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Daily Archives: August 9, 2017

Inox Wind consolidated net loss of Rs.39 crore in Q1FY18, vs net profit of Rs. 11.8 crore in Q1FY17

Inox Wind standalone revenue for the quarter came in at Rs. 105.9 crore, registering 75.6% yoy decline. EBITDA for the quarter reported loss of Rs. 13.42 crore vs EBITDA profit of Rs.45.5 crore in corresponding quarter previous year Further poor operating performance led to net loss of Rs.39 crore in Q1FY18 vs net profit of Rs.11.81 crore in Q1FY17. The company sees this as a temprory downtrurn caused due to change in FIT based market regime to auction based  market ... Read More »

KCT Group looks to sell off renewable energy portfolio

According to reports, KCT Group, the Vikram Thapar-led arm of the business house founded by Karam Chand Thapar, is exploring the sale of its renewable energy assets of 103 megawatts (MW), said two people aware of the development. Founded in 1929 as a coal mining company, the KCT Group currently has a diversified portfolio of businesses with interests in sectors ranging from coal, infrastructure, real estate, manufacturing and aquaculture. “There is a strong merger and acquisition (M&A) wave in the ... Read More »

The renewable energy revolution in India

According to reports, India has launched the world’s largest renewable energy expansion programme and aims to achieve 175 GW capacity of energy by 2022. The country is taking national actions plans to abide by its duty under the Paris Agreement to keep the rising temperatures of the Earth well below 2 degree Celsius. Tamil Nadu and Rajasthan are leading the renewable energy sector by generating electricity using wind farms. Rajasthan tops the list for solar and wind energy with a total ... Read More »

Solar projects’ deadline extended

According to reports, the government has granted major relief to solar power developers, allowing deadlines for project development to be extended in cases where there were delays caused by circumstances beyond their control. Developers had raised an alarm over a letter from the Ministry of New and Renewable Energy (MNRE) this month directing all states to strictly enforce deadlines for solar projects, eschewing extensions, as reported by ET on July 18. The ministry has now sent another letter that takes into account the ... Read More »

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