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.
The Reserve Bank of India (RBI) has announced the issuance of Rs 200 billion in sovereign green bonds across four equal tranches during the second half of fiscal year 2024-25. These bonds will fund projects in renewable energy, clean transportation, sustainable water management, and other climate-focused sectors. The first tranche of Rs 50 billion with a 10-year tenor will open for subscription from November 25 to 29, 2024. The second tranche, with a 30-year tenor,…
The Indian government has launched a study to assess the costs and reliability of transporting green hydrogen through pipelines from renewable energy regions to ports, for both domestic consumption and export. The study, led by a team including GAIL, Indian Oil Corporation (IoCL), the Central Electricity Authority (CEA), and NTPC, will explore the feasibility of transporting green hydrogen either via power transmission lines or pipelines. Ghanshyam Prasad, Chairperson of the CEA, noted the challenges of…
American utility AES Corporation has launched Maximo, an AI-enabled robot designed to enhance the speed, efficiency, and safety of solar panel installations. Maximo, which collaborates with on-site crews, halves installation time and costs. It uses AI-powered computer vision for precise panel placement and has a proprietary AI pipeline for image reconstruction. Successfully deployed across US projects, Maximo will be used in the 2GW Bellefield project in California and has already been used at the Oak…
Inox Wind Limited (IWL) has secured an 87 MW order from Continuum Green Energy for its 3 MW Wind Turbine Generators (WTGs). This repeat order will be executed on turnkey basis, with IWL providing multi-year operations and maintenance services post-commissioning. The projects are slated for Gujarat and Rajasthan. This addition brings Continuum’s total orders with IWL to approximately 700 MW and elevates IWL’s order book to over 3.4 GW, marking its highest level to date. …
Grew Energy Pvt Ltd, a solar photovoltaic (PV) module manufacturing company, has entered into a partnership with the Indian Institute of Technology, Bombay (IIT Bombay) to advance innovation and excellence in photovoltaic technology. This collaboration will focus on solar cell and module manufacturing, performance characterization, and reliability assessments, aiming to drive significant advancements in the sector. The Memorandum of Understanding (MoU) between IIT Bombay and Grew Energy lays the groundwork for a dynamic partnership that…
HPL Electric & Power Ltd announced that its outstanding order book as of July 30, 2024, stands at over Rs. 37 billion. This substantial order book indicates a strong pipeline, ensuring sustained revenue generation and growth opportunities for the company. The company has bolstered its leadership in the smart metering sector, reporting a 35.67% year-on-year increase in revenue from its Metering, Systems & Services segment. This growth is attributed to a steady flow of orders…
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