ReNew Power to invest Rs.300 bn on scaling

IREDA establishes subsidiary within IFSC in GIFT City, Gujarat

IREDA, a state-owned entity, has established a subsidiary within the International Financial Services Centre (IFSC) situated in GIFT City, Gujarat. Officially named IREDA Global Green Energy Finance IFSC Limited, the subsidiary was incorporated on May 7, following the receipt of a no objection letter from the Reserve Bank of India (RBI) in February 2024, permitting the establishment of the finance company within IFSC GIFT City, as stated by IREDA.

"This subsidiary not only positions IREDA to extend its global reach but also acts as an offshore platform for securing competitive funding ..

Adani Green Energy surges in new project acquisitions

Adani Green Energy Ltd., a prominent player in the renewable energy sector, has witnessed a significant surge in new project acquisitions. This surge underscores the company's commitment to expanding its renewable energy portfolio and accelerating the transition to clean energy sources in India.

Adani Green Energy Ltd.'s recent acquisitions include a diverse range of renewable energy projects, including solar and wind power installations. These acquisitions are aligned with the company's strategic vision to become a leading player in the renewable energy market and contribute to India'..

AGEL Achieves India's First 10GW Solar Capacity

Adani Green Energy Limited (AGEL) has marked a historic achievement by becoming the first company in India to reach a remarkable 10 gigawatts (GW) of renewable energy capacity. With this milestone, AGEL solidifies its position as a leader in the renewable energy sector, setting a new benchmark for sustainable power generation in the country.

AGEL's journey towards this monumental accomplishment has been marked by innovation, determination, and a commitment to environmental sustainability. Leveraging cutting-edge technology and strategic investments, AGEL has rapidly expanded its renewa..

Jindal Steel & Power's Q4 Profit After Tax Doubles to Rs 9.33 Bn

Jindal Steel & Power Limited (JSPL) has reported a remarkable achievement in its financial performance for the fourth quarter, with its profit after tax (PAT) doubling to Rs 9.33 billion. This significant growth underscores the company's robust operational performance and strategic initiatives, reflecting its resilience and adaptability in the competitive steel and power sectors.

The doubled PAT for the fourth quarter is a testament to JSPL's effective management strategies and operational efficiency. It signifies the successful execution of the company's growth plans and its ability to..

India's Peak Power Demand to Surge

India is bracing for a substantial increase in peak power demand this May, with the Power Ministry forecasting a daytime peak of 235 GW and an evening peak of 225 GW. This surge underscores the country's escalating energy needs amid rising temperatures and economic activities.

The anticipated peak demand is significantly higher than previous records, reflecting the growing consumption patterns driven by urbanisation, industrial activities, and increased usage of air conditioning. The Ministry's projections are based on data from the Central Electricity Authority (CEA), which monitors a..