Energy Sector

Power Grid Corporation of India Limited secures a letter of award for developing a large-scale battery energy storage system in Andhra Pradesh.

Stocks in focus on year-end: PowerGrid wins BESS project, RITES bags $3.6 mn order, Privi sees ₹700 Cr block deal, IFCI exits NEDFi stake, Bharat Forge wins ₹1,662 Cr defence order.

The demand for energy storage solutions in India is growing. Battery stocks provide an opportunity to benefit from this trend.

This strategic collaboration aims to boost operational capabilities and contribute significantly to India’s renewable energy landscape.

Earlier this week, Bahadur Dastoor resigned as the company's Chief Financial Officer (CFO), effective September 21.

The organisation received the order from Sai Bandhan Infinium Pvt Ltd. According to the agreement, the project will be finished in stages by July 2025.

Contract termination has a negative influence on turnover and proportionate profit due to the number of pending contracts to be executed.

This initiative is part of Component-B of the Pradhan Mantri Kisan Urja Suraksha Evam Utthaan Mahabhiyan (PM-KUSUM) Scheme.

According to the company's stock exchange filing on Tuesday, Sun Drops Energia plans to complete the projects during the current fiscal year.

TotalEnergies owns a minority stake in Adani Green, which manages the Indian conglomerate Adani Group's renewable energy portfolio.