In Short : Onix Renewable Ltd. reported robust financial results for FY 2024–25, with revenue reaching ₹1,001.30 crore, up 185.8% year-on-year, and net profit surging 190.72% to ₹153.46 crore. The company expanded operations across Gujarat, Maharashtra, and Rajasthan, advanced digital monitoring systems, and focused on sustainability. Plans include hybrid and storage-based projects to support India’s […]
Govt planning to launch interest subvention scheme to support clean energy sector – EQ Mag
Initial support in terms of VGF and priority lending is required to scale up a new technology, said Power Secretary Alok Kumar New Delhi : Government is working on an interest subvention scheme for the energy…Read More… Source: PTI
ADB to invest USD 50 mn in solar project developer Avaada
Asian Development Bank (ADB) Tuesday said it has inked an agreement to invest USD 50 million in solar energy project developer Avaada Energy Pvt Ltd to help the company scale up rapidly. The investment will come equally from ADB’s Ordinary Capital Resources and Leading Asia’s Private Infrastructure Fund (LEAP). LEAP is a funding arrangement provided […]
