Author: PPD Team Date: 18/10/2024
Rayzon Solar has won a contract to supply 216 MW of high-efficiency photovoltaic (PV) modules to Larsen & Toubro (L&T) for three solar projects across India.
The modules will be integral to L&T’s floating solar projects at Panchet and Ramagundam, as well as a ground-based solar project in Bihar.
Author: PPD Team Date: 22/11/2024 Carbon Minus Energy Private Limited has secured contracts worth Rs 39.6 billion from Maharashtra State Power Generation Corporation (MSPGCL) and Maharashtra State Electricity Distribution Company Limited (MSEDCL) for developing 904 MW of decentralized solar power projects across the state. Out of the total capacity, MSEDCL has awarded 730 MW, while MSPGCL has allocated 174 MW. The projects are aimed at agricultural feeder-level solarization under the Mukhyamantri Saur Krishi Vahini Yojana…
Author: PPD Team Date: 03/02/2025 Waaree Energies Limited has reported a remarkable performance for Q3 FY 2024-25, with total income rising by 114.63% to Rs 35,452.65 million. The earnings before interest, tax, depreciation, and amortisation (EBITDA) surged by 256.97% to Rs 8,097.05 million, while profit after tax (PAT) increased by 259.98% to Rs 5,068.76 million. The EBITDA margin expanded to 22.84%, up from 13.73%, and the PAT margin improved to 14.30% from 8.52% in Q3…
Author: PPD Team Date: 12/12/2024 Major investors in ReNew Energy Global have proposed taking the clean power generator private in a deal valued at $2.82 billion. The consortium, which includes the Canada Pension Plan Investment Board and UAE-based Masdar, holds 64% of the company’s voting rights and has offered to buy ReNew’s shares at $7.07 each. The offer represents an 11.5% premium on ReNew’s closing price of $6.34 on December 10, 2024. Following the announcement,…
Author: PPD Team Date: 10/02/2025 The State Investment Promotion Board (SIPB) of Andhra Pradesh has approved investment proposals worth Rs 183.58 billion for setting up 2,087.6 MW of renewable energy projects across the state. The approved projects include: NSL Renewable CPP Private Limited: A 50 MW wind-solar hybrid power project with an investment of Rs 5.67 billion. Tata Power Renewable Energy Limited (TPREL): A 400 MW solar power project in Anantapur, costing Rs 20 billion….
Author: PPD Team Date: 27/01/2025 Indian Energy Exchange (IEX) reported a profit after tax of Rs 1,073 million for the quarter ended December 2024, a 16.9% increase from Rs 918 million in the same period last year. The company’s consolidated revenue grew by 13.7% to Rs 1,605 million in Q3 FY2024, compared to Rs 1,412 million during the corresponding quarter of 2023.
Author: PPD Team Date: 24/03/2025 NHPC Limited has awarded bids to four firms for developing 2,170 MW of Inter-State Transmission System (ISTS)-connected solar power projects across India under Tranche-IX. The projects will be developed on a build, own, and operate (BOO) basis. ReNew Solar Power Private Limited (ReNew Power Ventures Private Limited) emerged as the largest winner, securing a total of 900 MW, including base and greenshoe capacities. The company quoted tariffs of Rs 2.47…
Author: PPD Team Date: 22/11/2024 Carbon Minus Energy Private Limited has secured contracts worth Rs 39.6 billion from Maharashtra State Power Generation Corporation (MSPGCL) and Maharashtra State Electricity Distribution Company Limited (MSEDCL) for developing 904 MW of decentralized solar power projects across the state. Out of the total capacity, MSEDCL has awarded 730 MW, while MSPGCL has allocated 174 MW. The projects are aimed at agricultural feeder-level solarization under the Mukhyamantri Saur Krishi Vahini Yojana…
Author: PPD Team Date: 03/02/2025 Waaree Energies Limited has reported a remarkable performance for Q3 FY 2024-25, with total income rising by 114.63% to Rs 35,452.65 million. The earnings before interest, tax, depreciation, and amortisation (EBITDA) surged by 256.97% to Rs 8,097.05 million, while profit after tax (PAT) increased by 259.98% to Rs 5,068.76 million. The EBITDA margin expanded to 22.84%, up from 13.73%, and the PAT margin improved to 14.30% from 8.52% in Q3…
Author: PPD Team Date: 12/12/2024 Major investors in ReNew Energy Global have proposed taking the clean power generator private in a deal valued at $2.82 billion. The consortium, which includes the Canada Pension Plan Investment Board and UAE-based Masdar, holds 64% of the company’s voting rights and has offered to buy ReNew’s shares at $7.07 each. The offer represents an 11.5% premium on ReNew’s closing price of $6.34 on December 10, 2024. Following the announcement,…
Author: PPD Team Date: 10/02/2025 The State Investment Promotion Board (SIPB) of Andhra Pradesh has approved investment proposals worth Rs 183.58 billion for setting up 2,087.6 MW of renewable energy projects across the state. The approved projects include: NSL Renewable CPP Private Limited: A 50 MW wind-solar hybrid power project with an investment of Rs 5.67 billion. Tata Power Renewable Energy Limited (TPREL): A 400 MW solar power project in Anantapur, costing Rs 20 billion….
Author: PPD Team Date: 27/01/2025 Indian Energy Exchange (IEX) reported a profit after tax of Rs 1,073 million for the quarter ended December 2024, a 16.9% increase from Rs 918 million in the same period last year. The company’s consolidated revenue grew by 13.7% to Rs 1,605 million in Q3 FY2024, compared to Rs 1,412 million during the corresponding quarter of 2023.
Author: PPD Team Date: 24/03/2025 NHPC Limited has awarded bids to four firms for developing 2,170 MW of Inter-State Transmission System (ISTS)-connected solar power projects across India under Tranche-IX. The projects will be developed on a build, own, and operate (BOO) basis. ReNew Solar Power Private Limited (ReNew Power Ventures Private Limited) emerged as the largest winner, securing a total of 900 MW, including base and greenshoe capacities. The company quoted tariffs of Rs 2.47…
Author: PPD Team Date: 22/11/2024 Carbon Minus Energy Private Limited has secured contracts worth Rs 39.6 billion from Maharashtra State Power Generation Corporation (MSPGCL) and Maharashtra State Electricity Distribution Company Limited (MSEDCL) for developing 904 MW of decentralized solar power projects across the state. Out of the total capacity, MSEDCL has awarded 730 MW, while MSPGCL has allocated 174 MW. The projects are aimed at agricultural feeder-level solarization under the Mukhyamantri Saur Krishi Vahini Yojana…
Author: PPD Team Date: 03/02/2025 Waaree Energies Limited has reported a remarkable performance for Q3 FY 2024-25, with total income rising by 114.63% to Rs 35,452.65 million. The earnings before interest, tax, depreciation, and amortisation (EBITDA) surged by 256.97% to Rs 8,097.05 million, while profit after tax (PAT) increased by 259.98% to Rs 5,068.76 million. The EBITDA margin expanded to 22.84%, up from 13.73%, and the PAT margin improved to 14.30% from 8.52% in Q3…