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REC’s subsidiary RECPDCL handed over SPV projects to IndiGrid – EQ Mag Pro

A consortium of IndiGrid 1 Limited and IndiGrid 2 Limited has been the successful bidder of the Inter-State Transmission Project of Ministry of Power, GoI, and RECPDCL as the Bid Process Coordinator. New Delhi : REC Power Development and Consultancy Limited (RECPDCL), a wholly-owned subsidiary of REC Limited, the NBFC Navaratna CPSU under the aegis […]

Uttar Pradesh govt looks to utilise water bodies for floating solar farms -EQ

REC arm hands over Kallam Transmission SPV to IndiGrid firms’ consortium – EQ Mag Pro

REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the NBFC Navaratna CPSU under the aegis of Ministry of Power, handed over the project specific SPV (Special Purpose Vehicle) formed for construction of Transmission Project viz. Transmission system for evacuation of power from RE projects in Osmanabad area (1 GW) […]

Role of prosumers in renewable energy adoption in India – EQ

IndiGrid to establish transmission system for renewable energy projects in Maharashtra – EQ Mag Pro

For REC Power Development and Consultancy. IndiGrid has received the Letter of Intent (LOI) from REC Power Development and Consultancy (REC) to establish a transmission system for evacuation of power from renewable energy projects in Osmanabad area in Maharashtra. This project is envisaged on build, own, operate and maintain (BOOM) basis for a period of […]

Role of prosumers in renewable energy adoption in India – EQ

IndiGrid Q2 results: Net profit slips 20% to Rs 68 crore – EQ Mag Pro

New Delhi: Infrastructure funding belief IndiGrid‘s consolidated web profit fell 20 per cent to Rs 68.17 crore within the September quarter due to increased finance prices and depreciation. The consolidated web profit was Rs 85.51 crore within the quarter ended September 30, 2020, a BSE submitting stated. The finance price within the quarter rose to […]

Clean Energy Tech Firm Ecozen Raises $30 Million for Global Expansion – EQ

IndiGrid Steps Up Quarterly Distribution By 6% Yoy; Stock Ends Higher

Q1FY22 Revenue and EBITDA up 53% yoy on the back of acquisitions and steady operations. IndiGrid on Friday, India’s first power sector InvIT, announced its results for the quarter ended June 30, 2021. The consolidated revenue grew by 53% yoy in Q1FY22 at Rs5542 million supported by acquisitions worth Rs75 billion over the last year. […]

IREDA Q3 Results: Net profit zooms 67% to Rs 335 crore – EQ

IndiGrid Q1 Profit Down 5% to Rs 81 Crore; Income Rises to Rs 564 Crore

Total income rose to Rs 564.99 crore in the quarter from Rs 367.45 crore in the same period a year ago Infrastructure investment trust IndiGrid on Friday reported 5.49 per cent decline in consolidated net profit at Rs 80.91 crore for June quarter 2021-22. In the year-ago period, India Grid Trust (IndiGrid) clocked a profit […]

IREDA Q3 Results: Net profit zooms 67% to Rs 335 crore – EQ