SECI invites R&D proposals to set up energy storage systems

NBCC offloads 4,80,000 sq ft commercial area in Delhi for Rs 19.05 bn

NBCC (India) announced that it had successfully disposed of 4.8 lakh square feet of commercial space in South Delhi for Rs 19.05 billion on behalf of the government.

In the 25th e-auction for commercial space at World Trade Centre (WTC) in Nauroji Nagar there, NBCC claimed to have attained the highest sale realisation to date, having sold 4.8 lakh square feet of commercial space for Rs 19.05 billion.

It was mentioned that major organisations such as Power Finance Corporation, Security Printing and Minting Corporation of India, and Solar Energy Corporation of India were among ..

SAEL secures $1 bn funding boost for solar, waste-to-energy expansion

SAEL, a company based in India specialising in solar and agricultural waste-to-energy solutions, successfully secured a substantial $1 billion in funding through a collaborative effort involving the US Development Finance Corporation, the Asian Development Bank, Tata Cleantech, and various other financial institutions.

As part of this funding, the Asian Development Bank (ADB) sanctioned a Rs 12.23 billion ($147 million) loan specifically earmarked for a 400 MW solar project situated in Gujarat. Additionally, Tata Capital extended financial support amounting to Rs 6.11 billion ($73.4 m..

JSW Energy reports 29% YoY profit surge in Q3 FY23-24

JSW Energy, an independent power producer, posted a net profit of Rs 2.32 billion (~$27.9 million) in the third quarter (Q3) of the financial year (FY) 2023-24, marking a 29% YoY increase. The growth was fuelled by a robust performance in the renewables sector and reduced fuel costs. The company's total revenue rose by 13% YoY to Rs 26.61 billion (~$320 million), propelled by higher generation in both thermal and renewables segments. Renewable generation saw a remarkable 71% YoY expansion, reaching 1.4 billion units (BU), driven by capacity additions and contributions from an acquired renewabl..

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..