Author: PPD Team Date: 12/11/2024
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: 24/10/2024 Power cable manufacturer NKT has started the installation of a 518 km high-voltage direct current (HVDC) power cable system for TenneT’s SuedLink project. The 525 kV cables will connect northern Germany’s renewable energy sources to the southern industrial regions, supporting Germany’s energy transition strategy, Energiewende. Tim Meyerjürgens, TenneT’s chief operations officer, highlighted the milestone, stating that the pull-in of the first 37 km of the 700 km route demonstrates the…
Author: PPD Team Date: 05/11/2024 NTPC and ONGC are establishing a joint venture to expand into the renewable energy sector through their subsidiaries, NTPC Green Energy and ONGC Green Energy. A 50:50 joint venture company (JVC) application has been submitted to the Ministry of Corporate Affairs, advancing both companies’ commitment to renewable energy. This JVC will focus on various renewable segments, including solar, wind, energy storage, and green credits, and plans to acquire renewable energy…
Author: PPD Team Date: 24/02/2025 ReNew has announced its financial results for the third quarter of FY 2024-25, ending December 31, 2024. The company recorded a revenue of Rs 21.2 billion, marking a 10 per cent year-on-year (YoY) increase from Rs 19.3 billion in Q3 FY 2023-24. Revenue from power sales stood at Rs 14.9 billion, slightly lower than Rs 15 billion in the previous year. Net loss widened to Rs 3.8 billion from Rs…
Author: PPD Team Date: 16/04/2025 India’s thermal power sector has fresh contracts awarded and competitive bidding underway this week across several major projects. ISGEC wins Rs 783 million contract for Talabira project ISGEC Heavy Engineering Limited has secured a Rs 783 million contract for the stacker reclaimer package at the Talabira Thermal Power Project Phase I. The contract was tendered by Bharat Heavy Electricals Limited (BHEL) in November 2024. The Talabira project, being implemented by…
Author: PPD Team Date: 17/01/2025 Kutch Copper Ltd, a subsidiary of Adani Group, has become a member of the International Copper Association (ICA), a global trade body representing half of the world’s copper production. Based in Mundra, Gujarat, Kutch Copper is set to build a copper smelter with an initial capacity of 0.5 million tonnes per annum (MTPA) as part of an $1.2 billion investment by Adani Enterprises. The facility will produce copper cathodes, rods,…
Author: PPD Team Date: 07/11/2024 A new report from the International Solar Alliance (ISA) highlights a global increase in sustainable energy investments, rising from $2.4 trillion in 2018 to an expected $3.1 trillion by 2024, with solar energy dominating green investments. Solar alone now accounts for 59 per cent of these investments, primarily due to decreasing technology costs and a surge in support from the Asia-Pacific (APAC) region, which has emerged as the leading investor….
Author: PPD Team Date: 24/10/2024 Power cable manufacturer NKT has started the installation of a 518 km high-voltage direct current (HVDC) power cable system for TenneT’s SuedLink project. The 525 kV cables will connect northern Germany’s renewable energy sources to the southern industrial regions, supporting Germany’s energy transition strategy, Energiewende. Tim Meyerjürgens, TenneT’s chief operations officer, highlighted the milestone, stating that the pull-in of the first 37 km of the 700 km route demonstrates the…
Author: PPD Team Date: 05/11/2024 NTPC and ONGC are establishing a joint venture to expand into the renewable energy sector through their subsidiaries, NTPC Green Energy and ONGC Green Energy. A 50:50 joint venture company (JVC) application has been submitted to the Ministry of Corporate Affairs, advancing both companies’ commitment to renewable energy. This JVC will focus on various renewable segments, including solar, wind, energy storage, and green credits, and plans to acquire renewable energy…
Author: PPD Team Date: 24/02/2025 ReNew has announced its financial results for the third quarter of FY 2024-25, ending December 31, 2024. The company recorded a revenue of Rs 21.2 billion, marking a 10 per cent year-on-year (YoY) increase from Rs 19.3 billion in Q3 FY 2023-24. Revenue from power sales stood at Rs 14.9 billion, slightly lower than Rs 15 billion in the previous year. Net loss widened to Rs 3.8 billion from Rs…
Author: PPD Team Date: 16/04/2025 India’s thermal power sector has fresh contracts awarded and competitive bidding underway this week across several major projects. ISGEC wins Rs 783 million contract for Talabira project ISGEC Heavy Engineering Limited has secured a Rs 783 million contract for the stacker reclaimer package at the Talabira Thermal Power Project Phase I. The contract was tendered by Bharat Heavy Electricals Limited (BHEL) in November 2024. The Talabira project, being implemented by…
Author: PPD Team Date: 17/01/2025 Kutch Copper Ltd, a subsidiary of Adani Group, has become a member of the International Copper Association (ICA), a global trade body representing half of the world’s copper production. Based in Mundra, Gujarat, Kutch Copper is set to build a copper smelter with an initial capacity of 0.5 million tonnes per annum (MTPA) as part of an $1.2 billion investment by Adani Enterprises. The facility will produce copper cathodes, rods,…
Author: PPD Team Date: 07/11/2024 A new report from the International Solar Alliance (ISA) highlights a global increase in sustainable energy investments, rising from $2.4 trillion in 2018 to an expected $3.1 trillion by 2024, with solar energy dominating green investments. Solar alone now accounts for 59 per cent of these investments, primarily due to decreasing technology costs and a surge in support from the Asia-Pacific (APAC) region, which has emerged as the leading investor….
Author: PPD Team Date: 24/10/2024 Power cable manufacturer NKT has started the installation of a 518 km high-voltage direct current (HVDC) power cable system for TenneT’s SuedLink project. The 525 kV cables will connect northern Germany’s renewable energy sources to the southern industrial regions, supporting Germany’s energy transition strategy, Energiewende. Tim Meyerjürgens, TenneT’s chief operations officer, highlighted the milestone, stating that the pull-in of the first 37 km of the 700 km route demonstrates the…
Author: PPD Team Date: 05/11/2024 NTPC and ONGC are establishing a joint venture to expand into the renewable energy sector through their subsidiaries, NTPC Green Energy and ONGC Green Energy. A 50:50 joint venture company (JVC) application has been submitted to the Ministry of Corporate Affairs, advancing both companies’ commitment to renewable energy. This JVC will focus on various renewable segments, including solar, wind, energy storage, and green credits, and plans to acquire renewable energy…