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Home2024August

Month: August 2024

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Private Sector

GE T&D India reports net profit of Rs 1,345.4 million in the first quarter of 2024-25

August 2, 2024

GE T&D India Limited has reported a net profit of Rs 1,345.4 million for the quarter ended June 2024, marking an increase of 376.4 per cent compared to the net profit of Rs 282.4 million […]

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Private Sector

Emcure Pharmaceuticals signs PPA with Sunsure Energy for 22.78 MWp solar power

August 2, 2024

Emcure Pharmaceuticals Limited together with its subsidiary Gennova Biopharmaceuticals Limited has announced the signing of a 22.78 MWp DC solar power purchase Agreement (PPA) with Sunsure Energy. Through this partnership, Emcure and Gennova will receive […]

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Reforms and Regulations

CERC notifies draft CERC (Connectivity and General Network Access to the inter-State Transmission System) (Third Amendment) Regulations, 2024

August 2, 2024

The Central Electricity Regulatory Commission (CERC) has notified draft CERC (Connectivity and General Network Access to the inter-State Transmission System) (Third Amendment) Regulations, 2024. As  per the notification, “Complex of ISTS substations” or “Cluster of […]

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International News

Saudi Electricity Company signs USD2 billion syndicated loan deal

August 1, 2024

The state-run Saudi Electricity Company (SEC) has signed a USD2 billion, five-year syndicated loan deal led by the Bank of China (BOC). The latter was the sole global coordinator and initial mandated lead arranger of […]

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Private Sector

Torrent Power reports net profit of Rs 9.96 billion in the first quarter of 2024-25

August 1, 2024

Torrent Power Limited has reported a net profit of Rs 9.96 billion for the quarter ended in June 2024, recording an increase of 87.22 per cent as compared to the net profit of Rs 5.32 […]

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Central Sector

Ministry of Heavy Industries extends duration of EMPS 2024 by two months

August 1, 2024

The Ministry of Heavy Industries has extended the Electric Mobility Promotion Scheme 2024 (EMPS 2024) until September 30, 2024 which was originally scheduled to run from April 1, 2024 to July 31, 2024. Additionally, the […]

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Private Sector

Adani Energy Solutions raises $1 billion in QIP

August 1, 2024

Adani Energy Solutions Limited has raised $1 billion through a qualified institutional placement (QIP) issue, which was oversubscribed three times, with demand reaching approximately Rs 260 billion. The QIP was closed at Rs 1,135 per […]

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Central Sector

RECPDCL transfers NERGS-I power transmission to Techno Electric

August 1, 2024

REC Power Development and Consultancy Limited (RECPDCL) has transferred the project-specific special purpose vehicle (SPV), NERGS-I Power Transmission Limited, to Techno Electric & Engineering Company Limited. The SPV will establish a 400 kV switching station […]

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