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Order Wins, Strong Results Propel Green Energy Stocks on April 22

The renewable bandwagon continues on its merry way, with just two out of the 11 stocks in our basket, ironically enough, the largest firms by revenues failing to rise along with the market today. Whole Tata Power and JSW Energy missed out, for KPI Green Energy, Shakti Pumps, Inox Wind Energy and Waaree Renewable, a []

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KP Energy Reports 9.8% Jump In Total Income In FY24, Profit Rises Too

Indian power company KP Energy released its financial results for FY24 and Q4 results today. In its latest public disclosure before the Bombay Stock Exchange (BSE), the firm reported a 9.8% jump in its total income.  The audited consolidated financial results of the firm said that while in FY23 it witnessed a total income of []

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Premier Energies To Seek Rs 1500 Crore In IPO Soon

Premier Energies Limited, Indias second largest integrated solar cell and solar module manufacturer (in terms of annual installed capacity of 2 GW and 3.36 GW, respectively as per a Frost & Sullivan Report), as of March 31, 2024, has filed the draft red herring prospectus (DRHP) with capital markets regulator, SEBI to raise more than []

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Ganesh Srinivasan Joins KEC International As President-T&D

Ganesh Srinivasan, who was working as the Chief Executive Officer (CEO) of Tata Power-DDL (Delhi Distribution Limited) till recently has now joined KEC International Ltd. Srivasan, who has vast experience in the power transmission and distribution business will now work as the President-Transmission & Distribution in the company.  KEC International Limited is a company of []

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Tata Power Delhi Distribution Ltd. Appoints Gajanan S. Kale As New CEO

Tata Power Delhi Distribution Limited (Tata Power-DDL), a leading power utility supplying electricity to a populace of 7 million in North Delhi, today announced the appointment of Gajanan Sampatrao Kale as the companys new Chief Executive Officer (CEO), with effect from 19th April 2024. Kale joins after his predecessor, Ganesh Srinivasan moved to KEC International []

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Amara Raja Infra Wins Greenkos 700MWp Solar Project

Amara Raja Infra Private Limited (ARIPL), part of the $1.75 billion Amara Raja Group, has achieved a significant milestone in its journey in the renewable energy sector by securing a solar BoS project of 500MW/700MWp from Greenko. The project, spanning across a 2,200-acre site near Uyyalavada Town, Kurnool District, Andhra Pradesh, marks ARIPLs largest capacity []

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Hyundai Motor, Matrix Sign PPA To Power 174-MW EV Plant In US

Hyundai Motor Group recently signed a 174-Megawatt Power Purchase Agreement (PPA) with Spains Matrix Renewables. With their solar energy project, they can power their electric vehicle (EV) plant in the United States (US) with renewable energy. The South Korean car manufacturer Hyundai Motor signed a 15-year PPA with Matrix Renewables-led stillhouse solar project which is []

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Bihar Set To Expand Its Network Of Floating Solar Plants

Bihar, one of the renewable deficit regions in India is now working on alternative plans to boost its renewable energy mix. The state has now pinned hopes on the potential of its water bodies to generate electricity. The eastern Indian state which already has worked to develop floating solar plants in Darbhanga and Supaul high []

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PM Surya Ghar: Elections Defer Timely Disbursement Of Rooftop Solar Subsidies

The ongoing elections in the state country seem to have deferred the timely disbursement of central subsidies under the PM Surya Ghar scheme. Prime Minister Narendra Modi earlier this year announced PM Surya Ghar Muft Bijli Yojana with a target to reach out to 1 crore households. The revamped scheme, dedicated to the residential rooftop []

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