Author: PPD Team Date: January 20, 2025
Waaree Renewables Technologies Limited reported a net profit of Rs 0.53 billion for the quarter ending December 2024, a 17.18% decrease compared to Rs 0.64 billion in the same quarter last year.
The company’s total income rose by 11.66% to Rs 3.64 billion during the quarter, up from Rs 3.25 billion in the corresponding period of 2023.
Author: PPD Team Date: January 17, 2025 China is significantly increasing its grid investment to ensure efficient delivery of renewable energy to homes and businesses. According to the National Energy Administration, power transmission spending rose 19% to 529 billion yuan ($72 billion) in the first 11 months of 2023, marking a shift towards grid infrastructure, as reported by Bloomberg. Investment in new power capacity was larger at 866.5 billion yuan, showing a 12% increase. This…
Author: PPD Team Date: March 24, 2025 Bharat Coking Coal Limited (BCCL), a subsidiary of Coal India Limited (CIL), has leased out the Dugda Coal Washery in Bokaro, Jharkhand, marking India’s first coal washery monetisation. With a capacity of 2 million tonnes per annum, the move allows a private company to operate and manage the facility while the government earns revenue from the lease. The initiative, undertaken under the guidance of the Ministry of Coal,…
Author: PPD Team Date: January 21, 2025 Power Grid Corporation of India Limited (PGCIL) has completed the acquisition of 7,730,225 equity shares of IL&FS Energy Development Company Limited (IEDCL) in Cross Border Power Transmission Company Limited (CPTCL). This follows an arrangement where IEDCL, a shareholder in CPTCL, divested its entire equity stake as part of the resolution framework approved by the National Company Law Tribunal. CPTCL is a joint venture focused on implementing the Indian…
Author: PPD Team Date: March 24, 2026 Power Grid Corporation of India (PGCIL) has increased its capital expenditure (capex) guidance for FY26 to Rs 35,000 crore and has already surpassed the target, reporting actual capex of Rs 35,540 crore as of March 22, 2026, or about 102% of the revised estimate. The company had initially set a capex target of Rs 28,000 crore at the start of FY26. This was revised to Rs 32,000 crore…
Author: PPD Team Date: January 13, 2025 Solidus Techno Power Private Limited has signed an agreement with Jogindra Group to develop a 110 MWp captive solar power project in Punjab. The project will be set up across three locations in the state and will meet the renewable energy (RE) needs of Jogindra Group’s enterprises, including Jogindra Castings Private Limited, Vardhman Adarsh Ispat Private Limited, and Oasis Enterprises Private Limited.
Author: PPD Team Date: May 12, 2025 The Board of Directors of REC Power Development and Consultancy Limited (REC PDCL) has approved the formation of a joint venture company with Bharat Heavy Electricals Limited (BHEL) for renewable energy (RE) development in India. Both companies will hold equal stakes in the new joint venture. The announcement follows the Memorandum of Understanding (MoU) signed on March 15, 2024. The JV will develop renewable energy power projects and…