In a bid to tackle increased power demand during summer, Tangedco is all set to expand its transformer infrastructure across the state by upgrading existing transformers and also setting up new ones. The corporation chairman and managing director Rajesh Lakhoni held meetings with directors and chief engineers on Monday in this regard. A senior official […]
Day: January 30, 2024
Suzlon bags order for 642 MW wind power project from Evren
Renewable energy solutions provider Suzlon Group on Tuesday announced an order win for the supply of WTGs for a 642 MW wind power project from an Evren Company, ‘ABC Cleantech Private Limited (ACPL)’. Evren is a joint venture in India between Brookfield and Axis Energy. Suzlon will install 214 wind turbine generators (WTGs) with a […]
Saudi Aramco ordered to halt project to boost oil output capacity
Saudi Aramco said it had been asked by the government to stop raising its oil production capacity to 13 million barrels a day and maintain it at 12 million instead, raising questions about the kingdom’s views on future oil demand. The surprise move comes just months after the world’s biggest oil producer had said it […]
Rolls-Royce signs long-term deal with Hyderabad firm
British luxury car manufacturer Rolls-Royce on Monday announced its partnership with Hyderabad-based Azad Engineering by signing a long-term agreement to manufacture and supply complex components for defence aircraft engines. Through an official press release, Rolls-Royce revealed that strong collaboration has played a vital role in the company’s success in India. “The sourcing of complex components […]
Petronet LNG’s Q3 net profit jumps 46% to ₹1,191 crore, driven by higher throughput and operational efficiency
Petronet LNG Ltd reported a 46% surge in its net profit for the third quarter of fiscal year 2023-24, reaching ₹1,191 crore, bolstered by increased operational efficiency and higher LNG throughput at its Dahej terminal. The company’s Profit Before Tax (PBT) also showed a remarkable rise, reaching ₹1,597 crore in Q3. This performance indicates a […]
L&T Construction bags mega EPC order for establishing 1800MWac Solar Photovoltaic Plant in UAE
Larsen & Toubro on Tuesday announced that the renewable EPC arm of the company’s Power Transmission & Distribution business has been chosen as the turnkey Engineering, Procurement and Construction contractor to establish a 1800MWac Solar Photovoltaic Plant in Dubai, United Arab Emirates. The project, it added, is the sixth phase of the Mohammed bin Rashid […]
EV start-up Zero21 targets to deploy 100,000 electric three-wheelers in 5 years
EV start-up Zero21 targets to deploy 100,000 electric three-wheelers in 5 years Hyderabad-based Zero21 an electric vehicle start-up has launched Project Gagan, an initiative aimed at reshaping the landscape of autorickshaws in India. The initiative is targeting to deploy 100,000 e-autos as part of Project Gagan either through retrofitment or exchange to new electric autos […]
Boeing withdraws request for safety exemption amid quality control issue
Facing severe criticism after a door plug blew out on a 737 Max over Oregon this month, Boeing said on Monday that it is withdrawing a request for a safety exemption needed to certify a new model of the plane. The company asked federal regulators late last year to allow it to begin delivering its […]
BluSmart raises $25 million in mix of debt and equity from ResponsAbility
Electric vehicle (EV) ride-hailing platform BluSmart said Monday that it raised $25 million from Zurich-based climate finance firm ResponsAbility and will use the money to expand its EV charging infrastructure. The funding comprises 20 million in debt and $5 million of equity, BluSmart’s cofounder and chief executive Anmol Singh Jaggi told ET.
SpiceJet gets over Rs 900 cr funding; to focus on fleet upgradation, cost cutting measures
With more than Rs 900 crore funding coming in this month, SpiceJet will focus on upgradation of its fleet and cost-cutting measures, as the no-frills airline works on ways to come out of turbulent times. In an internal note to the senior staff on Monday, the airline said it now has a substantial bank balance […]
Mumbai-Ahmedabad HSR corridor: 28 seismometers to be installed for early earthquake warning
National High Speed Rail Corporation (NHSRCL) on Monday said twenty-eight seismometers will be installed for the Mumbai-Ahmedabad ‘bullet train’ corridor. In a release issued during the day, the NHSRCL said ‘Early Earthquake Detection System’ based on the Japanese Shinkansen technology will be installed to ensure the safety of passengers and critical infrastructure.
Delhi HC comes down heavily on SpiceJet, asks carrier to cough up $4 mn by Feb 15 on lessors’ plea
The Delhi High Court on Monday asked budget carrier SpiceJet to pay $4 million to its engine lessors Team France 01 SA and Sunbird France 02 SAS by February 15. Seeking more time for payment, the carrier said they could pay $1 million upfront and the balance in a staggered manner.