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IREDA Q2 Results: Net Profit Rises 54%, NPA Reduced to 1.65%
The company reported a 54% increase in profits, reaching a Profit After Tax (PAT) of INR 285 crores for the quarter. This has been driven by consistent growth in the Loan Book and a significant reduction in Net Non-Performing Assets (NPAs) from 2.72% to 1.65% year-on-year.
Green arm of Lignite Company NLC India Limited starts business activities
The subsidiary is expected to establish RE projects to the capacity of 6 GW by 2030. Projects to the tune of 2 GW is being developed at various parts of the country.
Apraava Energy receives SBTi validation for its greenhouse gas emission reduction targets
Becomes only the second Indian power business to receive SBTi validation. Will reduce its Scope 1 & 2 greenhouse gases (GHG) emissions intensity by 46.3% by 2027.
REC honored with the Prestigious Golden Peacock Award for Risk Management
REC Limited has been recognized for its exceptional performance in risk management with the esteemed Golden Peacock Award. The award was presented by the Institute of Directors (IOD).
Amara Raja Energy & Mobility wins the Golden Peacock Award for Sustainability
Honoured with the prestigious ‘Golden Peacock Award for Sustainability’ for 2023 in the automotive ancillary sector.
Servotech, IIT Roorkee collaborate to develop rectifier units of CCS2 chargers and onboard chargers for electric vehicles
The rectifier unit is an integral component of the CCS2 charger that is currently imported. This collaboration will boost domestic manufacturing capabilities and promote the growth of the domestic EV industry.
Ravicab Cables acquired the Indian arm of German MNC LEONI AG
Ravicab Cables acquired LEONI Cable Solutions India, an Indian subsidiary of German company LEONI AG, and rebranded as Elegar Kerpen. The move will expand its product range and market reach and achieve a three-fold sales growth by 2026-27.
TATA Trust and TNC come together to emphasise on sustainable solutions
Ten policy briefs launched based on a series of on-groundwork across environmental and developmental issues.
Japan’s WHILL Ventures into India with eBikeGo
Japan-headquartered, globally-renowned provider of personal mobility solutions WHILL has marked its entry into the Indian market, in collaboration with eBikeGo, India’s leading electric mobility startup.
ReleaseHimadri reports the highest ever sales volume and 246.2% increase in PAT to INR 100.84 crore
Himadri Speciality Chemical Limited, one of India’s leading speciality chemical companies manufacturing EV battery material and recycling, carbon black among other value-added products declaring its robust financial results for Q2FY24.
