Author: PPD Team Date: 13/11/2024
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: 12/11/2024 Adani Energy Solutions Limited (AESL) has acquired Progressive Grid Networks Limited (PGNL) in Kenya to explore power transmission opportunities across East Africa. PGNL’s initial share capital stands at KES 1 billion, divided into 100,000 ordinary shares valued at KES 1,000 each. Through this acquisition, AESL secures full ownership by acquiring 100 per cent of the shares through cash consideration.
Author: PPD Team Date: 29/10/2024 BASF and AM Green B.V. have signed a memorandum of understanding (MoU) to explore business opportunities for developing low-carbon chemicals produced exclusively with renewable energy. As part of the agreement, both companies plan to conduct feasibility studies in India, assessing potential technologies for low-carbon chemical production. The collaboration also includes a non-binding letter of intent (LoI) for BASF to offtake 100,000 tonnes annually of ammonia produced solely with renewable energy….
Author: PPD Team Date: 16/01/2025 Bank of Baroda (BoB) received Letters of Award (LoAs) from NLC India Limited to provide Rupee Term Loans (RTL) for two solar projects in Gujarat: 600 MW Khavda Solar PV Project – Phase XX (GUVNL) Loan amount: Rs 26.69 billion at an interest rate of 8.15% p.a. Project scope: Development of 600 MW grid-connected solar PV plants under GUVNL Phase XX on a build, own, and operate (BOO) basis at…
Author: PPD Team Date: 06/11/2024 Waaree Renewable Technologies Limited (WRTL), the solar EPC arm of Waaree Group, reported Q2 FY25 revenue of Rs 5,244.7 million, a 249.50% increase from Rs 1,500.6 million in Q2 FY24. Profit after tax (PAT) stood at Rs 535.2 million, while its unexecuted order book remains at 1.7 GWp with a 9-12 month timeline. For H1 FY25, revenue reached Rs 7,608.2 million, up 172.70% year-on-year, with an EBITDA of Rs 1,126.5…
Author: PPD Team Date: 22/01/2025 The Travancore Devaswom Board (TDB) plans to set up a solar energy plant with technical support from Cochin International Airport Limited (CIAL), recognized as the first fully solar-powered airport. CIAL is preparing the detailed project report and offering technical guidance for the initiative.
Author: PPD Team Date: 25/04/2025 Bharat Heavy Electricals Limited (BHEL) issued a tender on April 23, 2025, for engaging a project management consultancy (PMC) firm for five thermal power projects. Bids have been invited in two packages, with a submission deadline of May 5, 2025. Package I covers three sub-packages: Package A includes the 800 MW Deen Bandhu Chhotu Ram Power Expansion Project in Yamunanagar, Haryana. Developed by Haryana Power Generation Corporation Limited (HPGCL), the…
Author: PPD Team Date: 12/11/2024 Adani Energy Solutions Limited (AESL) has acquired Progressive Grid Networks Limited (PGNL) in Kenya to explore power transmission opportunities across East Africa. PGNL’s initial share capital stands at KES 1 billion, divided into 100,000 ordinary shares valued at KES 1,000 each. Through this acquisition, AESL secures full ownership by acquiring 100 per cent of the shares through cash consideration.
Author: PPD Team Date: 29/10/2024 BASF and AM Green B.V. have signed a memorandum of understanding (MoU) to explore business opportunities for developing low-carbon chemicals produced exclusively with renewable energy. As part of the agreement, both companies plan to conduct feasibility studies in India, assessing potential technologies for low-carbon chemical production. The collaboration also includes a non-binding letter of intent (LoI) for BASF to offtake 100,000 tonnes annually of ammonia produced solely with renewable energy….
Author: PPD Team Date: 16/01/2025 Bank of Baroda (BoB) received Letters of Award (LoAs) from NLC India Limited to provide Rupee Term Loans (RTL) for two solar projects in Gujarat: 600 MW Khavda Solar PV Project – Phase XX (GUVNL) Loan amount: Rs 26.69 billion at an interest rate of 8.15% p.a. Project scope: Development of 600 MW grid-connected solar PV plants under GUVNL Phase XX on a build, own, and operate (BOO) basis at…
Author: PPD Team Date: 06/11/2024 Waaree Renewable Technologies Limited (WRTL), the solar EPC arm of Waaree Group, reported Q2 FY25 revenue of Rs 5,244.7 million, a 249.50% increase from Rs 1,500.6 million in Q2 FY24. Profit after tax (PAT) stood at Rs 535.2 million, while its unexecuted order book remains at 1.7 GWp with a 9-12 month timeline. For H1 FY25, revenue reached Rs 7,608.2 million, up 172.70% year-on-year, with an EBITDA of Rs 1,126.5…
Author: PPD Team Date: 22/01/2025 The Travancore Devaswom Board (TDB) plans to set up a solar energy plant with technical support from Cochin International Airport Limited (CIAL), recognized as the first fully solar-powered airport. CIAL is preparing the detailed project report and offering technical guidance for the initiative.
Author: PPD Team Date: 25/04/2025 Bharat Heavy Electricals Limited (BHEL) issued a tender on April 23, 2025, for engaging a project management consultancy (PMC) firm for five thermal power projects. Bids have been invited in two packages, with a submission deadline of May 5, 2025. Package I covers three sub-packages: Package A includes the 800 MW Deen Bandhu Chhotu Ram Power Expansion Project in Yamunanagar, Haryana. Developed by Haryana Power Generation Corporation Limited (HPGCL), the…
Author: PPD Team Date: 12/11/2024 Adani Energy Solutions Limited (AESL) has acquired Progressive Grid Networks Limited (PGNL) in Kenya to explore power transmission opportunities across East Africa. PGNL’s initial share capital stands at KES 1 billion, divided into 100,000 ordinary shares valued at KES 1,000 each. Through this acquisition, AESL secures full ownership by acquiring 100 per cent of the shares through cash consideration.
Author: PPD Team Date: 29/10/2024 BASF and AM Green B.V. have signed a memorandum of understanding (MoU) to explore business opportunities for developing low-carbon chemicals produced exclusively with renewable energy. As part of the agreement, both companies plan to conduct feasibility studies in India, assessing potential technologies for low-carbon chemical production. The collaboration also includes a non-binding letter of intent (LoI) for BASF to offtake 100,000 tonnes annually of ammonia produced solely with renewable energy….