Tata Power Solar Systems Limited (TPSSL), a wholly-owned subsidiary of Tata Power Renewable Energy Limited (TPREL), on Tuesday announced that it has successfully commissioned the country’s largest Solar and Battery Energy Storage Systems (BESS) project that comprises 100 MW Solar PV Project coupled with 120 MWh Utility Scale Battery Energy Storage System (BESS), at Rajnandgaon […]
Day: March 12, 2024
PM to flag off two new Vande Bharat Express trains from Visakhapatnam today
Prime Minister Narendra Modi will flag off two more Vande Bharat Express trains from Andhra Pradesh’s Visakhapatnam via video conferencing on Tuesday (March 12). The two new trains will operate between Visakhapatnam-Puri and Visakhapatnam-Secunderabad. With this, the total number of Vande Bharat Express trains operational from Visakhapatnam will be three. During the occasion, PM Modi […]
Saudi Arabia’s Aramco hikes dividend 30% to $98 bn despite drop in profit
Saudi Arabia’s state-owned oil giant Aramco boosted its dividend despite net profit falling 24.7% to $121.3 billion in 2023 on lower oil prices and volumes, showing the state’s continued reliance on oil revenue as it seeks to diversify. The profit, down from $161.1 billion in 2022, was still the company’s second-highest on record, Aramco said […]
AG&P Pratham, Think Gas Distribution to begin $1.1 billion merger
I-Squared Capital-backed city gas distribution companies in India, AG&P Pratham and Think Gas Distribution, are on the verge of merging, according to a report by the Economic Times (ET). This move is valued at over $1.1 billion and aims to consolidate its market presence and enhance competitiveness against industry rivals. The merger, structured as a […]
Rs 5K cr set aside for green hydrogen production in Uttar Pradesh
The Uttar Pradesh (UP) government has earmarked an incentive and financial support package of Rs 5,000 crore to catalyse the production of green hydrogen for industrial, petrochemical, and transportation sectors. In its UP Green Hydrogen Policy 2024, the state is aiming to produce 1 million tonne (mt) of green hydrogen annually, which would create about […]
CIL, Vedanta, Adani eye lithium mining rights in Chhattisgarh’s Korba
Several companies, such as Coal India, Vedanta Limited, Adani Group, and Jindal, have expressed interest in survey and excavation of the lithium mine discovered in Chhattisgarh’s Korba district, a senior mining department official said. In February 2023, the Geological Survey of India (GSI) discovered lithium in the Katghora tehsil. According to a preliminary report, lithium […]
CM Sarma unveils infrastructure projects worth Rs 1,700 crore in Assam
Assam Chief Minister Himanta Biswa Sarma on Sunday launched various infrastructure development projects worth nearly Rs 1,700 crore in Sonitpur and Baksa districts, including a 50-MW solar power plant. Unveiling the projects as part of the ongoing ‘Vikas Yatra’, Sarma said these will improve the entire region’s education, health and energy infrastructure. In Sonitpur, he […]
Rajasthan govt signs 5 MoUs worth Rs 1.60 trn to boost energy sector
In a step towards making Rajasthan self-reliant in energy sector, the Rajasthan government signed 5 MOUs worth Rs 1.60 lakh crore to boost energy production, strengthen the energy transmission system in the state and establish new projects for the production of thermal and renewable energy. “Today, 5 MoUs and one MoU has been signed in […]
Discoms’ power cost, debt rose with rising demand in FY23: Govt report
As power demand touched record levels during the last financial year, the cost of electricity for the power distribution companies (discoms) escalated, and so did their debt for meeting their working capital needs. Power demand grew at 8.9 per cent between financial year (FY) 2021 and 2023, as against 4.3 per cent between FY14 and […]
Adani Green operationalises 1,000 Mw of solar projects at Khavda in Gujarat
Adani Green Energy Limited (AGEL) operationalised a total of 1,000 Mw of solar energy capacity at the world’s largest renewable energy (RE) park at Khavda in Gujarat, the company said in a BSE filing. With this, AGEL has achieved operational capacity of 9,478 Mw and continues its journey to the stated goal of 45,000 Mw […]
Torrent Power surges 13% on winning 306 MW solar power project
Shares of Torrent Power hit a new high of Rs 1,288.45, rallying nearly 13 per cent on the BSE in Monday’s intraday trade, after the company was awarded a 306 MW solar project in Maharashtra. At 10:16 am, the stock of the integrated power utilities company was quoting 12 per cent higher at Rs 1,283, […]
First batch of Indian military personnel manning helicopter leaves Maldives
The first batch of Indian military personnel stationed in the Maldives manning a helicopter gifted by India have departed from the island nation after handing over the operations of the chopper to an Indian civilian crew, the Maldivian media reported on Monday. A media official for the Maldives National Defence Force (MNDF) told the media […]