Search Results for: India

Department of Atomic Energy (DAE) has highlighted India’s commitment to expanding its nuclear capabilities, noting that 9 nuclear power reactors with a total capacity of 7,300 MW are under construction, with plans for twelve more reactors underway. A greenfield facility of the Nuclear Fuel Complex (NFC) is being established at Rawatbhata, Kota, Rajasthan. This facility, including the PHWR Fuel Fabrication Facility (PFFF) and Zircaloy Fabrication Facility (ZFF), aims to produce 500 tons per year of…

Premier Energies Limited, along with three other companies, has received approval from the Securities and Exchange Board of India (Sebi) to raise funds through Initial Public Offerings (IPOs), according to a recent update from the markets regulator. Premier Energies, a prominent solar cell company, plans to raise Rs 15 billion through its IPO. This offering includes a fresh issue of equity shares worth Rs 11.68 billion and an Offer For Sale (OFS) of up to…

Sunsure Energy has commenced supplying 10.5 million units of renewable energy to two private entities in Uttar Pradesh, offsetting 7,500 metric tonnes of carbon dioxide emissions annually. Sunsure Energy currently offers renewable energy solutions to over 70 industrial companies across 16 states in India, with 120 MW of operational capacity in Uttar Pradesh.

The Government of Delhi has flagged off 320 electric buses, increasing the city’s e-bus fleet to 1,970. Delhi now has the highest number of electric buses in India and is third globally. The Delhi Transport Corporation (DTC) fleet includes 7,683 buses, with 1,970 being electric and the rest CNG. The new e-buses, stationed at Sukhdev Vihar, Kalkaji, and Naraina depots, help achieve the goal of having 25 per cent of electric buses in the fleet….

A potential of about 10,600 MW of geothermal power has been estimated in the country by the Geological Survey of India (GSI). GSI explored 381 thermally anomalous areas and published the findings in “Geothermal Atlas of India, 2022.”  The Ministry of New and Renewable Energy (MNRE) is implementing the “Renewable Energy Research and Technology Development Programme (RE-RTD)” through various research institutions and industries to develop indigenous, efficient, and cost-effective renewable energy technologies, including geothermal energy….

The Central Electricity Authority (CEA) has recommended a coal and lignite-based installed capacity of 283 GW, up from the current 217.5 GW. Consequently, the Ministry of Power (MoP) is planning to establish an additional minimum of 80 GW of coal-based capacity by 2031-32. This expansion is expected to entail an expenditure of at least Rs. 6,672 billion by 2031-32. According to Intended Nationally Determined Contributions (INDCs), the country is committed to achieving approximately 50 per…

The Ministry of Power (MoP) detailed steps taken to increase the production capacity between 2014-15 to 2023-24 in a recent press release. Between 2014-15 and 2023-24, India increased its power production capacity significantly. The installed capacity rose from 248,554 MW in March 2014 to 446,190 MW in June 2024, with coal-based power growing from 139,663 MW to 210,969 MW, and renewable energy from 75,519 MW to 195,013 MW. The country added 195,181 ckm of transmission…

In its latest meeting, the National Committee on Transmission (NCT) recommended interstate transmission system (ISTS) schemes worth over Rs 220 billion to the Union power ministry for final clearance. A total of ten ISTS schemes, costing Rs 227.3 billion, were discussed. Of these, seven schemes (costing Rs 93.99 billion) will follow the tariff-based competitive bidding (TBCB) mode, while three schemes (costing INR 133.38 billion) will use the regulated tariff mechanism (RTM). TBCB Schemes Each of…

Skipper Limited has reported a new order inflow of Rs 7.65 billion in the first quarter of FY25, driven by significant contracts from Power Grid Corporation of India Limited (PGCIL) and other state utilities, as well as projects in the Middle East and Africa. The company’s order book as of June 30, 2024, totals Rs 58.44 billion, with 86 per cent coming from domestic sources. The portfolio includes a significant share from the T&D sector,…

Torrent Power Limited has announced its financial results for the quarter ending June 30, 2024.  Let’s have a look at the key highlights. Financial Performance Revenue Growth: The company’s revenue from operations surged to Rs 71.93 billion, an increase of 50.3 per cent from Rs 47.87 billion in the prior quarter and 33.6 per cent from Rs 53.83 billion in the same quarter last year.   Profit Metrics: Profit before tax reached Rs 12.73 billion, nearly…