This agreement was formalised on Thursday during the second day of the 10th Vibrant Gujarat summit, making it the largest MoU signed by a private entity in the renewable energy sector, , tata power, vibrant gujarat global summit 2023
Quarterly revenue declined 18.6% to Rs 6,619 crore due to lower sales and lower London Metal Exchange prices of zinc and lead, the company's largest segment
Hindustan Zinc s revenue from operations during the quarter ended September declined 16% year-on-year to Rs 6,619 crore as against Rs 8,127 crore in the same quarter of the previous year. The company has reported an EBITDA (earnings before interest, tax, depreciation and amortisation) of Rs 3,139 crore, down about 24% year-on-year. Margins too declined to 46.2%.
Parminder Chopra, Chairman & Managing Director, PFC said, this transaction is in line with PFC s expanding role in funding green projects and positioning itself as the focal agency for energy transition.
Envision Energy has won a 350 MW wind energy project from Serentica Renewables in Maharashtra, India, with Envision supplying a total of 106 wind turbines. Once commissioned by December 2024, the wind park will produce 1.25 billion units of clean energy, avoiding the emission of 1.06 million tonnes of CO2 annually. The turbines, with a rotor diameter of 156 metres, a hub height of 140 metres, and a rated capacity of 3.3 MW, have been specifically designed to maximise performance in Indias unique wind conditions. The project cost has not been disclosed.