In Short : JSW Energy posted a 42% surge in Q1 net profit, fueled by its expanding renewable energy portfolio and recent strategic acquisitions. The company’s focus on clean energy significantly boosted revenue and operational efficiency. This performance underscores JSW Energy’s strong momentum in India’s green energy transition and its growing footprint in the renewable […]
Hitachi Energy India Q1 profit jumps 4-fold to Rs 10 cr – EQ
In Short : Hitachi Energy India reported a four-fold increase in Q1 profit, reaching Rs 10 crore. This significant growth highlights the company’s strong performance and successful business strategies during the quarter. In Detail : Renewables led the charge from studies across utilities and industries, to nearly 2.5GW of grid integration projects, along with several […]
LG Energy Solution Q1 profit more than doubles, shares rise – EQ Mag
SEOUL : South Korea’s LG Energy Solution said on Wednesday quarterly profit more than doubled, as the battery maker benefited from subsidies from the U.S. Inflation Reduction Act and solid U.S. sales of electric vehicles. Its shares jumped as its earnings met forecasts. The company, which supplies Tesla Inc, General Motors Co and others, said […]
Hyundai Motors finalises $5 billion battery JV in US, doubles Q1 profit – EQ Mag
SEOUL : South Korea’s Hyundai Motor Co said on Tuesday it had finalised a $5 billion electric vehicle (EV) battery joint venture in North America, as it reported first-quarter net profit had more than doubled, exceeding expectations. Hyundai and partner SK On, a battery unit of SK Innovation Co Ltd, will set up a new […]