Shares of GAIL NSE -1.28 % (India) Ltd. fell 0.88 per cent to Rs 152.1 in Tuesday’s session as of 01:57PM (IST) even as the equity benchmark Sensex traded 63.6 points lower at 52671.99. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price […]
Day: June 30, 2021
PNC Infra Nomura’s preferred stock pick in road EPC space
Mumbai: Foreign brokerage Nomura said PNC Infratech NSE 6.71 % is its preferred pick in the road engineering, construction and procurement space due to a combination of strong execution, robust balance sheet and relatively inexpensive valuations. Retaining a buy recommendation, Nomura has lifted target price to Rs 385 from Rs 364 on stronger order inflow […]
CIL to replace diesel machinery with LNG; add 1500 EVs to reduce carbon footprint
In a bid to reduce carbon footprint, Coal India Ltd NSE 1.45 % (CIL) plans replacing it’s diesel run- heavy mining machinery with LNG- fired equipment and adding 1,500 electric vehicles to its fleet in the next five years. The measures are part of CIL’s five-year plan of carbon offset in different fields of its […]
Petrol and diesel prices unchanged; check rates in your city today
Petrol and diesel price today: After hitting fresh record highs on Tuesday, prices of petrol and diesel were unchanged across the country on Wednesday, June 30, 2021. The auto fuel prices had touched record highs on June 29, when petrol rose 35 paise per litre and diesel inched up 28 paise in the national capital. […]
NTPC mulls IPO of renewable energy arm to raise funds for green target
State-run NTPC NSE -0.89 % intends to list its arm NTPC Renewable Energy Ltd to raise funds for achieving its ambitious target of 60 GW installed renewable energy capacity by 2032, a top company official said. NTPC has become India’s first energy company to declare its energy compact goals as part of the UN High-level […]
Electric mobility startup DAO EV Tech partners with Avon for sourcing, manufacturing parts
Electric mobility start-up DAO EV Tech on Tuesday said it has partnered with bicycle maker Avon for sourcing and manufacturing of parts. Under the partnership, DAO EV Tech and Avon Cycles will further support each other in assembly, designing, supply network and marketing of each other’s products in their spheres of influence, the company said […]
MP energy minister on fuel price hike: ‘Riding bicycle healthy, keeps pollution away’
Madhya Pradesh Energy Minister Pradhuman Singh Tomar on Tuesday made a controversial statement regarding the surging fuel prices in the country, saying riding bicycles will keep us healthy and curb pollution. Talking to the media, Tomar said, “Who uses petrol and diesel? Do we go to the vegetable market by cycle? It will keep us […]
Government issues draft notification on ethanol blending in petrol
Paving the way for the transformation of the fossil fuel ecosystem in the country, the Ministry of Road Transport and Highways has issued a draft notification for facilitating use of a blend of 12 per cent and 15 per cent ethanol in gasoline as automotive fuels. Comments have been invited from stakeholders within a period […]
Reliance Industries on a hiring spree for its new clean energy business
Reliance Industries NSE 0.68 % has started setting up teams for its newly created clean energy business at a breakneck speed, appointing multiple chief executives officers and executive assistants (EAs) to the chairman’s office at top salaries, people aware of the development said. Executive search firms have been mandated to hire specialists in different segments […]
Renewable energy companies urge Andhra Pradesh high court to expedite hearing
Renewable energy companies, solar and wind, with Power Purchase Agreements (PPAs) with the state government, have urged the Andhra Pradesh high court to expedite the hearing on the batch of petitions filed challenging the single judge order. The companies told the high court that they have been facing financial troubles and are on the verge […]
An Express Investigation: Not politicians alone, ready perch for bureaucrats too in PSU boards
It’s not just politicians linked to the ruling BJP who have been made Independent Directors on the boards of Public Sector Undertakings. When it comes to patronage from the ruling establishment, officialdom isn’t far behind. Records obtained through the Right to Information Act and also investigated by The Indian Express show that at least 46 […]
KKR partners with Crossover Energy to develop clean energy projects
Buyout firm KKR & Co Inc said on Tuesday it would exclusively partner with renewable energy consultant Crossover Energy Partners to develop solar and wind power projects and energy storage systems in North America. Private equity firms are making a new investment push into clean energy after President Joe Biden’s administration recommitted the United States […]