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: July 18, 2025 A new report by the Save Ennore Creek Campaign, as reported by The New Indian Express, has found that Ennore’s thermal power plants either violated air pollution norms or failed to provide valid emissions data nearly 49% of the time during the winter season (November 2024 to January 2025). The findings raise serious concerns about enforcement by the Tamil Nadu Pollution Control Board (TNPCB). The report, titled Breathless…
Author: PPD Team Date: April 2, 2025 Prozeal Green Energy Limited has submitted its draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) worth Rs 7.00 billion. The offering consists of a fresh issue of Rs 3.50 billion and an offer for sale of Rs 3.50 billion by existing shareholders. Of the offer for sale, promoter selling shareholders will divest Rs 3.37 billion, while…
Author: PPD Team Date: August 12, 2025 Grid-India has released a draft procedure to govern scheduling, metering, accounting, deviation settlement, transmission charge waivers, and Renewable Energy Certificate mechanisms for Energy Storage Systems, including battery storage and pumped storage projects. The draft, dated August 6, 2025, seeks to create a standard operational framework for projects linked to the Interstate Transmission System. Under the proposal, Regional Load Despatch Centres will handle scheduling for charging and discharging. No…
Author: PPD Team Date: November 6, 2024 Westbridge Renewable Energy has completed the sale of its 75% stake in the Sunnynook solar and battery energy storage system (BESS) project to METLEN Energy & Metals. Located in Alberta’s Special Area No. 2, the 332 MWdc Sunnynook solar project includes a 200 MWh BESS and is approved by the Alberta Utilities Commission, currently progressing in the Alberta Electrical System Operator’s connection process. The C$41.4 million ($29.7 million)…
Author: PPD Team Date: August 14, 2025 The West Bengal cabinet has approved the construction of two 800 MW supercritical power units in Salboni, Jhargram. The projects are expected to draw investments exceeding Rs 10,000 crore and will operate under a public-private partnership model. State power minister Aroop Biswas noted that JSW Group is already setting up two 800 MW supercritical units at the same location. The Salboni site has a long history of proposed…
Author: PPD Team Date: March 7, 2025 Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) and Singareni Collieries Company Limited (SCCL) have signed a Memorandum of Understanding (MoU) to set up 1,500 MW of solar power projects and a 1,600 MW thermal power plant in Rajasthan. The deal marks a significant milestone, it is the first time in its 136-year history that SCCL, a state-owned enterprise from Telangana, has entered into a joint venture with the…