MahaMetro Rail Corporation recently signed a power purchase agreement (PPA) with Delhi-based Ampin Energy Transition, a company engaged in renewable energy business. Ampin will be setting up a 6 MWp solar power plant at the premises of Nagpur Metro. The power generated through solar panels set up at metro stations and depots will be supplied […]
Day: January 20, 2024
India slashes power shortage to under 1 percent, aims for 65 percent renewable capacity by 2030: R. K. Singh
India has significantly reduced its power shortage from approximately 4.5 percent in 2014 to less than 1 percent, Union minister for power and new & renewable energy R. K. Singh said. Addressing the gathering at an industry event on January 18, 2024, in New Delhi, the minister stated that India is on track to achieve […]
Government clears CIL plan to pump Rs 5,607 crore into 2 thermal power projects
The Cabinet’s panel on economic affairs on Thursday approved equity investment of Rs 5,607 crore by Coal India Ltd subsidiaries in two thermal power projects — one each in Madhya Pradesh and Odisha — with a combined capacity of 2,260 megawatt to be built at an investment of Rs 21,547 crore capital expenditure. The investment […]
Nuclear energy players need to take 90% uranium price spike bill or shut plants
A product has just gone up in price by 90% in 12 months. It now costs more than it has in 16 years. Most people would think twice about diving into a market like that. Not so those who run a nuclear power plant and must have the product in question: uranium. Shutting the plant […]
How Mukesh Ambani & Family are navigating change at India’s biggest firm
As Reliance Industries Ltd. (RIL) announced its Q3 results today, it has finished a year of new possibilities. While 60% of the refining and petrochemicals giant’s FY23 revenue came from its traditional oil-to-chemicals (O2C) business, all eyes have been on its digital and retail business which have come to make up for the weakness in […]
Pasengers on IndiGo flight to Ayodhya sing Ram Aayenge. Check video here
In anticipation of the Ram Mandir ceremony, passengers on an IndiGo flight to Ayodhya were spotted singing “Ram Aayenge.” The quickly went viral on Instagram MyGov, the official page of the Government of India shared the clip of the momemt online. On this particular IndiGo flight, passengers joined together in singing “Ram Aayenge,” a devotional […]
Tata Power shares up 1.04% as Sensex rises
Shares of Tata Power Company Ltd. gained 1.04 per cent to Rs 349.1 in Friday’s session as of 01:03PM (IST) even as the equity benchmark Sensex traded 519.63 points higher at 71706.49. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs […]
Adani Power shares down 0.79% as Sensex rises
Shares of Adani Power Ltd. fell 0.79 per cent to Rs 520.5 in Friday’s session as of 01:13PM (IST) even as the equity benchmark Sensex traded 538.25 points higher at 71725.11. Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 589.3 […]
Air India crew member shot dead by bike-borne men in Noida in broad daylight
A crew member of Air India, aged 30, was fatally shot by unidentified bike-borne assailants near a high-end market in Noida on Friday, as per the police. The victim, identified as Suraj Mann, is believed to be involved in a gang rivalry, which could be the motive behind the murder. The incident occurred near the […]
Oil heads for weekly gain, supported by Middle East tensions
NEW YORK -Oil prices were little changed on Friday but headed for a weekly gain, as Middle East tensions and disruptions to oil output offset concerns about the global economy. Brent futures were up a cent to $79.11 a barrel at 11:41 a.m. (1641 GMT). U.S. West Texas Intermediate crude fell 9 cents to $73.99. […]
Air India’s first A350 with new liveries signals the next phase of transformation, says CEO Campbell Wilson
Campbell Wilson, CEO, Air India, says “this is the beginning of a new fleet, new on-board products, new entertainment systems. This is the first A350; but as we get the other six and then start refitting all of our existing wide-body aircraft, people will see it more frequently.” On Air India getting the first A350 […]
Oil drops slightly on China demand concerns but records weekly gain
NEW YORK -Oil prices settled slightly lower on Friday but recorded a weekly gain as Middle East tensions and disruptions to oil output offset concerns about the Chinese and global economies. Brent futures settled 54 cents lower at $78.56 a barrel. U.S. West Texas Intermediate crude fell 67 cents to settle at $73.41. For the […]