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.Â
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: March 10, 2026 Rajesh Power Projects Private Limited, a wholly owned subsidiary of Rajesh Power Services Limited (RPSL), has signed a Battery Energy Storage Purchase Agreement (BESPA) with Gujarat Urja Vikas Nigam Limited (GUVNL) for the development of a 65 MW / 130 MWh standalone Battery Energy Storage System (BESS) project at Virpore in Gujarat. The agreement marks the company’s entry into the utility-scale energy storage segment. The project was awarded…
Author: PPD Team Date: December 5, 2025 Transformers and Rectifiers India Limited (TARIL) has disclosed a domestic contract valued at Rs 53.33 crore from Power Grid Corporation of India Limited. The order covers work on a 397 MVA HVDC Converter Transformer. TARIL notified BSE and NSE on 04 December 2025. The disclosure states that Power Grid has awarded work for repair, erection, testing, and commissioning of a 397 MVA HVDC Converter Transformer and associated tasks….
Author: PPD Team Date: March 25, 2026 India’s national grid recorded a peak evening demand of 212,522 MW in February 2026, while the Western Region reached a new all-time high of 73,037 MW on February 14, according to the monthly operational report released by Grid Controller of India Limited (GRID-INDIA). The highest daily maximum demand of 244,206 MW was met on February 13 at 09:56 hrs. The all-time national record of 250,070 MW, set on…
Author: PPD Team Date: January 29, 2026 Exide Industries Limited has infused an additional Rs 50 crore into its wholly owned subsidiary, Exide Energy Solutions Limited (EESL). The investment, completed on January 28, 2026, takes Exide’s total exposure in the lithium ion battery business to Rs. 4,252.23 crore. The company invested in a rights issue, subscribing to 1.25 million equity shares at a premium of Rs 30 per share. Following the allotment, Exide Industries Limited…
Author: PPD Team Date: June 27, 2025 Researchers at the Centre for Nano and Soft Matter Sciences (CeNS), Bengaluru, have built a device that can produce green hydrogen using only solar energy. The innovation eliminates the need for fossil fuels or expensive materials, addressing key barriers to cost-effective hydrogen production. CeNS is an autonomous institute under the Department of Science and Technology. The device uses a silicon-based photoanode with an n-i-p heterojunction structure. It combines…
Author: PPD Team Date: May 1, 2025 The Government of Uttar Pradesh has set a target to generate 500 GW of solar power by 2030, focusing on regions like Bundelkhand, Vindhya, and surrounding areas. The goal is to establish these regions as major solar energy hubs. To support this transition, the state has signed memoranda of understanding with the Smart Energy Council of Australia and the Hinduja Group. These partnerships aim to encourage investment, enable…