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Coal India reports 22% decline in Q2 net profit

Coal India Limited (CIL) has reported a net profit of Rs 62.75 billion for the quarter ending September 2024, marking a 22.04% decrease from Rs 80.49 billion in the same quarter last year.  The company’s total income for the quarter stood at Rs...

MoP urges states to identify sites for nuclear power projects

Power Minister Manohar Lal Khattar has encouraged states to identify viable sites for nuclear power plants, especially in areas far from coal sources.  The government has already shortlisted 18 locations across the country for new nuclear capacity...

India signs MoU with IEA for critical minerals cooperation

The Ministry of Mines has signed a memorandum of understanding (MoU) with the International Energy Agency (IEA) to advance cooperation in critical minerals.  This agreement, recently approved by the Cabinet, will grant India access to IEA’s data...

Tata Power commissions 126 MW floating solar project in Madhya Pradesh

Tata Power Renewable Energy Limited (TPREL) has commissioned a 126 MW Omkareshwar floating solar project in the Khandwa district of Madhya Pradesh.  The Rs 5.96 billion engineering, procurement, and construction (EPC) project was awarded by NHDC...

Power ministry to launch Rs 10 billion scheme for MSME energy efficiency

The Ministry of Power (MoP) is set to launch a Rs 10 billion scheme to support energy efficiency initiatives among small and medium businesses, aiming to incentivize adoption of energy-efficient technologies.  Under the Bureau of Energy...

NHPC to commission Parbati-II hydroelectric project by March 2025

NHPC has announced that all four units of the Parbati-II Hydroelectric Project (800 MW) in Himachal Pradesh are expected to be operational by March 2025.  This run-of-the-river project is designed to harness the hydro potential of the lower reaches...

PFCCL establishes SPV for Wahipora and Sallar Transmission project

PFC Consulting Limited (PFCCL) has established Wahipora and Sallar Transmission Limited for the transmission project involving the construction of grid substations at Wahipora and Sallar in Kashmir.  The project encompasses the downstream...

Solex Energy reports 194% revenue growth

Solex Energy Limited reported robust financial performance in H1 FY2024-25, with total income surging 194% to Rs 2.731 billion, up from Rs 930 million in H1 FY24. EBITDA increased 168% to Rs 253.7 million, and net worth expanded 244% to Rs 1.317...

Surana Solar acquires Surana Technologies

Surana Solar Limited has acquired a 100% stake in Surana Technologies Private Limited, making it a wholly-owned subsidiary.  Surana Technologies, with an authorized, subscribed, and paid-up capital of Rs 100,000, operates in the solar energy sector...

NHPC reports Rs 10.69 billion net profit for Q2 FY2024, down 36.86%

NHPC Limited has reported a net profit of Rs 10.69 billion for the quarter ending September 2024, marking a 36.86% decline from Rs 16.93 billion in the same quarter the previous year.  However, the company’s total income rose by 9.25% to Rs 34.02...

Kalpataru Projects secures Rs 22.73 billion in new orders

Kalpataru Projects International Limited (KPIL) has announced new orders totalling Rs 22.73 billion across domestic and international markets.  The orders, awarded to KPIL along with its joint ventures and subsidiaries, cover Transmission &...

Insolation Energy secures Rs 714 million order for solar PV modules

Insolation Energy Ltd., via its wholly-owned subsidiary Insolation Green Energy Private Limited, has received a Rs 714 million purchase order from ACME Cleantech Solutions Private Limited.  The order is for the supply of solar PV modules. Recently...

Patel Engineering reports 151% profit surge in Q2 FY25

Patel Engineering Limited announced a net profit increase of 151% year-over-year for Q2 FY25.  For the quarter ending September 30, 2024, the company reported a revenue increase of 14.98%, reaching Rs 11,743 million, driven by progress in hydropower...

Rajasthan signs MoU with RMC Switchgears for 1,000 MW solar park

The Government of Rajasthan signed a Memorandum of Understanding (MoU) with RMC Switchgears Limited on November 9, 2024, to set up a 1,000 MW Ultra Mega Solar Park Project (UMSPP) with an integrated Battery Energy Storage System (BESS).  The project...

BHEL secures contract for Telangana Stage-II thermal power plant

Bharat Heavy Electricals Ltd (BHEL) has secured a contract from NTPC Ltd to establish the main plant package for the 3×800 MW Telangana Stage-II supercritical thermal power plant.  The contract encompasses design, engineering, manufacturing, supply...

L&T secures Rs 150 billion NTPC contract for thermal power plants

Larsen & Toubro’s (L&T) Energy CarbonLite Solutions division has received a ‘Limited Notice to Proceed’ (LNTP) from NTPC to develop thermal power plants valued at over Rs 150 billion.  The contract includes main plant...

Waaree Renewable secures 41.6 MW solar project in Tamil Nadu

Waaree Renewable Technologies Ltd (WRTL) has secured an order to establish a 41.6 MW solar project in Cuddalore, Tamil Nadu.  The project, valued at approximately Rs 1.47 billion, is scheduled for completion in the fiscal year 2025-26.  This...

Power Grid acquires Bikaner A and B Transmission Projects for Rajasthan REZ

Power Grid Corporation of India Ltd (PGCIL) has acquired Bikaner A Power Transmission Ltd (BATPL) and Bikaner B Power Transmission Limited, both established to support the “Transmission system for evacuation of power from Rajasthan REZ Phase IV...

Sugs Lloyd wins Rs 3 billion power infrastructure projects in Bihar

Sugs Lloyd has emerged as the lowest bidder for two Bihar government projects worth Rs 3 billion. The contracts include the supply, installation, testing, and commissioning (SITC) of a power substation along with high-tension (HT) and low-tension...

Sunkind secures 570 MW solar project from Maharashtra government

Sunkind has announced securing a 570 MW solar energy project from Maharashtra State Power Generation Company Limited (Mahagenco) under the Mukhyamantri Saur Krushi Vahini Yojana (MSKVY 2.0 scheme).  The project includes a 569 MW EPC component and a...

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Interview with Akshay Kashyap: green hydrogen, CNG, and EVs must coexist to decarbonise India’s roads

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NTPC Green commissions 64.76 MW at Khavda

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Bihar seeks developers to build pumped storage projects statewide

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Kalpataru energises 101.39 km transmission lines in Rajasthan

Kalpataru Projects International Limited (KPIL) has completed the charging and energisation of the...

Rajesh Pandey assumes charge as DVC’s 51st Chairman

Shri Rajesh Pandey, IAS, assumed charge as the 51st Chairman of Damodar Valley Corporation (DVC) on...