Author: PPD Team Date: December 6, 2024
Reliance Power Limited has recorded a net profit of Rs 28.78 billion for the quarter ended September 2024, reversing a loss of Rs 2.38 billion in the same period last year.
Despite the turnaround, the company’s total income decreased by 7.23 per cent to Rs 19.63 billion during the quarter, compared to Rs 21.16 billion in the corresponding period of 2023.
Author: PPD Team Date: July 1, 2025 NLC India Limited has received a Letter of Award (LoA) to set up 450 megawatts (MW) of Inter-State Transmission System (ISTS)-connected wind-solar hybrid projects in Rajasthan and Gujarat. The award was issued on June 27, 2025, under NTPC Limited’s hybrid tender NTPC-03. NLC had secured the capacity in March 2025 by quoting a tariff of Rs 3.35 per kilowatt-hour (kWh). A power purchase agreement (PPA) will be signed…
Author: PPD Team Date: October 30, 2024 Saboo Sodium Chloro (SSCL) has announced the expansion of its captive solar power plant at the Nawa refinery in Sambhar Lake, Rajasthan. With an additional 150 kW, the facility’s total solar capacity now reaches 650 kW. EKAM Green Ventures has been appointed as the EPC contractor, with the project expected to be operational within ten days. This expansion is anticipated to generate annual energy cost savings of approximately…
Author: PPD Team Date: April 8, 2025 Tata Power has received approval from the Maharashtra Electricity Regulatory Commission (MERC) to install a 100 MW Battery Energy Storage System (BESS) in Mumbai. The project will be completed over the next two years. The system includes advanced ‘black start’ functionality. This feature allows a quick restoration of power to key infrastructure—such as the metro, hospitals, the airport, and data centers—during grid failures. It is aimed at preventing…
Author: PPD Team Date: April 21, 2026 Talwandi Sabo Power Limited (TSPL) will be demerged and listed as an independent entity, Vedanta Power Limited, after the Board of Vedanta Limited approved the final steps of its restructuring on April 20, 2026. At a Board meeting in Mumbai, the company fixed May 1, 2026 as both the Effective Date of the Composite Scheme of Arrangement and the Record Date. Shareholders holding Vedanta shares on that date…
Author: PPD Team Date: December 4, 2024 Adani Saur Urja (KA) Limited, a wholly owned subsidiary of Adani Green Energy Limited (AGEL), has incorporated Adani Hydro Energy Four Limited (AHE4L) for renewable energy projects. AHE4L’s mandate includes the generation, development, distribution, transmission, and sale of electrical energy derived from wind, solar, and other renewable sources. In the previous week, AGEL, through Adani Saur Urja (KA) Limited, established four subsidiaries: Adani Hydro Energy One Limited (AHE1L), Adani…
Author: PPD Team Date: July 8, 2025 Power Grid Corporation of India Limited (PGCIL) has awarded a Rs 233.39 million contract to a joint venture of Jain Irrigation Systems Limited and H2e Power Systems Private Limited for setting up a green hydrogen microgrid pilot project. The project involves establishing a Solar PV-powered green hydrogen and fuel cell-based microgrid pilot at the 400/220/33 kV Neemrana substation in Rajasthan. Listed as T&D-Pilot Package GH2-01, the project will…