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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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Gensol Q3-9 Month Revenues Up 42%

Gensol Engineering Limited, one of the oldest players in the renewable energy sector specializing in solar engineering, procurement, and construction (EPC) services, along with electric mobility solutions, announced its unaudited consolidated financial results for the quarter & nine months ended December 31st, 2024 (Q3 & 9M FY25). Consolidated Financial Summary:  Particulars (₹ in Crore) Q3 […]

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Goa, Maharashtra & Gujarat Lead in Daily Power Supply Hours

Goa, Maharashtra, and Gujarat emerge as frontrunners in providing the highest daily power supply to consumers. The Ministry of Power recently furnished state-wise details of the average hours of power supply each state and Union Territory were able to give to its consumers. The ministry also said that the national average power supply in FY24 […]

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5 Reasons Why BESS Will Be a Focal Point of Energy Business in 2025

Battery Energy Storage Systems (BESS) are a very crucial component of the renewable future that the world envisions. Recent years saw a tremendous increase in renewable energy and with it energy storage solutions, like BESS, emerged as a missing piece of the puzzle in competition against fossil-based power to dominate the energy sector. As a […]

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