EVI plans investment of Rs 100 crore to set up 20,000 EV charging stations

Electric vehicle charging infrastructure provider EVI Technologies plans to invest around Rs 100 crore in the next one and a half years to set up 20,000 charging stations across the country, a senior company official said. The firm, incubated at the Electropreneur Park funded by the Ministry of Electronics and Information Technology, has also tied […]

India to be world’s largest energy growth market by mid-2020s: Report

India will by mid-2020s surpass China as the world’s largest energy growth market, accounting for over a quarter of incremental global demand, UK supermajor BP said in its annual energy outlook. The 2019 edition explores the key uncertainties that could impact the shape of global energy markets out to 2040. “The greatest uncertainties over this […]

Govt plans over $12 bn in power plant, EV incentives to cut pollution

TThe government has proposed incentives worth Rs 88,500 crore ($12.4 billion) to encourage power plants to install equipment to curb emissions and to develop infrastructure for electric vehicles (EVs), a government statement said on Friday. The bulk of the money, Rs 83,500 crore, would be aimed at curbing sulphur emissions from power plants, with the […]

Chennai-based Invenire Energy acquires Tata Petrodyne in a $100-mn deal

In a first sign of private equity (PE) interest in exploration and production in India, little-known Chennai-based Invenire Energy has taken over Tata Sons oil and gas arm Tata Petrodyne (TPL) in a $100-million deal. Miami-based Atyant Capital holds a majority stake (two-thirds) in Invenire, incorporated in 2016. Invenire has also submitted bids for six […]