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Solex Energy and Advait Energy report FY 2024–25 performance
Solex Energy Limited reported a total income of Rs 6.658 billion for FY 2024–25, up 81 per cent from Rs 3.680 billion in FY 2023–24. Profit after tax surged to Rs 427.9 million, a 390 per cent increase from Rs 87.3 million. Earnings per share (EPS) rose to Rs 43.82, reflecting a 301 per cent…
IEX and AESL announce FY25 financial results
Indian Energy Exchange Limited (IEX) posted a net profit of Rs 4.29 billion for 2024-25, a 22.22 per cent rise from the previous year’s Rs 3.51 billion. The company’s total income also grew by 19.23 per cent. It reached Rs 6.57 billion in 2024-25, compared to Rs 5.51 billion a year earlier. Meanwhile, Adani Energy…
Evren secures $600 million for 1 GW FDRE hybrid projects
Evren, a platform launched by Brookfield in India as a joint venture with Axis Energy, has secured approximately $600 million to develop its Firm and Dispatchable Renewable Energy (FDRE) hybrid project in Andhra Pradesh and Rajasthan. This is among the first large-scale, fully integrated FDRE project financings in India. The project, with an installed capacity…
Chandigarh races ahead in solar push with new 4 MWp floating plant
The Chandigarh Administration is expanding its use of floating solar energy with a new 4 MWp plant at the Sector 39 waterworks, as reported by The Tribune.  Chandigarh had earlier commissioned the region’s largest floating solar project, a 2.5 MWp plant at the same site. Another 3 MWp floating plant has been completed and is…
Torrent Power announces Rs 500 billion investment
Torrent Power Limited has announced a capital investment plan of Rs 500 billion over the next three to four years. The funds will be used to expand its renewable energy portfolio and strengthen transmission and distribution networks. The company aims to increase its renewable energy capacity to 10 GW by 2030, up from 1.75 GW…
PFCCL appointed as BPC for Transmission system for proposed Green Hydrogen/Green Ammonia projects in Kakinada area (Phase-I)
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…
