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Apollo Green Energy targets Rs 100 billion project portfolio, IPO on horizon

Apollo Green Energy Limited (AGEL), part of Apollo International Group, has announced plans to build a Rs 100 billion project portfolio by 2025.  Currently, its order book stands at Rs 35 billion, with active solar projects valued at Rs 25 billion...

MNRE invites proposals to set up R&D facilities for green hydrogen

The Ministry of New and Renewable Energy (MNRE) has issued a call for proposals to establish Centers of Excellence (CoEs) under the National Green Hydrogen Mission’s (NGHM) Research and Development (R&D) programme, with a deadline of December 19...

SJVN reports net profit of Rs 4,399 million in the Q2 of 2024-25

SJVN Limited has announced its financial results for the quarter ending September 2024 (Q2 FY25), reporting a consolidated net profit of Rs 4,399 million, a slight increase from Rs 4,396.4 million in the same period last year.  The company’s...

Sterling Tech-Mobility collaborates with Chinese firm for EV component plant

Sterling Tech-Mobility has announced plans to set up a manufacturing facility in Bengaluru, Karnataka, in partnership with Chinese firm Kunshan GLVAC Yuantong New Energy Technology.  This initiative will focus on producing high-voltage DC (HVDC)...

Waaree Energies secures 180 MWp solar module supply order

Waaree Energies has secured an order to supply up to 180 MWp of solar modules to a prominent renewable energy developer in India.  Deliveries are set to begin at the end of November 2024 and conclude by the fourth quarter of fiscal year 2025.  This...

HP Green R&D Centre inks tie-up with EIL for hydrogen technology

Hindustan Petroleum Corporation’s R&D arm, HP Green R&D Centre (HPGRDC), has entered a collaboration with Engineers India Limited (EIL) to commercialise its indigenous hydrogen pressure swing adsorption (HP-PSA) technology.  Under this...

Waaree Renewable posts robust Q2 growth with Rs 5,244.7 million revenue

Waaree Renewable Technologies Limited (WRTL), the solar EPC arm of Waaree Group, reported Q2 FY25 revenue of Rs 5,244.7 million, a 249.50% increase from Rs 1,500.6 million in Q2 FY24. Profit after tax (PAT) stood at Rs 535.2 million, while its...

Gentari, Juniper Green, and others secure SJVN’s 1.2 GW hybrid power auction

Gentari Renewables India Utilities 2, Juniper Green Energy, EG Energy Development (Enfinity Global), Sunsure Solarpark RJ One, and Adyant Enersol (Datta Infra) emerged as winners in SJVN’s Phase III auction for 1,200 MW of ISTS-connected wind-solar...

ACME Solar launches Rs 30 billion IPO

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 and RVUNL form joint venture for Chhabra thermal power plant

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 reports Rs 10.93 billion net profit in Q2, up 7.47% YoY

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 approves Rs 800 billion investment for 6,400 MW thermal projects

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 plans 500 MW solar module plant

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 secures Rs 8.87 billion order from Singareni Collieries

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...

IEX records 4% increase in traded electricity volume in October 2024

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...

RECPDCL forms two SPVs for ISTS projects in Karnataka and Tamil Nadu

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...

India to revamp electricity demand forecasting to enhance grid stability

India is overhauling its electricity demand forecasting approach to better align generation capacity with actual needs and support grid stability amid growing clean energy volumes.  The Central Electricity Authority (CEA) is collaborating with...

India approves 50 solar parks to boost 37.5 GW renewable capacity

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 expands with 1 MW green hydrogen system in Russia

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...

ISA’s seventh assembly showcases global solar initiatives and launches new projects

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...

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Waaree Solar Americas secures 125 MW HJT module supply order

Waaree Solar Americas, a subsidiary of Waaree Energies Limited, has secured an order for the supply...

Indosolar reports Rs 68.36 crore revenue in Q1 amid business shift

Indosolar Limited, a subsidiary of Waaree Energies Limited, reported revenue from operations of Rs...

IEX reports 11.7% rise in Q1 profit as electricity volumes grow

Indian Energy Exchange Limited (IEX) reported a consolidated profit after tax (PAT) of Rs 134.8...

NTPC Green commissions 64.76 MW at Khavda

NTPC Green Energy Limited (NGEL) has declared the commercial operation of 64.76 MW, the first part...

Adani Green posts Rs 983 crore profit in Q1 as capacity crosses 20 GW

Adani Green Energy Limited (AGEL) reported a profit of Rs 983 crore for the quarter ended June 30...

NABARD, MAHAPREIT partner to finance rural green infrastructure

The National Bank for Agriculture and Rural Development (NABARD) and Mahatma Phule Renewable Energy...

Bihar seeks developers to build pumped storage projects statewide

The Bihar State Power Generation Company Limited (BSPGCL) has invited Expressions of Interest (EOIs)...

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...

Bondada receives CEA approval for 300 MW Khavda solar project

Bondada Engineering Limited has received approval for energisation from the Central Electricity...