Kalpataru Projects secures Rs 22.73 billion in new orders
Author: PPD Team Date: November 13, 2024
Author: PPD Team Date: November 13, 2024
Kalpataru Projects International Limited (KPIL) has announced new orders totalling Rs 22.73 billion across domestic and international markets.
The orders, awarded to KPIL along with its joint ventures and subsidiaries, cover Transmission & Distribution (T&D) projects globally and residential building projects within India.
According to MD & CEO Manish Mohnot, these new contracts strengthen KPIL’s standing in the T&D sector, with year-to-date order inflows amounting to approximately Rs 141 billion, 56% of which is from the T&D segment.
Author: PPD Team Date: January 8, 2025 Oben Electric has secured $5.82 million in its Series A funding round, with contributions from Ambis Holding US, Kuberan Ventures, Karimjee Group, Mission Vertical’s US-based venture capital entity, and several family offices. The funds will be used to expand its distribution network and Oben Care services to over 100 showrooms across 50 cities in India by FY 2026, as well as to enhance its product portfolio. The Bengaluru-based…
Author: PPD Team Date: January 15, 2025 BrightNight has announced the commissioning of the first phase of Optima Maharashtra, a 115 MW hybrid renewable power project located in Dharashiv, southern Maharashtra. The project is one of the first co-located wind-solar projects in the state, marking the company’s entry into the Indian power grid. Optima Maharashtra integrates advanced wind and solar technologies powered by BrightNight’s proprietary AI-enabled PowerAlpha platform, maximizing energy output with minimal environmental impact….
Author: PPD Team Date: September 12, 2024 The Union Cabinet has approved the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme, with a Rs 109 billion budget over two years, aimed at accelerating electric mobility in India. The scheme provides Rs 36.79 billion in subsidies for electric two-wheelers (e-2Ws), three-wheelers (e-3Ws), ambulances, trucks, and other emerging EVs, targeting 2.479 million e-2Ws, 316,000 e-3Ws, and 14,028 e-buses. Buyers will receive demand incentives through…
Author: PPD Team Date: October 30, 2024 Adani Power Ltd reported a nearly 50% year-on-year drop in net profit for Q2 FY25, with earnings at Rs 33.17 billion, down from Rs 66.16 billion in the same quarter last year. However, revenue from operations rose by 2.68% to Rs 133.39 billion, up from Rs 129.91 billion in Q2 FY24. EBITDA increased by 24.6% to Rs 54.02 billion, driven by higher sales volumes and reduced fuel and…
Author: PPD Team Date: October 21, 2024 Larsen & Toubro (L&T) has signed a Memorandum of Understanding (MoU) with US-based Clean Core Thorium Energy (CCTE) to provide efficient clean energy solutions globally. The partnership focuses on deploying nuclear power, especially in developing countries needing substantial carbon-free electricity. The collaboration will utilize CCTE’s ANEEL (Advanced Nuclear Energy for Enriched Life) fuel, designed for pressurized heavy water reactors like CANDU. This fuel combines thorium and high assay…
Author: PPD Team Date: January 7, 2025 The US Government is taking steps to lift restrictions on Indian nuclear entities to strengthen energy relations and reinforce the 2005 nuclear deal. US National Security Advisor Jake Sullivan stated that the US is finalizing efforts to remove long-standing regulations preventing civil nuclear cooperation between India’s top nuclear entities and US companies. Since the mid-2000s, the US and India have discussed the supply of US nuclear reactors to…