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.
Godrej & Boyce secures orders worth over INR 1,000 crore in FY 2024
Godrej Electricals & Electronics secured orders worth over INR 1,000 crore in FY 2024 for its power infrastructure business. Majority of these orders pertained to renewable energy evacuation.
IndiGrid energizes greenfield transmission project
IndiGrid, a power sector infrastructure investment trust (InvIT), has operationalized its first greenfield project, Kallam Transmission Ltd (KTL), at Beed, Maharashtra.
Renewable energy developers applaud Supreme Court verdict on Great Indian Bustard protection
India’s apex court has relaxed restrictions on the construction of overhead transmission lines in the potential areas for renewable energy generation in Rajasthan and Gujarat. It has also constituted a new committee to identify measures and safeguards to be adopted in overhead transmission that can help conservation of Great Indian Bustard.
