Author: PPD Team Date: 20/01/2025
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: 11/11/2024 INOX India Ltd (INOXCVA) has secured a major contract with Highview Power for its Liquid Air Energy Storage (LAES) project in Carrington, Manchester. As part of the deal, INOXCVA will deliver five high-pressure, 690kl vacuum-insulated cryogenic tanks, the largest of their kind ever fabricated by the company. This contract strengthens INOXCVA’s foothold in the global cryogenic equipment market and aligns with the growing demand in the energy storage sector. Siddharth…
Author: PPD Team Date: 18/06/2025 NTPC Limited has declared the Commercial Operation Date (COD) for Unit-3 (660 MW) of the North Karanpura Thermal Power Project (TPP) on June 15, 2025. The plant is located near Tandwa town in Chatra district of Jharkhand. The project comprises three supercritical units of 660 MW each and has been implemented at a total cost of Rs 151.64 billion. Bharat Heavy Electricals Limited (BHEL) was awarded the engineering, procurement, and…
Author: PPD Team Date: 16/05/2025 JSW Energy Limited reported a 21 per cent year-on-year increase in Q4 revenue, reaching Rs 34.97 billion in the January–March quarter of FY 2024–25, compared to Rs 28.79 billion in Q4 FY 2023–24. For the full year, the company posted Rs 126.39 billion in revenue, up 6 per cent from Rs 119.41 billion in the previous year. Tata Power Company Limited recorded a net profit of Rs 47.75 billion in…
Author: PPD Team Date: 06/11/2024 Avista has signed a nonbinding memorandum of understanding to take a 10% ownership stake in the North Plains Connector, a 3 GW high-voltage direct current (HVDC) transmission line by Grid United’s subsidiary. This 420-mile line will connect the US eastern and western electric grids between Montana and North Dakota, enabling bi-directional power transport from various generation sources. The North Plains Connector, linking the Midcontinent Independent System Operator, Western Interconnection, and…
Author: PPD Team Date: 04/06/2025 NHPC Limited has invited bids for the Lot-II package of hydro-mechanical works for the Uri-I Stage II Hydro Electric Project in Jammu & Kashmir. The tender, issued on May 30, 2025, covers all gates and pressure shaft liners. The deadline for bid submission is July 11, 2025. The contract is valued at Rs 859.4 million and is expected to be completed in 1,157 days. The Uri-I Stage II project will…
Author: PPD Team Date: 21/03/2025 The joint venture of Hindustan Construction Company Limited and Tata Projects Limited has secured a Rs 24.7 billion contract from Tata Power Company Limited for the construction of the 1,000 MW Bhivpuri Pumped Hydro Storage Project in Maharashtra. The project will be developed at Karjat with a total estimated cost of Rs 56.66 billion, financed 75 per cent by debt and 25 per cent by equity. The project received environmental…