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.
The Green Energy Corridor (GEC) Phase I is close to completion in four states, with 20 GW of the planned 24 GW renewable energy capacity already commissioned. The remaining 4 GW is expected to be completed soon. GEC Phase I was launched to improve grid infrastructure for integrating large-scale renewable energy. It spans eight states:…
Waaree Energies Limited has made sweeping changes to its senior management, replacing both its Chief Executive Officer and Chief Financial Officer on the same day while also bringing in two new senior appointments. CEO transition Amit Ashok Paithankar stepped down as Whole-Time Director and CEO on March 20, 2026, ahead of the May 15 date…
Waaree Energies Limited has received a Letter of Award to supply 180 MW of solar modules, rated at 585/590 Wp, for a renewable energy project in India. The modules will be supplied to a well-established domestic customer, with delivery scheduled for the financial year 2025-26. Additionally, Waaree Energies has secured an order to supply 150…
Uttar Pradesh Electricity Regulatory Commission (UPERC) has admitted a petition filed by Fourth Partner Energy Private Limited and two affiliated companies seeking regulatory clarifications on the installation of Battery Energy Storage Systems (BESS) behind the meter at already commissioned renewable energy generating stations (REGS). The petition, heard on May 14, 2026, highlights regulatory gaps related…
Jacobs has joined hands with Terra Solar Philippines Incorporation for a $3.3 billion energy project aimed at meeting 12% of the Philippines’ energy demand. The initiative features a 3.5 GW solar plant and 4.5 GW battery storage system spread across 3,000 hectares. It will utilize advanced digital tools and drones for monitoring and logistics. The…
Coal India Limited (CIL) has begun 2026 with key policy, operational, and capital market developments, allowing direct foreign participation in coal sales, releasing provisional production and offtake data, and advancing the public offering process of Bharat Coking Coal Limited (BCCL). Coal India Limited (CIL) has approved direct participation of foreign coal buyers from Bangladesh, Bhutan,…