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.
Saatvik Solar has entered into a contract with G2H Solar to supply 200 MW of high-efficiency solar photovoltaic (PV) modules for projects across India. The modules, featuring advanced mono PERC bifacial half-cut technology with power ratings of 540/550 Wp, will be delivered over 12 months starting in January 2025.
Adani Energy Solutions Ltd (AESL) has signed an agreement with the Kenya Electricity Transmission Company Ltd (Ketraco) to build, finance, and operate key transmission lines in Kenya for 30 years. This initiative aims to upgrade Kenya’s transmission infrastructure to ensure a more reliable power supply amid persistent blackouts. The project, estimated at KSh 95.68 billion (USD 736 million), will be funded through a combination of debt and equity raised by AESL. The Kenyan government will…
Surana Solar Limited has acquired a 100% stake in Surana Technologies Private Limited, making it a wholly-owned subsidiary. Surana Technologies, with an authorized, subscribed, and paid-up capital of Rs 100,000, operates in the solar energy sector, specializing in trading, distribution, supply, generation, transmission, and manufacturing of solar products. This acquisition aligns with Surana Solar’s strategy to enhance its execution capacity for solar projects.
Kazakhstan’s national atomic company and leading uranium producer, Kazatomprom, has revised its 2024 production guidance from 21,000–22,500 tonnes of uranium to 22,500–23,500 tonnes (11,600–12,600tU on an attributable basis). This update follows a 5% production increase in the second quarter (Q2) of 2024 compared to the same period in 2023, attributed to the resumption of 2023 drilling works. The company stated that the additional uranium produced will be used to replenish its inventories. Kazatomprom has secured…
The Solar Energy Corporation of India (SECI), under the Ministry of New and Renewable Energy (MNRE), has issued a tender for the development of a 500 MW offshore wind project in the Gulf of Khambhat, Gujarat. Bids are due by 12 December, with pre-bid meetings scheduled for 22 October. The project has a completion deadline of 48 months. The selected developer will build, own, and operate the wind farm, entering a 25-year power purchase agreement…
Torrent Power Limited has announced its financial results for the quarter ending June 30, 2024. Let’s have a look at the key highlights. Financial Performance Revenue Growth: The company’s revenue from operations surged to Rs 71.93 billion, an increase of 50.3 per cent from Rs 47.87 billion in the prior quarter and 33.6 per cent from Rs 53.83 billion in the same quarter last year. Profit Metrics: Profit before tax reached Rs 12.73 billion, nearly…
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