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HomeNewsPrivate Sector

Private Sector

Private Sector

Tata Power-DDL signs MoU with TERI to create a sustainable and low-carbon future

November 17, 2022

Tata Power Delhi Distribution Limited (Tata Power-DDL) has signed a memorandum of understanding (MoU) with The Energy and Resource Institute (TERI) to promote Urja Arpan initiative. The collaboration promotes the core strengths of both entities […]

Private Sector

GE Power records a loss of Rs 1,125.7 million in the quarter ended September 2022

November 15, 2022

GE Power India Limited has recorded a net loss of Rs 1,125.7 million for the quarter ended September 2022, as compared to the net profit of Rs 393.3 million recorded in the same quarter of […]

Private Sector

Sunsource Energy to double its solar energy target to 1 GW by 2027

November 15, 2022

SunSource Energy, the Indian subsidiary of SHV Energy, has announced that it will double its solar energy deployment target from 550 MW to 1 GW by 2027. The increased solar energy capacity will support a […]

Private Sector

Adani Power records a profit of Rs 6.96 billion in the quarter ended September 2022

November 15, 2022

Adani Power Limited has recorded a net profit of Rs 6.96 billion for the quarter ended September 2022, as compared to the net loss of Rs 2.31 billion recorded in the same quarter of previous […]

Private Sector

Serentica partners with Greenko for 1,500 MWhr renewable energy storage capacity

November 15, 2022

Serentica Renewables has entered into an agreement with Greenko Group to source 1,500 MWhr energy storage capacity through Greenko’s pumped storage projects located in India. As part of this partnership, Serentica will leverage Greenko’s energy […]

Private Sector

Sembcorp to acquire 100 per cent stake in GIP-backed Vector Green for Rs 27.80 billion

November 15, 2022

Sembcorp Industries’ wholly-owned subsidiary, Sembcorp Green Infra Limited, has signed an agreement with India Infrastructure Fund II, a fund managed by Global Infrastructure Partners India Private Limited to acquire 100 per cent interest in Vector […]

Private Sector

Torrent Power records a profit of Rs 4.84 billion in the quarter ended September 2022

November 11, 2022

Torrent Power Limited has recorded a net profit of Rs 4.84 billion for the quarter ended September 2022, an increase of 31.2 per cent over the net profit of Rs 3.69 billion recorded in the […]

Private Sector

Reliance Power records a loss of Rs 3.40 billion in the quarter ended September 2022

November 11, 2022

Reliance Power Limited has recorded a net loss of Rs 3.40 billion for the quarter ended September 2022, as compared to the net loss of Rs 1.33 billion recorded in the same quarter of previous […]

Private Sector

Kalpataru Power Transmission records a profit of Rs 980 million in the quarter ended September 2022

November 11, 2022

Kalpataru Power Transmission Limited has recorded a net profit of Rs 980 million for the quarter ended September 2022, an increase of 18.07 per cent over the net profit of Rs 830 million recorded in […]

Private Sector

IndiGrid records a profit of Rs 1.26 billion in the quarter ended September 2022

November 11, 2022

India Grid Trust (IndiGrid) has recorded a net profit of Rs 1.26 billion for the quarter ended September 2022, an increase of 85.3 per cent over the net profit of Rs 0.68 billion recorded in […]

Private Sector

Adani Green Energy records a profit of Rs 1.49 billion in the quarter ended September 2022

November 11, 2022

Adani Green Energy Limited has recorded a net profit of Rs 1.49 billion for the quarter ended September 2022, an increase of 49 per cent over the net profit of Rs 1 billion recorded in […]

Private Sector

Waaree Renewable Technologies records a profit of Rs 81.59 million in the quarter ended September 2022

November 11, 2022

Waaree Renewable Technologies Limited has recorded a net profit of Rs 81.59 million for the quarter ended September 2022, an increase of 89.79 per cent over the net profit of Rs 42.99 million recorded in […]

Private Sector

Suzlon Energy records a profit of Rs 564.7 million in the quarter ended September 2022

November 11, 2022

Suzlon Energy Limited has recorded a net profit of Rs 564.7 million for the quarter ended September 2022, as compared to the net loss of Rs 124 million recorded in the same quarter of previous […]

Private Sector

Tata Power Renewable Energy receives LoA to set up 150 MW solar project in Maharashtra

November 11, 2022

Tata Power Renewable Energy Limited (TPREL) has received the letter of award (LoA) from the Maharashtra State Electricity Distribution Company Limited (MSEDCL) to set up 150MW solar project in Solapur, Maharashtra. The LoA was won […]

Private Sector

KKR to invest $400 million in decarbonisation platform Serentica Renewables

November 9, 2022

KKR has signed definitive agreements to invest $400 million in Serentica Renewables, a decarbonisation platform that seeks to enable the energy transition by providing complex clean energy solutions for energy-intensive and hard-to-abate industries. Serentica looks […]

Private Sector

Bank of America extends green project financing to ReNew Power

November 9, 2022

Bank of America has extended approximately Rs 8 billion to ReNew Power, in the first local project financing deal by the lender in the renewable energy sector. The five-year rupee-denominated green loan facility will help […]

Private Sector

KEC International records a profit of Rs 552.4 million in the quarter ended September 2022

November 9, 2022

KEC International Limited has recorded a net profit of Rs 552.4 million for the quarter ended September 2022, a decrease of 31.2 per cent over the net profit of Rs 802.9 million recorded in the […]

Private Sector

Servotech Power Systems bags order from BPCL for EV charges

November 8, 2022

Servotech Power Systems Limited has been awarded a major project by Bharat Petroleum Corporation Limited (BPCL) to supply and install 800 units of direct current (DC) fast electric vehicle (EV) chargers at different locations across […]

Private Sector

Hitachi Energy records a profit of Rs 371.7 million in the quarter ended September 2022

November 8, 2022

Hitachi Energy India Limited has recorded a net profit of Rs 371.7 million for the quarter ended September 2022, an increase of 8.3 per cent over the net profit of Rs 343.2 million recorded in […]

Private Sector

Kalpataru Power Transmission bags orders worth Rs 12.90 billion

November 6, 2022

Kalpataru Power Transmission Limited (KPTL) and its international subsidiaries have secured new orders/notification of awards of Rs 12.90 billion. The company has secured orders in overseas market in the transmission and distribution (T&D) business; and […]

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