Author: PPD Team Date: 16/01/2025
Rajasthan Chief Minister Bhajan Lal Sharma has approved the allocation of 4,000 hectares in Bodana village, Jaisalmer district, to the Rajasthan Solar Park Development Company for establishing a 2,000 MW solar power project.
This initiative aligns with the state’s commitment to advancing renewable energy and supporting clean energy goals.
Author: PPD Team Date: 28/10/2024 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 in Q2…
Author: PPD Team Date: 28/10/2024 Hindustan Petroleum Corporation (HPCL) has floated a tender seeking the supply of 5,000 tonnes (5 KTPA) of green hydrogen annually for its Visakh Refinery. The tender period is set for 25 years, with the bid submission deadline on January 21, 2025. The successful bidder will be responsible for selecting the project location, acquiring land, and constructing the Green Hydrogen Generation Unit (GHGU), which will comprise electrolysers, power systems, and purification…
Author: PPD Team Date: 03/01/2025 The Renewables Infrastructure Group (TRIG) has secured a power purchase agreement (PPA) with Qair France and partners to supply renewable electricity to the Hyd’Occ hydrogen production facility in Port-la Nouvelle, Aude, France. Electricity will be sourced from TRIG’s two onshore wind farms in the Occitanie region, supporting sustainable energy initiatives in the area. The Hyd’Occ facility, developed by Qair’s subsidiary, Hyd’Occ project company, involves a €60m ($65.4m) investment and is…
Author: PPD Team Date: 20/01/2025 Waaree Renewables Technologies Limited reported a net profit of Rs 0.53 billion for the quarter ending December 2024, a 17.18% decrease compared to Rs 0.64 billion in the same quarter last year. The company’s total income rose by 11.66% to Rs 3.64 billion during the quarter, up from Rs 3.25 billion in the corresponding period of 2023.
Author: PPD Team Date: 08/07/2025 The Forest Advisory Committee (FAC) under the Ministry of Environment, Forest and Climate Change (MoEFCC) has granted in-principle approval to divert 847.17 hectares of forest land in Jammu & Kashmir for the Sawalkote Hydro Electric Project. The land spans across the Udhampur, Mahore, Batote, and Ramban forest divisions. The 1,856 MW project will be built on the Chenab river in the Ramban district. It is being developed by NHPC Limited…
Author: PPD Team Date: 29/04/2025 REC Limited has mobilised Rs 50 billion through bond issuance on a private placement basis to bolster its funding for power sector financing. The issue included Rs 30 billion in 5-year bonds with a 6.87 per cent coupon rate and Rs 20 billion in 10-year bonds with a 6.86 per cent coupon rate. Strong investor interest highlighted market confidence in REC’s financial and operational stability. All three major credit rating…
Author: PPD Team Date: 28/10/2024 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 in Q2…
Author: PPD Team Date: 28/10/2024 Hindustan Petroleum Corporation (HPCL) has floated a tender seeking the supply of 5,000 tonnes (5 KTPA) of green hydrogen annually for its Visakh Refinery. The tender period is set for 25 years, with the bid submission deadline on January 21, 2025. The successful bidder will be responsible for selecting the project location, acquiring land, and constructing the Green Hydrogen Generation Unit (GHGU), which will comprise electrolysers, power systems, and purification…
Author: PPD Team Date: 03/01/2025 The Renewables Infrastructure Group (TRIG) has secured a power purchase agreement (PPA) with Qair France and partners to supply renewable electricity to the Hyd’Occ hydrogen production facility in Port-la Nouvelle, Aude, France. Electricity will be sourced from TRIG’s two onshore wind farms in the Occitanie region, supporting sustainable energy initiatives in the area. The Hyd’Occ facility, developed by Qair’s subsidiary, Hyd’Occ project company, involves a €60m ($65.4m) investment and is…
Author: PPD Team Date: 20/01/2025 Waaree Renewables Technologies Limited reported a net profit of Rs 0.53 billion for the quarter ending December 2024, a 17.18% decrease compared to Rs 0.64 billion in the same quarter last year. The company’s total income rose by 11.66% to Rs 3.64 billion during the quarter, up from Rs 3.25 billion in the corresponding period of 2023.
Author: PPD Team Date: 08/07/2025 The Forest Advisory Committee (FAC) under the Ministry of Environment, Forest and Climate Change (MoEFCC) has granted in-principle approval to divert 847.17 hectares of forest land in Jammu & Kashmir for the Sawalkote Hydro Electric Project. The land spans across the Udhampur, Mahore, Batote, and Ramban forest divisions. The 1,856 MW project will be built on the Chenab river in the Ramban district. It is being developed by NHPC Limited…
Author: PPD Team Date: 29/04/2025 REC Limited has mobilised Rs 50 billion through bond issuance on a private placement basis to bolster its funding for power sector financing. The issue included Rs 30 billion in 5-year bonds with a 6.87 per cent coupon rate and Rs 20 billion in 10-year bonds with a 6.86 per cent coupon rate. Strong investor interest highlighted market confidence in REC’s financial and operational stability. All three major credit rating…
Author: PPD Team Date: 28/10/2024 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 in Q2…
Author: PPD Team Date: 28/10/2024 Hindustan Petroleum Corporation (HPCL) has floated a tender seeking the supply of 5,000 tonnes (5 KTPA) of green hydrogen annually for its Visakh Refinery. The tender period is set for 25 years, with the bid submission deadline on January 21, 2025. The successful bidder will be responsible for selecting the project location, acquiring land, and constructing the Green Hydrogen Generation Unit (GHGU), which will comprise electrolysers, power systems, and purification…