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Order book at Rs 3,498 crore: Diamond Power eyes long-term power sector upcycle
Diamond Power Infrastructure reported strong growth in revenue and profitability for the quarter and financial year ended March 31, 2026, supported by demand from power infrastructure, renewable energy, transmission, distribution and data centre sectors. For FY26, revenue from operations rose 71% year-on-year to Rs 1,911 crore from Rs 1,115.39 crore in FY25. Earnings before interest,…
Madhya Pradesh launches biofuel scheme with investment-linked incentives
The Madhya Pradesh government has introduced the ‘Scheme for Implementation of Biofuel Projects in Madhya Pradesh’ to attract investments above Rs 100 million in biofuel infrastructure. The scheme covers the full value chain, from feedstock cultivation to distribution and end-use, and aims to set up bio-refinery clusters along with the infrastructure needed for biomass and…
Hungary proposes amendments to Paks nuclear plant contract with Rosatom
On November 19, 2024, the Hungarian government introduced a bill to its parliament seeking to amend the existing contract with Russia’s Rosatom for the expansion of the Paks nuclear power plant. The Paks expansion, valued at €12.5 billion ($13.2 billion), includes two 1.2 GW VVER reactors and is critical for Hungary’s energy strategy. The plant…
Bridge and Roof wins EPC contract for floating solar project in Chhattisgarh
Bridge and Roof Company (India) Limited has secured an engineering, procurement, and construction (EPC) contract from NTPC Limited for developing a 26 MW floating solar photovoltaic (PV) project at Sipat Reservoir 1-B in Bilaspur, Chhattisgarh. NTPC had invited bids for the floating solar project in February 2024. Following the EPC award, Bridge and Roof issued…
Solex Energy reports 194% revenue growth
Solex Energy Limited reported robust financial performance in H1 FY2024-25, with total income surging 194% to Rs 2.731 billion, up from Rs 930 million in H1 FY24. EBITDA increased 168% to Rs 253.7 million, and net worth expanded 244% to Rs 1.317 billion, while Return on Equity (ROE) improved to 29.41%, compared to 3.84% in…
EAC recommends ToR for Indirasagar-Omkareshwar Pumped Storage Projects
The Expert Appraisal Committee (EAC) of the Ministry of Environment, Forest and Climate Change (MoEFCC) has recommended the grant of Terms of Reference (ToR) for the Indirasagar-Omkareshwar on-stream Pumped Storage Project (640 MW) by NHDC Limited in Madhya Pradesh. Located in Khandwa district, the project will require 198 hectares of forest land and an estimated…
