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Indian wind energy company Inox Wind is optimistic about entering the Indian solar market with its new venture, Inox Solar. The solar arm of the firm plans to participate in hybrid tenders, allowing the group to establish such projects independently without external involvement. The top management of the publicly listed company, in its latest investors’ […]
Gujarat-based KPI Green Energy continues to demonstrate strong financial growth, with an increase in its turnover in the third quarter of FY 2024-2025 (Q3 FY 2024-2025). The company’s total revenue recorded, Rs. 466.1 crore, reflected a 40.6% increase from 331.33 crore in Q3 FY 2023-2024. This growth is driven by expanded project execution, increased capacity […]
Ahmedabad-based Solar EPC and O&M provider Solarium Green Energy has launched its IPO today. The IPO comprises a fresh issue of 54,99,600 Equity Shares of ₹ 10 each at a price band of Rs 181-191. Thus, at the upper end of the price band, the company is looking to raise Rs 105.04 crore. The shares will […]
Indian power behemoth NTPC and the Indian Army have signed a Power Purchase Agreement (PPA) for the sale of 200 kW renewable energy-RTC (Round The Clock) power from a solar-hydrogen-based microgrid. This project in Chushul (Ladakh) will supply energy for the next 25 years. The agreement was signed by DMR Panda, CGM (NTPC-Hydrogen), and Aditya […]
Inox Wind Limited (IWL), a wind energy solutions provider announced a strong show for its financial results during the quarter ended December 31, 2024. In the quarter, the company’s order execution increased 82% YoY to 189 MW. The company’s revenue increased 96% year-over-year (YoY), and its EBITDA also grew 192% YoY. IWL’s order book stood […]
If ever there was a better use of the term turning point, inflection point, or simply the year when everything fell into place, 2024 would probably come the closest for the Indian solar market. These 365 days proved to be a harbinger of several good news for the different stakeholders in the industry, including solar […]
ACME Solar Holdings, in its Q3 FY25 financial results, reported a 152% year-over-year (YoY) increase in Profit After Tax (PAT). It also reported a 632.5% jump in its net profit on a Quarter-On-Quarter (QoQ) basis. The PAT margin reached 28%, while the net debt-to-equity ratio stood at 1.6x. The company’s total revenue increased by 9.9% […]
Solar manufacturing company Karamtara Engineering is all set to launch an Initial Public Offering (IPO) worth ₹1,350 crore. The firm plans to enter the Indian stock exchange to expand its business, particularly in the country’s renewable energy sector. The proposed IPO comprises a fresh issue of ₹1,350 crore and an offer for sale (OFS) worth […]
Indian solar glass manufacturer Borosil Renewables has implemented its plan to temporarily halt solar glass production at its German plant. The Board of Directors had previously planned this move to reduce losses at the plant due to low demand for solar glass in the European market. Borosil Renewables produces solar glass in Germany through GMB […]
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