Author: PPD Team Date: November 5, 2024
Suzlon Group reported a net profit of Rs 2 billion for the quarter ending September 2024, marking a 96% increase from Rs 1.02 billion in the same period last year.
Total income rose by approximately 48% to Rs 21.21 billion, up from Rs 14.29 billion in the corresponding quarter of the previous year.
Author: PPD Team Date: December 9, 2024 ReNew has commissioned 750 MW of its 1 GW solar project in Rajasthan, with the remaining 225 MW set to become operational by January 2025. The project, developed in partnership with the Solar Energy Corporation of India (SECI), is designed to supply clean energy exclusively to Rajasthan through three Power Purchase Agreements (PPAs). Part of the Make in India initiative, the project focuses on localisation, with 90% of…
Author: PPD Team Date: February 18, 2026 Bajel Projects Limited has signed a joint venture agreement with Al Sharif Contracting and Commercial Development Company (ASC) to set up a new entity in the Kingdom of Saudi Arabia. The agreement, executed on February 17, 2026, establishes a 50:50 partnership to pursue Engineering, Procurement, and Construction (EPC) opportunities in the high-voltage transmission and substation segment. The proposed joint venture company (JVCo), which is yet to be incorporated,…
Author: PPD Team Date: November 12, 2024 GE Vernova T&D India Ltd reported a significant rise in order inflows for Q2 FY25, reaching Rs 46.82 billion, over four times the Rs 10.82 billion recorded in Q2 FY24. For the first half of FY25 (April-September), orders grew by 173 per cent to Rs 57.11 billion from Rs 20.88 billion in H1 FY24, with domestic orders accounting for 53 per cent. As of September 30, 2024, GE…
Author: PPD Team Date: October 17, 2024 Indian Oil Corporation (IOCL) has partnered with EverEnviro Resource Management to establish a joint venture (JV) focused on converting organic waste into compressed biogas (CBG). The two companies will share equal ownership in the JV, which will integrate advanced biogas technologies to promote biofuels and support the national deployment of CBG plants. This initiative aligns with IOCL’s long-term low-carbon strategy and its goal of achieving operational net-zero emissions…
Author: PPD Team Date: July 31, 2025 The Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce and Industry, has signed a Memorandum of Understanding (MoU) with Ather Energy Limited. The partnership is part of the Build in Bharat initiative, led by the Startup Policy Forum (SPF), a coalition of over 50 startups focused on innovation and manufacturing. The MoU will support deep-tech and hardware startups involved in EVs, clean…
Author: PPD Team Date: November 18, 2024 Union Minister Manohar Lal Khattar and officials from Nepal and Bangladesh inaugurated the first trilateral power flow transaction on 15 November 2024. The event marked the transmission of hydroelectric power from Nepal to Bangladesh, facilitated through India’s electricity grid. The power transaction stems from the Regional Cooperation for Power Purchase, Sale, Distribution, and Transmission agreement signed in June 2023 during Nepal Prime Minister Pushpa Kamal Dahal’s visit to…