KPIL wins new projects worth INR 2,333 crore
Kalpataru Projects International Ltd (KPIL) has secured orders in the transmission & distribution (T&D) business in India and overseas markets, in addition to EPC order for an industrial plant in the metal industry and residential building order in India.
Grid upgrades needed to support Asia Pacific’s renewable energy expansion
A regional grid would allow the region to share excess renewable energy and facilitate the importing of renewable energy to meet domestic decarbonization goals in economies with limited renewable resources.
India needs $385 billion investment to meet its renewable energy target: Moody’s
India needs $190 billion to $215 billion for renewables capacity addition and another $150 billion to $170 billion for transmission and distribution in order to meet its RE target of 500 GW by 2030.
IndiGrid Q4 FY 2024 revenue grows 31% year-on-year
IndiGrid’s consolidated revenue for the quarter ended March 31, 2024 was up 31% to INR 7,856 million.
Hitachi Energy India Q4 profit up 124% YoY
Hitachi Energy India recorded a revenue of INR 1,699.2 crore and profit after tax (net profit) of INR 113.7 crore for the quarter ended March 31, 2024
IEX reports 26.4% rise in renewable energy certificate trading
The Indian Energy Exchange (IEX) traded 75.39 lac renewable energy certificates (RECs) in FY 2024, equivalent to 7.54 billion units, registering a 26.4% increase year-on-year.
Adani Energy Solutions completes acquisition of Essar’s operational Mahan-Sipat transmission assets
Adani Energy Solutions Ltd (AESL) has acquired Essar’s operational Mahan-Sipat transmission assets for an enterprise value of INR 1,900 crore. This acquisition will add 673 ckt km, 400 kV inter-state transmission line, taking AESL’s cumulative network to more than 21,000 ckt km.
Siemens to demerge energy business into separate listed entity
Siemens Energy India will provide solutions across the entire energy value chain – from power and heat generation, transmission to storage.
Tata Power reports record profit of INR 4,280 crore for FY 2024
Tata Power has recorded INR 61,542 crore of revenue and INR 4,280 crore net profit for the fiscal year ended March 31, 2024.
GE Vernova to build state transmission asset management center in Odisha
The transmission asset management center will help Odisha’s state-owned power transmission company, Odisha Power Transmission Corp. Ltd, to operate the state grid more efficiently, reliably, and resiliently through real-time grid monitoring and control.
