Author: PPD Team Date: 30/10/2024
NLC India Limited has posted a net profit of Rs 9.82 billion for the quarter ending September 2024, marking a 9.58% decrease from the Rs 10.86 billion reported in the same period last year.
However, the company’s total income rose by approximately 35%, reaching Rs 43.70 billion for the quarter, compared to Rs 32.34 billion in the corresponding period of the previous year.
Author: PPD Team Date: 05/05/2025 The joint venture of GP Eco Solutions India Limited and Synergy Wave Limited has received a Letter of Intent (LoI) worth Rs 505.2 million from Braithwaite & Company Limited (BCL). The contract is for setting up a 10 MW solar photovoltaic (PV) project in Jagatsinghpur district, Odisha. BCL had invited bids for the project in March 2025. The scope includes design, engineering, procurement, supply, construction, erection, testing, and commissioning. It…
Author: PPD Team Date: 31/03/2025 India has approved the Detailed Procedure for the Offset Mechanism and eight methodologies under the Indian Carbon Market (ICM). This enables voluntary participation in carbon trading and supports projects that reduce or remove greenhouse gas emissions. The government had notified The Carbon Credit Trading Scheme, 2023, in June last year, establishing the National Steering Committee for Indian Carbon Market (NSCICM). An amendment in December 2023 introduced an Offset Mechanism, allowing…
Author: PPD Team Date: 25/04/2025 Megha Engineering and Infrastructures Limited (MEIL) has secured a contract worth Rs 127,869.35 million for the engineering, procurement, and construction (EPC) of Kaiga Nuclear Power Plant Units 5 and 6. The contract was awarded by Nuclear Power Corporation of India Limited (NPCIL) on April 23, 2025. NPCIL had invited bids for the project in May 2023. The 1,400 MW nuclear project is being developed as Phase III of the Kaiga…
Author: PPD Team Date: 28/02/2025 Servotech Renewable Power System Ltd. and the Chamber of Indian Micro, Small & Medium Enterprises (CIMSME) have signed a Memorandum of Understanding (MoU) to promote solar energy adoption across India. Under the initiative, 100,000 solar rooftop systems will be installed in homes by 2026 in support of the PM Surya Ghar Muft Bijli Yojana. A mobile application, developed by CIMSME in collaboration with Servotech, will streamline the solar installation process…
Author: PPD Team Date: 07/02/2025 Aarti Drugs Limited has signed a share subscription and shareholders agreement with Prozeal Green Energy Private Limited and its special purpose vehicle (SPV), Prozeal Green Power Nine Private Limited, for setting up a 19.36 MW/24.4 MWp solar power project in India. Under the agreement, Aarti Drugs will acquire a 26.25 per cent equity stake in the SPV, which will be responsible for the development and Operation and Maintenance (O&M) of…
Author: PPD Team Date: 07/11/2024 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 total income rose by approximately 16.48% to Rs 11,084.3 million, up from Rs 9,516.2 million in the corresponding quarter of the previous year.
Author: PPD Team Date: 05/05/2025 The joint venture of GP Eco Solutions India Limited and Synergy Wave Limited has received a Letter of Intent (LoI) worth Rs 505.2 million from Braithwaite & Company Limited (BCL). The contract is for setting up a 10 MW solar photovoltaic (PV) project in Jagatsinghpur district, Odisha. BCL had invited bids for the project in March 2025. The scope includes design, engineering, procurement, supply, construction, erection, testing, and commissioning. It…
Author: PPD Team Date: 31/03/2025 India has approved the Detailed Procedure for the Offset Mechanism and eight methodologies under the Indian Carbon Market (ICM). This enables voluntary participation in carbon trading and supports projects that reduce or remove greenhouse gas emissions. The government had notified The Carbon Credit Trading Scheme, 2023, in June last year, establishing the National Steering Committee for Indian Carbon Market (NSCICM). An amendment in December 2023 introduced an Offset Mechanism, allowing…
Author: PPD Team Date: 25/04/2025 Megha Engineering and Infrastructures Limited (MEIL) has secured a contract worth Rs 127,869.35 million for the engineering, procurement, and construction (EPC) of Kaiga Nuclear Power Plant Units 5 and 6. The contract was awarded by Nuclear Power Corporation of India Limited (NPCIL) on April 23, 2025. NPCIL had invited bids for the project in May 2023. The 1,400 MW nuclear project is being developed as Phase III of the Kaiga…
Author: PPD Team Date: 28/02/2025 Servotech Renewable Power System Ltd. and the Chamber of Indian Micro, Small & Medium Enterprises (CIMSME) have signed a Memorandum of Understanding (MoU) to promote solar energy adoption across India. Under the initiative, 100,000 solar rooftop systems will be installed in homes by 2026 in support of the PM Surya Ghar Muft Bijli Yojana. A mobile application, developed by CIMSME in collaboration with Servotech, will streamline the solar installation process…
Author: PPD Team Date: 07/02/2025 Aarti Drugs Limited has signed a share subscription and shareholders agreement with Prozeal Green Energy Private Limited and its special purpose vehicle (SPV), Prozeal Green Power Nine Private Limited, for setting up a 19.36 MW/24.4 MWp solar power project in India. Under the agreement, Aarti Drugs will acquire a 26.25 per cent equity stake in the SPV, which will be responsible for the development and Operation and Maintenance (O&M) of…
Author: PPD Team Date: 07/11/2024 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 total income rose by approximately 16.48% to Rs 11,084.3 million, up from Rs 9,516.2 million in the corresponding quarter of the previous year.
Author: PPD Team Date: 05/05/2025 The joint venture of GP Eco Solutions India Limited and Synergy Wave Limited has received a Letter of Intent (LoI) worth Rs 505.2 million from Braithwaite & Company Limited (BCL). The contract is for setting up a 10 MW solar photovoltaic (PV) project in Jagatsinghpur district, Odisha. BCL had invited bids for the project in March 2025. The scope includes design, engineering, procurement, supply, construction, erection, testing, and commissioning. It…
Author: PPD Team Date: 31/03/2025 India has approved the Detailed Procedure for the Offset Mechanism and eight methodologies under the Indian Carbon Market (ICM). This enables voluntary participation in carbon trading and supports projects that reduce or remove greenhouse gas emissions. The government had notified The Carbon Credit Trading Scheme, 2023, in June last year, establishing the National Steering Committee for Indian Carbon Market (NSCICM). An amendment in December 2023 introduced an Offset Mechanism, allowing…