On a consolidated basis, KEC International reported a 0.7% rise in net profit to Rs 194.30 crore on 18.8% increase in net sales to Rs 4,360.54 crore in Q4 FY21 over Q4 FY20.Profit before tax declined 1.3% to Rs 265.66 crore in Q4 FY21 from Rs 269 crore posted in Q4 FY20. EBITDA fell 4.3% to Rs 355 crore in Q4 FY21 from Rs 371 crore in Q4 FY20. EBITDA margin declined to 8.1% in Q4 FY21 as against 10.1% in Q4 FY20.
The EPC company recorded 2% decline in consolidated net profit to Rs 553 crore in the year ended March 2021 (FY21) compared with net profit of Rs 566 crore in the year ended March 2020 (FY20). Revenue grew 10% to Rs 13,114 crore in FY21 from Rs 11,965 crore in FY20.
The electrification of transportation, heating and other end uses necessary for the United States to meet its decarbonization goals will require the country to double its electricity load by 2050, panelists said Thursday at a Federal Energy Regulatory Commission technical conference. With that additional load will come opportunities, responsibilities and challenges, they said.
The panelists frequently acknowledged the need to consider issues of equity, affordability and environmental justice throughout the energy transition. If we don t address those issues, what are we doing? We re not accomplishing anything, said FERC Chairman Richard Glick.
They also raised cybersecurity concerns. It will be a constant battle to secure the grid, said Carlos Casablanca, managing director of distribution planning and analysis at American Electric Power Service Corp. But he added that AEP does not believe that these risks are brought upon by electrification efforts alone, as these risks alre
Dive Brief:
California regulators on Thursday gave Pacific Gas & Electric (PG&E) an initial green light
to securitize $7.5 billion in costs related to a series of wildfires that occurred in its service territory in 2017, despite concerns from some groups about the impact to the utility s customers.
If regulators similarly approve a financing order slated for a vote next month, PG&E can issue up to $7.5 billion of recovery bonds, which will result in a ratepayer charge of more than $394 million per year for the next 30 years. PG&E intends to reimburse customers through a shareholder-funded trust, but some groups are skeptical of that strategy.