Siemens Limited posted strong Q4 FY 2024 financial results, with a 45% increase in profit after tax to Rs 7.75 billion and an 11% revenue rise to Rs 58.94 billion. New orders grew by 37% to Rs 61.64 billion. For the financial year ending September...
Adani Green Energy Limited (AGEL) has established a new wholly-owned subsidiary, Adani Hydro Energy Five Limited (AHE5L), through its subsidiary Adani Saur Urja (KA) Limited. Incorporated on November 26, 2024, AHE5L is registered in Ahmedabad...
NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, has signed a Memorandum of Understanding (MoU) with Chhattisgarh State Power Generation Company Limited (CSPGCL) to develop renewable energy projects with a capacity of up to 2000 MW. ...
Solarworld Energy Solutions Limited has raised Rs 1.1 billion through a pre-IPO placement, reducing the fresh issue component of its IPO from Rs 5.5 billion to Rs 4.4 billion. Initially, the company planned to raise Rs 6 billion, as per the draft...
India has strongly opposed the adoption of a $300 billion annual climate finance package for the Global South by 2035 at the UN climate conference COP29 in Baku, Azerbaijan. India argued the package is inadequate compared to the $1.3 trillion...
The Union Minister for Power and Housing and Urban Affairs inaugurated NTPC’s Green Hydrogen Mobility Project in Leh. It includes a 1.7 MW in-situ solar plant, a green hydrogen filling station with 80 kg/day capacity, and five intra-city hydrogen...
The Ministry of Coal has executed agreements for three fully explored coal blocks, increasing the total number auctioned to 104 since the commencement of commercial coal mining. The Meenakshi and Rampia & Dip Side of Rampia coal blocks have been...
Waaree Technologies Limited has received a purchase order from Waaree Renewable Technologies Limited for 530 solar kits, comprising batteries and solar-powered street lights. The order is scheduled for delivery within eight weeks and has been...
NTPC Green Energy Limited (NGEL), a wholly owned subsidiary of NTPC, received an overall subscription of 2.4 times for its initial public offering (IPO) on the final day of bidding. The IPO offered 593 million equity shares at a price band of Rs...
French energy company TotalEnergies has suspended new financial contributions to the Adani Group following indictments of Adani Group executives by US authorities over alleged corruption linked to Adani Green Energy Limited (AGEL). The US Securities...
Rajesh Power Services Limited has launched its initial public offering (IPO), open for subscription until November 27, 2024. The IPO is valued at Rs 1.61 billion, with a price band of Rs 319 to Rs 335 per equity share, each with a face value of Rs...
Power Grid Corporation of India Ltd (PGCIL) has received the letter of intent (LoI) for developing the ISTS-TBCB scheme under “Rajasthan IV 4A Power Transmission Ltd.” The LoI, issued on November 25, 2024, pertains to the “Transmission system...
The Cabinet Committee on Economic Affairs (CCEA) has approved an investment of Rs 36.89 billion for two hydropower projects in Arunachal Pradesh to enhance the region’s power supply and support the national grid. The 186 MW Tato-I Hydro Electric...
Bharat Heavy Electricals Limited (BHEL) has awarded a Rs 52.28 million contract to PK Unique Projects Pvt. Ltd., Chennai, for civil, structural, and architectural works, including supply, as part of the renovation, modernization, and uprating of...
Sterlite Power Transmission Ltd has been awarded a contract valued at Rs 545 million by Power Grid Corporation of India Limited (PGCIL) for the supply and installation of Optical Ground Wire (OPGW) under the 9th and 11th National Communication Trunk...
A consortium of Bharat Heavy Electricals (BHEL) and Hitachi Energy India has secured a contract from Power Grid Corporation of India (PGCIL) for the Khavda-Nagpur High Voltage Direct Current (HVDC) transmission project. The contract involves...
Bharat Heavy Electricals Limited (BHEL) is set to commission nine GW of thermal power generation capacity in the current financial year. This addition, valued at approximately Rs 650 billion, will contribute to the nation’s existing 237 GW thermal...
Eminent Electricity Distribution, a subsidiary of CESC under the RP-Sanjiv Goenka Group, has secured a letter of intent (LoI) to acquire 100 per cent equity in Chandigarh’s electricity distribution and retail supply company for Rs 8.71...
Avaada Aqua Batteries, a subsidiary of Avaada Group, has signed a Memorandum of Understanding (MoU) with the Rajasthan government to establish a 1.2 GW pumped storage project (PSP) in the Sirohi district. With a budget of Rs 58 billion, the project...
The Ministry of Coal has commenced the 10th round of commercial coal mine auctions, offering five mines on the first day with combined geological reserves of 2,630.77 million tonnes and a peak-rated capacity of 12 million tonnes per annum. The fully...
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Lumax Greenfuel (Greenfuel Energy Solutions Pvt. Ltd.) has established itself as a prominent player...
Waaree Solar Americas, a subsidiary of Waaree Energies Limited, has secured an order for the supply...
Indosolar Limited, a subsidiary of Waaree Energies Limited, reported revenue from operations of Rs...
Indian Energy Exchange Limited (IEX) reported a consolidated profit after tax (PAT) of Rs 134.8...
NTPC Green Energy Limited (NGEL) has declared the commercial operation of 64.76 MW, the first part...
Adani Green Energy Limited (AGEL) reported a profit of Rs 983 crore for the quarter ended June 30...
The National Bank for Agriculture and Rural Development (NABARD) and Mahatma Phule Renewable Energy...
The Bihar State Power Generation Company Limited (BSPGCL) has invited Expressions of Interest (EOIs)...
Kalpataru Projects International Limited (KPIL) has completed the charging and energisation of the...
Shri Rajesh Pandey, IAS, assumed charge as the 51st Chairman of Damodar Valley Corporation (DVC) on...