Reliance New Energy Ltd, the clean energy arm of Reliance Industries, on Monday said it has signed definitive agreements to acquire substantially all of the assets of Lithium Werks BV (Lithium Werks) for $61 million (Rs 467 crore), including funding for future growth. Lithium Werks, which was founded in 2017, is a cobalt-free lithium battery […]
Category: The Telegraph
Telegraph
Malda: Villagers attacked over protest against power theft
A group of criminals allegedly attacked villagers who protested against power theft from a mosque in Malda district on Saturday night. The accused not only attacked the homes of the protesters but also looted cash and jewellery and beat up five persons, including a woman, at Banutola village in Panchanandapur area under Mothabari police station, […]
One lane to open for traffic by March-end
The National Highways Authority of India (NHAI) will formally open one lane of the 5.4km Dalkhola bypass along the NH12 (formerly NH34) in North Dinajpur district for traffic — apart from goods vehicles — by the end of this month for the ease of residents and tourists. Residents of Dalkhola in North Dinajpur district as […]
Bascule bridge in Kidderpore to be closed for 2 months
The bascule bridge, which connects Kidderpore and Garden Reach, will be closed for at least two months in the second half of 2022 for an overhaul of the 50-year-old structure. The Kolkata port, the custodian of the bridge, will float a global tender for the work, which will take about six months from the start. […]
Bengal: No road tax and fee for CNG vehicles
Exemption from registration fees and road tax for CNG vehicles for two years, as declared by the state government in its Budget on Friday, will go a long way in spurring adoption of cleaner fuel in Bengal, said sources in the industry. Similar exemptions for electric two-wheelers and four-wheelers will also spur demand and accelerate […]
WBPDCL expects 37 per cent growth in power generation
West Bengal Power Development Corporation Limited (WBPDCL) is expecting a 37 per cent growth in generation in 2021-22. According to budget documents, the state utility is expecting a generation of 32,724 million units by the end of March against a generation of 23,874 million units in 2020-21. Union power ministry data shows that the generation […]
Sales of electric two-and-three-wheelers pick up in East, northeast
Electric two- and three-wheelers are becoming popular in the east and the northeast with the region contributing about 9 per cent to the total sales in India. The Bengal government’s decision in the state budget to exempt registration duty and road tax for two- and four-wheeler EVs in the next two financial years is expected […]
Sharp rise in fuel prices expected
With the state elections over, the stage is set for a sharp rise in fuel prices. The PSU oil companies last revised prices in November. Brokerages such as Jefferies said petrol and diesel prices may need to be hiked by Rs 20-22 per litre and Rs 22-32 per litre, respectively, to restore normal margins. The […]
Air India flight carrying students evacuated from Ukrainian city Sumy lands in Delhi
An Air India flight from Poland’s Rzeszow carrying students evacuated from northeastern Ukrainian city Sumy, landed in Delhi on Friday morning, officials said. The flight had taken off from Rzeszow around 11.30 pm (IST) on Thursday and landed in Delhi at 5.45 am on Friday, they said. India has sent three flights to Poland to […]
Oil prices bounce back after steep drop, UAE seeks Opec help
Oil prices bounced back on Thursday from a sharp drop in the previous session after the United Arab Emirates backtracked on statements saying that Opec and its allies might increase output to help to plug the gap in exports from Russia. In a volatile market, Brent crude futures were up $4.90, or 4.4 per cent, […]
Coal India gets 100 per cent booking in its first single window e-auction
Coal India on Wednesday said the common electronic auction platform cleared by the cabinet last month would create a level playing field. There will be a uniform price structure for all consumers, while a large number of buyers will eliminate cartelisation. The cabinet allowed Coal India to offer non linkage coal through a common e-auction […]
Global demand likely to double domestic gas prices
Natural gas prices are likely to double next month from the present $2.90 per mBtu because of the spike in global demand at the gas hubs, analysts said. Prices are benchmarked to the global hubs and are set twice a year. Analysts estimate the prices to double to $6 per mBtu from $2.90 per mBtu. […]