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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%.
Hartek Group launches Think Power, Think Hartek Campaign
Hartek Group caters to a diverse array of clients, from providing a 400V LT panel to a building, to establishing a massive 400 KV Grid, and Transmission and Distribution (T&D) project for a large utility, to setting up a 400 MW solar plant for an IPP to setting up a 4 MW rooftop solar plant for an industry.
Suzlon secures order for their 3 MW series turbines from Juniper Green Energy Private Limited of 50.4 MW
Suzlon will install 16 wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower of their new product with a rated capacity of 3.15 MW each. The project is located at Dwarka district in Gujarat and is expected to be commissioned in 2025.
Log9 Materials announces ESOP buyback
Log9 Materials, the emerging pioneers in battery technology, has announced an Employee Stock Ownership Plan (ESOP) buyback worth Rs. 1.5 Crores for the year 2023.
Tata Power Delhi Distribution Ltd bags ‘Gold Winner Award’ at 5th ICC National Occupation Health and Safety Awards 2023
The award was presented to Tata Power-DDL by Occupational Health and Safety Expert Committee of Indian Chamber of Commerce during the 5th ICC National Occupation Health and Safety Awards 2023 ceremony held in Kolkata recently.
Schneider Electric Sustainability Impact Awards back for a second year, nominations now open
In addition to partners, Schneider is extending submissions to customers and suppliers for the second edition.
