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Powergrid InvIT announces H1 FY2024-25 results
Power Grid Corporation of India Limited (POWERGRID) has released the half-yearly report for its Infrastructure Investment Trust, POWERGRID Infrastructure Investment Trust (PGInvIT). PGInvIT recorded a consolidated income of Rs 6,557.15 million for H1 FY2024-25, reflecting strong revenue generation. Net distributable cash flows reached Rs 5,228.20 million, with total distributions of Rs 5,460 million to unitholders….
KEC International says PGCIL tender restriction will not affect ongoing contracts
KEC International has clarified that a recent communication from Power Grid Corporation of India will not affect ongoing contracts or materially impact its financial position. The company said the restriction bars it from participating in Power Grid tenders for nine months, but this will not influence the execution of existing transmission projects. In a press…
Excelsior Energy Capital signs 7.5GWh agreement with LG Energy Solution Vertech
Excelsior Energy Capital has entered a multi-year agreement with LG Energy Solution Vertech for a 7.5 gigawatt hour (GWh) reservation to support its US clean energy projects. This agreement ensures a steady supply of high-quality battery energy storage systems (BESS) for Excelsior’s standalone and hybrid energy storage projects across the country. From 2026, the batteries…
Hindustan Zinc’s top-quality zinc used in India’s heaviest power transmission steel pole
Hindustan Zinc Ltd has announced that its premium zinc was used in the galvanization process for India’s heaviest power transmission steel pole. The 400kV dual pole structure, standing 57 meters tall, was galvanized using Hindustan Zinc’s special high-grade (SHG) zinc ingots and low-dross jumbo SHG zinc. This process provides essential protection against corrosion, air, water,…
Eastman Auto partners with Urja Mobility for lithium-ion battery technology
Eastman Auto and Power Limited (EAPL), through its subsidiary Eastman New Energy Private Limited, has signed a Memorandum of Understanding (MoU) with MTOW Mobility Private Limited (Urja Mobility) to collaborate on developing and deploying lithium-ion battery technology for India’s growing electric vehicle (EV) market. As part of the partnership, Urja Mobility has committed to sourcing…
India | Generation | NewsNHDC’s 640 MW PSP gets EAC nod; tribal villages to get hospital and solar panels
The Expert Appraisal Committee (EAC) of the Ministry of Environment, Forest and Climate Change has recommended environmental clearance for the Indirasagar-Omkareshwar Pumped Storage Project (640 MW) in Madhya Pradesh. The project, to be developed by NHDC Limited, a joint venture between NHPC Ltd and the Government of Madhya Pradesh, involves an estimated investment of Rs…
