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KPMG in India and Colliers’ Report on ‘Sustainable real estate’ showcases how sustainable real estate practices are transforming the industry
Green buildings can lead to 35 per cent reduction in emissions and 20 per cent reduction in maintenance costs.
Tata Power Delhi Distribution, IIT Roorkee sign MoU to develop innovative solutions for a greener future
Tata Power Delhi Distribution Ltd, which supplies electricity to 7 million in North Delhi, the Indian Institute of Technology (IIT) Roorkee, have signed a Memorandum of Understanding (MoU) to research and develop pioneering solutions for optimal use of energy, leading to greener and sustainable future through its “Urja Arpan” initiative.
Govt organizes two-day national conference of power and new & renewable energy ministers of States & UTs to deliberate on challenges in power sector
The New & Renewable Energy Secretary asked the States to overcome challenges in PM KUSUM and Rooftop solar scheme for increasing adoption of solar energy. The Secretary urged all states to align their regulations with Green Open Access Rules, to promote conducive environment for renewable energy.
Hitachi Energy India Limited announces Q2FY24 results: Energy transition and climate action plans driving order growth
Orders up 52.3 percent QoQ, led by transmission and renewable segments
IEX power market update, October 2023
A total of 2.17 lac RECs (equivalent to 217 MU) were cleared in the trading sessions held on 11th October’23 and 5th October’23, at a clearing price of Rs. 380/REC and Rs. 420/REC respectively.
Renewable energy to drive cost competitiveness for industrial consumers
The Federation of Indian Chambers of Commerce and Industry (FICCI), jointly with Hero Futures Energies organized a Closed-Door Interaction on Renewable Energy Adoption by Industrial Consumers last week in Bengaluru. The key objective of the interaction was to showcase renewable energy solutions and technologies available for Indian industrial consumers, supporting their transition towards decarbonization and the net-zero journey.
“Faster energy transition will happen in the wake of global market uncertainty”: Hardeep Singh Puri, Minister of Petroleum and Natural Gas, Government of India
G20 Sherpa Amitabh Kant awarded ENTICE Innovators at The Energy Transition Dialogues for their low-cost and scalable clean energy solutions.
REC records its highest ever quarterly profit at INR 3,773 crore
Owing to the improving asset quality, increase in lending rates and effective management of Finance Cost, REC is able to record its highest ever quarterly profit of INR 3,773 crore. As a result, the annualised Earnings Per Share for the quarter ended 30th September 2023 accelerated to INR 51.14 per share as against INR 39.32 per share as at 30th September 2022.
Servotech Power Systems reports robust Q2 FY24 financial results
The company witnessed stellar revenue growth of 115.2% and stood at INR 8,659.09 lakhs in Q2 FY24, compared to INR 4,023.96 lakhs in Q2 FY23.
NTPC – H1 FY24 PAT up 13% (standalone) and 30% (consolidated)
On standalone basis, the Total Income of NTPC for H1 FY24 is INR 81,199 crore as against the corresponding previous period total income of INR 82,537 crore. Profit After Tax (PAT) for H1 FY24 is INR 7,951 crore as against INR 7,048 crore in H1 FY23, registering an increase of 13%.
