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NHPC to initiate Subansiri Lower project trial runs soon
SJVN's Q3 Profits Plummet
In the latest financial report, SJVN, the renowned hydropower company, experienced a significant setback as its net profit for the third quarter took a substantial plunge. The company, known for its contributions to the energy sector, reported a noticeable decline in earnings, raising concerns among investors and industry observers.
The quarter's financial performance, outlined in the official report, indicates challenges that SJVN is currently grappling with in the dynamic energy market. The notable drop in net profit raises questions about the factors contributing to this decline an..
SJVN Secures BOS Supply Contract for Gujarat Solar Projects
SJVN Limited, a leading hydropower company, has successfully secured a Balance of Systems (BOS) supply contract for solar projects in Gujarat. This strategic agreement underscores SJVN's commitment to expanding its presence in the renewable energy sector.
The BOS supply contract encompasses essential components such as inverters, transformers, and substations for solar projects, essential for ensuring efficient energy generation and distribution. The deal positions SJVN as a key player in the development and execution of solar projects, contributing to Gujarat's renewable energy ambit..
NHPC's net profit drops 7.5% to Rs 888.8 crore in Dec quarter
NHPC, the state-owned hydropower company, reported a nearly 7.5% drop in its consolidated net profit to Rs 888.76 crore in the December 2021 quarter, owing to lower revenues.
According to a Bombay Stock Exchange (BSE) filing, the company reported a consolidated net profit of Rs 961.64 crore in the previous fiscal quarter. Its total revenue in October-December 2021 was Rs 2,373.72 crore, down from Rs 2,610.69 crore the previous year. The company's board of directors declared an interim dividend of 13.10% Rs 1.31 per equity share on the face value of paid-up equity shar..
Orient Green Power to Raise Rs.2.5 Bn via Rights Issue for Expansion
Orient Green Power Company Limited has announced its intention to raise ?2.5 billion through a rights issue aimed at strengthening its financial capabilities and advancing its renewable energy projects. This strategic move underscores the company's commitment to expanding its footprint in the renewable energy sector amidst changing market conditions and increasing demand for sustainable energy solutions.
The rights issue will allow existing shareholders to purchase additional shares at a predetermined price, enabling Orient Green Power to secure vital capital for ongoing projects and f..
Vikram Solar Wins 397.7 MW Module Supply Contract for NTPC's Gujarat Solar Project
Vikram Solar has been awarded a significant contract to supply 397.7 megawatts (MW) of solar modules for an upcoming project by NTPC in Gujarat. This agreement underscores Vikram Solar's pivotal role in supporting India's renewable energy ambitions, particularly in expanding solar power generation capacity.
The project, spearheaded by NTPC, one of India's largest power generation companies, aims to enhance Gujarat's renewable energy infrastructure. It aligns with India's national goals of achieving substantial renewable energy penetration and reducing carbon emissions.
Vikram Sol..
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