Author: PPD Team Date: November 13, 2024
Waaree Renewable Technologies Ltd (WRTL) has secured an order to establish a 41.6 MW solar project in Cuddalore, Tamil Nadu.
The project, valued at approximately Rs 1.47 billion, is scheduled for completion in the fiscal year 2025-26.
This initiative involves setting up an independent regional power production (IPP) unit.
Author: PPD Team Date: June 13, 2025 KP Green Engineering Limited has secured new orders worth Rs 972.7 million from multiple clients across five business segments. The company expects to complete all projects by March 31, 2026. The largest order, worth Rs 478.3 million, is for crash barriers used in railway track fencing and related works. Solar-related orders include Rs 375.6 million for fixed tilt and tracker-type solar module mounting structures and Rs 44.4 million…
Author: PPD Team Date: January 17, 2025 Japan Bank for International Cooperation (JBIC) has signed an agreement with Power Finance Corporation Limited (PFC) to finance renewable energy projects in India. Under the agreement, JBIC and PFC will establish a credit line of Rs 66.73 billion (120 billion JPY), with JBIC contributing Rs 40.04 billion (72 billion JPY). This initiative is part of JBIC’s GREEN (Global action for Reconciling Economic growth and Environmental preservation) operations. The…
Author: PPD Team Date: May 11, 2025 Apar Industries Limited has bagged two contracts worth Rs 1,329.17 million and Rs 1,155.96 million under the Eastern Region Expansion Scheme-43 (ERES-43). The awards were announced on May 2, 2025. The tenders were issued by Power Grid Corporation of India Limited (PGCIL) in October 2024. Apar will carry out reconductoring works and associated bay upgradations under two packages: OH01 and OH02. Package OH01 covers the reconductoring of the…
Author: PPD Team Date: January 6, 2025 Bharti Airtel has acquired a 26% stake in a special purpose vehicle of AMPIN Energy Transition to develop a 50 MW wind-solar hybrid power project in Barmer, Rajasthan. The Rs 378.9 million investment will enable Airtel to source green energy in a captive mode, utilizing interstate transmission networks for nationwide distribution. The project, under AMP Energy Green Three, is expected to start operations by Q2 of FY 2025–26,…
Author: PPD Team Date: January 14, 2025 Lupin Limited has acquired a 42.61% equity stake in Sunsure Solarpark Seventeen Private Limited. This follows the share subscription and shareholders agreement with Sunsure Solarpark and Sunsure Energy Private Limited, involving an equity investment of Rs 105.53 million, to be executed in two tranches.
Author: PPD Team Date: November 14, 2024 Coal India Limited (CIL) has reported a net profit of Rs 62.75 billion for the quarter ending September 2024, marking a 22.04% decrease from Rs 80.49 billion in the same quarter last year. The company’s total income for the quarter stood at Rs 321.78 billion, down approximately 7.43% from Rs 347.60 billion in the corresponding period of the previous year.