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Home2025January

Month: January 2025

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Private Sector

DCBL signs SSSHA to acquires 26 per cent stake in Solis Urja Energy

January 21, 2025

Dalmia Cement (Bharat) Limited (DCBL), a wholly-owned subsidiary of Dalmia Bharat Limited, has signed a share subscription and shareholders agreement (SSSHA) to acquire a 26 per cent equity stake in Solis Urja Energy Private Limited. […]

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Private Sector

Vikram Solar secures 1 GW solar PV module order

January 21, 2025

Vikram Solar has secured a 1,000 MW order to supply solar photovoltaic (PV) modules for renewable energy projects in Karnataka, Gujarat, and Rajasthan. The modules will be deployed under JSW Neo Energy Limited’s renewable energy […]

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International News

Masdar inks agreements to develop 1 GW renewable energy projects in Philippines

January 21, 2025

Masdar has inked an implementation agreement and a memorandum of understanding with the Philippines government to develop 1 GW of clean energy projects to strengthen its growing portfolio in Southeast Asia. These agreements have been […]

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Company Release

ABB celebrates 75 years of engineering excellence in India

January 20, 2025

ABB India marked 75 years of operations, a journey underscored by technological innovation, sustainable solutions, and significant contributions to India’s industrial and social development. Since its inception in 1949, two years after Indian independence, ABB […]

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Company Release

ERDA secures approval as third-party laboratory by KAHRAMAA

January 20, 2025

The Electrical Research and Development Association (ERDA) has received approval from KAHRAMAA (Qatar General Electricity and Water Corporation) as a third-party laboratory, enabling ERDA to provide accepted test reports for KAHRAMAA’s distribution network (up to […]

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Central Sector

PFC signs JPY120 billion loan agreement with JBIC

January 20, 2025

Power Finance Corporation Limited (PFC), has signed a loan agreement worth JPY120 billion with Japan Bank for International Cooperation (JBIC). JBIC will contribute JPY 72 billion, while the remaining amount will be funded by commercial […]

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Central Sector

IREDA, SJVN, GMR, and NEA sign agreement to develop 900 MW upper Karnali hydropower project 

January 20, 2025

Indian Renewable Energy Development Agency Limited (IREDA) has signed a joint venture agreement with SJVN Limited, GMR Energy Limited, and Nepal Electricity Authority (NEA) to develop the 900 MW Upper Karnali Hydropower Project in Nepal. […]

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Central Sector

Powergrid acquires Gadag II and Koppal II Transmission Limited from PFCCL

January 20, 2025

Power Grid Corporation of India Limited (Powergrid) has acquired Gadag II transmission and Koppal II transmission, a special purpose vehicle, to implement the “system strengthening at Koppal-II and Gadag-II for integration of renewable energy generation […]

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Central Sector

PFCCL transfers subsidiary to GR Infraprojects

January 20, 2025

PFC Consulting Limited (PFCCL), a wholly owned subsidiary of Power Finance Corporation Limited, has completed the transfer of its wholly owned subsidiaries as part of its transmission asset monetisation initiative. The subsidiaries, Bijapur REZ Transmission […]

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Central Sector

IREDA reports net profit of Rs 4.25 billion for the quarter ended December 2024

January 20, 2025

Indian Renewable Energy Development Agency Limited (IREDA) has recorded a net profit of Rs 4.25 billion for the quarter ended December 2024, marking a 26.48 per cent increase compared to Rs 3.36 billion reported in […]

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Private Sector

AZAD Engineering signs supply agreement with GE Vernova International for $112 Million*

January 20, 2025

AZAD Engineering Limited has entered into a long-term supply agreement with GE Vernova International LLC, USA, for the supply of advanced, highly engineered rotating and stationary airfoils for gas turbine engines. The agreement, valued at […]

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Private Sector

Torrent Power to invest Rs 180 billion in Madhya Pradesh

January 20, 2025

Reportedly, Torrent Power Limited is set to establish a thermal power plant in Madhya Pradesh with an investment of Rs 180 billion. The state offers well-developed infrastructure, including reliable electricity, water availability, and transportation facilities, […]

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Private Sector

SWERL reports net profit of Rs 0.17 billion in the third quarter of 2024-25

January 20, 2025

Sterling and Wilson Renewable Energy Limited (SWERL) has recorded a net profit of Rs 0.17 billion for the quarter ended December 2024, compared to a net loss of Rs 0.62 billion in the same quarter […]

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Private Sector

Waaree Renewables Technologies reports net profit of Rs 0.53 billion in the third quarter of 2024-25

January 20, 2025

Waaree Renewables Technologies Limited has recorded a net profit of Rs 0.53 billion for the quarter ended December 2024, a decline of 17.18 per cent compared to Rs 0.64 billion in the same quarter of […]

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International News

Vietnam’s Huong Linh 4 Wind Power plant achieves grid connection

January 20, 2025

The Huong Linh 4 Wind Power Plant in Vietnam, constructed by POWERCHINA, has successfully achieved a full-capacity grid connection. Located in Huong Linh Commune, Quang Tri Province, the plant has a total installed capacity of […]

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Private Sector

JSW Energy begins operations of Utkal thermal power plant

January 17, 2025

JSW Energy Limited, a wholly owned subsidiary of JSW Energy Limited, has successfully started operations of Unit-2 (350 MW) of the Utkal thermal power plant in Odisha. Within two years of the acquisition, JSW Energy […]

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Private Sector

KPI Green subsidiary secures 62.20 MW solar power projects under the CPP business segment

January 17, 2025

Sun Drops Energia Private Limited, a wholly owned subsidiary of KPI Green Energy Limited, has secured new orders to develop solar power projects with a total capacity of 62.20 MW under the captive power producer […]

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Private Sector

Refex Green Mobility to acquire 2,997 e4Ws from Gensol Engineering

January 17, 2025

Refex Green Mobility Limited  has announced the acquisition of 2,997 electric four-wheelers (e4Ws) from Gensol Engineering Limited for Rs 3.15 billion. The acquisition includes the transfer of Gensol’s existing loan facility. The e4Ws will be […]

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Private Sector

Hartek Group secures 8 MW rooftop solar EPC contract from Kandhari Beverages

January 17, 2025

Hartek Group’s commercial and industrial (C&I) rooftop solar business unit has secured an 8 MW solar engineering, procurement and construction (EPC) contract from Kandhari Beverages Private Limited. This project will become the largest rooftop solar […]

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State Sector

TREDA to install 10,895 solar powered pumps for rural irrigation

January 17, 2025

Reportedly, the Tripura Renewable Energy Development Agency (TREDA) is set to install over 10,000 solar-powered pumps in rural areas to ensure reliable irrigation for farmers under the PM KUSUM scheme. So far, TREDA has installed […]

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