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BHEL sees 23% growth in order inflows in H1FY25
Bharat Heavy Electricals Ltd (BHEL) reported a 23% increase in order inflows in the first half of FY25, reaching Rs 41.09 billion, up from Rs 33.48 billion in H1FY24. The power sector led the order bookings, contributing 93% of the inflows. As of September 30, 2024, BHEL’s outstanding order book stood at Rs 1.60 trillion, with 78.5% from the power sector, 19.1% from the industry sector, and 2.3% from exports. BHEL’s power T&D offerings fall…
US DOE allocates $2 billion for 38 projects to enhance power grid resilience
The US Department of Energy (DOE) has announced nearly $2 billion in funding for 38 projects under the Grid Resilience and Innovation Partnerships (GRIP) program. The initiative aims to upgrade transmission and distribution infrastructure, introducing advanced technologies to support over 7.5 GW of grid capacity. These efforts are expected to accelerate the integration of clean energy projects, create around 6,000 jobs, and leverage over $4.2 billion in public and private investment, ensuring reliable and clean…
MSEDCL awards 5 GW solar power contract to Adani Power
Maharashtra State Electricity Distribution Company (MSEDCL) has issued a letter of intent (LoI) to Adani Power (APL) for the supply of 5,000 MW of solar power to Maharashtra. This follows Adani Group’s successful bid to supply a total of 6,600 MW, including 5,000 MW of solar power and 1,600 MW of thermal power. Adani Green Energy (AGEL) will enter into a long-term power purchase agreement (PPA) with MSEDCL to provide solar energy from the world’s…
Hellenic Cables secures contract for Leading Light Wind project in the US
Hellenic Cables, part of Cenergy Holdings, has won a contract to supply 65km of 132kV inter-array cables for the Leading Light Wind project, a 2.4GW offshore wind farm located over 40 miles off the New Jersey coast. Cable manufacturing will commence in autumn 2024 at the company’s Corinth facility in Greece, with delivery expected by 2030. The Leading Light Wind project, a joint venture between Invenergy and energyRe, is the sole American-led initiative in the…
Diamond Power wins Rs 1.09 billion contract for power cable supply
Diamond Power Infrastructure has received a letter of intent (LoI) from Swastika Infra for the supply of power cables, securing a contract worth Rs 1.09 billion. The contract involves supplying 11 kV 240 sq. mm XLPE Al 3 core cable for a robust project under the Madhya Gujarat Vij Company (MGVCL) schemes. The order will be fulfilled on a kilometre rate basis for Swastika Infra, a contractor of MGVCL. This contract further strengthens Diamond Power’s…
India achieves record coal production in FY24, surpassing 997 million tonnes
India recorded its highest-ever coal production in FY24, reaching 997.828 million tonnes, an 11.71 per cent increase from FY23. In Q1 FY25, India produced 247.396 million tonnes of coal, a 10.75 per cent increase from 223.376 million tonnes in the same period last year. Several initiatives contributed to this growth. The Single Window Clearance portal expedited the operationalization of coal mines. Captive coal mines were permitted to sell up to 50 per cent of their…