After scooters, electric buses are India’s next big focus when it comes to accelerating the country’s slow shift to cleaner transport. Auto manufacturers are getting on board. Ashok Leyland Ltd., the flagship company of conglomerate Hinduja Group, broke ground last month on a manufacturing plant for electric commercial vehicles in the northern state of Uttar […]
Day: March 8, 2024
MG Motor to launch two cars in India this year, including an EV
MG Motor India is planning to launch two new cars in India in 2024, including an electric vehicle. The company will bring new products to the Indian market next year as well, ET Auto reported on March 7 quoting Gaurav Gupta, Deputy Managing Director, MG Motor India. This is part of an attempt by company […]
Transition to renewable energy could save Bengal Rs 62,000cr over next decade: Study
West Bengal can save a significant Rs 62,000 crore over a decade by transitioning from thermal power to embracing renewable energy sources, a study by think tank Climate Risk Horizons (CRH) said on Thursday. This transition could also play a pivotal role in helping India achieve its net zero emissions target, it said. “Rising costs […]
Suzlon bags 72.45 MW wind power project from Juniper Green Energy
Renewable energy solutions provider Suzlon Group on Thursday said it has secured a 72.45 MW wind power project from Juniper Green Energy Pvt Ltd. As part of the project, Suzlon will install 23 Wind Turbine Generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3.15 Megawatt (MW) each at the […]
India gets $3.8 billion FDI in solar sector in last three FYs: MoS Bhagwant Khuba
India has attracted a total of $3.8 billion in foreign direct investment (FDI) in the solar energy sector over the past three financial years and the current financial year until September 2023, according to Bhagwant Khuba, Minister of State for Ministry of New and Renewable Energy, and Chemicals and Fertilisers. Khuba highlighted that both domestic […]
Torrent Power bags 306 MW solar project worth Rs 1,540 cr
Torrent Power on Thursday said it has bagged a contract from Maharashtra State Electricity Distribution Co Ltd for setting up 306 MW solar projects worth Rs 1,540 crore under the PM-KUSUM Scheme. The company in a statement said that the Letter of Award (LOA) for the project was handed over by Maharashtra Deputy Chief Minister […]
Avaada Energy secures 1,140 MW agri solar projects in Maharashtra
New Delhi: Avaada Energy has secured decentralised agricultural solar projects totalling around 1,140 megawatts to be set up at an investment of Rs 5,000 crore. The company has received the Letter of Award (LoA) for the project from MSEB Solar Agro Power Limited (MSAPL), a state-owned enterprise of the Maharashtra government, Avaada Group said in […]
Applying for PM Surya Ghar Muft Bijli Yojana: Postal department starts registrations for solar rooftop scheme; Know details
The Department of Posts has started a registration campaign for the PM Surya Ghar: Muft Bijli Yojana. With the help of this program, up to one crore families in India can receive financial assistance for installing solar panels on their roofs PM Surya Ghar Muft Bijli Yojana: Step-by-step guide on how to get subsidy in […]
India’s fuel demand rises 5.7% YoY in February on strong factory output
India’s fuel consumption rose 5.7% year-on-year in February, government data showed on Thursday, helped by strong factory activity in the world’s third-biggest oil importer and consumer. Total consumption, a proxy for oil demand, totalled 19.72 million metric tons (4.98 million barrels per day) in February, up from 18.66 million tons last year, data from the […]
GAIL, ONGC to look at importing ethane at Shell’s Hazira terminal
State gas utility GAIL (India) Ltd and oil producer ONGC will explore possibility of using Shell’s import terminal at Hazira in Gujarat for importing ethane and other hydrocarbons to fuel their petrochemical ambitions. GAIL had in May last year signed a memorandum of understanding with Shell Energy India Pvt Ltd to explore opportunities in energy […]
GAIL, ONGC, and Shell join hands to explore opportunities for importing ethane
New Delhi: GAIL, ONGC, and Shell have joined hands to explore opportunities for the import of ethane. The three companies have signed a preliminary agreement with a focus on developing ethane import facilities at Shell’s LNG import terminal at Hazira in Gujarat, GAIL said in a statement.
Ujjwala Scheme: Govt extends Rs 300 LPG subsidy for beneficiaries for FY25
The government has announced the extension of the Rs 300 per LPG cylinder subsidy to poor women under the Ujjwala Yojana for the next fiscal starting April 1. The subsidy was increased from Rs 200 per cylinder last year. Union Minister Piyush Goyal stated that the Cabinet Committee on Economic Affairs (CCEA) has decided to […]