Author: PPD Team Date: November 6, 2024
Tata Power Company Limited posted a net profit of Rs 10.93 billion for the quarter ending September 2024, marking a 7.47 per cent rise from Rs 10.17 billion in the same period last year.
The company’s total income grew by approximately 1.13 per cent to Rs 162.11 billion in Q2 FY2024, up from Rs 160.3 billion in the corresponding quarter of the previous year.
Author: PPD Team Date: August 6, 2025 Siemens Energy India reported an 80% year-on-year increase in net profit to Rs 263 crore for the quarter ended June 2025. Revenue from operations rose 20% to Rs 1,785 crore during the same period. New orders nearly doubled, rising 94% year-on-year to Rs 3,290 crore. Operating profit grew 59% to Rs 314 crore, with profit margins improving to 17.6% from 13.3% a year earlier. To support increased demand,…
Author: PPD Team Date: June 26, 2025 Druk Green Power Corporation Limited (DGPC) has signed a memorandum of understanding (MoU) with Thailand-based B.Grimm Power Public Company Limited for the joint development of renewable energy projects in Bhutan. The agreement sets a framework for future collaboration through special purpose vehicles established under Bhutanese law. The focus will be on integrating solar power with Bhutan’s existing hydropower capacity to expand the country’s renewable energy mix. The partnership…
Author: PPD Team Date: September 18, 2025 The Telangana government is preparing to establish a new electricity distribution company by restructuring the Northern Power Distribution Company of Telangana Limited (NPDCL) and the Southern Power Distribution Company of Telangana Limited (SPDCL). The new entity will focus on supplying power to agriculture, lift irrigation projects, drinking water systems, and the Greater Hyderabad Municipal Corporation (GHMC) region. Chief Minister A Revanth Reddy has instructed officials to prepare a…
Author: PPD Team Date: January 13, 2025 Dakshin Gujarat Vij Company Limited (DGVCL) has issued Letters of Intent (LoIs) to four firms for the development of 127 MW decentralised solar power projects under component C of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) program in Gujarat. Details of the firms and their respective projects: KPI Green Energy Limited: 51 MW across 15 locations at a tariff range of Rs 2.28-3 per kWh….
Author: PPD Team Date: January 17, 2025 Israeli power company Dalia Energy has obtained a finance agreement worth 5.3 billion shekels ($1.5bn) from Bank Hapoalim to construct an 850MW power plant at the Eshkol gas-fired power station site in Ashdod, Israel, as reported by Reuters. The non-binding agreement marks a significant milestone for the Avshal plant, which will earn approximately 0.065 shekels per kilowatt-hour for 20 years after operations begin. In 2024, Dalia Energy acquired…
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…