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: December 23, 2024 Excelsior Energy Capital has entered a multi-year agreement with LG Energy Solution Vertech for a 7.5 gigawatt hour (GWh) reservation to support its US clean energy projects. This agreement ensures a steady supply of high-quality battery energy storage systems (BESS) for Excelsior’s standalone and hybrid energy storage projects across the country. From 2026, the batteries will be produced at LG Energy Solution Vertech’s advanced US facilities, strengthening supply…
Author: PPD Team Date: February 11, 2025 Bharat Heavy Electricals Limited (BHEL) has received a Letter of Award (LoA) worth Rs 80 billion for the engineering, procurement, and construction (EPC) of the 2×660 MW Koradi Thermal Power Project. The contract, awarded by Maharashtra State Power Generation Company Limited (MSPGCL) on February 7, 2025, covers the design, engineering, manufacturing, and commissioning of the Boiler, Turbine, and Generator (BTG) package. The scope includes designing, manufacturing, testing, and…
Author: PPD Team Date: November 26, 2024 Solarworld Energy Solutions Limited has raised Rs 1.1 billion through a pre-IPO placement, reducing the fresh issue component of its IPO from Rs 5.5 billion to Rs 4.4 billion. Initially, the company planned to raise Rs 6 billion, as per the draft red herring prospectus (DRHP) filed with SEBI in September. The IPO includes Rs 500 million as an offer-for-sale (OFS) by the promoter, Pioneer Facor IT Infradevelopers….
Author: PPD Team Date: March 17, 2025 The Government of Jammu & Kashmir (GoJK) has proposed a 50 MVA, 220/33 kV gas-insulated substation (GIS) at Batkote in Pahalgam. The project is expected to be implemented through a tariff-based competitive bidding (TBCB) process as part of the state’s transmission plan for 2022-27. According to the Central Electricity Authority (CEA), Jammu & Kashmir had no targets for transmission capacity additions at 220 kV and above for the…
Author: PPD Team Date: January 23, 2025 Telawne Power Equipments Pvt Ltd secured a Rs 200 million equity infusion to accelerate growth and technological innovation. The investment came from Ramesh Jaisinghani, Promoter of Polycab India Ltd, through his family office Vyom, and Mastermind JPIN. Both investors contributed Rs 100 million each. Managing Director Rakesh Telawne highlighted that this partnership strengthens the company’s financial position and supports its vision of adopting advanced technologies in the transformer…
Author: PPD Team Date: May 1, 2025 Adani Power Limited has reported a net profit of Rs 127.50 billion in 2024–25, a decline of 38.78 percent from Rs 208.29 billion recorded in the previous year. Total income fell 2.28 percent to Rs 589.06 billion in FY25 from Rs 602.81 billion in FY24. However, one source indicated a 10 percent growth in revenue during the period. The company posted a net profit of Rs 27.37 billion…