Alpex Solar net profit grows 680% YoY
Alpex Solar, which was listed on NSE Emerge in February, has reported operational revenues of INR 404.43 crore and net profit of INR 29.05 crore for FY 2024.
Swelect Energy Systems consolidated net profit 881% up YoY in FY 2024
Swelect Energy Systems Ltd (formerly known as Numeric Power Systems) has posted a consolidated total income of INR 279.33 crore and a net profit of INR 63 crore for the year ended March 31, 2024.
Indian Army receives hydrogen bus
The Indian Army has received a hydrogen fuel cell bus under its collaboration with Indian Oil Corp. Ltd (IOCL) for demonstration trials of this technology. The bus promises a mileage of 250-300 km on a full 30 kg onboard tank of hydrogen fuel.
Another bidding extension for 300 MW solar EPC in Andhra Pradesh
EPC contractors now have until June 5 to bid for setting up 300 MW of solar capacity in the Ramagiri district.
India’s solar module exports hit $1.97 billion in fiscal 2023-24
India’s solar module exports hit $1,969.13 million in fiscal 2023-24. Out of this, shipments to USA totalled $1,939.92 million.
Reliance signs alkaline electrolyzer deal with Norway’s Nel
Through the agreement, Reliance gets access to Nel’s technology platform for manufacturing alkaline electrolyzers.
NTPC extends bidding for 630 MW of solar
NTPC Renewable Energy Ltd has invited bids to set up 630 MW of grid-connected solar PV projects on a turnkey basis in Madhya Pradesh. Bidding closes on June 18.
IndiGrid Q4 FY 2024 revenue grows 31% year-on-year
IndiGrid’s consolidated revenue for the quarter ended March 31, 2024 was up 31% to INR 7,856 million.
India braces for scorching summer: Record power demand puts coal in spotlight
With temperatures expected to soar beyond 40 degrees Celsius, the spotlight turns to India’s coal-fired power stations, which comprise a hefty 218 GW of the total energy capacity.
India expected to install 21.2 GW of solar in FY 2025
JMK Research projects 21.2 GW of new solar capacity addition in FY 2025. This will comprise 16.5 GW of utility-scale, 4 GW rooftop, and 700 MW off-grid installations.
