Shares of Thermax moved higher by 6 per cent to Rs 1,520 on the BSE in intra-day trade on Friday after the company announced that Thermax Babcock and Wilcox Energy Solutions (TBWES), a wholly-owned subsidiary of the company, has concluded a Rs 250 crore order for a claus package and an oxidiser package in the […]
Day: June 26, 2021
Inox Wind hits upper circuit for eighth straight day; up 62% post listing
Shares of Inox Wind Energy were locked in upper circuit for the eighth straight day, up 10 per cent at Rs 306.80 on the BSE on Friday. Since listing on June 11, 2021, the stock has rallied 62 per cent from its opening price level of Rs 188.95 on the BSE. The counter has seen […]
Renewable energy sector in India gets $70 bn investment in 7 years
Power Minister R K Singh has said that as much as USD 70 billion (about Rs 5.2 lakh crore) has been invested in renewable energy across the country in the past seven years. This assumes significance in view of India’s ambitious target of having 175 gigawatts (GW) of renewable energy by 2022. Singh was addressing […]
India’s coal-dominated power market is tilting toward solar
India’s largest power generator, NTPC Ltd., has long been a major player in coal-fired electricity. It’s right there in the name: Until 2005, it was known by its longform moniker, National Thermal Power Company. But it has lately stepped into the renewables business, as have many other major power and industrial players in India, with […]
Tamil Nadu power sector companies incurred Rs 13,000 Cr loss: CAG
Increased power purchase, coal handling, financing and employee costs has resulted in the five Tamil Nadu state power sector companies incurring a loss of about Rs 13,176 crore, said the Comptroller and Auditor General (CAG) in its report for 2018-19. According to the report tabled in the Assembly the Tamil Nadu Generation and Distribution Corporation […]
Helicopter carrying Colombia’s prez, senior officials attacked, all safe
Colombian President Ivn Duque said Friday that a helicopter carrying him and several senior officials came under fire in the southern Catatumbo region bordering Venezuela, in a rare instance of a direct attack on a presidential aircraft. Duque said everyone on board the helicopter was safe, including himself, Defense Minister Diego Molano, Interior Minister Daniel […]
Passenger traffic at Bengaluru Airport plummets by 66 percent in FY 2020-21
As the COVID-19 pandemic continues to affect the aviation sector, Kempegowda International Airport, Bengaluru on Friday informed that passenger traffic at Bengaluru airport has plummeted by 66 per cent in Financial Year 2020-21. In a tweet by the airport, it read, “#COVID19 has dealt a major blow to the #aviation industry, impacting passenger volumes and […]
Global shares near record on United States infrastructure bill
Asian shares rose on Friday and a gauge of global equities edged closer to record highs after U.S. President Joe Biden embraced a bipartisan Senate infrastructure deal, raising hopes for an extended rebound in the world’s largest economy. Investors have been looking to an infrastructure agreement to extend the U.S. recovery after massive fiscal stimulus […]