Green Stocks Jan 29: Stocks Rebound Strongly On Good Results Updated On Wed, Jan 29th, 2025 by Saurenergy On a day when the market grows, it was good to see green energy stocks rising far more and higher. This was probably the result of the extreme corrections seen over this week and it’s difficult to say whether this rebound will last or not. While companies like Waaree Renewable Technologies which we have highlighted […] Read more
Maharashtra Partners With UK To Build Its First 1.2 GW Solar Park Updated On Wed, Jan 29th, 2025 by Saurenergy The Mumbai-based Hazoor Multi Projects Ltd. (HMPL) has forayed into green energy with the development of the Chhatrapati Shivaji Maharaj Saur Urja Park (CSMSUP). This is one of the first solar parks in Maharashtra. Hazoor Multi Projects will develop this project in collaboration with a multinational company from the United Kingdom. This 1.2 GW capacity […] Read more
NHPC REL Issues 24.22 MW Rooftop Solar Tender For Ministries Updated On Wed, Jan 29th, 2025 by Saurenergy NHPC, on behalf of its renewable energy arm NHPC Renewable Energy Limited (NHPC REL), issued a tender to develop a rooftop solar project across various Central Ministries. It’s accepting bids till March 3, 2025. The NHPC REL tender, in its brief scope of work, mentioned: “The solar Photovoltaic (PV) installation at various locations on government […] Read more
Q3 FY25: ACME Solar’s PAT Up By 152% YoY, PAT Margin At 28% Updated On Wed, Jan 29th, 2025 by Saurenergy 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% […] Read more
With Norms In Hand, MNRE Aims To Standardize PV Products Updated On Wed, Jan 29th, 2025 by Saurenergy The Ministry of New and Renewable Energy (MNRE) has issued the “Solar Systems, Devices, and Components Goods Order, 2025” to set new standards for solar products across India. In its latest notification, the MNRE mandated compliance with Indian Standards (IS) and minimum efficiency criteria for a wide range of solar technologies. The order will come […] Read more
Gujarat Issues Norms For Setting Up Off-Grid, Hybrid Projects Updated On Wed, Jan 29th, 2025 by Saurenergy The Gujarat Energy Development Agency (GEDA) recently released guidelines for setting up off-grid solar, wind, and wind-solar hybrid projects in Gujarat. These guidelines aim to streamline procedures for these projects, including storage registration. The Gujarat government introduced this policy in response to requests from renewable energy project developers and to address challenges they face in […] Read more
Q3 FY25 Results: Suzlon’s Profit Rises 91% YoY To Rs. 388 Crore Updated On Wed, Jan 29th, 2025 by Saurenergy Wind energy company Suzlon Group announced its third-quarter results for the financial year 2024-25 (Q3 FY25), ending on December 31, 2024, reporting a 91% increase in revenue to ₹2,969 crore. The company also recorded a 102% rise in EBITDA, reaching ₹500 crore. Its profit after tax (PAT) grew by 91% to ₹388 crore. Additionally, Suzlon […] Read more
Green Stocks Jan 28: Big Losses Outweigh Small Gains For Green Stocks Updated On Tue, Jan 28th, 2025 by Saurenergy On a day of immense volatility, green energy stocks failed to arrest the decline seen in the recent past, with losers outnumbering gainers by a margin. Where stocks did manage to stay in the green today, like NTPC Green or Waaree RTL, it was only after steep falls from their recent prices. In the case […] Read more
Jaipur To Add Another GW Sized Solar Plant, From RMC Switchgears Now Updated On Tue, Jan 28th, 2025 by Saurenergy The Rajasthan-based renewable energy company, RMC Switchgears, recently conducted a Bhoomi Poojan ceremony for its new solar module manufacturing plant in Chaksu, Jaipur. This will be an addition to its existing unit in the region. RMC Switchgear shared, “The company conducted the ‘Bhoomi Poojan Ceremony’ for its new solar module manufacturing plant, with a proposed […] Read more
