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.
Nepal seeking consultants for power system expansion, including solar
Nepal is seeking consultants to expand its power system, which includes building more than 200 kilometers of new transmission lines, upgrading existing ones, and constructing solar and solar-wind hybrid energy systems for remote areas. The deadline for expressing interest is Feb. 27, 2024.
India needs INR 30 lakh crore investment during FY 2024-30 to meet its COP Climate Pledges: IREDA CMD
The investment is required in building capacities across solar, hydro, wind, and waste-to-energy sectors, green hydrogen (including electrolyzers), batteries, and transmission.
Siemens revenue up 22% in Q1 FY 2024
Siemens Ltd has reported strong double-digit profitable revenue growth across businesses for the first quarter of financial year 2024 ended Dec. 31, 2023.
Apraava wins a new transmission project in Madhya Pradesh
This is Apraava’s third transmission project win within the last 12 months. The project involves setting up 40 km of 765 kV double-circuit transmission lines and a 3,000 MVA substation.
