Avaada Energy secures $38 million for captive solar project in Karnataka
Avaada Energy has secured financing for its solar PV power project being developed under a long-term captive power purchase agreement with Karnataka Cooperative Milk Producers’ Federation Ltd.
Jakson Green secures INR 600 million to advance renewable energy projects
Jakson Green has secured a sustainable trade facility of INR 600 million ($7.2 million) from HSBC India. This funding will support the company’s working capital requirements for its renewable energy business, both in India and internationally.
The role of renewable energy in achieving India’s net zero goals
The road to net-zero emissions in India doesn’t require herculean efforts. We can get there by wholeheartedly adopting renewables, investing in innovation and technology, and promoting public-private partnerships to build a better, cleaner, and more sustainable India for generations to come.
Havells India to ramp up solar power capacity to 16 MW
Havells India will expand the solar power generation capacity for self-consumption to 16 MW by installing a 4.6 MW solar power plant at its Alwar facility this fiscal.
Gensol Engineering profit 129% up in FY 2024
Gensol Engineering recorded consolidated revenue of INR 996 crore and net profit of INR 53 crore for fiscal 2023-24.
Maxvolt secures $1.5 million for lithium battery plans
Maxvolt Energy Industries has raised $1.5 million from angel investors to accelerate its lithium battery research and development efforts, enhance the production capacity, and expand market reach.
Madhav Infra secures EPC contract for 15 MW floating solar in Chhattisgarh
Madhav Infra Projects has secured the order to set up a 15 MW floating solar PV project at Maroda Reservoir of NTPC-SAIL Power Co. Ltd (NSPCL) in Chhattisgarh.
Alpex Solar net profit grows 680% YoY
Alpex Solar, which was listed on NSE Emerge in February, has reported operational revenues of INR 404.43 crore and net profit of INR 29.05 crore for FY 2024.
Swelect Energy Systems consolidated net profit 881% up YoY in FY 2024
Swelect Energy Systems Ltd (formerly known as Numeric Power Systems) has posted a consolidated total income of INR 279.33 crore and a net profit of INR 63 crore for the year ended March 31, 2024.
Indian Army receives hydrogen bus
The Indian Army has received a hydrogen fuel cell bus under its collaboration with Indian Oil Corp. Ltd (IOCL) for demonstration trials of this technology. The bus promises a mileage of 250-300 km on a full 30 kg onboard tank of hydrogen fuel.
