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Indian market

IREDA Q1 Results: 32% Revenue Growth, 30% Net Profit Jump

Indian Renewable Energy Development Agency Ltd. (IREDA) announced its audited financial results for the first quarter of fiscal year 2024-25 today. As the largest Pure-Play Green Financing NBFC in the country, IREDA achieved a new industry standard by publishing its Audited Financial Results within only 12 days. IREDA has achieved Profit After Tax of Rs. […]

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Climate-Focused Non-Profits Make an Impact

India is the most populous country in the world and is poised to become a $5 trillion economy — the world’s third largest — in the next five years. Today, India’s per capita greenhouse gas emissions are about one tenth of those from the United States, and India represents just 3.4% of historic global emissions. […]

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News In Brief: Bosch & GMR, Greaves, ACKO Partnership

Bosch, GMR Plan To Develop 7.5 Mn Smart Metering Projects In UP Bosch Global Software Technologies (BGSW) and GMR Group have established a Special Purpose Vehicles (SPVs) arrangement to implement the smart metering program for the cities of Agra, Varanasi, and Prayagraj in India. The software and digital solutions division enter a partnership with GMR […]

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Even Better Together- Five Ways Solar Is Better With Other Green Energy Options

Solar power is the fastest-growing energy source globally. The Global Market Outlook for Solar Power 2024-2028 report reveals that in 2023, global solar installations surged by 87 per cent compared to the previous year. In 2023, 447 GW of new solar capacity was added, up from 239 GW in 2022, bringing the world’s total solar […]

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Hero To Expand Its EV Portfolio With New Products This Fiscal

Automobile maker Hero MotoCorp said that it sold 503,448 units of motorcycles and scooters in June 2024. This translates into a growth of 15% over the corresponding month (June 2023). The company has now planned to expand its electric vehicle portfolio with more offering and diversified products, the company said. During the month, the company […]

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SECI Plans To Add 500 MW Solar Thermal Capacity By FY25, Says Chairman

In a recent event organized by the India Energy Storage Alliance (IESA) in Delhi various dignitaries aimed to showcase Indian innovations to the international battery and energy storage community. The event also offered to facilitate partnerships for global companies entering India’s burgeoning battery market. R P Gupta, Chairman and Managing Director of the Solar Energy […]

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With Infusion Of Rs 900cr, Inox Wind To Achieve Net Debt Free Status

Indian wind energy company Inox Wind Limited (IWL) today announced the completion of infusion of around Rs 900 crores into the company by its promoter Inox Wind Energy Limited (IWEL). The funds were raised by IWEL on May 28, 2024, through the sale of equity shares of IWL through block deals on the stock exchanges, […]

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Suzlon Appoints Gurpratap Boparai As Its New CEO (Manufacturing)

Indian Wind Energy Company Suzlon Group has appointed Gurpratap Boparai as its new Chief Executive Officer (CEO)-Manufacturing Bussiness. The wind turbine generator manufacturer submitted the details of his joining before the BSE its filings.  Boparai joined the Pune-based company from July 1. Suzlon said that the newly inducted CEO (manufacturing) has expertise in market launches, […]

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