Author: PPD Team Date: 06/01/2025
REC Limited disbursed Rs 546.92 billion in loans during Q3 FY25, marking a 17.98% year-on-year increase. Renewable energy loan disbursements grew by 58.09% to Rs 63.14 billion.
For the first nine months of FY25, REC disbursed Rs 1,456.47 billion, a 19.30% rise from Rs 1,220.89 billion in FY24. Renewable energy loans during this period totalled Rs 176.12 billion, reflecting a 78.68% year-on-year growth.
Author: PPD Team Date: 03/12/2024 Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, has commissioned a 431 MW DC solar project in Neemuch, Madhya Pradesh. Spanning 1,635.63 acres, the project was secured through a competitive bidding process and features a combination of single-axis trackers and bi-facial modules to enhance system efficiency by over 15%. The project is expected to offset 7,80,300 tonnes of CO2 annually while adhering to engineering standards, including SCADA…
Author: PPD Team Date: 30/01/2025 ACME Solar has reported strong financial growth for the third quarter of FY 2024-25, ending on December 31, 2024. The company’s profit after tax (PAT) surged by 152% year-on-year, reaching Rs 1.12 billion, with a PAT margin of 28%. Total revenue for the quarter stood at Rs 4.01 billion, reflecting a 9.9% year-on-year increase and a 35.8% quarter-on-quarter growth. Earnings before interest, tax, depreciation, and amortisation (EBITDA) grew by 15.7%,…
Author: PPD Team Date: 11/12/2024 Teerth Gopicon Private Limited has received a Letter of Award (LoA) worth Rs 2.37 billion from Rajasthan Renewable Energy Corporation Limited (RRECL) to set up 37 MW of rooftop solar photovoltaic (PV) power projects on government buildings in Baran and Pali districts. The contract, awarded on December 7, 2024, includes 11 MW in Baran and 26 MW in Pali. The scope of the project includes the design, supply, erection, testing,…
Author: PPD Team Date: 02/12/2024 INOX Air Products (INOXAP) has commenced the supply of electronic and speciality gases to ReNew’s first solar photovoltaic (PV) cell manufacturing facility in Dholera, Gujarat. Under a long-term agreement, INOXAP provides critical gases such as nitrous oxide, ammonia, and silane through a logistics system comprising ISO containers and tube trailers owned by INOXAP. The partnership includes a comprehensive gas management solution to ensure reliable distribution and onsite handling, adhering to…
Author: PPD Team Date: 15/01/2025 JSW Energy has been declared the successful applicant for the resolution plan of KSK Mahanadi Power Company (KMPCL) under the corporate insolvency resolution process (CIRP) and has received a letter of intent (LoI). The resolution plan was approved by the Committee of Creditors and is now awaiting regulatory approvals from the National Company Law Tribunal and the Competition Commission of India. KMPCL owns a 3,600 MW thermal power plant in…
Author: PPD Team Date: 21/10/2024 BEST petitioned the Maharashtra Electricity Regulatory Commission (MERC) to terminate its power purchase agreement with Tata Power‘s Trombay Unit 5, citing high energy charges ranging from Rs 8 to Rs 11 per unit. BEST argued that these tariffs were burdening 1.08 million consumers in Mumbai. However, MERC dismissed the plea, highlighting transmission constraints in sourcing power from outside Mumbai, necessitating Tata Power’s embedded generation for a secure supply. During a…