Author: PPD Team Date: November 26, 2024
Waaree Technologies Limited has received a purchase order from Waaree Renewable Technologies Limited for 530 solar kits, comprising batteries and solar-powered street lights.
The order is scheduled for delivery within eight weeks and has been conducted on an arm’s length basis.
Author: PPD Team Date: October 18, 2024 Havells India reported a revenue increase of 22.8% year-on-year in its cables business for Q2 FY25 (July to September). Revenue reached Rs 18.05 billion, up from Rs 14.70 billion in Q2 FY24. Anil Rai Gupta, Chairman & Managing Director of Havells India, highlighted the growth across categories, driven by improving consumer demand and the festive season. However, he noted that margins were impacted due to commodity price volatility….
Author: PPD Team Date: November 7, 2025 Orient Green Power Company Limited (OGPL) reported strong results for the half-year ended September 30, 2025. Revenue rose 20% year-on-year to Rs 21,839 lakh, while EBITDA grew 16% to Rs 17,023 lakh. Profit before tax increased 60% to Rs 10,971 lakh, and consolidated PAT stood at Rs 10,956 lakh, up 38% from last year. Ravindra Energy Limited reported total revenue from operations of Rs 143.55 crore and a…
Author: PPD Team Date: August 5, 2025 The Supreme Court has held that electricity regulators cannot directly investigate power distribution franchisees under Section 128 of the Electricity Act, 2003. It clarified that such franchisees fall outside the direct jurisdiction of regulatory commissions and can only be overseen through the licensed distribution companies that appoint them. A bench comprising Justices J B Pardiwala and R Mahadevan allowed an appeal filed by Torrent Power Limited. The company…
Author: PPD Team Date: February 6, 2025 US-based energy company Westinghouse has proposed installing small modular reactors (SMRs) at four decommissioned nuclear sites in Italy, with construction expected to begin by 2030, according to Reuters. The four sites—Caorso, Trino, Latina, and Garigliano—would be repurposed for the deployment of SMRs, in alignment with Italy’s strategic energy shift under Prime Minister Giorgia Meloni’s government, which is considering reviving the nuclear sector. Despite previous referendums in 1987 and…
Author: PPD Team Date: August 20, 2025 Clean Max Enviro Energy Solutions has submitted a Draft Red Herring Prospectus to the Securities and Exchange Board of India for a proposed Initial Public Offering worth Rs 5,200 crore. The issue will include a fresh share sale of up to Rs 1,500 crore and an offer-for-sale of up to Rs 3,700 crore by existing shareholders. The offer has a face value of Rs 1 per equity share…
Author: PPD Team Date: February 5, 2025 The Committee of Directors (CoD) on investment of projects of Power Grid Corporation of India Limited (PGCIL) accorded investment approval for the Transmission System for Offshore Wind Zone Phase-1 (500 MW VGF off the coast of Gujarat for Subzone B3) and the Additional Transmission System proposed for redundant power supply area to Dholera area on February 3, 2025. The estimated costs of the projects are Rs 3.19 billion…