Author: PPD Team Date: January 20, 2025
Sterling and Wilson Renewable Energy Limited (SWERL) posted a net profit of Rs 0.17 billion for the quarter ending December 2024, recovering from a net loss of Rs 0.62 billion in the same quarter last year.
The company’s total income surged by 202.13% to Rs 18.43 billion during the quarter, compared to Rs 6.10 billion in the corresponding period of 2023.
Author: PPD Team Date: May 7, 2025 Coal India Limited (CIL) signed a Memorandum of Understanding (MoU) with Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) on May 5, 2025, to set up 500 MW of solar power projects in Uttar Pradesh. The MoU also provides for future collaboration between CIL and UPRVUNL for additional clean energy opportunities in the state. CIL is targeting 3,000 MW of solar capacity by FY 2025–26. This target is…
Author: PPD Team Date: January 14, 2025 JSW Energy’s subsidiary, JSW Neo Energy, has acquired 125 MW of renewable energy assets from Hetero Group for an enterprise valuation of Rs 6.3 billion. The portfolio includes wind power projects in Andhra Pradesh and Maharashtra, with long-term power purchase agreements. The acquisition was made through three Special Purpose Vehicles (SPVs) owned by Hetero Labs Ltd and Hetero Drugs Ltd. The portfolio has a blended tariff of Rs…
Author: PPD Team Date: December 1, 2025 The Ministry of Power has introduced a new system to settle contractual disputes in power projects executed by Central Public Sector Undertakings and statutory bodies under its oversight. The framework seeks to reduce delays in dispute resolution that often raise project costs and slow construction. The centrepiece of the reform is the creation of Conciliation Committees of Independent Experts. These committees offer an alternative to arbitration and court…
Author: PPD Team Date: September 15, 2025 Developers are studying projects to connect distant regions with electricity cables that could exceed 4,000 kilometres, the Financial Times reported. Potential links include Canada to the United Kingdom and Australia to Singapore. The idea is to harness renewable energy growth and balance electricity supply and demand by using differences in weather patterns and time zones. A working example is the Viking interconnector, which began commercial operations in late…
Author: PPD Team Date: July 25, 2025 Navitas Solar has received an investment of Rs 404.8 million from Parishi Capital to expand its solar module manufacturing facility in Ahmedabad, Gujarat. The funding was completed in two tranches, with the first round raised in 2023. The investment will support capacity expansion from 1.7 gigawatts (GW) to 2.5 GW. A third round of funding is planned to help the company set up a 3 GW solar cell…
Author: PPD Team Date: November 5, 2024 KEC International Ltd has recorded its highest-ever order book, including L1 positions, reaching over Rs 425 billion as of November 5, 2024. The confirmed order book stands at Rs 340.88 billion, with an L1 position valued at around Rs 85 billion. From April 1 to November 5, 2024, KEC’s order inflow reached Rs 134.82 billion, marking a 50% growth over the same period in FY24. This inflow is…