IPO-bound Ola Electric clocked the highest monthly registration of over 35,000 units in February, as the company comfortably maintained its pole position in the EV (electric vehicle) two-wheeler segment, cornering a market share of 42 per cent. The SoftBank-backed company reported its highest-ever monthly registrations during the month and posted a year-on-year (Y-o-Y) growth of […]
Day: March 2, 2024
Servotech Power gets Rs 111 cr EV charger supply order from Indian oil
Green charging solutions provider Servotech Power Systems Ltd on Friday said it has bagged a Rs 111-crore order from Indian Oil Corporation and other original equipment manufacturers (OEMs) for the supply of 1,400 DC fast chargers. The company will manufacture, supply and install 1,400 DC chargers in two variants of 60 kW and 120 kW, […]
L&T gains nearly 4% on commissioning its first Hydrogen electrolyser
Shares of Larsen & Toubro (L&T) are up 3 per cent to Rs 3,600 on the BSE in Friday’s intra-day trade after the company commissioned its first indigenously manufactured electrolyser at the Green Hydrogen plant in Hazira, Gujarat. L&T Electrolysers, a newly incorporated entity of L&T, plans to leverage its upcoming gigascale facility in Hazira […]
BEE helps to reduce energy use by 3.5%, reduce carbon emissions: RK Singh
The programmes and initiatives of the Bureau of Energy Efficiency have helped the country to cut 3.5 per cent of energy consumption annually and reduce yearly carbon emissions by 306 million tonnes (MT), Union Minister RK Singh said on Friday. The minister made the remarks at the 22nd Foundation Day of the Bureau of Energy […]
Torrent Power soars 5% on bagging orders of Rs 3,140 cr; up 66% in 6 mths
Shares of Torrent Power soared 5 per cent on BSE to Rs 1,172 in Saturday’s special trading session after the company won power supply projects worth Rs 3,140 crore. All securities will trade with revised circuit limits of 5 per cent today. The stock of the power utility has surged 66 per cent in the […]
Torrent Power bids successfully to supply 388 MU power under govt scheme
Torrent Power has emerged as the successful bidder to supply 388 million units (MU) of electricity from its gas-based plant under a government scheme from March 16, 2024, to June 30, 2024, the company said on Friday. It has been awarded a contract by NTPC Vidyut Vyapar Nigam Limited (NVVN) under the government’s Crunch Period […]
Power use in Delhi rises 37%, total consumers up 52% in last 10 yrs: Report
Power consumption in the national capital rose nearly 37 per cent in the last decade from 25,593 Million Units (MUs) of electricity to 35,042 MUs, according to the Delhi Economic Survey report 2023-24 tabled in the Assembly on Friday. The report tabled in the assembly by Finance Minister Atishi, also revealed that the number of […]
Power consumption rises over 8% to 127.79 billion units in February
India’s power consumption grew over 8 per cent to 127.79 Billion Units (BU) in February as compared to the year-ago period, according to government data. In February 2023, power consumption stood at 118.29 BU, higher than 108.03 BU recorded in the same month a year ago, the data showed. There were 29 days in February […]
Govt amends rules to mandate gencos to give surplus power to exchanges
The government on Friday said that the rules related to surplus power and late payment surcharge have been amended to ensure adequate supply of electricity to consumers and meet the growing demand. The Government of India has amended the Electricity (Late Payment Surcharge and Related Matters) Rules of 2022 which will enhance the reliability of […]
Cabinet approves Rs 75,021 crore rooftop solar scheme for 10 mn households
The Union Cabinet on Thursday approved a rooftop solar scheme as ‘PM Surya Ghar: Muft Bijli Yojana’ to install rooftop solar panels across 10 million households with a total outlay of Rs 75,021 crore. The decision was made at the Cabinet meeting presided over by Prime Minister Narendra Modi. “Beneficiaries of the government’s rooftop solar […]
Delhi Airport set to reach 100 million capacity with new terminal
The Indira Gandhi International Airport is poised to significantly enhance its passenger handling capacity to over 100 million per year with the upcoming inauguration of Terminal 1, which is nearing completion, according to a report by Financial Express (FE). Currently, the airport’s three terminals collectively manage nearly 70 million passengers annually. Under phase 3A of […]
Go First resolution professional not able to maintain aircraft: Delhi HC
The Delhi High Court on Friday said that Go First’s Resolution Professional (RP) is unable to maintain the aircraft as per its records. Justice Tara Vitasta Ganju told the RP to tell the court on March 6 if they will hand over the maintenance of the aircraft in question to a third-party facility or the […]