Similar Posts
Solex Energy reports 194% revenue growth
Solex Energy Limited reported robust financial performance in H1 FY2024-25, with total income surging 194% to Rs 2.731 billion, up from Rs 930 million in H1 FY24. EBITDA increased 168% to Rs 253.7 million, and net worth expanded 244% to Rs 1.317 billion, while Return on Equity (ROE) improved to 29.41%, compared to 3.84% in the previous year.
Vedanta Aluminium launches high-conductivity products
Vedanta Aluminium unveiled two new products tailored for the power and transmission industry at PowerEdge 2024. The first, AL59 Ingot, offers superior electrical conductivity, ideal for remelting, while the second, an EC-grade Wire Rod, is designed for winding strip applications, providing a balance of strength, conductivity, and workability. Both products are precision-engineered for use in transformer and motor winding applications. With a wire rod production capacity of 650 kilotonnes, Vedanta Aluminium is the largest producer…
Vietnam explores revival of nuclear power plants for energy security
Vietnam is reconsidering its nuclear power development plans to strengthen energy security and support economic growth, according to a government document reviewed by Reuters. The country, which relies heavily on coal, seeks cleaner energy solutions to achieve its net zero target by 2050. The Ministry of Industry and Trade is studying global nuclear energy development and will propose a plan to the Politburo, Vietnam’s top decision-making body. The move comes as Vietnam targets an annual…
Elcogen secures €24.9 million EU grant for hydrogen tech expansion
Elcogen has been awarded €24.9 million from the European Union’s 2024 Innovation Fund to expand its production capacity for solid oxide electrolyser cell (SOEC) and solid oxide fuel cell (SOFC) components in Tallinn, Estonia. This funding will enhance Elcogen’s role in advancing green hydrogen production and supporting the transition to green energy. The EU’s Innovation Fund allocated €4.8 billion across 85 projects in 2024, targeting a collective carbon reduction of 476 million tonnes over the…
KEPCO announces compensation details for East-5 section of 500 kV HVDC East Coast─Singapyeong transmission line
South Korea’s Korea Electric Power Corporation (KEPCO) has outlined the compensation agreement for the East-5 section of its 500 kV HVDC East Coast─Singapyeong transmission line. This major project will enable the evacuation of 6.8 GW of power from various thermal plants, including Samcheok. The project involves constructing 225 km of transmission lines, divided into 11 sections, and includes building 440 transmission towers. The western section spans approximately 85 km, covering areas from Hoengseong to Hongcheon,…
Telangana secures Rs 315 billion investment during Chief Minister’s US visit
During Telangana Chief Minister A Revanth Reddy’s visit to the US, the state secured investment deals worth Rs 315 billion, 19 investment deals and MoUs. Key sectors benefiting from these investments include IT, Global Capability Centers (GCC), life sciences, pharmaceuticals, data centres, AI, cloud services, electric vehicles, green energy, FMCG, and manufacturing. Major announcements in the IT sector include a new Global Capability Center by Charles Schwab and significant expansions by global IT giants Cognizant…