Uma Gupta
NTPC profit surges 9.39% YoY in first quarter
The state-owned power generator reported a net profit (profit after tax) of INR 4,066 crore ($494.34 million) in the April-May-June period of FY 2023-24.
Rays Power signs 283 MWp solar EPC contract with Serentica Renewables
Rays Power Infra has secured the engineering, procurement, and construction contract for a 283 MW DC solar PV project in Karnataka.
Adani New Industries raises $394 million from Barclays, Deutsche Bank
Adani New Industries Ltd has raised a trade finance facility of $394 million from Barclays and Deutsche Bank, securing the working capital requirements of its integrated solar module fab.
Servotech launches new unit for key EV charger components and lithium batteries
Servotech Power Systems has launched Techbec Green Energy to produce EV charger components and lithium-ion batteries. The new unit will have a 40,000 sq.ft. manufacturing facility in Haryana.
India’s installed solar power capacity surpasses 70 GW
The nation installed a cumulative solar power capacity of 70.10 GW as of June 30, 2023. Rajasthan, Gujarat, and Karnataka together account for more than 50% of the overall PV installations.
JSW Steel to use green hydrogen for steelmaking at Vijayanagar plant
JSW Energy will set up a 3,800 tonnes per annum (tpa) green hydrogen plant for supply to JSW Steel. Green hydrogen production at the plant will be powered by 25 MW of renewable energy.
PM KUSUM scheme hits 2.45 lakh solar pumps milestone
As on June 30, 2023, around 2.45 lakh agriculture pumps have been installed or solarized under PM KUSUM (Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan) Scheme.
GreenH building 1 GW electrolyzer fab in India
The company’s manufacturing plant in Haryana will produce proton exchange membrane (PEM) electrolyzers based on the technology from its Spanish parent firm H2B2 Electrolysis. The plant will start production by October.
Mobec launches portable EV charging network
The Noida-based startup has rolled out the franchise network to provide mobile EV charging as a service. It targets 100 franchise partners by the end of 2023.
ReNew, Gentari collaborate for 5 GW renewables capacity in India
ReNew and Gentari will form a 50:50 joint venture to develop renewable assets including solar, wind, and energy storage.
