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: October 14, 2025 Viviana Power Tech Limited has signed multiple Memoranda of Understanding (MoUs) with the Gujarat government, worth Rs 2,448 crore, on the opening day of the Vibrant Gujarat Regional Conference (VGRC) 2025. The agreements cover the design, supply, and execution of substations, power transmission and distribution systems, renewable energy projects, smart grid upgrades, and the manufacturing and supply of transformers. The projects are expected to create employment for over…
Author: PPD Team Date: November 20, 2025 Nuvoco Vistas Corporation has agreed to acquire Gujarat-based Vadraj Energy for Rs 200 crore to strengthen captive power supply for its cement operations. The purchase is from JSW Cement Ltd and Alpha Alternatives Holdings. Nuvoco Vistas said it has signed a Securities Purchase Agreement to take full ownership of Algebra Endeavour Private Ltd, which holds Vadraj Energy. The company runs power generation assets in Kutch and Surat. Nuvoco…
Author: PPD Team Date: January 6, 2025 Himachal Pradesh Chief Minister Sukhvinder Sukhu announced the installation of a 2 MW solar power plant in Kaza, Lahaul-Spiti district, to enhance power supply in the remote region. The plant will be fully operational soon, with the addition of a 1 MWh battery storage system. The state is focusing on increasing solar energy use to become a “green state.” In addition, 18 MW of solar plants are planned…
Author: PPD Team Date: May 6, 2025 REC Power Distribution Company Limited (REC PDCL) has launched a bidding process to select transmission service providers (TSPs) for two major transmission projects in Karnataka. The bids were invited on April 30, 2025, through tariff-based competitive bidding (TBCB) on a build, own, operate, and transfer (BOOT) basis. The last date to submit bids is July 4, 2025. The projects involve establishing 400 kV substations and associated transmission lines…
Author: PPD Team Date: September 11, 2025 Adani Power Limited has secured a Letter of Award (LoA) from MP Power Management Company Limited (MPPMCL) for the supply of an additional 800 MW of power under the greenshoe option. With this, the total awarded capacity has increased to 1,600 MW. The project will involve setting up a 1,600 MW ultra-supercritical thermal power plant in Anuppur district, Madhya Pradesh, under the Design, Build, Finance, Own, and Operate…
Author: PPD Team Date: March 12, 2025 The Delhi High Court has upheld a Rs 1.15 billion arbitration award in favor of Bharat Heavy Electricals Limited (BHEL) in a dispute with RattanIndia Power Limited over the Nasik Thermal Power Project Phase I. The ruling, delivered on March 6, 2025, reinforces BHEL’s claim, including an 18% annual interest from 30 days after the original award date of July 27, 2017. The project, implemented by RattanIndia Nasik…