A joint venture of state-owned RVNL and private steel player Salasar Techno Engineering has bagged a transmission project worth around Rs 60 crore in central African nation Rwanda. The order has been secured from Energy Development Corporation Limited (EDCL) and to be executed in 18 months, Salasar Techno Engineering Limited (STEL) said in a statement […]
Category: Power
Power
Schneider Electric, Nvidia partner to optimise data centre infrastructure
Energy management and automation major Schneider Electric on Thursday said it has collaborated with NVIDIA to optimise data center infrastructure. Schneider Electric will leverage its expertise in data center infrastructure and NVIDIA’s advanced AI technologies to introduce the first publicly-available AI data center reference designs, according to a statement. These designs are set to redefine […]
Zetwerk bags order from Indian Oil to set up over 1,400 EV fast chargers
Manufacturing unicorn Zetwerk on Thursday said it has bagged the largest order from India Oil Corporation to set up over 1,400 fast chargers for electric vehicles across the country. Indian Oil has floated a tender for 6,000 chargers, in which 40 EV suppliers across the country participated. “Zetwerk has secured an order with Indian Oil […]
BS Manthan: India has long road ahead in green energy targets, say experts
India needs to find a balance between its plans to become a developed country by 2047, clean energy and the environment, said a panel of experts at Business Standard summit, Business Manthan, in New Delhi on Thursday. The panel that discussed fossil fuel, clean energy and India’s stance in climate talks comprised Vivek Dewangan, chairman […]
Ambani-Adani collaboration: RIL picks 26% stake in Adani Power project
In the first collaboration between rival billionaires, Mukesh Ambani’s Reliance Industries has picked up a 26 per cent stake in a Madhya Pradesh power project of Gautam Adani, and signed a pact to use the plants’ 500 MW of electricity for captive use. Reliance will pick up 5 crore equity shares in Mahan Energen Ltd, […]
Reliance picks up 26% stake in Adani’s Mahan Energen power project
In a first, the business houses run by Mukesh Ambani and Gautam Adani will enter into an investment agreement, by which Reliance Industries Ltd (RIL), controlled by Ambani, will pick up a minority stake in the latter’s Mahan Energen power project. On Thursday, two companies — Adani Power and RIL — informed the stock exchanges […]
Torrent Power gets order to supply 150 MW renewable energy for Rs 1,825 cr
Torrent Power on Thursday said it has received a letter of award from its ‘Distribution Unit’ for setting up a 150MW wind solar hybrid project with an investment of Rs 1,825 crore. The renewable energy project will supply power at a tariff of Rs 3.65 per kWh, a BSE filing stated. “…the company has received […]
PTC India gets shareholders’ nod to sell 100% stake in energy arm to ONGC
Power trading solutions provider PTC India on Thursday received shareholders approval for selling 100 per cent equity stake in its arm PTC Energy to state-owned ONGC Ltd for an enterprise value of Rs 2,021 crore. As much as 93.61 per cent of votes were in favour of the special resolution to approve the proposal for […]
NHPC inks agreement with Japan’s JBIC for around Rs 1,100 crore loan
State-owned hydropower giant NHPC on Thursday said it has inked a loan agreement of JPY 20 billion (around Rs 1,100 crore) with Japan Bank for International Cooperation (JBIC) for developing a 300 MW solar project in Bikaner, Rajasthan. This is the first kind of loan syndication by NHPC with JBIC for the financing of renewable […]
IREDA Board approves proposal of Rs 24,200 crore borrowing for FY25
State-owned Indian Renewable Energy Development Agency Ltd’s (IREDA) board on Thursday approved a proposal of Rs 24,200 crore borrowing for 2024-25. The borrowing includes fundraising through bonds, perpetual debt instruments (PDI), term loans, commercial papers, and external commercial borrowings (ECB), a regulatory filing said. According to the filing, the Board of Directors, in its meeting […]
Torrent Power up 7%, hits 52 week high on lower spot LNG prices
Shares of power generation company Torrent Power surged up to 7 per cent at Rs 1,512 on Wednesday’s intraday trade on BSE. However, giving up the early gains the stock was trading at Rs 1,440 up 2.28 per cent at 12:15 PM. In comparison the S&P BSE was up by 0.76 per cent. The stock […]
ABB India hits new high on strong outlook; surges 46% from Feb low
Shares of ABB India hit a new high of Rs 6,341, as they rallied 7 per cent on the BSE in Wednesday’s intra-day trade on strong business outlook. The stock of the heavy electrical equipment company is quoting higher for the seventh straight trading day, surging 17 per cent during this period. It bounced back […]