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.Â
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.
GameChange BOS, a subsidiary of GameChange Energy Technologies, has started operations at its new medium voltage transformer plant in Taloja, Maharashtra. The manufacturing facility covers 180,000 square feet and has an annual production capacity of more than 1,800 transformers. The company stated that the unit will strengthen its supply to markets in India, Europe, and…
Waaree Energies Limited has informed the stock exchanges about the incorporation of eight wholly owned subsidiaries by its step-down subsidiary, Waaree Forever Energies Private Limited (WFEPL). The new entities have been created to hold specific independent power producer (IPP) projects. In its regulatory disclosure, the company stated that WFEPL, a wholly owned subsidiary of Waaree…
Rashmi Group will invest Rs 100 billion to set up a 2.8 million tonne per annum integrated steel plant and a 400 MW captive power plant in Purulia, West Bengal. The state government has allotted 938 acres of land for the project. The development is part of the group’s broader expansion in iron and steel,…
The Central Electricity Regulatory Commission (CERC) has granted a transmission licence to Khavda IV A Power Transmission Ltd, a subsidiary of Adani Energy Solutions Ltd (AESL). The licence, effective for 25 years unless revoked earlier, covers the development of an interstate transmission system (ISTS) for the evacuation of power from a renewable energy zone in…
NLC India Limited (NLCIL) has signed a Memorandum of Understanding (MoU) with National Aluminium Company Limited (NALCO) to jointly develop thermal and renewable energy projects. The agreement is intended to meet NALCO’s long-term power requirements through cost-effective and sustainable energy solutions. The MoU was formalised on February 14, 2026, in Mahabalipuram in the presence of…
The Expert Appraisal Committee (EAC) for Thermal Power projects has recommended environmental clearance for thermal power expansion projects in Chhattisgarh and Odisha involving a combined proposed investment of more than Rs 29,000 crore. The projects will add 2,920 MW of generation capacity through ultra-supercritical units. Korba expansion In Chhattisgarh, the EAC recommended environmental clearance for…