The Union Cabinet is expected to give approval for the development of two new Delhi Metro corridors on Wednesday. The corridors will connect Lajpat Nagar to G Block in Saket and Inderlok to Indraprastha, with a combined length of approximately 20 km. The announcement comes just days before the dates for the Lok Sabha elections […]
Day: March 13, 2024
BluSmart appoints Google’s Aditi Shukla as president of corporate development
Electric vehicle ride-hailing company BluSmart Mobility has appointed Aditi Shukla as president of corporate development. Shukla was leading strategic partnerships at Google (India) prior to this appointment. At BluSmart, she will lead strategic initiatives across fundraising and strategic partnerships, and will work closely with the startup’s cofounders on growth opportunities. BluSmart also has an EV […]
Ola Electric plans e-autorickshaw launch ahead of IPO
Ola Electric has finalised plans to launch an electric autorickshaw meant to be sold directly to consumers, people aware of the matter said. The vehicle is likely to be called Raahi and the company is expected to unveil it later this month, they added. The vehicle will compete with the likes of Mahindra Treo, Piaggio […]
Lohum raises USD 54 million to fuel its market expansion
New Delhi: Lithium-ion battery pack maker and recycling firm Lohum on Wednesday said it has secured USD 54 million (Rs 450 crore) in a funding round from a bunch of investors. The investors who participated in the series B funding round of capital infusion include Singularity Ventures, Baring Private Equity, Cactus Venture Partners & Venture […]
Tata Power Solar Systems commissions 100 solar project with 120 MWh battery storage
Tata Power Solar Systems (TPSSL) on Tuesday said it has commissioned 100 MW solar PV project, coupled with 120 MWh utility scale battery energy storage systems (BESS), at Rajnandgaon in Chhattisgarh. TPSSL bagged the Rs 945-crore project on EPC (engineering procurement construction) basis from the Solar Energy Corporation of India Ltd (SECI) in December 2021, […]
Tata Power Solar completes India’s largest solar-BESS project in Chhattisgarh
Tata Power Solar Systems Limited (TPSSL), a subsidiary of Tata Power Renewable Energy Limited (TPREL), completed India’s largest Solar and Battery Energy Storage Systems (BESS) project at Rajnandgaon in Chhattisgarh. It comprises a 100 MW Solar PV Project and a 120 MWh Utility Scale Battery Energy Storage System (BESS). TPSSL secured the Rs 945 crore […]
Rooftop solar plants to be installed in 645 Delhi govt, MCD buildings, will create 50 MW capacity
New Delhi: Under the Delhi government’s solar policy 50 megawatt (MW) grid-connected rooftop systems will be installed on 645 buildings of different departments and the Municipal Corporation of Delhi (MCD). Delhi Power Minister Atishi, who has approved the solar plant installation initiative, said the move is aligned with the recently approved solar policy of the […]
Reliance’s fuel supply to Europe avoids Red Sea: Sources
Most of the tankers loaded with fuel from Reliance Industries refineries in western India are sailing via the Cape of Good Hope to avoid the Red Sea due to the heightened risk of attacks by Yemen’s Houthi group, according to shipping sources and ship tracking data. Globally fuel producers are avoiding the Red Sea and […]
US trying to help India get lower prices for Russian oil, Joe Biden envoy says
The United States is trying to help India negotiate lower prices for Russian oil as it deepens sanctions on tankers carrying the petroleum above Western price caps, President Joe Biden’s energy envoy said on Tuesday. Washington imposed sanctions late last month on Russia’s leading tanker group Sovcomflot on the two-year anniversary of Moscow’s full scale […]
Delay in DIPAM nod holds up Indian Oil’s Mercator buyout
Indian Oil Corp (IOCL), the country’s biggest fuel retailer, is yet to secure state approval to complete the the acquisition of oil and gas company Mercator Petroleum more than four months after the National Company Law Tribunal allowed the sale of the distressed asset. IOC is awaiting the go-ahead from the Department of Investment and […]
MSIL would have faced capacity hurdle without rail infra: Executive
Maruti Suzuki India (MSIL) would have faced a capacity bottleneck had a rail infrastructure not been put up at its Hansalpur plant in Gujarat, said Rahul Bharti, executive officer (corporate affairs). Prime Minister Narendra Modi inaugurated by video-conferencing on Monday India’s first in-plant automobile railway siding at the Hansalpur plant. The siding will allow MSIL […]
PM inaugurates Marathwada Rail Coach Factory, launches various projects
Prime Minister Narendra Modi on Tuesday dedicated to the nation the Marathwada Rail Coach Factory and launched various other railway projects in Maharashtra, officials said. As part of launch of the projects via video conference from Ahmedabad in Gujarat, he also inaugurated five Jan Aushadi Kendras (for affordable and quality generic medicines) at the Lokmanya […]