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: December 3, 2024 The Central Electricity Authority (CEA) has advised the adoption of higher-capacity optical ground wire (OPGW) in upcoming power transmission projects to facilitate telecom service providers. The recommendation follows a collaboration between the Department of Telecommunications (DoT) and the Union Power Ministry. CEA has proposed the use of 48-fibre (48F) OPGW, replacing the current standard of 24-fibre (24F) OPGW, in all future power transmission schemes. This recommendation has been…
Author: PPD Team Date: November 25, 2024 In recent orders, the Central Electricity Regulatory Commission (CERC) has granted transmission licences to three projects:  Khavda Phase-IV Renewable Energy Project:CERC has granted a transmission license to POWERGRID Khavda IV-E2 Power Transmission Limited, a subsidiary of Power Grid Corporation of India Limited (PGCIL). The project, part of Gujarat’s Khavda Phase-IV (7 GW), will operate under the Build, Own, Operate, and Transfer (BOOT) method. It includes the augmentation of…
Author: PPD Team Date: February 13, 2025 Salzer Electronics Ltd, a new player in the smart meter manufacturing industry, has successfully delivered its first commercial order of 25,000 smart meters, valued at approximately Rs 50 million, during the third quarter (Q3: October to December) of FY25. The company is optimistic about receiving further orders from the same client. Rajesh Doraiswamy, Joint Managing Director of Salzer Electronics, expressed pride in the achievement, stating that the dispatch…
Author: PPD Team Date: November 21, 2024 The Ministry of New and Renewable Energy (MNRE) has issued specific guidelines for real estate developers and promoters to access Central Financial Assistance (CFA) under the PM Surya Ghar: Muft Bijli Yojana (PMSGY). The initiative aims to promote widespread adoption of rooftop solar installations in residential housing complexes. According to the new terms, developers must provide an undertaking that the rooftop solar assets supported under the PMSGY will…
Author: PPD Team Date: May 28, 2025 REC Power Distribution Company Limited (REC PDCL) has incorporated three special purpose vehicles (SPVs) for transmission projects in Karnataka. The SPVs were established on May 21, 2025, to facilitate project development under the tariff-based competitive bidding (TBCB) route. Hampapura Power Transmission Limited will implement the project for establishing a 400 kV substation at Hampapura, along with associated transmission lines in Mandya district. Sharavathi Power Transmission Limited has been…
Author: PPD Team Date: January 13, 2025 SJVN Limited plans to commission Unit-I of the Chausa Coal-Based Power Project, also called the Buxar Thermal Power Plant, by March 2025. The project, located in Chausa, Buxar district, Bihar, involves two units of 660 MW each and is being developed at an estimated cost of Rs 104.39 billion. Of this, 70% is being arranged through debt financing. Larsen & Toubro Limited (L&T) is serving as the engineering,…