As major automotive (auto) manufacturers line up electric cars for the Indian market, segment leader Tata Motors has decided to significantly slash the prices of its popular Nexon EV by Rs 31,000-85,000 amid intensifying competition. This move by Tata Motors comes a day after Mahindra & Mahindra (M&M) launched its much-awaited compact electric sport utility […]
Category: Power
Power
Tata launches Nexon EV MAX XM at Rs 16.49 lakh; to hit market by April 2023
Tata Motors has launched a new variant of the Nexon EV — Nexon EV MAX XM. The new model is priced at Rs 16.49 lakh (ex-showroom). The delivery of the new variant will start from April 2023. The new variant will come equipped with an electronic parking brake, automatic climate control, electronic stability program with […]
India among top 3 auto mkts in the world, yet faces shortage of EV buyers
India is now among the top three auto markets in the world. A feat indeed, but it’s being driven by internal combustion-engine cars even as global pressures force a pivot to cleaner electric vehicles. Over 4 million four-wheel vehicles were sold in India last year, surpassing Japan and coming in behind China and the US. […]
German Chancellor reaffirms goal of attaining climate neutrality by 2045
In a special address at the World Economic Forum Annual Meeting 2023, German Chancellor Olaf Scholz reaffirmed his country’s goal of attaining climate neutrality, or net-zero greenhouse gas emissions, by 2045. While the ongoing Russian invasion of Ukraine since February 2022 initially appeared to throw a spanner into German and European ambitions for the transition […]
Adani to give 10% discount to investors in India’s biggest follow-on offer
Gautam Adani’s flagship will offer large investors discounts of as much as 10% in India’s biggest follow-on share sale, according to people with knowledge of the matter, as the billionaire tries to woo a wider set of backers. Concessions to retail purchasers could be steeper, the people said, asking not to be identified as the […]
Adani Enterprises’ Rs 20,000 crore FPO to fund green capex, debt payback
Adani Enterprises (AEL), flagship company of ports-to-energy conglomerate Adani Group, will use the proceeds from its follow-on public offering (FPO) to invest Rs 11,000 crore in capital expenditure towards the green hydrogen and airport projects and another Rs 4,100 crore in retiring debt of road, airport, and solar projects, the company said in its prospectus. […]
Adani Enterprises sets price band of Rs 3,112-3,276 per share for FPO
Adani Enterprises (AEL) has set a price band of Rs 3,112-Rs 3,276 per share for its Rs 20,000-crore follow-on public offering (FPO). Shares of the company last closed at Rs 3,595 on the BSE. The floor price is set at a 13.4 per cent discount to the last close, while the top-end is close to […]
Adani Enterprises files for Rs 20,000-crore follow-on public offer
Richest Indian Gautam Adani-led group’s flagship firm on Wednesday filed an offer letter with stock exchanges for a proposed Rs 20,000 crore follow-on public offer (FPO). The FPO of Adani Enterprises Ltd (AEL) is planned to open on January 27 and close on January 31, according to the offer letter. Of the Rs 20,000 crore […]
Adani Green Energy arm to buy 50% equity in Essel Saurya Urja for Rs 15 cr
Adani Green Energy arm Adani Renewable Energy Holding Two Ltd will acquire 50 per cent equity in Essel Saurya Urja Company of Rajasthan Ltd from Essel Infraprojects for Rs 15 crore. Adani Renewable Energy Holding Two Ltd (ESUCRL) has entered into a binding term sheet with Essel Infraprojects Ltd on January 17, 2023 to this […]
Salasar Techno Engineering gets Rs 143 cr EPC contract from Nepal govt
Homegrown Salasar Techno Engineering Ltd (STEL) on Wednesday said it has secured a Rs 143 crore contract from the Nepal government. “The order is for procurement of materials, associated accessories and necessary installation services including design and commissioning of 33/11 KV substations and 33 KV, 11 KV, 400 V lines and distribution systems networks,” the […]
Profiles of water samples of Joshimath, NTPC project site different: NIH
The National Institute of Hydrology on Wednesday said the profiles of water samples taken from JP colony in Joshimath and NTPC project site are different. Citing a preliminary report of the National Institute of Hydrology (NIH) which studied the water samples of the two places, Secretary Disaster Management Ranjit Kumar Sinha said their profiles are […]
Joshimath land subsidence not linked to tunneling, claim NTPC officers
Officials of the National Thermal Power Corporation have claimed that the land subsidence in Joshimath is not linked to tuneling for the Tapovan project. Amid the locals blaming the tunnel for the cracks in their houses, NTPC Tapovan Chief General Manager Rajendra Prasad Ahirwar said that the tunnel is not passing through Joshimath, hence there […]