Government of India’s National…
Author: PPD Team Date: November 11, 2025 GK Energy Limited has signed an agreement with a domestic manufacturer for the supply of 875 MW of domestic content requirement (DCR) compliant solar photovoltaic cells. The procurement includes 450 MW of Mono PERC and 425 MW of TOPCon cells. The name of the manufacturer has not been disclosed. The solar cells will be supplied by March 31, 2027, and will be used in GK Energy’s ongoing and…
Author: PPD Team Date: February 12, 2025 Shakti Pumps Limited has set up a wholly owned subsidiary, Shakti EV Mobility Private Limited, with a consolidated investment of Rs 350 million through the subscription of 3,000,000 equity shares of Rs 10 each. The new entity will focus on manufacturing, processing, trading, and distributing electric vehicle (EV) motors and charger controllers. The subsidiary aims to expand its presence in the EV mobility sector.
Author: PPD Team Date: February 13, 2025 Salzer Electronics Ltd, a new player in the smart meter manufacturing industry, has successfully delivered its first commercial order of 25,000 smart meters, valued at approximately Rs 50 million, during the third quarter (Q3: October to December) of FY25. The company is optimistic about receiving further orders from the same client. Rajesh Doraiswamy, Joint Managing Director of Salzer Electronics, expressed pride in the achievement, stating that the dispatch…
Author: PPD Team Date: November 14, 2024 The Ministry of Power (MoP) is set to launch a Rs 10 billion scheme to support energy efficiency initiatives among small and medium businesses, aiming to incentivize adoption of energy-efficient technologies. Under the Bureau of Energy Efficiency’s ADEETIE scheme (Assistance in Deploying Energy Efficient Technologies in Industries & Establishments), the plan will provide interest subvention of approximately five percent for small enterprises and three percent for medium enterprises….