Two firms based in Delhi will invest Rs 295 crore in Chhattisgarh for setting up nutritional supplements, fortified rice, ethanol and power units. The Chhattisgarh government has signed memorandums of understanding (MoUs) with both the companies — Unity Industries Private Limited and Suruchi Foods Private Limited — for setting up the plants. Both the proposals […]
Category: Power
Power
Fitch downgrades Azure Power Energy’s rating on governance concerns
Fitch Ratings has downgraded Azure Power Energy’s (Azure RG3) US dollar bond from ‘BB+’ to ‘BB’ on corporate governance concerns it said is evident from the company’s failure to manage regulatory financial disclosures past statutory timeline. It also cut rating on Azure Power Solar Energy’s (Azure RG2) US dollar bond from ‘BB’ to ‘BB-‘ (RG […]
WEF 2023: ReNew Power explores green hydro project in India, Egypt
India’s ReNew Power, a unit of New York-listed ReNew Energy Global Plc is studying opportunities to expand into green hydrogen in India, Egypt and elsewhere, its chairman and CEO said on Monday. The firm, which now generates nearly 1.8% of India’s total electricity annually, has a total capacity of 13 Gigawatts (GW) of wind and […]
Greaves Cotton to expand electric 2-wheeler portfolio to build market share
Greaves Cotton Ltd plans to bring electric two-wheelers both in the mass and premium segments going forward as it looks to enhance market share in the domestic market, according to the company’s Executive Vice Chairman Nagesh Basavanhalli. The company, which is showcasing its new Ampere Primus high-speed B2C e-scooter along with five new product concepts, […]
Domestic auto industry scaling up efforts to make electric parts locally
The domestic automobile industry is scaling up efforts to enhance localisation of electronic components in order to curtail dependence on other countries, especially China, as per auto component industry body President Sunjay Kapur. In an interaction with PTI, Kapur noted that the Automotive Component Manufacturers Association of India (ACMA), Society of Indian Automobile Manufacturers (SIAM) […]
South Korean electric vehicle battery players eye global top spot
Rain had wetted much of the clay soil on the ground — rich terracotta earth colours — creating small and large puddles everywhere around a gigantic steel structure, densely embedded with millions of steel beams. Yet it was another busy day for many of the 800 engineers and construction workers, who had turned up for […]
Russian strikes will cause emergency power cuts across country: Ukraine
Ukraine Energy Minister Herman Halushchenko on Saturday said damage to power infrastructure from a wave of Russian missile strikes would lead to emergency power outages in most regions across the country. “Today, the enemy attacked the country’s power generation facilities and power grids again,” Halushchenko said on Facebook, according to CNN. “There are attacks in […]
ReNew setting up solar cell units at Rs 2,000 cr investment in Raj, Guj
ReNew Power is investing Rs 2,000 crore to set up solar cell and module manufacturing units in Gujarat and Rajasthan, its Chairman Sumant Sinha said. The company is also exploring investment opportunities in Uttar Pradesh to expand presence in the country, Sinha, who is also the founder and CEO of ReNew, told PTI. The country […]
NTPC’s hydel project not linked to ‘sinking’ Joshimath, says PowerMin
As the crisis worsens in Joshimath, with residents being relocated in the aftermath of rapid land subsidence, claims and counterclaims are flying thick and fast. Two key infrastructure projects are being blamed for the havoc in Joshimath — NTPC Tapovan Vishnugad Hydro Electric Project (HEP) and the Char Dham national highway project. The Union power […]
Joshimath Bachao Sangharsh Samiti blames NTPC for land subsidence
The Joshimath Bachao Sangharsh Samiti (JBSS) has blamed the NTPC for the land subsidence here in this Uttarakhand town. Atul Sati, president of JBSS, blamed NTPC’s Tapovan Vishnugad Hydropower Plant project for the subsidence. The JBSS has said that people continue to be in a state of panic after hundreds of houses, shops and other […]
RattanIndia Enterprises acquires 100% shareholding in EV maker Revolt Motor
RattanIndia Enterprises Ltd on Saturday said it has completed the acquisition of Revolt Motors which is into manufacturing of electric vehicles. Now Revolt Motors has become a 100 per cent subsidiary of RattanIndia Enterprises Ltd, the company said in a statement. “RattanIndia Enterprises Limited has completed acquisition of 100 per cent shareholding in the electric […]
Joshimath crisis: NTPC faces opposition as locals demand their exit
The local residents have organised a front against the NTPC in Joshimath, by putting up posters demanding their exit from the holy city. Meanwhile, cracks have also appeared on the platform of the Auli ropeway. The locals consider the National Thermal Power Corporation (NTPC) responsible for the the constant threat of landslides being faced by […]