Indian Railway Finance Corporation Limited (IRFC), a prominent public sector enterprise under the Ministry of Railways, marked a significant milestone by recording its highest-ever quarterly revenue for Q2 of the fiscal year 2024-25. The company’s earnings for the quarter reached an impressive ₹6,900.20 crore, a 2.04% increase from ₹6,762.18 crore reported in the same quarter […]
In a groundbreaking move that could dramatically shift India’s renewable energy landscape, NTPC Green Energy Limited (NGEL), a wholly owned subsidiary of NTPC Limited, has entered into a monumental Joint Venture Agreement (JVA) with Mahatma Phule Renewable Energy and Infrastructure Technology Ltd. (MAHAPREIT). This powerful partnership aims to spearhead the development of a staggering 10 […]
State-owned power company NTPC has greenlit a massive Rs 20,922 crore investment in two key power projects while moving forward with an IPO launch for its renewable arm. The dual developments have raised questions for investors: buy, sell, or hold?
NTPC Green Energy, a subsidiary of NTPC Limited, has officially filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), marking a significant step toward a ₹10,000 crore initial public offering (IPO). The filing, completed on September 18, 2024, comes as India ramps up its renewable energy ambitions. The […]
In a landmark move to bolster India’s green energy sector and advance towards net-zero emissions, NTPC Limited, India’s largest integrated power utility, has entered into a non-binding Memorandum of Understanding (MoU) with Numaligarh Refinery Limited (NRL). This collaboration is poised to explore partnership opportunities in establishing a bamboo-based Bio-Refinery at NTPC Bongaigaon, among other green […]
Tata Power Solar Systems Limited (TPSSL), a key subsidiary of Tata Power Renewable Energy Limited (TPREL), has announced a landmark contract with NTPC Limited for the supply of 152 MWp DCR Solar PV Modules to the Nokh Solar PV Project. The contract, valued at approximately ₹ 418 crore marks a significant stride in India’s renewable […]
Sterling and Wilson Renewable Energy Limited (SWRE) announced the notification of award for a 300 MWac Engineering, Procurement, and Construction (EPC) project. This project is to be commissioned by NTPC Renewable Energy Limited (NTPC REL) and is strategically located at Khavda RE Power Park, Rann of Kutch, Gujarat. The comprehensive Contract Price, encompassing Operations and […]
The Water & Effluent Treatment Business of Larsen & Toubro Construction (L&T Construction) has secured orders ranging from Rs 2,500 to 5,000 crores from the State Water & Sanitation Mission, Uttar Pradesh. These orders involve constructing a water supply scheme for the Hanumanganj multi-group of villages in Ballia and Firozabad districts. The project specifications include […]
Indian Oil Corporation (IndianOil) and NTPC Green Energy, a 100% subsidiary of NTPC, have agreed to form a joint venture (JV) to build renewable energy power plants to meet the power requirements of the former’s new projects of its refineries in India. Gurdeep Singh — NTPC CMD said: “Energy Transition is inevitable, what we have […]
NTPC, an Indian state-owned power generating utility, has signed a memorandum of understanding (MoU) with GE Power India, a subsidiary of GE Steam Power, with an aim to bring down the carbon footprint of its existing coal-fired power plants in India. The objective of the MOU is to undertake research, development, and engineering of technologies […]