Day: March 28, 2024

Japan’s Nissan Motor will invest in Renault’s electric vehicle (EV) unit Ampere even after its listing plans fell through, while also evaluating its partnership with Honda Motor to further build its global EV expansion. “We want to be a global (EV) player in the world,” Nissan CEO Makoto Uchida told reporters during a press briefing […]

Xiaomi Corp.’s $8 billion stock rally faces a key test when the Chinese smartphone giant unveils its first electric vehicle Thursday, as it attempts to muscle into an unfamiliar and intensely competitive market. It will start selling its SU7 series in China, the result of a $10 billion foray into the world’s largest EV market […]

New Delhi: India’s electric two wheeler (e2w) growth story has taken a turn. As the subsidy regime begins to unravel, OEMs now focus on launching cheaper models, with fewer features and a shorter range. From April 1, the purchase subsidy available on sale of e2w will be reduced further (second cut after the one done […]

Over the recent years, India has experienced a significant rise in environmental concerns, owing primarily to global warming, pollution, waste accumulation and climate change. Waste generation, in particular, has become a major issue, with India ranking at the forefront of waste-producing nations. The accumulated waste often finds its way into landfills and water bodies or […]

India can easily surpass the 500 GW renewable energy target before 2030, a senior official said on Wednesday. Ministry of New and Renewable Energy (MNRE) Additional Secretary Sudeep Jain said that India has the 4th largest installed capacity for renewable energy. “500 GW we will easily surpass ahead of time. We have been surpassing a […]

Adani Green Energy Limited (AGEL) on Wednesday commissioned a 180 MW solar power plant at Devikot in Jaisalmer, Rajasthan. The plant has a 25-year power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI). The 180 MW solar plant will produce approximately 540 million electricity units annually, powering over 1.1 lakh homes and […]

Sterlite Power and global investment firm GIC will set up a joint venture for developing and operating power transmission projects in India, a statement said on Wednesday. The joint venture (JV) will focus on developing and operating power transmission projects in the country. Private power transmission developer Sterlite Power will own the majority 51 per […]

New Delhi, State-owned engineering firm Bharat Heavy Electricals Ltd (BHEL) has received an order worth Rs 4,000 crore from Adani Power Limited for setting up the 1,600 MW Raigarh Phase-II Thermal Power Plant at Raigarh, Chhattisgarh. BHEL in a filing said that it received a Letter of Award on March 27, 2024, for the supply […]

Adani Power on Thursday said it consolidated different short-term loan facilities worth Rs 19,700 crore availed by the company’s six special purpose vehicles into a single long-term debt. The revised arrangement will help the company benefit from a uniform tenure and reduce effective interest rate, Adani Power said in a regulatory filing.