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Adani portfolio delivers a stellar performance; EBITDA grows 42% Y-o-Y to INR 23,532 crore in Q1 FY24
Adani Green reported EBITDA of INR 2,200 crore, a 67% rise Y-o-Y. This was on the back of an increase in operational capacity by 43% to 8,316 MW.
Distinguished Energy Industry Veteran, Anil Kumar Tyagi, Joins Gruner Renewable Energy’s Advisory Board
Established in February 2023, Gruner Renewable Energy has swiftly emerged as a premier provider of sustainable energy solutions, dedicated to reducing carbon footprints and realizing sustainability objectives. The company excels in the dynamic BioGas market, and is aiming to set up 100 biogas plants by the end of the financial year 2023-24.
IREDA signs MoU with government, revenue target for 2023-24 set at INR 4,350 crore
As per the MoU, the Government of India has set a Revenue from Operations target for IREDA, of INR 4,350 crores for the financial year 2023-24 and INR 5,220 crores for 2024-25.
Inox Green Energy arm receives LoA for Comprehensive O&M of 51MW WTG portfolio
Inox Green Energy Services Ltd (IGESL), India’s leading wind power operations and maintenance (“O&M”) service provider, announced today that its subsidiary I-Fox Windtechnik India has won an order from NLC India Ltd for the O&M of 51MW WTGs located in the state of Tamil Nadu.
Gogoro and Swiggy announce EV partnership in India
Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery-swapping ecosystems that enable sustainable mobility solutions for cities, today announced a vehicle partnership with Swiggy, India’s leading on-demand convenience delivery platform.
U-Solar takes steps to aid Net Zero and RE100 targets with strategic collaborations to augment its offerings
U-Solar Clean Energy Solutions, complete solar power solution provider for industrial, commercial, institutional and residential clients, and Johnson Controls India, a global leader for smart, healthy and sustainable buildings, will be collaborating to provide clients with end-to-end services on demand side energy management and curtailment while aiding the net-zero or RE100 targets with supply side clean energy projects.
AmpIn Energy signs a PPA with JCAPCPL for 2.8 MWp solar project
AmpIn Energy Transition, a leading energy transition platform and India’s first truly balanced Renewable Energy IPP, has entered into a 25-year Power Purchase Agreement (PPA) with JCAPCPL (a JV between Tata Steel & Nippon Steel) to supply 2.8 MWp of solar energy for its plant in Jamshedpur.
NHPC records highest ever Quarter-I Standalone Profit after Tax
NHPC Limited, India’s premier hydropower company, has reported its highest ever Quarter-I Standalone Profit after Tax (PAT) of Rs. 1,053 Crore for the financial year 2023-24.
IREDA reports all-time high quarterly PAT of INR 295 crore; net NPAs down to 1.61%
Over the previous year, IREDA’s Loan Book has expanded from Rs. 32,679 crores as of 30th June, 2022, to Rs. 47,207 crores as of 30th June, 2023, showcasing a robust growth of 44%.
Saatvik Groups extends retail arms in eastern India by appointing Solartron as its Distributor for solar PV modules
The company seeks to develop its footprints in the eastern area in response to the expansion and demand for sustainable energy there.
