NTPC on Saturday posted an over 38 per cent rise in consolidated net profit at Rs 4,726.40 crore for the September quarter on the back of higher revenues. Net profit in the year-ago period stood at Rs 3,417.67 crore, a BSE filing said. Total income rose to Rs 45,384.64 crore in the quarter from Rs […]
Category: Power
Power
The Adani group is reportedly looking to raise up to $4 billion to fund its green hydrogen projects
The Adani group is reportedly looking to raise up to $4 billion to fund its green hydrogen projects. Green hydrogen is obtained by splitting the water molecule using solar power, unlike conventional hydrogen which has fossil fuels as the power source. A Bloomberg report said that Adani New Industries Ltd (ANIL), a wholly-owned subsidiary of […]
South Korea’s Daewoo bid for comeback in India’s electric motorcycles, e-cycles market
Iconic South Korean brand Daewoo, which had captured a significant market share with the Cielo and Matiz cars, is making a comeback in the Indian market. It has formed a strategic partnership with Kelwon Electronics and Appliances Pvt. Ltd to re-enter the electric motorcycles and e-cycles segments The South Korean firm will foray into energy […]
Adani Energy Solutions commission Warora-Kurnool electricity transmission line
Adani Energy Solutions on Thursday said it has commissioned the largest inter-regional 765 KV Warora-Kurnool electricity transmission line. The project, spanning 1,756 circuit kilometres (ckm) across Maharashtra, Telangana and Andhra Pradesh, will strengthen the national grid to ensure a seamless power flow of 4,500 MW between western and southern regions, according to a statement. The […]
Why Adani Enterprises denied a report that is yet to be published
Adani Enterprises has denied a news report even before it has been published. In a regulatory filing with the bourses, Adani Enterprises — the flagship company of the Adani group — accused London-based Financial Times of malicious bias in regurgitating old allegations that it had over-invoiced coal imports. The group slammed the financial daily for […]
The Tollygunge Club goes green with Tata Power EV charging station
Tata Power and The Tollygunge Club, the leading EV charging solutions provider, have collaborated by introducing a charger on the club premises to cater to club members and other visitors. The inaugural event of a 7.4kW AC Type 2 charger was graced by club president Sujoy Banerjee and club chief executive officer Brigadier (retired) V. […]
Adani Group plans to build 10 GW solar manufacturing capacity by 2027
Billionaire Gautam Adani’s group is planning to build 10 GW of integrated solar manufacturing capacity by 2027, as it looks to capture the energy transition business, sources close to the company said. The Adani group currently has a solar manufacturing capacity of 4 GW. Adani Solar has a confirmed order book of over 3,000 MW […]
India grants approval for Nepal to sell hydropower in real-time energy market
India has allowed Nepal to sell electricity generated through two hydropower projects in its real-time energy market starting Saturday midnight, according to the Nepal Electricity Authority (NEA). It is for the first time that India granted project-wise approval ensuring that Nepal could sell hydroelectricity in India’s Real-Time Market (RTM). The Central Electricity Authority of India […]
Russia may be preparing to test nuclear-powered cruise missile, satellite imagery shows
Satellite imagery and aviation data suggest that Russia may be preparing to test an experimental nuclear-powered cruise missile — or may have recently tested one — with a theoretical range of thousands of kilometres. Movements of aircraft and vehicles at and near a base in Russia’s remote Arctic region are consistent with preparations that were […]
Adani Power raises stake by 2.21 per cent taking total holding to 69.09 per cent
Promoters of Adani Power have raised their stake in the company by 2.21 per cent taking their total holding to 69.09 per cent. Earlier this month, the promoters had increased their stakes in two other group companies. Stock exchange filings showed two promoter entities buying a little over 8.50 crore shares between September 5 and […]
SBI approaches Reserve Bank of India over priority loan tag for electronic vehicles
SBI has approached the Reserve Bank of India to classify loans to sectors using carbon-reducing technologies as priority sector lending. SBI has also sought a lower cash reserve ratio requirement for green deposits, the framework for which was announced by the RBI in April 2023. The proceeds from green deposits are to be utilised for […]
China refuses to further expand cooperation with Pakistan in energy, water, climate under CPEC
China has refused to further expand cooperation in the areas of energy, water management, and climate change under the multi-billion dollar China-Pakistan Economic Corridor (CPEC), it emerged on Tuesday, signalling a strain in the ‘ironclad’ friendship between the two all-weather allies. Cash-strapped Pakistan also gave up its opposition to setting up a new imported coal-fired […]