Author: PPD Team Date: December 11, 2024
The Central government has approved the development of a 2,000 MW solar park in Rajasthan, with 30 per cent central financial assistance. The project will be developed by Rajasthan Solar Development Corporation.
Rajasthan currently has an installed renewable energy capacity of 30.31 GW, with solar power contributing 24.55 GW.
Author: PPD Team Date: May 12, 2025 REC Limited reported a net profit of Rs 158.84 billion in FY 2024-25, marking a 12.29 per cent increase from Rs 141.45 billion in the previous year. Total income rose by 18.63 per cent to Rs 564.34 billion, compared to Rs 475.71 billion in FY 2023-24. The company recorded disbursements of Rs 1,911.85 billion in FY 2024-25, up 18 per cent from Rs 1,614.62 billion last year. Net…
Author: PPD Team Date: January 28, 2025 Indian Oil Corporation (IOCL) plans to acquire five to six GW of solar and wind power projects to expand its renewable energy portfolio. The company targets 31 GW of renewable energy capacity by 2031 through organic growth, joint ventures, and mergers and acquisitions. IOCL currently has a renewable energy capacity of 246.94 MW and established Terra Clean, a wholly owned subsidiary, in 2024 to drive clean energy operations….
Author: PPD Team Date: November 14, 2024 Power Minister Manohar Lal Khattar has encouraged states to identify viable sites for nuclear power plants, especially in areas far from coal sources. The government has already shortlisted 18 locations across the country for new nuclear capacity, aiming to increase nuclear power from 8 GW to 20 GW by 2032. The Minister advised states to repurpose sites of retired coal-based thermal plants for this purpose. At the recent…
Author: PPD Team Date: December 19, 2024 Power Grid Corporation of India Limited (PGCIL) has approved raising up to Rs 42.50 billion through the private placement of bonds. The funds will be raised under the Powergrid bonds – LXXX (80th Issue), which are unsecured, non-convertible, non-cumulative, redeemable, and taxable. The issue includes a base size of Rs 10 billion and a green shoe option of Rs 32.50 billion. These bonds will have a 10-year tenure…
Author: PPD Team Date: February 16, 2026 NLC India Limited (NLCIL) has signed a Memorandum of Understanding (MoU) with National Aluminium Company Limited (NALCO) to jointly develop thermal and renewable energy projects. The agreement is intended to meet NALCO’s long-term power requirements through cost-effective and sustainable energy solutions. The MoU was formalised on February 14, 2026, in Mahabalipuram in the presence of senior officials from both Central Public Sector Enterprises (CPSEs). NLCIL was represented by…
Author: PPD Team Date: October 21, 2024 As part of the National Green Hydrogen Mission, the Indian government has approved three pilot projects aimed at utilizing hydrogen in steel production. The projects include a 50 ton-per-day (tpd) plant by Matrix Gas and Renewables Ltd (in collaboration with Gensol Engineering Ltd, IIT Bhubaneswar, and Metsol AB, Sweden), a 40 tpd plant by Simplex Castings Ltd (partnered with BSBK, Ten Eight Investment, and IIT Bhilai), and a…