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.
India is advancing the development of three small modular reactor (SMR) designs, including one dedicated to hydrogen production, Union Minister Jitendra Singh informed the Rajya Sabha last week. The three designs include the 200 MWe Bharat Small Modular Reactor (BSMR), a 55 MWe SMR, and a 5 MWth high-temperature gas-cooled reactor intended for hydrogen production….
Cosmic PV Power Limited has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise Rs 6,400 million through an initial public offering (IPO). The issue comprises a fresh equity component of up to Rs 5,400 million and an offer for sale (OFS) of Rs 1,000 million…
KPI Green Energy Limited has signed a Memorandum of Understanding (MoU) with the Government of Gujarat to develop renewable energy projects with a proposed investment of around Rs 4,000 crore. The MoU was signed on January 12, 2026, in Rajkot. Under the agreement, KPI Green plans to develop renewable energy projects with a combined capacity…
Hitachi Energy India Limited reported a 79.7% year-on-year (YoY) increase in net profit for the fourth quarter of FY26, supported by strong revenue growth and improved operating margins. The company also approved an additional capital expenditure of Rs 2,000 crore to expand manufacturing capacity, including a new large power transformer facility in Gujarat. Net profit…
PVV Infra Limited has won two solar power projects with a total investment of Rs 7.99 billion in Uttar Pradesh. Its subsidiary PVV EVTech has signed a 25-year power purchase agreement with the Uttar Pradesh New and Renewable Energy Development Agency for a 100 MW solar project across Baghpat and Moradabad districts. The project, developed…
The Tata Power Company Limited has incorporated a new wholly owned subsidiary, TP Urja Limited, to expand its presence in power and energy services. According to a regulatory filing, TP Urja has been set up as a public company under the Companies Act, 2013, with approval from the Ministry of Corporate Affairs granted on April…