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Sterling and Wilson Reports Rs 522cr Total Income In Q1 FY24

Sterling and Wilson Renewable Energy Limited today announced its First Quarter (Q1) Financial results today. Its total income consolidated (unaudited) came down from Rs 1,211.06 crore in Q1 of FY22-23 to Rs 522.35 crore in Q1 of FY 23-24, a plunge of 57 percent YoY. It also reported a sharp reduction of total expenses in […]

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Mcdonald’s Operator Westlife To Power A Third Of New Stores With Solar By FY24

To mark World Environment Day 2023, Westlife Foodworld Ltd. (formerly Westlife Development Ltd.) – owner and operator of McDonald’s restaurants in West and South India will progressively install rooftop solar panels on one-third of its new restaurants in FY24. This move is part of the company’s goal to increase the use of renewable energy. In […]

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Hindustan Power, Tata & Adani Commit Investments In Assam’s Power Sector

Marking a major step in Assam’s renewable energy sector, companies like Adani Group, Tata Power, and Oriana Power have announced investments in the state for the coming year. For instance, Ratul Puri’s Hindustan Power has signed a Memorandum of Understanding (MoU) with the Assam government to invest ₹620 crore in battery energy storage projects. The […]

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JBM Ecolife-Wins Contract From CESL To Supply 1021 E-buses

JBM Ecolife Mobility Private Limited, a JBM Auto subsidiary, was awarded the tender for the end-to-end execution of 1,021 Electric Buses and the development of allied electric and civil Infrastructure on Gross Cost Contracting [GCC] under the PM-eBus Sewa Scheme (Tender-II).  JBM said in a regulatory filing, “The project will be supported by a Payment […]

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ReNew Q3 Fy 25Results- Income Up 10%, Net Losses Up 20%

ReNew Energy Global Plc (“ReNew”)  announced its unaudited consolidated IFRS results for Q3 FY25 and nine months ended December 31, 2024. Operating Highlights: As of December 31, 2024, the Company’s portfolio consisted of ~17.4 GWs, compared to ~13.8 GWs as of December 31, 2023. The Company’s commissioned capacity has increased 25.5% year-over-year to ~10.7 GWs […]

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Borosil Renewables Reports Rs. 8.64 Cr Loss in Q3 FY25

Indian solar glass manufacturer Borosil Renewables recently announced its financial results for Q3 FY25. The company reported an EBITDA of Rs. 20.89 Cr, a significant decline from Rs. 52.88 Cr in the previous quarter. As a result of the lower EBITDA, Borosil posted a post-tax loss of Rs. 8.64 Cr in Q3 FY25, compared to […]

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Premier Energies Secures Rs. 1,234 Cr Solar Module Supply Orders

Leading Hyderabad-based solar manufacturer, Premier Energies has received two orders from its existing customers totaling Rs.1234 Crores. The company shared this update in a regulatory filing stating, “The supply of solar modules is scheduled to commence in April 2025.” The Indian solar module and solar cell manufacturer in its latest financial results for the third […]

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India Adds 18.5 GW Of New Solar Capacity In 10 Months Of FY25

India’s solar energy capacity continues to rise strongly, with a strong 2.5 GW addition in January as well.  The latest data from the Central Electricity Authority (CEA) revealed that India added 18.5 GW of new solar capacities in the current fiscal, since April 2024. This is a 147% growth in new solar power additions yearly […]

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Prostarm Info Gets In-Principle Approval From SEBI To Launch IPO

Navi-Mumbai-based pan-Indian power solution products company, Prostarm Info Systems has received in-principle approval from market regulator, Securities Exchange Board of India (SEBI) to launch its initial public offering (IPO). The issue comprises a fresh issue of up to 1,60,00,000 Equity Shares of face value ₹10 each and will be listed on BSE and NSE. Choice […]

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