Uma Gupta
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.
Another bidding extension for 300 MW solar EPC in Andhra Pradesh
EPC contractors now have until June 5 to bid for setting up 300 MW of solar capacity in the Ramagiri district.
India’s solar module exports hit $1.97 billion in fiscal 2023-24
India’s solar module exports hit $1,969.13 million in fiscal 2023-24. Out of this, shipments to USA totalled $1,939.92 million.
Reliance signs alkaline electrolyzer deal with Norway’s Nel
Through the agreement, Reliance gets access to Nel’s technology platform for manufacturing alkaline electrolyzers.
NTPC extends bidding for 630 MW of solar
NTPC Renewable Energy Ltd has invited bids to set up 630 MW of grid-connected solar PV projects on a turnkey basis in Madhya Pradesh. Bidding closes on June 18.
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.
India expected to install 21.2 GW of solar in FY 2025
JMK Research projects 21.2 GW of new solar capacity addition in FY 2025. This will comprise 16.5 GW of utility-scale, 4 GW rooftop, and 700 MW off-grid installations.
Emmvee secures 600 MWp solar module supply contract with Hero Future Energies
Emmvee Photovoltaic Power has signed an agreement with Hero Future Energies (HFE) to supply up to 600 MWp of high-efficiency solar modules for HFE’s PV projects across India.
Solex Energy buys 800 MW module production line from Wuxi, GMEE Solar
Solex Energy Ltd is expanding its solar module capacity to 1.5 GW by September this year with the addition of an 800 MW line. The new line will comprise new-generation stringers from Wuxi and automation from GMEE Solar.
