Author: PPD Team Date: 13/12/2024
Tivolt Electric Vehicles Private Limited, a subsidiary of TI Clean Mobility, has partnered with Tata Power Renewable Energy Limited (TPREL) to build an electric vehicle charging ecosystem.
Under the agreement, TPREL will use its expertise to establish charging stations at Tivolt dealerships, customer locations, and high-traffic public spaces across the country.
Author: PPD Team Date: 13/02/2025 Megha Engineering and Infrastructure Limited (MEIL) is set to invest Rs 103 billion in developing a pumped storage project (PSP) at Kommuru in Annamayya district, Andhra Pradesh. The project has received approval from the State Investment Promotion Board (SIPB), chaired by Chief Minister Chandrababu Naidu. This project is among 15 PSPs approved by SIPB and aims to enhance the region’s energy infrastructure. Along with generating clean electricity, the initiative is…
Author: PPD Team Date: 28/10/2024 REC Limited has reported strong financial results for Q2 FY25, with a 17% rise in revenue from operations, reaching Rs 135.71 billion, compared to Rs 115.90 billion in the same quarter last year. Total income increased by 18% to Rs 266.33 billion, while net interest income saw a notable 25% jump, reaching Rs 97.23 billion. Net profit rose by 11% to Rs 74.88 billion from Rs 67.34 billion in Q2…
Author: PPD Team Date: 12/11/2024 Sunkind has announced securing a 570 MW solar energy project from Maharashtra State Power Generation Company Limited (Mahagenco) under the Mukhyamantri Saur Krushi Vahini Yojana (MSKVY 2.0 scheme). The project includes a 569 MW EPC component and a 10.4 MWp ground-mounted solar PV agriculture feeder system at Satmane in Nashik, aimed at enhancing agricultural power distribution in the region. Sunkind’s CEO Hanish Gupta noted that the project will improve agricultural…
Author: PPD Team Date: 13/11/2024 The Asian Development Bank (ADB) has approved a USD 311 million loan to upgrade electricity transmission and distribution infrastructure in Nepal under the South Asia Subregional Economic Cooperation Electricity T&D Strengthening Project. Implemented by Nepal Electricity Authority (NEA), the project will modernize energy infrastructure and add solar photovoltaic (PV) generation capacity. Key initiatives include constructing 290 km of transmission lines across Dailekh–Jumla, New Butwal–Lamahi, Nijgadh–Ramauli, and Teenpiple–Okharpauwa, along with enhancing…
Author: PPD Team Date: 20/12/2024 Adani Energy Solutions Limited (AESL) incorporated Adani Energy Solutions Step-Ten Limited (AESSTL) on December 18, 2024. The special purpose vehicle (SPV) will focus on the transmission, distribution, and supply of power, along with other infrastructure services.
Author: PPD Team Date: 26/12/2024 Oil India Limited (OIL) has announced the establishment of a wholly-owned subsidiary, OIL Green Energy, to manage its green and alternative energy ventures. The company plans to invest Rs 250 billion by 2040 to diversify into renewable energy and decarbonisation technologies. The subsidiary will oversee initiatives in biofuels, green hydrogen, renewable energy, carbon capture utilization and storage (CCUS), methanol, and geothermal energy. OIL aims for non-fossil fuel energy to constitute…
Author: PPD Team Date: 13/02/2025 Megha Engineering and Infrastructure Limited (MEIL) is set to invest Rs 103 billion in developing a pumped storage project (PSP) at Kommuru in Annamayya district, Andhra Pradesh. The project has received approval from the State Investment Promotion Board (SIPB), chaired by Chief Minister Chandrababu Naidu. This project is among 15 PSPs approved by SIPB and aims to enhance the region’s energy infrastructure. Along with generating clean electricity, the initiative is…
Author: PPD Team Date: 28/10/2024 REC Limited has reported strong financial results for Q2 FY25, with a 17% rise in revenue from operations, reaching Rs 135.71 billion, compared to Rs 115.90 billion in the same quarter last year. Total income increased by 18% to Rs 266.33 billion, while net interest income saw a notable 25% jump, reaching Rs 97.23 billion. Net profit rose by 11% to Rs 74.88 billion from Rs 67.34 billion in Q2…
Author: PPD Team Date: 12/11/2024 Sunkind has announced securing a 570 MW solar energy project from Maharashtra State Power Generation Company Limited (Mahagenco) under the Mukhyamantri Saur Krushi Vahini Yojana (MSKVY 2.0 scheme). The project includes a 569 MW EPC component and a 10.4 MWp ground-mounted solar PV agriculture feeder system at Satmane in Nashik, aimed at enhancing agricultural power distribution in the region. Sunkind’s CEO Hanish Gupta noted that the project will improve agricultural…
Author: PPD Team Date: 13/11/2024 The Asian Development Bank (ADB) has approved a USD 311 million loan to upgrade electricity transmission and distribution infrastructure in Nepal under the South Asia Subregional Economic Cooperation Electricity T&D Strengthening Project. Implemented by Nepal Electricity Authority (NEA), the project will modernize energy infrastructure and add solar photovoltaic (PV) generation capacity. Key initiatives include constructing 290 km of transmission lines across Dailekh–Jumla, New Butwal–Lamahi, Nijgadh–Ramauli, and Teenpiple–Okharpauwa, along with enhancing…
Author: PPD Team Date: 20/12/2024 Adani Energy Solutions Limited (AESL) incorporated Adani Energy Solutions Step-Ten Limited (AESSTL) on December 18, 2024. The special purpose vehicle (SPV) will focus on the transmission, distribution, and supply of power, along with other infrastructure services.
Author: PPD Team Date: 26/12/2024 Oil India Limited (OIL) has announced the establishment of a wholly-owned subsidiary, OIL Green Energy, to manage its green and alternative energy ventures. The company plans to invest Rs 250 billion by 2040 to diversify into renewable energy and decarbonisation technologies. The subsidiary will oversee initiatives in biofuels, green hydrogen, renewable energy, carbon capture utilization and storage (CCUS), methanol, and geothermal energy. OIL aims for non-fossil fuel energy to constitute…
Author: PPD Team Date: 13/02/2025 Megha Engineering and Infrastructure Limited (MEIL) is set to invest Rs 103 billion in developing a pumped storage project (PSP) at Kommuru in Annamayya district, Andhra Pradesh. The project has received approval from the State Investment Promotion Board (SIPB), chaired by Chief Minister Chandrababu Naidu. This project is among 15 PSPs approved by SIPB and aims to enhance the region’s energy infrastructure. Along with generating clean electricity, the initiative is…
Author: PPD Team Date: 28/10/2024 REC Limited has reported strong financial results for Q2 FY25, with a 17% rise in revenue from operations, reaching Rs 135.71 billion, compared to Rs 115.90 billion in the same quarter last year. Total income increased by 18% to Rs 266.33 billion, while net interest income saw a notable 25% jump, reaching Rs 97.23 billion. Net profit rose by 11% to Rs 74.88 billion from Rs 67.34 billion in Q2…