MUMBAI: Sajjan Jindal-promoted JSW Energy has given a binding offer to Anil Ambani led Reliance Power to acquire its wind power projects for a cash consideration of ₹130-135 crore, said people with knowledge of the matter. “Both the companies are in the advanced stage of negotiation, and the deal is likely to conclude this month,” […]
Day: March 22, 2024
Gensol Engineering commissions 10.6 MW rooftop solar project in MP
Gensol Engineering on Thursday announced the commissioning of a 10.6 megawatt rooftop solar project in Madhya Pradesh. The bi-facial solar project is located at Budhni textile unit of Trident Ltd in Madhya Pradesh. The plant equipped with close to 20,000 solar panels is expected to offset close 11,000 tonnes of carbon dioxide emissions annually, Gensol […]
Porter Buddy, A New AI Enabled Tool to Help Coolies, Travelers and Indian Railways , an IPR of Siddharth Gupta incubated by 3EA
In a landmark press conference held on March 19, 2024, in Mumbai, entrepreneur Siddharth Gupta along with strategic partner 3EA unveiled their latest venture, Porter Buddy, a revolutionary aggregator platform set to disrupt traditional and unorganized railway porter services. With an exclusive IPR in hand, copyright registration number L-144139/2024, Gupta’s startup aims to bridge the […]
RVNL rises on emerging as L-1 bidder for railway project
RVNL advanced 2.86% to Rs 246.05 after it emerged as the lowest bidder (L1) for a project awarded by South Eastern Railway to upgrade electric traction system for Rs 167.28 crore. The scope of entails design, supply, erection, testing and commissioning for upgradation of electric traction system from 1 x 25 KV to 2 x […]
Rail Vikas Nigam wins project of Rs 167 cr from South Eastern Railway
Rail Vikas Nigam emerges as the Lowest Bidder (L1) from SER HQ-ELECTRICAL/SOUTH EASTERN RAILWAY for Design, Supply, Erection, Testing and Commissioning for upgradation of Electric traction system from 1 x 25 KV to 2 x 25 KV traction system for Rajkharsawan -Nayagarh- Bolani section of Chakradharpur division of South Eastern Railway to meet 3000 MT […]
India’s coal import rises marginally to 212 MT in April-January period
The country registered a marginal rise of 1.65 per cent in coal imports to 212.24 Million Tonnes (MT) in the April-January period of the ongoing fiscal, over the year-ago period. India’s coal import was 208.78 MT in the corresponding period of the previous fiscal, according to data compiled by mjunction services ltd. mjunction services ltd […]
New FDTL rules: Have enough pilots, won’t cancel flights, says Akasa CEO
Akasa Air has enough pilots to prevent any cancellations during the summer schedule even as the new pilot duty time rules come into effect from June this year, the airline’s chief executive officer (CEO) Vinay Dube said on Thursday. “We have got almost 700 pilots, which means that at Akasa, we plan for the future. […]
Schneider Electric invests Rs 100 cr in new cooling factory in Bengaluru
Schneider Electric, a global player in energy management and automation, has invested Rs 100 crore in a new cooling factory in Bengaluru, officially launched on Thursday. The company has also earmarked an investment of Rs 3,200 crore in India by 2026 to expand its presence across the country. The cooling factory in Bengaluru, spanning about […]
M&M, Adani Total Energies join to set up EV charging infra across India
Mahindra & Mahindra on Thursday said it has tied up with a unit of Adani Total Gas to establish electric vehicle charging infrastructure across the country. The auto major and Adani Total Energies E-Mobility Ltd (ATEL) have inked a memorandum of understanding (MoU) in this regard. The MoU sets a roadmap for the creation of […]
Shares of NTPC surge nearly 4% on NCD issue worth Rs 1500 cr
Shares of NTPC, (formerly known as National Thermal Power Corporation), zoomed nearly 4 per cent in Thursday intraday trade. The Indian public sector undertaking is engaged in the generation of electricity and other activities. The stock of the power PSU was trading 3.65 per cent higher at Rs 324.75 intraday. The NTPC share had hit […]
Tata Cummins starts new facility for hydrogen-based engines in Jamshedpur
Tata Cummins Private Limited (TCPL) has inaugurated a factory in Jamshedpur, Jharkhand which will produce hydrogen-based internal combustion engines for medium and heavy commercial vehicles. Spread in about seven acres, the factory was opened within a year of signing of the Memorandum of Understanding (MoU) with the Jharkhand government. Apart from the engines, the factory […]
Leaders of over 30 nations meet in Brussels to promote nuclear energy
In the shadows of a massive monument glorifying nuclear energy, over 30 leaders and delegations from around the world are backing the idea to use the controversial source to help achieve the goal of a climate-neutral globe while giving more countries an added sense of economic and security independence. Such a summit would have been […]