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.Â
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.
Reliance Power has secured a contract from the Solar Energy Corporation of India (SECI) to establish a 500 MW/1000 MWh Battery Energy Storage System (BESS). Awarded through a tariff-based competitive bidding (TBCB) process, the standalone BESS will operate on a build, own, and operate (BOO) model for ‘on demand’ usage, marking the company’s entry into…
The Ministry of New and Renewable Energy (MNRE) has directed that only the Solar Energy Corporation of India will act as the renewable energy implementing agency (REIA) for issuing new procurement bids as an intermediary procurer. Other agencies will continue to handle obligations only for bids already issued. The directive was issued through a letter…
Bharat Heavy Electricals (BHEL) and Oil & Natural Gas Corporation (ONGC) have signed a memorandum of understanding (MoU) to collaborate on projects in the new and renewable energy sector. The partnership will focus on advanced technologies such as fuel cells, electrolysers, and battery energy storage systems, supporting India’s National Green Hydrogen Mission. The collaboration aims…
Tata Power and Tata Passenger Electric Mobility Limited have opened a large-scale electric vehicle (EV) charging hub in Mumbai under the TATA.ev MegaCharger initiative. The launch took place on World EV Day and marks the companies’ first co-branded charging facility in the city. The hub is located near Terminal 2 of Chhatrapati Shivaji Maharaj International…
Power Finance Corporation Limited (PFC) has informed the stock exchanges that its wholly owned subsidiary, Bihar Infrapower Limited, has been struck off from the register of companies by the Registrar of Companies under Section 248 of the Companies Act, 2013. The dissolution follows the closure of the Banka Ultra Mega Power Project (UMPP) in Bihar,…
Rays Green Energy Manufacturing, a subsidiary of Rays Power Infra, will establish a solar module and cell facility in Madhya Pradesh with a total investment of Rs 14 billion. The plant will include a 1.5 GW solar cell unit and a 3 GW solar module assembly line, utilizing advanced TOPCon technology to boost domestic renewable…