ACME Solar launched its initial public offering (IPO) today, November 6, 2024, valued at Rs 30 billion, with a price band of Rs 275 to Rs 289 per equity share. The IPO, open until Friday, November 8, 2024, requires a minimum bid of 51 shares, with...
NTPC Limited has signed a joint venture agreement (JVA) with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) to jointly own and operate the Chhabra thermal power plant. The 2,320 MW plant, currently managed by RVUNL, comprises four 250 MW units...
Tata Power Company Limited posted a net profit of Rs 10.93 billion for the quarter ending September 2024, marking a 7.47 per cent rise from Rs 10.17 billion in the same period last year. The company’s total income grew by approximately 1.13...
NTPC‘s board has approved investment proposals totalling approximately Rs 800 billion for thermal power projects with a combined capacity of 6,400 MW. The approved projects include: Telangana Super Thermal Power Project, Phase-II: 3×800 MW...
Apollo Green Energy is set to establish a 500 MW solar module plant within the next two to three years, aligning with India’s target to reach 500 GW of renewable capacity by 2030, up from the current 154 GW. The company, specializing in renewable...
Solar Industries India has received an order worth Rs 8.87 billion from Singareni Collieries Company (SCCL) to supply SME explosives, LDC explosives, and initiating systems for overburden blasting over two years. This contract bolsters Solar...
The Indian Energy Exchange (IEX) reported a traded electricity volume of 9,642 million units (MU) in October 2024, marking a 4% year-on-year growth. IEX also traded 4.44 lakh renewable energy certificates (RECs) in October, a notable 105% increase...
REC Power Development & Consultancy Ltd (RECPDCL), as the bid process coordinator, has launched two wholly-owned subsidiaries to act as special purpose vehicles (SPVs) for ISTS-TBCB schemes currently under bidding. These SPVs, Bidar Transco Ltd...
The Union Ministry of Renewable Energy has approved the establishment of 50 solar parks with a combined capacity of 37.5 GW, marking a major milestone in India’s renewable energy journey. These solar parks will be strategically placed across various...
Airox Nigen has launched a 1 MW green hydrogen system in Russia, marking a significant step in its global expansion and commitment to environmental sustainability. This system, designed to produce hydrogen without greenhouse gas emissions, aligns...
The International Solar Alliance (ISA) opened its seventh Assembly session in New Delhi, with ministers from 29 nations in attendance. India’s Minister for New and Renewable Energy and ISA Assembly President, Shri Pralhad Joshi, emphasized the...
In October, India’s renewable energy sector surged with 16 new tenders, totalling a capacity of 11,098 MW. Auctions allocated 6,316 MW to various developers, pushing India’s total renewable capacity beyond 200 GW, including large hydro, while total...
K.P. Energy, based in Gujarat, has secured engineering, procurement, and construction (EPC) contracts totalling 1,003.7 MW from its parent company, KPI Green Energy. The projects include an 86.8 MW hybrid plant (70 MW solar and 16.8 MW wind), a...
NTPC Limited, through its R&D arm NETRA, is set to build a green hydrogen production plant that will use plasma oxy gasification technology for municipal solid waste (MSW) and agri-waste. This pioneering plant will generate high-purity hydrogen...
Suzlon Group reported a net profit of Rs 2 billion for the quarter ending September 2024, marking a 96% increase from Rs 1.02 billion in the same period last year. Total income rose by approximately 48% to Rs 21.21 billion, up from Rs 14.29 billion...
Refex Green Power Limited (RGPL), a wholly-owned subsidiary of Refex Renewables & Infrastructure Limited, has acquired the remaining 51% equity stake in Sherisha Solar SPV Two Private Limited. This acquisition increases RGPL’s ownership to...
Insolation Energy Limited has won a contract valued at Rs 5 billion from Rajasthan Renewable Energy Corporation Limited (RRECL) to install 77 MW of rooftop solar power systems across Rajasthan. The project includes the design, supply, erection...
KEC International Ltd has recorded its highest-ever order book, including L1 positions, reaching over Rs 425 billion as of November 5, 2024. The confirmed order book stands at Rs 340.88 billion, with an L1 position valued at around Rs 85 billion...
Prime Minister Narendra Modi inaugurated a solar-powered electric vehicle (EV) charging carport at the Statue of Unity in Kevadia, Gujarat. Developed by Convergence Energy Services Ltd (CESL), an Energy Efficiency Services Ltd subsidiary, this...
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Prime Minister Narendra Modi laid the foundation stone for a 50 MW floating solar project at West...
In two consecutive sittings of the Expert Appraisal Committee for thermal power projects, held on...
GREW Solar has received a repeat order worth about Rs 500 crore from an independent power producer...
The government is preparing PM-KUSUM 2.0 with a dedicated 10 GW agrivoltaic (agri-PV) component to...
Aerem has appointed Nilesh Malani as Executive Director. In this role, he will lead the company’s...
Eastman Auto & Power Limited (EAPL) has operationalised an 800 MW solar photovoltaic (PV) panel...
KEC International Limited has secured new orders worth Rs 1,476 crore across its Transmission and...
Indo-Tech Transformers Limited has disclosed the cancellation of a Rs 64.99 crore order from Renew...
ACME Solar Holdings Limited (ASHL) has commissioned the third phase of its battery energy storage...
Dilip Buildcon Limited (DBL) has received a Letter of Intent from REC Power Development and...