Plug Power addresses doubts, 2023 revenues surge 27%

Adani Energy Acquires Essar's Transmission Assets

Adani Energy has finalised the acquisition of Essar's Mahan and Sipat transmission assets for a sum of Rs 1900 crore. This significant move underscores Adani's strategic expansion within the energy sector and consolidates its position as a key player in India's power transmission domain.

The acquisition of Essar's transmission assets represents a strategic investment for Adani Energy, enabling the company to augment its infrastructure and bolster its transmission network. With the addition of these assets, Adani strengthens its operational footprint, enhancing its capacity to deliver r..

IEX Q4 Net Profit Grows 9.5%

The Indian Energy Exchange (IEX) has reported a significant uptick in its net profit for the fourth quarter, marking a notable growth of 9.5%. This financial performance underscores the resilience and strength of the company's business model in navigating through dynamic market conditions within the energy sector.

The impressive growth in net profit reflects IEX's robust operational performance and effective strategic initiatives aimed at enhancing efficiency and driving sustainable value creation. As a leading power trading platform in India, IEX plays a pivotal role in facilitating t..

Power Finance Corporation's Q4 Net Profit Rises 23% to Rs 75.56 Bn

Power Finance Corporation (PFC) has reported a substantial increase in its net profit for the fourth quarter, registering a 23% rise to Rs 75.56 billion. This impressive growth underscores the company's strong financial performance and strategic focus on the power sector.

The significant boost in net profit for Q4 can be attributed to PFC's robust operational efficiency, effective management practices, and a favourable business environment. The company's strategic initiatives aimed at optimising operations and enhancing revenue streams have played a crucial role in achieving this growth..