Category: Power

Mumbai: Adani Green Energy is likely to raise $500 million by issuing dollar bonds in March, two officials aware of the plans said, making it the first Adani group company to return to the overseas bond market in a year. “The company is doing the groundwork and talking to investors to get a sense on […]

New Delhi: Adani Green Energy Ltd (AGEL) on Wednesday announced commissioning of 551 MW solar capacity at Khavda renewable energy park in Gujarat. The company plans to develop 30 GW of renewable energy capacity at this RE park, which is expected to be operational in the next five years. When completed, the Khavda RE park […]

New Delhi: State-owned BHEL on Tuesday posted a consolidated net loss of Rs 148.77 crore for the third quarter ended December 2023, impacted by higher expenses. It had posted a net profit of Rs 42.28 crore in the October-December period of the preceding 2022-23 financial year, the company said in an exchange filing. The company’s […]

Fishermen from Ahmednagar and Chhatrapati Sambhajinagar held protests against the proposed solar project at Jayakwadi Dam in Ahmednagar, news agency ANI reported. The fishermen have also submitted an appeal to the National Green Tribunal (NGT) to annul the proposed floating solar power project initiated by the state government. Previously, they had presented a similar request […]

Ranchi: The Jharkhand government on Wednesday decided to increase the limit of free electricity to 125 units from the existing 100 units per month for domestic consumers. In a review meeting with senior officials including the chief secretary, Chief Minister Champai Soren directed the energy department to prepare a proposal in this regard. “Consumers will […]

Mumbai: The Bombay High Court on Tuesday held as ‘illegal’ the arrest of ICICI Bank’s former Managing Director and Chief Executive Officer (CEO) Chanda Kochhar and her businessman-husband Deepak Kochhar by the Central Bureau of Investigation (CBI) in an alleged loan fraud case. A division bench of Justices Anuja Prabhudessai and N R Borkar confirmed […]

Mumbai: Electric scooter startup River on Tuesday announced it has raised $40 million (Rs 335 crore) in Series B funding led by Japan’s Yamaha Motor Co, Ltd. The funds will be utilised for scaling up the distribution and service network, among others. “The investment is a significant boost for our plan to build a billion […]

New Delhi: India will invest $67 billion (around Rs 5.5 lakh crore) in the next five to six years to boost the share of natural gas in the country’s primary energy mix to 15% from the current 6%, Prime Minister Narendra Modi said on Tuesday. Speaking at the second edition of India Energy Week in […]

Panaji: Prime Minister Narendra Modi will inaugurate India Energy Week 2024 in Goa on Tuesday and also dedicate to the nation the permanent campus of the National Institute of Technology (NIT) apart from laying foundation stones for various projects costing more than Rs 1,330 crore. Modi will also address ‘Viksit Bharat, Viksit Goa 2047’ programme. […]

Mangaluru: Energy minister K J George said that there will be no power shortage in Karnataka during summer. Speaking during a meeting of the elected representatives of Dakshina Kannada at Mescom head office in Mangaluru, he said that the state government has taken all measures to increase the power production to meet the demands. Though […]

New Delhi: Reliance Power Ltd on Saturday reported widening of its consolidated net loss to Rs 1,136.75 crore during the quarter ended December 2023, due to increased expenses. It had posted a net loss of Rs 291.54 crore during the October-December period of preceding 2022-23 financial year, the company said in an exchange filing. The […]

New Delhi: Makers of premium motorcycles in the over-250cc segment have the architecture ready to go electric, but availability of infrastructure, especially charging facilities, remained a big bottleneck, Ashish Singh Joshi, CEO of Jawa Yezdi Motorcycles, said on Thursday. India eyes 100 per cent electrification of two and three-wheelers by 2030. While there has been […]