Author: PPD Team Date: November 13, 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: February 7, 2025 Power Machines (India) Limited has won a contract worth Rs 11.19 billion for electro-mechanical (E&M) works (Lot-III) of the Kwar Hydro Electric Project (HEP). Chenab Valley Power Projects Private Limited (CVPP) invited bids for the project in May 2024. The work is expected to be completed in 40 months. The Kwar HEP is a run-of-river (RoR) scheme on the Chenab River near Padyarna village in Kishtwar district, Jammu…
Author: PPD Team Date: October 1, 2025 India’s solar manufacturing sector added 44.2 gigawatts (GW) of module capacity and 7.5 GW of cell capacity in the first half of 2025, according to Mercom India’s report State of Solar PV Manufacturing in India 1H 2025. The report links the growth to the 186 GW large-scale solar project pipeline expected between 2025 and 2027, national solar targets for 2030, and rising demand for modules compliant with the…
Author: PPD Team Date: February 24, 2025 ReNew has announced its financial results for the third quarter of FY 2024-25, ending December 31, 2024. The company recorded a revenue of Rs 21.2 billion, marking a 10 per cent year-on-year (YoY) increase from Rs 19.3 billion in Q3 FY 2023-24. Revenue from power sales stood at Rs 14.9 billion, slightly lower than Rs 15 billion in the previous year. Net loss widened to Rs 3.8 billion…
Author: PPD Team Date: November 17, 2025 The Rajasthan Renewable Energy Corporation has released a Standard Operating Procedure to guide the development of renewable energy projects meant for captive use and third party sale. The framework sets a uniform approval path from registration to commissioning and introduces a mandatory BESS requirement for projects above 5 MW. The process starts with project registration. Developers need to show a minimum net worth of Rs 1 crore per…
Author: PPD Team Date: October 27, 2025 The central government’s Rs 20,000 crore mega solar power project connecting Ladakh to Haryana has sparked growing opposition from environmentalists and local groups in Himachal Pradesh, who warn it could cause irreversible ecological damage in the fragile Himalayan region. The project involves setting up a 713-km high-voltage direct current (HVDC) transmission line from Pang in Ladakh to Kaithal in Haryana. It will pass through Lahaul Spiti, Kullu, Mandi,…
Author: PPD Team Date: November 17, 2025 SJVN has achieved commercial operation for Unit 1 of the 1320 MW Buxar Thermal Power Project through its wholly owned subsidiary SJVN Thermal Private Limited. The 660 MW unit entered commercial service today under Regulation 30 of the SEBI Listing Regulations. The project is designed to support power supply in Bihar and the wider eastern region. The Buxar project is located at Chausa in the Buxar district, Bihar….