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: February 7, 2025 The Ministry of Coal has announced the selected applicants under Category II of the Financial Incentive Scheme, a key part of India’s coal gasification program. With an Rs 85 billion financial outlay, the scheme aims to accelerate coal gasification, lower carbon emissions, enhance energy security, and promote sustainable development. Launched on January 24, 2024, the scheme supports private firms and public sector undertakings (PSUs) in developing coal gasification…
Author: PPD Team Date: October 23, 2024 Danish energy company Ørsted has submitted a proposal for the Long Island Wind project to the New York State Energy Research and Development Authority (NYSERDA). The project is designed to generate over 1.4GW of offshore wind energy, supplying renewable power to one million homes in New York, and is expected to begin commercial operations by 2033. Long Island Wind is a key component of Ørsted’s Northeast Hub, supporting…
Author: PPD Team Date: May 12, 2025 ArcelorMittal has begun delivering clean energy to AMNS India’s Hazira steel facility in Gujarat using its newly operational 1 GW wind-solar hybrid project in Andhra Pradesh. This renewable power now covers more than 20 per cent of the Hazira plant’s energy needs. The shift is projected to cut annual carbon emissions by 1.5 million tonnes. It aligns with AMNS India’s goal to lower its steel carbon intensity by…
Author: PPD Team Date: December 16, 2025 Inox Wind Limited (IWL) has secured new wind turbine supply orders totalling 202.3 MW. The projects are located in Karnataka and Gujarat and add to the company’s FY26 order book. IWL has received a 102.3 MW order from ABREL EPC Ltd., a subsidiary of Aditya Birla Renewables Limited (ABReL), for the supply of 3.3 MW wind turbine generators. The turbines will be deployed at projects being developed in…
Author: PPD Team Date: October 16, 2025 The Securities and Exchange Board of India (Sebi) has uncovered insider trading worth over Rs 173 crore in shares of the Indian Energy Exchange (IEX) and barred eight people from the market after search operations last month. Sebi found that confidential details from Central Electricity Regulatory Commission (CERC) meetings on market coupling were leaked and used for trading. The regulator has sent its order to CERC for action….
Author: PPD Team Date: November 29, 2024 India plans to invest Rs 9.12 trillion to enhance its power transmission infrastructure by 2032, as detailed in the National Electricity Plan (Transmission) presented by Union Minister Shripad Yesso Naik in the Rajya Sabha. The plan covers the addition of 1,91,474 circuit kilometers (ckm) of transmission lines and 1,274 Giga Volt Ampere (GVA) of transformation capacity at 220 kV and above voltage levels between 2022-23 and 2031-32. The…