Author: PPD Team Date: November 13, 2024
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 billion during this quarter, compared to Rs 31.14 billion in the corresponding period last year.
Author: PPD Team Date: February 16, 2026 Inox Wind Limited (IWL) and Inox Green Energy Services Limited (Inox Green), part of the INOXGFL Group, reported higher revenue and profit for the quarter ended December 31, 2025. IWL posted its strongest quarterly performance to date, while Inox Green recorded a 51% increase in revenue, supported by the expansion of its operations and maintenance portfolio. IWL reported consolidated revenue of Rs 1,238 crore in Q3 FY26, up…
Author: PPD Team Date: June 30, 2025 The World Bank has approved a $146 million grant through the International Development Association (IDA) to restore Syria’s damaged power infrastructure. The Syria Electricity Emergency Project (SEEP) aims to repair high-voltage lines and substations, with a focus on war-affected regions and key 400kV interconnections with Jordan and Türkiye. Most parts of Syria currently receive just two to four hours of power daily, affecting water, healthcare, and food services….
Author: PPD Team Date: January 2, 2025 India’s renewable energy sector has made significant strides, with installed capacity surpassing 200 gigawatts (GW) and projections of investment doubling to over Rs 2.75 trillion by 2025. According to the International Energy Agency (IEA), India’s annual renewable capacity additions are set to grow faster than any other major economy, including China, with expectations for the country’s capacity to more than quadruple from 15 GW in 2023 to 62…
Author: PPD Team Date: January 6, 2026 Bondada Engineering Limited has received a Letter of Award (LoA) from Andhra Pradesh Power Transmission Corporation Limited (AP TRANSCO) for a major Battery Energy Storage System (BESS) project valued at about Rs 627 crore. The project involves setting up a 225 MW / 450 MWh standalone BESS facility under a build-own-operate model in Andhra Pradesh. The project will be set up at the 400/220 kV SS Hindupur substation…
Author: PPD Team Date: October 21, 2024 Tata Power Limited has received a letter of intent (LoI) from REC Power Development and Consultancy Limited (RECPDCL), a subsidiary of REC Limited, to acquire the special purpose vehicle (SPV) ERES-XXXIX Power Transmission Limited. The project, to be developed on a build-own-operate-transfer (BOOT) basis, will offer transmission services for 35 years starting from the commercial operation date scheduled for December 31, 2027. The project includes the construction of…
Author: PPD Team Date: March 24, 2025 The Ministry of Power (MoP) has directed all states and implementing agencies to finalise the awarding of battery energy storage system (BESS) contracts by June 2025. This move aims to ensure the completion of the viability gap funding (VGF) programme by May 2027. Once contracts are awarded, the programme will require 18 to 24 months for implementation. Due to declining BESS prices, the initial target of 4,000 MWh…