BEIJING: Nissan Motor said on Sunday it would establish a joint research centre with China’s leading Tsinghua University next year, focussing on research and development of electric vehicles (EVs), including charging infrastructure and battery recycling. Nissan and other Japanese automakers have faced a severe sales challenge this year in China, the world’s biggest auto market, […]
Category: Power
Power
Tata Power signs MoU with Indian Oil to set up 500 EV charging stations
MUMBAI: Tata Power announced that its unit Tata Power EV Charging Solutions Limited has signed a MoU with Indian Oil Corporation Limited to install more than 500 fast and ultra-fast electric vehicle (EV) charging points across India. This includes the installation of new charging points across major highways such as the Mumbai-Pune Expressway. Besides, the […]
4.45 million units energy saved by consumers, 24% savings in power bills : Tata Power
MUMBAI: Tata Power on Wednesday announced that its city consumers saved 4.45 million units of energy by adopting an energy-efficient lifestyle in 2023, thereby resulting in 24% savings in electricity bills. The announcement came in the wake of power utility firms in Mumbai celebrating Energy Conservation Week from December 14 to 21, 2023 to promote […]
Tata Power arm inks power delivery pact with Force Motors
PUNE: Tata Power subsidiary Tata Power Renewable Energy has entered into a power delivery agreement with two Firodia Group companies, Force Motors and Jaya Hind Industries, for supplying green power for 25 years under the group captive scheme. Under the agreement Force Motors will consume 1.36 crore units of power annually while Jaya Hind Industries […]
Propel Industries launches indigenous EV dump trucks
CHENNAI: Tamil Nadu-based crushing and screening equipment manufacturer Propel Industries Private Limited has launched two variations of electric vehicle (EV) dump trucks. The EV dump trucks – 470 MEV and 470 HEV — have been designed and manufactured in India. It was unveiled at the construction equipment exhibition EXCON 2023 in Bengaluru on Tuesday, a […]
Gautam Adani’s wealth swells by $5.6 billion on relief rally
A stocks rally in firms owned by Gautam Adani added $5.6 billion to his net worth last week after India’s top court concluded hearings in a lawsuit where the markets regulator is probing wide-ranging allegations of corporate malfeasance against the conglomerate. The founder of the Adani Group, whose stocks were battered earlier this year after […]
Goldi Solar offers to power up homes of tunnel survivors
NEW DELHI: Surat-based solar module manufacturer Goldi Solar on Wednesday said it will support the families of 41 workers, who were rescued on Tuesday after being trapped in a tunnel in Uttarakhand for 41 days, by powering up their residences with solar energy. “Our initiative is a step towards empowering these families with access to […]
How Google tapped Earth’s heat to power its data centres
Google, like other tech giants such as Apple, is working on operating the company’s data centres on 24/7 carbon-free energy by 2030. The company has started recycling materials in its products and it has now announced a new way it is using to harness energy and using it to power data centres. Tapping geothermal energy […]
Sikkim hydel power’s 11,400 crore claim key in climate risk management
MUMBAI: State government undertaking Sikkim Urja’s Rs 11,400 crore claim for the destroyed 1,200MW Teesta III hydropower project may become a landmark in climate risk management. A decision on the claim, which is the largest in the category and one that reinsurers are reluctant to cover, is expected soon. Reinsurers have capped their liability at […]
NSE, BSE impose fines on Power Grid Corporation
NEW DELHI: Leading exchanges BSE and NSE have imposed a fine of Rs 5,42,800 each on state-owned Power Grid Corporation for not having the required number of independent directors, including one woman. The NSE and BSE have imposed a fine of Rs 5,42,800 for non-compliance, Power Grid Corporation said in a regulatory filing said. It […]
Murugappa Group company CG Power eyes semiconductor assembly business
CHENNAI: The shares of Murugappa Group company CG Power surged almost 20% in trade to Rs. 469 on Wednesday following announcement of its plans to get into semiconductor assembly. Mumbai-based CG Power and Industrial Solutions, which was acquired by Tube Investments in 2020, has filed an application to set up an outsourced semiconductor assembly and […]
BSE, NSE slap fines on Adani Green Energy
NEW DELHI: Leading exchanges BSE and the NSE have imposed fines totalling Rs 11.22 lakh on Adani Green Energy for non-compliance with certain listing regulations. The two exchanges imposed fines of Rs 5.61 lakh each on the company. “BSE Ltd and the National Stock Exchange of India Ltd have, vide their letter dated November 21, […]