Renewable energy firm ACME Solar Holdings has filed preliminary papers with Sebi to raise Rs 2,200 crore through an initial public offering, according to draft papers filed with the markets regulator. Funds raised through the issue would be used to pay debt and to finance the company’s 200 MW solar power project in Rajasthan and […]
Day: September 29, 2017
IGL steps on the gas, to put in Rs 600 crore for expansion
Indraprastha Gas Ltd will invest Rs 600 crore this fiscal to expand operations, including starting CNG and piped cooking gas retailing in three cities of Haryana. IGL, the sole supplier of CNG to automobiles and piped natural gas (PNG) to households in the national capital and adjoining cities of Noida, Greater Noida and Ghaziabad, is […]
Oil mixed but set for weekly gain on improving market outlook
Oil prices were mixed on Friday, but both Brent and U.S. crude were set to chalk up another weekly gain as investors bet that efforts to cut a global glut are working and that the demand outlook is improving. U.S. crude was down 8 cents at $51.48 a barrel at 0641 GMT, after earlier rising […]
Tech Mahindra, Power Ledger to test MaaS-based electricity solution
IT firm Tech Mahindra, in collaboration with electricity trade platform provider Power Ledger, on Friday announced a series of trials to develop a new mechanism of electricity production through ‘Microgrid-as-a-Service’ (MaaS). MaaS is an integrated platform incubated by Tech Mahindra to create a new model in the electricity market which will enable building owners, campuses, […]
NHAI’s projects to generate approximately 50 Crore man-days employment over next four years
The ongoing and targeted projects of National Highways Authority of India (NHAI) would generate estimated employment of approximately 50 crores man days over the next four years on a seasonal basis. This would be averaging to nearly 12.5 crore man-days yearly from 2018-2022. Of this, about 1.0 crore will be professional man-days, 3.5 crore skilled […]