PFC, Gensol, KPIL report income growth in Q3 FY25
Author: PPD Team Date: 17/02/2025
Author: PPD Team Date: 17/02/2025
Power Finance Corporation Limited (PFC) reported a net profit of Rs 77.6 billion for the quarter ending December 2024, marking a 23.29 per cent increase from Rs 62.94 billion in the same quarter last year. The company’s total income grew by 13.69 per cent to Rs 268.22 billion from Rs 235.93 billion in the corresponding period of the previous year.
Gensol Engineering Limited posted a net profit of Rs 0.18 billion in Q3 FY25, reflecting a 5.88 per cent rise from Rs 0.17 billion recorded in the same period last year. The company’s total income increased by 29.7 per cent to Rs 3.45 billion, compared to Rs 2.66 billion in the previous year’s corresponding quarter.
Kalpataru Projects International Limited (KPIL) reported a net profit of Rs 1.4 billion for Q3 FY25, marking a 2.78 per cent decline from Rs 1.44 billion in the same period last year. However, the company’s total income grew by 16.96 per cent to Rs 57.43 billion, up from Rs 49.1 billion in the previous year’s corresponding quarter.
Author: PPD Team Date: 25/11/2024 Jakson Green Infinity has shipped its first batch of 3.8 MW electrolysers to power India’s inaugural green hydrogen refuelling station for urban mobility in the National Capital Region (NCR). Manufactured at Jakson Green’s state-of-the-art Greater Noida facility, the electrolysers integrate an imported stack with indigenously designed and engineered Balance of Plant components. The facility currently has a production capacity of 300 MW, with plans for expansion to meet growing demand….
Author: PPD Team Date: 19/12/2024 The Bhubaneswar Municipal Corporation (BMC) has partnered with Oil India Limited (OIL) to establish a biogas plant in Nayapalli, Bhubaneswar, as part of a waste-to-wealth initiative. The facility will process wet waste from the city to produce biogas fuel. The Housing and Urban Development Department has allocated 8 acres of land for the project. Initially, the plant will process 200 tonnes of wet waste daily, with the potential to expand…
Author: PPD Team Date: 02/06/2025 SAEL Solar MHP1 Private Limited, a special purpose vehicle (SPV) of Sukhbir Agro Energy Limited (SAEL), has achieved financial closure for a 300 MW solar project in Kurnool, Andhra Pradesh. The project is part of the 600 MW Inter-State Transmission System (ISTS)-Connected Solar Power Project (Tranche-XI) awarded by the Solar Energy Corporation of India (SECI). The SPV has secured Rs 11.27 billion (USD 132 million) in long-term debt financing. Funding…
Author: PPD Team Date: 02/05/2025 Indian Oil Corporation Limited (IOCL) has approved an equity investment of Rs 10.86 billion in Terra Clean Limited, its wholly-owned subsidiary. The funding will support the development of 4,300 MW of renewable energy (RE) capacity across India. The approval was given during the Board of Directors meeting held on 30 April 2025. This new capacity comes in addition to the previously approved 1,000 MW, expanding Terra Clean’s total planned RE…
Author: PPD Team Date: 05/05/2025 Indonesia is set to significantly expand its renewable energy capacity by 2040, with plans also to introduce 10GW of nuclear power, according to a Reuters report. In February 2025, the country announced plans to build nuclear power plants with a capacity of 4.3GW, aiming to diversify its energy mix and reduce reliance on fossil fuels. These developments are part of Indonesia’s broader strategy to achieve carbon neutrality by 2050. Hashim…
Author: PPD Team Date: 31/12/2024 Denmark’s Vestas has secured an order to supply 21 V236-15.0 MW turbines for the 315 MW Oga Katagami Akita Offshore Wind Project in Japan’s Akita Prefecture. The deal includes a long-term service agreement to optimise turbine performance. This marks Vestas’ first firm order for its V236-15.0 MW turbine in the Asia-Pacific region and its first project under Japan’s offshore wind auctions based on the Renewable Energy Sea Area Utilization Act.
Author: PPD Team Date: 25/11/2024 Jakson Green Infinity has shipped its first batch of 3.8 MW electrolysers to power India’s inaugural green hydrogen refuelling station for urban mobility in the National Capital Region (NCR). Manufactured at Jakson Green’s state-of-the-art Greater Noida facility, the electrolysers integrate an imported stack with indigenously designed and engineered Balance of Plant components. The facility currently has a production capacity of 300 MW, with plans for expansion to meet growing demand….
Author: PPD Team Date: 19/12/2024 The Bhubaneswar Municipal Corporation (BMC) has partnered with Oil India Limited (OIL) to establish a biogas plant in Nayapalli, Bhubaneswar, as part of a waste-to-wealth initiative. The facility will process wet waste from the city to produce biogas fuel. The Housing and Urban Development Department has allocated 8 acres of land for the project. Initially, the plant will process 200 tonnes of wet waste daily, with the potential to expand…
Author: PPD Team Date: 02/06/2025 SAEL Solar MHP1 Private Limited, a special purpose vehicle (SPV) of Sukhbir Agro Energy Limited (SAEL), has achieved financial closure for a 300 MW solar project in Kurnool, Andhra Pradesh. The project is part of the 600 MW Inter-State Transmission System (ISTS)-Connected Solar Power Project (Tranche-XI) awarded by the Solar Energy Corporation of India (SECI). The SPV has secured Rs 11.27 billion (USD 132 million) in long-term debt financing. Funding…
Author: PPD Team Date: 02/05/2025 Indian Oil Corporation Limited (IOCL) has approved an equity investment of Rs 10.86 billion in Terra Clean Limited, its wholly-owned subsidiary. The funding will support the development of 4,300 MW of renewable energy (RE) capacity across India. The approval was given during the Board of Directors meeting held on 30 April 2025. This new capacity comes in addition to the previously approved 1,000 MW, expanding Terra Clean’s total planned RE…
Author: PPD Team Date: 05/05/2025 Indonesia is set to significantly expand its renewable energy capacity by 2040, with plans also to introduce 10GW of nuclear power, according to a Reuters report. In February 2025, the country announced plans to build nuclear power plants with a capacity of 4.3GW, aiming to diversify its energy mix and reduce reliance on fossil fuels. These developments are part of Indonesia’s broader strategy to achieve carbon neutrality by 2050. Hashim…
Author: PPD Team Date: 31/12/2024 Denmark’s Vestas has secured an order to supply 21 V236-15.0 MW turbines for the 315 MW Oga Katagami Akita Offshore Wind Project in Japan’s Akita Prefecture. The deal includes a long-term service agreement to optimise turbine performance. This marks Vestas’ first firm order for its V236-15.0 MW turbine in the Asia-Pacific region and its first project under Japan’s offshore wind auctions based on the Renewable Energy Sea Area Utilization Act.
Author: PPD Team Date: 25/11/2024 Jakson Green Infinity has shipped its first batch of 3.8 MW electrolysers to power India’s inaugural green hydrogen refuelling station for urban mobility in the National Capital Region (NCR). Manufactured at Jakson Green’s state-of-the-art Greater Noida facility, the electrolysers integrate an imported stack with indigenously designed and engineered Balance of Plant components. The facility currently has a production capacity of 300 MW, with plans for expansion to meet growing demand….
Author: PPD Team Date: 19/12/2024 The Bhubaneswar Municipal Corporation (BMC) has partnered with Oil India Limited (OIL) to establish a biogas plant in Nayapalli, Bhubaneswar, as part of a waste-to-wealth initiative. The facility will process wet waste from the city to produce biogas fuel. The Housing and Urban Development Department has allocated 8 acres of land for the project. Initially, the plant will process 200 tonnes of wet waste daily, with the potential to expand…