Author: PPD Team Date: October 30, 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: December 5, 2024 Hitachi Energy is investing over CZK1.1bn ($47m) to expand its High Voltage Products factory in Brno, Czech Republic. This expansion, expected to be completed by the end of 2025, aims to increase the factory’s production capacity by over 40% and create up to 200 new jobs. The Brno facility, operational since 2007, manufactures critical components for gas-insulated switchgear, which are essential for electricity transmission and distribution. These products…
Author: PPD Team Date: January 6, 2025 REC Limited disbursed Rs 546.92 billion in loans during Q3 FY25, marking a 17.98% year-on-year increase. Renewable energy loan disbursements grew by 58.09% to Rs 63.14 billion. For the first nine months of FY25, REC disbursed Rs 1,456.47 billion, a 19.30% rise from Rs 1,220.89 billion in FY24. Renewable energy loans during this period totalled Rs 176.12 billion, reflecting a 78.68% year-on-year growth.
Author: PPD Team Date: June 27, 2025 BAJEL Projects Limited has secured a major contract from a private developer for the establishment of 400 kV and 765 kV air-insulated switchyard (AIS) extension substations. The contract was awarded on June 24, 2025. The scope includes the supply of all extra high voltage (EHV) equipment along with mandatory spares, tools, tackles, and auxiliaries. In addition to the supply, BAJEL will carry out erection, testing, and commissioning (ETC)…
Author: PPD Team Date: March 10, 2025 Lohum has announced the establishment of a battery-grade lithium refinery with a capacity of 1,000 metric tonnes per annum (MTPA). The company has also begun producing value-added materials such as cathode active materials (CAM), which are essential for lithium-ion battery manufacturing. Lohum’s lithium recovery technology boasts over 90% efficiency, significantly surpassing the industry average of 60-70%. The company aims to achieve 99.99% purity with ongoing research and development. …
Author: PPD Team Date: January 21, 2025 Securing Energy For Europe (SEFE) and marine infrastructure provider Höegh Evi have signed an MoU to establish international supply chains for clean hydrogen, with a focus on ammonia-based transportation. The collaboration will encompass sourcing ammonia, shipping it to floating import terminals, and converting it into hydrogen using Höegh Evi’s ammonia-to-hydrogen cracker. SEFE will manage global sourcing and hydrogen demand aggregation, while Höegh Evi will develop midstream infrastructure, including…
Author: PPD Team Date: February 14, 2025 Sterlite Power has won new orders worth Rs 22.5 billion and secured L1 positions for orders worth Rs 6.5 billion in Q3 FY25, marking its highest order book in the current financial year. These orders span across its Global Products and Services (GPS) business, covering high-performance conductors, Optical Ground Wire (OPGW), power cables, and specialized Engineering, Procurement, and Construction (EPC) services. The company also exports high-performance green products…