PFC, Gensol, KPIL report income growth in Q3 FY25
Author: PPD Team Date: February 17, 2025
Author: PPD Team Date: February 17, 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: December 24, 2024 ReNew Energy Global has entered into an agreement to sell its entire stake in ReNew Sun Waves Pvt Ltd (RSWPL) to Anzen India Energy Yield Plus Trust for $176 million. RSWPL operates a 300 MW solar asset in Jaisalmer, Rajasthan. The deal will close after fulfilling contractual obligations, conditions precedent, and lender approvals. The enterprise value may adjust based on net current assets and other provisions in the…
Author: PPD Team Date: January 2, 2025 PFC Consulting Limited (PFCCL) has invited Request for Proposal (RFP) bids for selecting transmission service providers (TSPs) through the tariff-based competitive bidding (TBCB) process. The bids are for three transmission projects on a build, own, operate, and transfer (BOOT) basis. The submission deadline is February 28, 2025. The projects include: Construction of grid substations at Wahipora and Sallar in Kashmir and the allied transmission system. Development of a…
Author: PPD Team Date: November 10, 2025 Reliance NU Energies, the renewable energy subsidiary of Reliance Power, has seen major leadership changes with the resignation of Chief Executive Officer Mayank Bansal and Chief Operating Officer Rakesh Swaroop. Their departure comes less than a year after the company’s establishment in December 2024. Bansal and Swaroop, both of whom previously held senior positions at ReNew, stepped down on September 30. Around a dozen other executives have also…
Author: PPD Team Date: July 28, 2025 Industrial representatives from Gurugram and Faridabad, affiliated with the PHD Chamber of Commerce and Industry (PHDCCI), have urged the Haryana Electricity Regulatory Commission (HERC) to align the state’s industrial power tariffs with those in Punjab, Himachal Pradesh, and Rajasthan. They submitted a comparative report, arguing that Haryana’s higher industrial tariffs hurt competitiveness and deter investment. HERC member Mukesh Garg said the commission can only act on formal petitions…
Author: PPD Team Date: June 5, 2025 Power Grid Corporation of India Limited (POWERGRID) has completed the acquisition of MEL Power Transmission Limited (MPTL), a special purpose vehicle set up for the transmission system linked to Mahan Energen Limited’s power station in Madhya Pradesh. The acquisition was finalised on June 4, 2025. MPTL was initially incorporated by PFC Consulting Limited (PFCCL) on November 20, 2024, to implement the transmission scheme through the Tariff-Based Competitive Bidding…
Author: PPD Team Date: July 3, 2025 NTPC Renewable Energy Limited (NTPC REL), on June 30, 2025, commissioned 64.7 MW solar capacity under the 1,255 MW Khavda-I Solar PV Project. This project is part of the larger 4,750 MW Khavda Wind-Solar Hybrid Renewable Energy Power Park in Kutch district. With this addition, the total commissioned capacity under the Khavda-I Solar PV Project now stands at 321.65 MW. The entire renewable energy park is spread across…