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GE Power India reports strong FY2025-26 growth in core services business
GE Power India Limited (GEPIL) reported strong growth in its core services business during FY2025-26, despite a sharp decline in overall order inflows due to the absence of large one-time orders recorded in the previous fiscal year. Core services order inflow increased 34% year-on-year to Rs 734 crore in FY2025-26, compared to Rs 548 crore…
Indonesia announces plans for 75GW renewable energy expansion over 15 years
Indonesia has revealed plans to attract international investment for the development of 75GW of renewable energy within the next 15 years. The announcement, made at COP29 in Baku by Indonesia’s climate envoy, Hashim Djojohadikusumo, underscores the new administration’s goal to implement 100GW of new energy, with 75% dedicated to renewables like solar, hydro, geothermal, and…
PFC incorporates SPV for Fatehgarh-II synchronous condenser project
Power Finance Corporation Limited (PFC) has announced the incorporation of Fatehgarh II Transmission Limited as a wholly owned subsidiary of PFC Consulting Limited (PFCCL), which is itself a wholly owned subsidiary of PFC. The special purpose vehicle (SPV) has been formed for the installation of two Synchronous Condenser (SynCon) units at the 765/400/220 kV Fatehgarh-II…
SEIL to invest Rs 200 crore in breaker and switchgear panel capacity
Schneider Electric Infrastructure Ltd (SEIL) plans to invest about Rs 200 crore to expand manufacturing capacity for circuit breakers and switchgear panels. The investment will support new facilities and upgrades aimed at both domestic and international markets. SEIL will invest Rs 90.60 crore to set up a new circuit breaker plant in Kolkata with an…
Tamil Nadu approves 231 substations worth Rs 15,032 crore
Tamil Nadu Chief Minister C Joseph Vijay has approved the construction of 231 new substations at an estimated cost of Rs 15,032 crore as part of efforts to strengthen the state’s power distribution infrastructure and improve supply reliability. The decision was taken during a review meeting of the energy department at the Secretariat. The Chief…
Solarium Green secures Rs 17.38 mn rooftop solar order from NVVNL
Solarium Green Energy Limited has won a rooftop solar contract worth approximately Rs 17.38 million from NTPC Vidyut Vyapar Nigam Limited (NVVNL) for a 500 kW grid-connected rooftop solar project at IGM Noida. The contract includes Rs 12.43 million for the supply of plant and equipment, Rs 1.77 million for transportation, insurance, installation, and safety…
