The Bharat Heavy Electricals Limited (BHEL) has received an order from the National Thermal Power Corporation (NTPC Ltd) for setting up the Singrauli Super Thermal Power Project, Stage-III (2×800 MW) in Sonebhadra district, Uttar Pradesh. The notification of the award was issued on Tuesday. It was an international competitive bidding. Talking about time frame, Completion […]
Category: Power
Power
Adani Green Energy operationalizes an incremental 448.95 MW of solar power projects in Gujarat
Adani Green Energy Twenty Four A Limited and Adani Green Energy Twenty Four B Limited, wholly-owned subsidiaries of Adani Green Energy Limited, on Tuesday announced that it has operationalized an incremental 448.95 MW of solar power projects at Khavda, Gujarat. In a regulatory filing, it said, “ Together with earlier intimation dated February 14, 2024, […]
Tata Power Solar Systems, Union Bank renew partnership to offer financing solutions
Tata Power Solar Systems Ltd on Tuesday announced the renewal and expansion of its partnership with Union Bank of India to offer financing solutions for residential and Commercial and Industrial customers. Both the categories will have access to collateral-free financing options, making the transition to solar energy more accessible, Tata Power Solar Systems Ltd (TPSSL) […]
Ola S1 Pro gets DVA certification under PLI Scheme
Ola Electric has announced that it has received another milestone for its flagship product, the S1 Pro, receiving the Domestic Value Addition (DVA) certification under the Production Linked Incentive (PLI) Scheme for the automobile and auto component industry. The S1 Pro scooter has successfully met the minimum localisation criteria of 50%, as mandated by the […]
StoreDot claims its extreme fast-charging EV batteries are winter-proof
StoreDot, a silicon-dominant extreme fast charging (XFC) battery technology for electric vehicles (EVs) company has said that its battery cells offer consistent and reliable winter performance. This it says will allow EV drivers to recharge their vehicles even in freezing weather, while still maintaining an excellent driving range. With this technology, winter range anxiety is […]
NTPC Green Energy, UP Rajya Vidyut to jointly develop RE projects
NTPC Green Energy Limited has signed a joint venture agreement with Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited to develop renewable power parks and projects in Uttar Pradesh. The renewable energy (RE) power generated from the proposed joint venture company (JVC) will meet the Renewable Generation Obligation (RGO) of Uttar Pradesh Rajya Vidyut Utpadan Nigam […]
Kalpataru Projects receives LoI for EPC contracts by Saudi Arabia’s Aramco for MGS‐3 project
Kalpataru Projects International Limited (KPIL), formerly Kalpataru Power Transmission Limited, on Tuesday announced that it has received Letter of Intent (LoI) from Saudi Arabia’s energy major, Aramco, for carrying out EPC work for three packages of the third expansion phase of the Master Gas System Network (MGS‐3) in Saudi Arabia. The EPC scope covers laying […]
Adani Group Ebitda in FY24 may top $9.5 bn
Adani Group’s Ebitda for this financial year is expected to cross $9.5 billion, its highest-ever, driven mainly by the infrastructure segment including cement, green energy, power and airports. The group’s Ebitda for calendar year 2023 was at $9.5 billion, a 63.6% year-on-year rise, a 37.8% growth compared with that in FY23 and 2.5 times that […]
Rays Power Infra bags 3 solar projects of 520MWp
Renewable energy solutions provider Rays Power Infra on Monday said it has secured three solar projects totalling 520MWp capacity from two big central public sector firms and one from a global developer. The combined order value for these projects underlines the company’s commitment to advancing sustainable energy solutions, a company statement said. According to the […]
Powergrid to raise Rs 1,200 cr via bonds
Power Grid Corporation of India (Powergrid) on Monday said its board has approved a proposal to raise up to Rs 1,200 crore by issuing bonds. “The Committee of Directors for Bonds approved the raising of bonds as unsecured, non-convertible, non-cumulative, redeemable, taxable Powergrid bonds – LXXVI (76th) issue up to Rs 1,200 crore,” the company […]
BHEL surges 13% on order hopes as PSU-peer NTPC gives nod for Rs 17,195.3 crore investment in Singrauli project
Shares of Bharat Heavy Electricals Limited (BHEL) experienced a significant boost, soaring by 12% on Monday, marking its most substantial single-day surge since September 1, 2021. The surge comes in the wake of another potentially sizable order in the pipeline. The rise in BHEL’s stock is attributed to the board approval of a substantial investment […]
BHEL issues clarification on media reports, says have not received any order from NTPC
Bharat Heavy Electricals Limited (BHEL) on Monday issued a clarification on media reports that stated the company board has approved an investment worth Rs 17,195.3 crore for the third phase of the Singrauli Super Thermal Power Project. “As of now, BHEL has not received any order from NTPC regarding the subject project,” the company said […]