August 2024

Subsea HVDC line for Andaman & Nicobar Islands under discussion

The National Committee on Transmission (NCT) has begun deliberations on building a subsea HVDC line to meet growing power demand in the Andaman & Nicobar Islands (ANI). The rationale behind this link is to meet ANI’s Read more

Genus R&D Lab | T&D India

Genus Power reports order book of over Rs.21,000 crore

Genus Power Infrastructures Ltd has reported an outstanding order book of over Rs.21,000 crore, as of June 30, 2024. In a media release, Genus said that it had an order book of Rs.21,458 crore (net of taxes) that gives Read more

ICRA Adani Trans | T&D India

Adani Energy Solutions completes $1-bln QIP, largest in power sector

Adani Energy Solutions Ltd (AESL) announced that it has successfully completed its $1-billion Qualified Institutional Placement (QIP), which is the largest in India’s power sector. This QIP, worth Rs.8,373 crore, marks AESL’s first equity raise in the capital market Read more

IEX records highest ever monthly traded volume in July 2024

Indian Energy Exchange (IEX) recorded its highest-ever monthly traded volume in July 2024. According to an IEX release, the exchange recorded trading volume of 13,250 MU. This volume, which included trading in certificates, was 56 per cent higher than Read more

Torrent Power sees slightly higher losses in distribution business

Torrent Power has seen a slight increase in its overall power distribution losses in Q1FY25. According to an investor presentation discussing the company’s performance in Q1FY25, Torrent Power witnessed higher distribution losses across all its licensed areas. However, in Read more

PGCIL WR-NR | T&D India

PGCIL set to win three more ISTS-TBCB schemes

Power Grid Corporation of India Ltd (PGCIL) is set to three more interstate transmission system (ISTS) schemes, under the tariff-based competitive bidding (TBCB) route. Addressing an investor conference recently, R.K. Tyagi, CMD, PGCIL, said that the company was set Read more

HPL Electric & Power: Order book crosses Rs.3,700 crore

HPL Electric & Power Ltd said that its outstanding order book, as of July 30, 2024, was over Rs.3,700 crore. In a release, HPL Electric said that this growing order book signifies a deep pipeline, ensuring sustained revenue generation Read more

PGCIL ups capex target for FY25; now at Rs.18,000 crore

Power Grid Corporation of India Ltd (PGCIL) has upwardly revised its capital expenditure (capex) target for FY25, which now stands at Rs.18,000 crore as against Rs.15,000 crore previously indicated. R.K. Tyagi, CMD, PGCIL, whilst addressing a recent investor conference, Read more

NTPC | T&D India

BHEL reports order inflow of close to Rs.9,500 crore in Q1FY25

Bharat Heavy Electricals Ltd (BHEL) has reported an order inflow of nearly Rs.9,500 crore in Q1FY25 (April to June 2024), with a clear dominance of power sector-related mandates. In an investor presentation, BHEL said it received orders worth Rs.9,488 Read more

PGCIL emerges L1 for mega HVDC scheme in Rajasthan

Power Grid Corporation of India Ltd (PGCIL) has emerged L1 for a major interstate transmission system (ISTS) scheme, involving extensive use of HVDC technology. In an investor presentation discussing the company’s performance in Q1FY25, PGCIL said Read more