Siemens Energy Q3 profit rises 80%, announces expansion at Aurangabad
Author: PPD Team Date: August 6, 2025
Author: PPD Team Date: August 6, 2025
Siemens Energy India reported an 80% year-on-year increase in net profit to Rs 263 crore for the quarter ended June 2025. Revenue from operations rose 20% to Rs 1,785 crore during the same period.
New orders nearly doubled, rising 94% year-on-year to Rs 3,290 crore. Operating profit grew 59% to Rs 314 crore, with profit margins improving to 17.6% from 13.3% a year earlier.
To support increased demand, the company announced a phased investment of Rs 280 crore to expand its high-voltage switchgear manufacturing capacity at its Aurangabad facility.
For the nine months ending June 2025, Siemens Energy reported a net profit of Rs 741 crore and revenue of Rs 5,181 crore. New orders during this period totalled Rs 10,765 crore.
Author: PPD Team Date: May 7, 2025 Senvion India Private Limited has secured a contract from Powerica Limited to supply 17 wind turbine generators (WTGs) for a 50 MW wind power project in Gujarat. The order includes M130 WTGs with a Hybrid Lattice Tubular (HLT) tower, each with a rated capacity of 3.1 MW. The project falls under Tranche-XVII of the Inter State Transmission System (ISTS)-connected wind power initiative. With a total capacity of 52.7…
Author: PPD Team Date: December 9, 2024 Assam and Bihar are leading states in smart meter installations under the Revamped Distribution Sector Scheme (RDSS), with a total of 7.54 million smart meters installed across India. This includes 7.30 million consumer meters, 0.18 million distribution transformer (DT) meters and 0.06 million feeder meters. The total number of smart meters sanctioned under RDSS stands at approximately 2.03 billion, indicating that only 3.7% of the meters have been…
Author: PPD Team Date: July 28, 2025 JSW Energy’s unit, JSW Neo Energy, has signed a 25-year power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI) to supply 230 megawatts (MW) of firm and dispatchable renewable energy (FDRE) from interstate transmission system (ISTS)-connected projects across India. The PPA, secured under SECI’s FDRE Tranche IV scheme, is JSW’s first agreement in the FDRE segment. The power will be supplied at a tariff of…
Author: PPD Team Date: November 13, 2024 Patel Engineering Limited announced a net profit increase of 151% year-over-year for Q2 FY25. For the quarter ending September 30, 2024, the company reported a revenue increase of 14.98%, reaching Rs 11,743 million, driven by progress in hydropower, irrigation, and tunnelling projects. The operating EBITDA rose by 15.8% to Rs 1,622 million, while the net profit margin improved to 6.88%. The company’s order book stood at Rs 172,607…
Author: PPD Team Date: June 16, 2025 Meta has signed a deal with XGS Energy to develop a 150 megawatt (MW) geothermal project in New Mexico. The project will support Meta’s growing energy needs, especially as it expands its data centre and AI infrastructure in the state. The geothermal energy will be delivered through the PNM (Public Service Company of New Mexico) electric grid. The project will roll out in two phases, both expected to…
Author: PPD Team Date: November 20, 2024 NTPC Vidyut Vyapar Nigam (NVVN) has awarded contracts totalling 66 MW of solar capacity to Kirloskar Solar Technologies and Oriana Power. The projects, valued at Rs 2.91 billion, will be developed across multiple Indian states. Kirloskar Solar Technologies received contracts for 32.29 MW of ground-mounted solar projects and 14.74 MW of rooftop solar installations, amounting to Rs 2.08 billion. These projects will be set up in Chhattisgarh, Madhya…