Author: PPD Team Date: November 12, 2024
Power Finance Corporation Limited (PFC) reported a net profit of Rs 72.15 billion for the quarter ending September 2024, an 8.86 per cent increase from Rs 66.28 billion in the same quarter last year.
The company’s total income also rose by 15.04 per cent, reaching Rs 257.55 billion compared to Rs 223.87 billion in the previous year’s corresponding period.
Author: PPD Team Date: November 26, 2024 Acciona has announced plans to construct a 225 MW photovoltaic plant in La Joya, Arequipa, Peru, for the electricity company Kallpa Generación. Spanning 549 hectares, the project will feature 371,040 high-performance bifacial solar panels with advanced technology. The solar farm is expected to generate 611 GWh of clean energy annually, enough to power 547,000 households and reduce CO₂ emissions by 215,000 tonnes each year. The plant will connect…
Author: PPD Team Date: July 9, 2025 ACME Solar Holdings has placed an order exceeding 3.1 GWh for battery energy storage systems (BESS) from Zhejiang Narada and Trina Energy. The order aims to secure high-efficiency, scalable storage solutions to support ACME’s expanding renewable energy portfolio. The delivery will be phased over the next four to eight months in fiscal year 2025–26. The systems will be deployed across ACME’s firm and dispatchable renewable energy projects and…
Author: PPD Team Date: March 13, 2026 The Ministry of Power (MoP) has issued a draft of the Electricity (Rights of Consumers) Amendment Rules, 2026, seeking stakeholder comments by April 11, 2026. The amendments are proposed to take effect from October 1, 2026. According to the draft, the changes aim to update India’s consumer protection framework in the electricity sector by addressing billing irregularities, revising tariff timelines, simplifying grievance redressal, and introducing a regulatory framework…
Author: PPD Team Date: April 14, 2025 Jupiter International Limited has raised Rs 5 billion from ValueQuest SCALE Fund and its affiliates to expand its solar manufacturing business. This is the second round of investment from ValueQuest in the company. The funds, combined with internal accruals, will go toward an ongoing capital expenditure program. The goal is to increase production capacity to 5.6 GW for solar cells and 2.4 GW for solar modules. Jupiter aims…
Author: PPD Team Date: May 14, 2025 Vikram Solar Private Limited has secured a contract for the supply of 326.63 MW of solar photovoltaic (PV) modules for the 500 MW Khavda Solar PV Project – Phase XX in Gujarat. The project is being developed by Gujarat Industries Power Company Limited (GIPCL) in the Rann of Kutch district. Awarded on May 12, 2025, the contract covers the manufacturing, testing, packing, transportation, and insurance of 540–570 Wp…
Author: PPD Team Date: October 28, 2024 REC Limited has reported strong financial results for Q2 FY25, with a 17% rise in revenue from operations, reaching Rs 135.71 billion, compared to Rs 115.90 billion in the same quarter last year. Total income increased by 18% to Rs 266.33 billion, while net interest income saw a notable 25% jump, reaching Rs 97.23 billion. Net profit rose by 11% to Rs 74.88 billion from Rs 67.34 billion…