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Havells India: Cables business grows 23 per cent in Q2FY25

Author: PPD Team Date: 18/10/2024 Havells India reported a revenue increase of 22.8% year-on-year in its cables business for Q2 FY25 (July to September). Revenue reached Rs 18.05 billion, up from Rs 14.70 billion in Q2 FY24. Anil Rai Gupta, Chairman...

Polycab India Q2 FY25: Strong demand boosts wire & cable business growth

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...

Netinium and Wirepas partner for smart metering solutions

Author: PPD Team Date: 18/10/2024 Netinium and Wirepas have announced a partnership to enable scalable and standardized smart metering solutions for utilities globally.  The collaboration leverages Wirepas’ non-cellular 5G RF mesh connectivity, which...

India’s renewable energy capacity to grow at double the rate of overall energy capacity by 2030: CRISIL

Author: PPD Team Date: 18/10/2024 According to a report by CRISIL, India’s renewable energy (RE) capacity, excluding large hydro projects, is expected to grow at a compound annual growth rate (CAGR) of 16.5%-17%, reaching 360-370 GW by fiscal 2030. ...

Servotech partners with Ensmart Power to expand EV charger business in UK

Author: PPD Team Date: 18/10/2024 Servotech Power Systems has announced a collaboration with UK-based Ensmart Power to expand its electric vehicle (EV) charger business in the UK and North America.  The partnership aims to leverage Servotech’s...

India to drive global energy demand by 2035, says IEA

Author: PPD Team Date: 18/10/2024 India is set to become the global engine for energy demand growth through 2035, according to the International Energy Agency’s (IEA) World Energy Outlook 2024.  The report highlights India’s rapid...

PFC Infra Finance IFSC receives approval to operate in GIFT City

Author: PPD Team Date: 18/10/2024 PFC Infra Finance IFSC Limited (PIFIL), a wholly owned subsidiary of Power Finance Corporation Limited (PFC), has been approved by the International Financial Services Centres Authority (IFSCA) to commence business...

KEI Industries approves Rs 20 billion QIP proposal

Author: PPD Team Date: 17/10/2024 KEI Industries Ltd’s board of directors has approved a proposal to raise Rs 20 billion through a qualified institutional placement (QIP). The funds will be raised via the issuance of equity shares or other eligible...

JSW, Tata Power, Avaada, Juniper win MSEDCL’s 1,650 MW wind-solar auction

Author: PPD Team Date: 17/10/2024 Maharashtra State Electricity Distribution Company (MSEDCL) has selected JSW Neo Energy, Tata Power Renewable Energy Limited (TPREL), Avaada Energy, and Juniper Green Energy as the winners of its 1,650 MW wind-solar...

Indian Oil and EverEnviro form JV for CBG production

Author: PPD Team Date: 17/10/2024 Indian Oil Corporation (IOCL) has partnered with EverEnviro Resource Management to establish a joint venture (JV) focused on converting organic waste into compressed biogas (CBG).  The two companies will share equal...

Waaree Energies to launch Rs 36 billion IPO

Author: PPD Team Date: 17/10/2024 Waaree Energies has announced its initial public offering (IPO), set to launch on October 21, 2024. The anchor investor bidding will open on October 18, and the offer will close on October 23. The IPO includes 4.8...

EEX, IGX, and GIZ partner to develop hydrogen trading market in India

Author: PPD Team Date: 17/10/2024 The European Energy Exchange (EEX), Indian Gas Exchange (IGX), and GIZ (Gesellschaft für Internationale Zusammenarbeit) have signed an agreement to establish a hydrogen trading market in India.  This initiative is...

KPI Green signs PPAs with GUVNL for renewable energy projects

Author: PPD Team Date: 17/10/2024 KPI Green Energy has signed power purchase agreements (PPAs) with Gujarat Urja Vikas Nigam (GUVNL) for 620 MWAC (917 MWDC) renewable energy projects.  The agreement includes a 250 MWAC (275 MWDC) grid-connected solar...

PGPPL signs SPA to acquire 100 per cent stake in Deshraj Solar Energy

Author: PPD Team Date: 17/10/2024 Purvah Green Power Private Limited (PGPPL), a wholly owned subsidiary of CESC Limited, has signed a share purchase agreement (SPA) to acquire a 100 per cent stake in Deshraj Solar Energy Private Limited.  Upon...

MNRE clarifies ALMM exemption for solar projects with prior approval

Author: PPD Team Date: 17/10/2024 The Ministry of New and Renewable Energy (MNRE) has clarified that its Approved List of Models and Manufacturers (ALMM) order does not apply to open access and net-metering solar projects that secured approvals...

Avaada Energy secures Rs 5.97 billion refinancing for solar projects

Author: PPD Team Date: 17/10/2024 Avaada Energy, part of Avaada Group, has secured approximately Rs 5.97 billion in refinancing for its commercial and industrial (C&I) solar projects in Karnataka and Maharashtra.  The refinancing was provided by...

CEA concludes Brainstorming Conclave on Indian Power Sector Scenario 2047

Author: PPD Team Date: 17/10/2024 The Central Electricity Authority (CEA) concluded its two-day Brainstorming Conclave on the ‘Indian Power Sector Scenario 2047’ in New Delhi on October 14-15, 2024. The event, attended by over 1,500 delegates...

SPV incorporated for Bhadla-Bikaner complex ISTS scheme

Author: PPD Team Date: 17/10/2024 PFC Consulting Ltd (PFCCL) has formed a wholly-owned subsidiary, “Bikaner and Bhadla Transmission Complex Ltd,” to serve as the special purpose vehicle (SPV) for the project “Transmission system...

MNRE increases solar module capacity under ALMM by 2.09 GW

Author: PPD Team Date: 17/10/2024 The Ministry of New and Renewable Energy (MNRE) has expanded the Approved List of Models and Manufacturers (ALMM) by adding 2,094 MW of solar module capacity, bringing the total capacity to 58,422 MW.  Major...

PFCCL signs MoU with CEA to collaborate on power sector projects

Author: PPD Team Date: 16/10/2024 On October 14, 2024, PFC Consulting Ltd (PFCCL), a wholly-owned subsidiary of Power Finance Corporation, signed a memorandum of understanding (MoU) with the Central Electricity Authority (CEA) to collaborate on...

Recent Posts

Power Sector News Roundup for July 23, 2025

Author: PPD Team Date: 23/07/2025 Global UK clears final investment for Sizewell C nuclear project...

UK clears final investment for Sizewell C nuclear project

Author: PPD Team Date: 23/07/2025 The UK government has approved the final investment decision for...

Torrent Power outlines Rs 500 bn investment in renewables and grid infrastructure

Author: PPD Team Date: 23/07/2025 Torrent Power plans to invest Rs 50,000 crore over the next three...

Adani promoters raise stake in AGEL through warrant conversion

Author: PPD Team Date: 23/07/2025 Ardour Investment Holding, a promoter entity of the Adani Group...

India’s first indigenous geothermal power plant to be built in Arunachal

Author: PPD Team Date: 23/07/2025 India’s first fully indigenous geothermal power project will be...

Chandigarh races ahead in solar push with new 4 MWp floating plant

Author: PPD Team Date: 23/07/2025 The Chandigarh Administration is expanding its use of floating...

Centre explores battery storage for thermal power to offset renewable volatility

Author: PPD Team Date: 23/07/2025 The power ministry is examining the use of battery energy storage...

DPE approves leaner board structure for THDC and NEEPCO

Author: PPD Team Date: 23/07/2025 The Department of Public Enterprises (DPE) has approved a...

NTPC REL signs MoU with GEDA for 300 MW RE projects

Author: PPD Team Date: 23/07/2025 NTPC Renewable Energy Limited (NTPC REL) has signed a Memorandum...

Tata Power’s Mundra plant shut since July 1 amid tariff uncertainty

Author: PPD Team Date: 23/07/2025 All five units of Tata Power’s Mundra power plant have remained...