Author: PPD Team Date: 25/11/2024
Power Grid Corporation of India Limited (PGCIL) has commissioned the North Eastern Region Strengthening Scheme-XII (NERSS-XII) project, effective 2 November 2024.
The notification for commercial operation was received on 23 November 2024.
NERSS-XII is an interstate transmission scheme aimed at enhancing the power infrastructure in India’s North-East region. PGCIL developed the project for Rs 5.76 billion.
Author: PPD Team Date: 08/11/2024 One year after the COP28 pledge to double global energy efficiency by 2030, a report from the International Energy Agency (IEA) reveals that countries are falling short of this goal. The IEA’s Energy Efficiency 2024 report shows that global primary energy intensity—a core energy efficiency metric—is set to improve by around 1% in 2024, the same rate as in 2023, far below the 4% target needed by 2030. At COP28,…
Author: PPD Team Date: 19/12/2024 Indian Metals & Ferro Alloys (IMFA) has formed a joint venture with JSW Green Energy to source 70 MW of renewable energy for its smelting operations. IMFA has signed a binding term sheet with JSW Green Energy One and JSW Green Energy Seven, committing Rs 832.6 million to a wind-solar hybrid project, which includes 50 MW solar and 100 MW wind capacity. The company will also finalize a 25-year power…
Author: PPD Team Date: 03/02/2025 Waaree Energies Limited has reported a remarkable performance for Q3 FY 2024-25, with total income rising by 114.63% to Rs 35,452.65 million. The earnings before interest, tax, depreciation, and amortisation (EBITDA) surged by 256.97% to Rs 8,097.05 million, while profit after tax (PAT) increased by 259.98% to Rs 5,068.76 million. The EBITDA margin expanded to 22.84%, up from 13.73%, and the PAT margin improved to 14.30% from 8.52% in Q3…
Author: PPD Team Date: 25/02/2025 Damodar Valley Corporation (DVC) is set to begin construction on the 1,600 MW Chandrapura Ultra Supercritical Power Project. The project has received in-principle approval from the Central Government. DVC plans to expand capacity at the Chandrapura Thermal Power Station in Bokaro, Jharkhand, after demolishing decommissioned units. The expansion will require an investment of Rs 165 billion. The existing plant has two operational units (Units 7 and 8) of 250 MW…
Author: PPD Team Date: 18/10/2024 Polycab India Ltd reported significant growth in its wire and cable business for Q2 FY25 (July to September). The company’s wire and cable revenue rose 23% year-on-year to Rs 46.07 billion, driven by favorable commodity prices and strong market demand. Domestically, the institutional segment surpassed distribution, and wires outperformed cables. Internationally, the business saw a 36% quarter-on-quarter increase, contributing 6.1% to Polycab’s total revenue. However, EBIT margins dropped to 12.3%,…
Author: PPD Team Date: 08/11/2024 Tata Power has committed Rs 5.5 billion towards establishing solar and wind power capacities to supply clean energy to Noida International Airport (NIA) in Uttar Pradesh. The company has signed two power purchase agreements with NIA, supporting the airport’s sustainable energy infrastructure. Through its subsidiary, Tata Power Trading Company (TPTCL), Tata Power will provide 10.8 MW of wind energy, while Tata Power Renewable Energy (TPREL) will develop, operate, and maintain…