Sterlite Power secured new orders worth INR 2,000 crore in Q2 FY 2024
Sterlite Power recorded a significant INR 700 crore ($84 million) increase in order wins compared to Q1 FY 2024.
Adani Energy Solutions to build 7 GW renewable energy evacuation transmission network
Spanning over 300 km, the INR 3,000-crore transmission project will evacuate 7 GW of energy from Gujarat’s Khavda RE park into the national grid
Hartek secures 400 kV substation order for SPRNG Energy’s 300 MW solar plant
The substation will support a 300 MW solar power plant at Ramsan Village in the Indian state of Gujarat.
ADB to lend $200 million for climate-resilient power system in Uttarakhand
The project will modernise Dehradun city’s power network infrastructure by introducing an advanced and climate-resilient underground cable system comprising 537 km subterranean cables, 354 ring main units, and 99 compact substations.
Wires and cables in the solar industry
The solar industry growth has accelerated the demand for wires and cables in India. Since solar cables are key in transmitting power from the PV panels to the system, it is essential to invest in the best-suited type of solar cable that meets stability and safety norms.
ADB approves $250 million loan for India’s power sector reforms
The Asian Development Bank (ADB) has approved a $250 million policy-based loan to strengthen the market for power trade and related ancillary services in India, facilitating the integration of intermittent renewable energy. The loan will also enable measures to improve the financial performance, corporate governance, and service quality of electricity distribution companies (DISCOM) and create a conducive environment for private sector investment.
Sterlite Power wins 8 GW green energy transmission project in Rajasthan
Sterlite Power has secured a transmission project for the evacuation of power from Rajasthan Renewable Energy Zone Phase-IV.
Siemens profit 36% up YoY in July-Aug-Sept quarter
Siemens Ltd has announced a revenue of INR 5,297 crore and net profit (profit after tax) of INR 534 crore in the fourth quarter of financial year 2023 ended September 30, 2023.
KEC secures transmission line orders in Middle East, Europe
KEC International Ltd has secured orders for 220 and 400 kV overhead transmission lines in the Middle East, and 110 kV transmission lines in Europe.
Adani Energy Solutions earns outstanding ESG ratings for sustainable practices
Adani Energy Solutions Ltd (AESL) has earned an Environment, Social, and Governance (ESG) performance score of 86% from CSRHub, much above the global electrical and gas utilities industry average. Sustainalytics’ ESG risk rating of 31.5 outperforms the global electric utility industry average of 32.1.
