Author: PPD Team Date: 13/11/2024
Solex Energy Limited reported robust financial performance in H1 FY2024-25, with total income surging 194% to Rs 2.731 billion, up from Rs 930 million in H1 FY24.
EBITDA increased 168% to Rs 253.7 million, and net worth expanded 244% to Rs 1.317 billion, while Return on Equity (ROE) improved to 29.41%, compared to 3.84% in the previous year.
Author: PPD Team Date: 11/12/2024 The National Committee on Transmission (NCT), in its 25th meeting, recommended the tariff-based competitive bidding (TBCB) route with PFC Consulting Limited (PFCCL) as the bid process coordinator (BPC) for the Transmission system for proposed Green Hydrogen / Green Ammonia projects in Kakinada area (Phase-I). The transmission scheme comprises the establishment of a 765/400 kV substation with 3×1500 MVA transformers and a 240 MVAr bus reactor. LILO (Line-In-Line-Out) of the existing…
Author: PPD Team Date: 02/05/2025 Indian Oil Corporation Limited (IOCL) has approved an equity investment of Rs 10.86 billion in Terra Clean Limited, its wholly-owned subsidiary. The funding will support the development of 4,300 MW of renewable energy (RE) capacity across India. The approval was given during the Board of Directors meeting held on 30 April 2025. This new capacity comes in addition to the previously approved 1,000 MW, expanding Terra Clean’s total planned RE…
Author: PPD Team Date: 17/12/2024 Sukhbir Agro Energy Limited (SAEL) is planning to establish 1,200 MW of renewable energy (RE) power projects in Andhra Pradesh. The project will be developed in two phases, with each phase consisting of 600 MW.
Author: PPD Team Date: 11/03/2025 Sangamam Power Projects Private Limited has prepared a detailed project report (DPR) for the 1,000 MW pumped storage project (PSP) in Sunki, Koraput district in Odisha, which will be developed at an investment of Rs 70 billion. The Odisha government and Telangana-based Sangamam Power have signed a Memorandum of Understanding (MoU) to move forward with the project. The agreement was formalized at the Utkarsha Odisha Conclave 2025. Odisha’s Deputy Chief…
Author: PPD Team Date: 13/11/2024 Larsen & Toubro Limited (L&T) and Bharat Heavy Electricals Limited (BHEL) have submitted bids to Nuclear Power Corporation of India Limited (NPCIL) for the erection of nuclear reactor systems and turbine systems for Units 5 and 6 of the Kudankulam Nuclear Power Plant in Tirunelveli, Tamil Nadu. NPCIL initiated the bidding process in April 2024. The project scope involves the installation of key systems, including generators, condensers, seawater systems, polar…
Author: PPD Team Date: 28/10/2024 As India aims to double its power capacity to 900 GW by 2030, a report by Aequitas Investments highlights concerns about potential overinvestment, cautioning against repeating past industry missteps. The report points to aggressive bidding without firm power purchase agreements (PPAs) and a reliance on costly imported coal, warning that these practices could lead to financial instability reminiscent of the 2008 sector downturn. The analysis reveals that private sector expansions…
Author: PPD Team Date: 11/12/2024 The National Committee on Transmission (NCT), in its 25th meeting, recommended the tariff-based competitive bidding (TBCB) route with PFC Consulting Limited (PFCCL) as the bid process coordinator (BPC) for the Transmission system for proposed Green Hydrogen / Green Ammonia projects in Kakinada area (Phase-I). The transmission scheme comprises the establishment of a 765/400 kV substation with 3×1500 MVA transformers and a 240 MVAr bus reactor. LILO (Line-In-Line-Out) of the existing…
Author: PPD Team Date: 02/05/2025 Indian Oil Corporation Limited (IOCL) has approved an equity investment of Rs 10.86 billion in Terra Clean Limited, its wholly-owned subsidiary. The funding will support the development of 4,300 MW of renewable energy (RE) capacity across India. The approval was given during the Board of Directors meeting held on 30 April 2025. This new capacity comes in addition to the previously approved 1,000 MW, expanding Terra Clean’s total planned RE…
Author: PPD Team Date: 17/12/2024 Sukhbir Agro Energy Limited (SAEL) is planning to establish 1,200 MW of renewable energy (RE) power projects in Andhra Pradesh. The project will be developed in two phases, with each phase consisting of 600 MW.
Author: PPD Team Date: 11/03/2025 Sangamam Power Projects Private Limited has prepared a detailed project report (DPR) for the 1,000 MW pumped storage project (PSP) in Sunki, Koraput district in Odisha, which will be developed at an investment of Rs 70 billion. The Odisha government and Telangana-based Sangamam Power have signed a Memorandum of Understanding (MoU) to move forward with the project. The agreement was formalized at the Utkarsha Odisha Conclave 2025. Odisha’s Deputy Chief…
Author: PPD Team Date: 13/11/2024 Larsen & Toubro Limited (L&T) and Bharat Heavy Electricals Limited (BHEL) have submitted bids to Nuclear Power Corporation of India Limited (NPCIL) for the erection of nuclear reactor systems and turbine systems for Units 5 and 6 of the Kudankulam Nuclear Power Plant in Tirunelveli, Tamil Nadu. NPCIL initiated the bidding process in April 2024. The project scope involves the installation of key systems, including generators, condensers, seawater systems, polar…
Author: PPD Team Date: 28/10/2024 As India aims to double its power capacity to 900 GW by 2030, a report by Aequitas Investments highlights concerns about potential overinvestment, cautioning against repeating past industry missteps. The report points to aggressive bidding without firm power purchase agreements (PPAs) and a reliance on costly imported coal, warning that these practices could lead to financial instability reminiscent of the 2008 sector downturn. The analysis reveals that private sector expansions…
Author: PPD Team Date: 11/12/2024 The National Committee on Transmission (NCT), in its 25th meeting, recommended the tariff-based competitive bidding (TBCB) route with PFC Consulting Limited (PFCCL) as the bid process coordinator (BPC) for the Transmission system for proposed Green Hydrogen / Green Ammonia projects in Kakinada area (Phase-I). The transmission scheme comprises the establishment of a 765/400 kV substation with 3×1500 MVA transformers and a 240 MVAr bus reactor. LILO (Line-In-Line-Out) of the existing…
Author: PPD Team Date: 02/05/2025 Indian Oil Corporation Limited (IOCL) has approved an equity investment of Rs 10.86 billion in Terra Clean Limited, its wholly-owned subsidiary. The funding will support the development of 4,300 MW of renewable energy (RE) capacity across India. The approval was given during the Board of Directors meeting held on 30 April 2025. This new capacity comes in addition to the previously approved 1,000 MW, expanding Terra Clean’s total planned RE…