Category: Power

Anil Ambani companies listed at stock market scaled more than 5 per cent on Friday hitting upper circuit as well. The Anil Dhirubhai Ambani Group or ADAG group share Reliance Infra hit its 52-week high on 11th June and gave more than 15 per cent profit to its share holders last week. Similarly, Reliance Naval […]

Bitcoin jumped above $39,000 after Elon Musk said Tesla Inc. would resume transactions with the cryptocurrency when mining is done with more clean energy. The electric-car maker will allow Bitcoin transactions again “when there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend,” Musk, Tesla’s chief executive officer, said in a […]

New Delhi, Jun 13 (PTI) Total outstanding dues owed by electricity distribution utilities or discoms to power producers fell 11.2 per cent to ₹81,628 crore in April 2021 from a year ago. Distribution companies (discoms) owed a total ₹91,915 crore to power generation firms in April 2020, according to portal PRAAPTI (Payment Ratification And Analysis […]

In one of the largest tranches of Indian clean energy contracts on offer, developers are eyeing projects of at least 9 gigawatts (GW) that will be bid out over the next three weeks, said two people aware of the development. These contracts that require an investment of over $4 billion are being offered after a […]

In a push for India’s green hydrogen efforts, state-run NTPC Ltd has floated a global expression of interest (EOI) for setting up two pilot projects; standalone fuel-cell based backup power system and a microgrid system, with hydrogen production using electrolyser. These projects will be set up at NTPC’s premises. Mint earlier reported about the state-run […]

NEW DELHI : Bengaluru-based electric mobility startup, Cell Propulsion, has raised $2 million from a clutch of private equity investors, including Endiya Partners, GrowX Ventures, Huddle Accelerator and Micelio. Last September, the company raised $1 million in a pre-series A round of fundraising. With the current round, the total funds raised by the startup stood […]

The Bitcoin Mining Council made its formal debut Thursday amid a growing debate over the amount of energy used in cryptocurrencies. “The Bitcoin Mining Council is a voluntary and open forum of Bitcoin miners committed to the network and its core principles,” MicroStrategy Inc. Chief Executive Officer Michael Saylor, who helped to form the association, […]

A rally in the stocks of companies controlled by Indian billionaire Gautam Adani has added almost $43 billion to his wealth this year, catapulting him to the spot of the second-richest person in Asia. Some analysts say the gains are fraught with risk. Adani’s net worth of $76.7 billion got a boost from a 330% […]

NEW DELHI: Hours after passing a resolution that made it the first country in the world to recognize bitcoin as a legal tender, Latin American nation El Salvador has said that it will mine the cryptocurrency using geothermal energy from its volcanoes. In a tweet, President Nayib Bukele, said: “I’ve just instructed the president of […]

Leveraging India’s landmass and green energy sources for exporting green hydrogen is one of the steps for achieving energy sufficiency for the country, according to a draft proposal circulated by the ministry of new and renewable energy (MNRE), for the planned National Hydrogen Energy Mission said two people aware of the development. The draft proposal, […]

Adani Power share price has climbed over 70 per cent in the last four trade sessions. As per the Adani Power share price history, the Adani group stock had closed at ₹97.35 at NSE on 3rd June 2021, which is currently trading at ₹166.90 (at 10:07 AM) — giving over 70 per cent return to […]

MUMBAI: Greenjoules Pvt. Ltd., a Pune-based green energy technology company, has raised $4.5 million (about Rs33 crore) in its Series A funding round from Blue Ashva Capital through its Blue Ashva Sampada Fund. The funds raised are a combination of equity and debt and will be utilised to set up commercial scale waste-to-energy plants and […]