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.
SSEN Transmission has officially opened a new offshore hub in Inverness, Scotland, designed to accommodate up to 100 people and serve as a collaborative space for companies involved in regional energy projects. The hub, housed within SSEN’s existing building, offers desk space and meeting rooms named after iconic local bridges, such as Dornoch and Cromarty….
NTPC Ltd has received land assurances from Gujarat, Chhattisgarh and Madhya Pradesh to set up nuclear power plants through its subsidiary NTPC Parmanu Urja Nigam Ltd (NPUNL), officials told Moneycontrol. The company has sought guarantees on water availability before beginning geotechnical studies. A twin 700 MW reactor unit requires about 70 million cubic meters of…
G R Infraprojects Limited has been awarded a transmission project by REC Power Development and Consultancy Limited for evacuating power from renewable energy projects in Madhya Pradesh. The project is titled “Transmission system for Evacuation of Power from RE Projects in Rajgarh (1500 MW) SEZ in Madhya Pradesh-Phase III and Evacuation of Power from RE…
Dilip Buildcon Limited (DBL) has been declared the lowest, L-1, bidder by REC Power Development and Consultancy Limited (RECPDCL) for the “Establishing 400kV Sub-station at Mekhali along with associated transmission lines (Belagavi District)”. The project has been awarded through the tariff-based competitive bidding (TBCB) route. It includes the development of a new 400/220/33 kV air-insulated…
Gensol Engineering Limited has approved fundraising of up to Rs 6 billion to strengthen its balance sheet and move towards a zero net-debt position. The company plans to raise Rs 4 billion through foreign currency convertible bonds (FCCBs) and Rs 2 billion via warrants issued to promoters. Alongside the fundraise, Gensol is divesting assets, including…
EMO Energy has secured $6.2 million in its Series A funding round, led by Subhkam Ventures with participation from Transition VC. The funds will be used to scale the company’s advanced battery solutions for electric vehicles (EVs) and energy storage systems. The company plans to deploy its services across 100,000 two- and three-wheeler vehicles over…