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: February 19, 2025 The Ministry of Heavy Industries (MHI) has signed a Programme Agreement with Reliance New Energy Battery Limited, a subsidiary of Reliance Industries Limited, under the Production Linked Incentive (PLI) Scheme for Advanced Chemistry Cell (ACC). Signed on February 17, 2025, the agreement grants Reliance a 10 GWh ACC manufacturing capacity, making it eligible for incentives under the Rs 181 billion scheme. With this allocation, the total awarded capacity…
Author: PPD Team Date: June 17, 2025 Envision Energy Group has formed a strategic partnership with SUN Terra to build a full-scale energy storage ecosystem across Southeast Asia, India, and Australia. The collaboration will advance deployment of energy storage system (ESS) technologies and strengthen regional supply chains. The partnership covers procurement, distribution, local assembly, technology licensing, and solution delivery. Envision and SUN Terra plan to operate across the ESS value chain to speed up deployment…
Author: PPD Team Date: November 6, 2024 US-based Emeren Group has entered a co-development agreement with Arpinge to establish a 300MW battery energy storage system (BESS) portfolio in southern Italy, bolstering Emeren’s presence in the Italian BESS market where it already has 1.37GW in its permitting pipeline. This partnership with Arpinge, a permanent capital vehicle backed by Italian pension funds, aligns with Italy’s energy transition goals, focusing on enhancing grid stability and integrating renewables. Emeren…
Author: PPD Team Date: May 23, 2025 India is considering major amendments to the Atomic Energy Act, 1962, which could allow private sector participation in nuclear power generation for the first time. The move aims to support the country’s target of reaching 100 GW of atomic energy capacity by 2047, up from the current 8 GW. Two key changes are proposed. First, the financial liability of equipment suppliers in case of a nuclear accident would…
Author: PPD Team Date: August 25, 2025 Power Finance Corporation Ltd (PFC) has signed a loan agreement worth EUR 150 million with Germany’s KfW on August 21, 2025. The funds will be deployed under the Revamped Distribution Sector Scheme (RDSS) to improve the efficiency of state power distribution companies. The agreement extends the partnership between India and Germany in the energy sector, where PFC and KfW have previously collaborated on several distribution projects. The new…
Author: PPD Team Date: November 4, 2025 Adani Solar has reached a major manufacturing milestone, with total module shipments surpassing 15,000 MW across domestic and international markets. The company announced that it is the first and fastest Indian solar manufacturer to achieve this scale, reinforcing India’s growing presence in global solar manufacturing. Of the total shipments, 10,000 MW were supplied to projects within India and 5,000 MW exported to international markets. The cumulative figure represents…