Category: Power

Tata Power Company announced that CRISIL has upgraded the long term rating on bank loan and debt facilities of the company from CRISIL AA; Positive to CRISIL AA+; Stable and has reaffirmed its CRISIL A1+ rating on the company’s commercial paper programme and short term facilities.

Tata Power Company said that CRISIL Ratings has upgraded its long term rating on the bank loan and debt facilities of the company to ‘CRISIL AA+/Stable’ from ‘CRISIL AA/Positive’. The agency has reaffirmed its ‘CRISIL A1+ rating on the companys commercial paper programme and short-term bank loans. CRISIL stated that the rating upgrade reflects the […]

Supplementing the efforts of the Indian government to achieve a net-zero emission target by 2070, as many as 51 per cent of the top-100 companies have started making disclosures on a voluntary basis about carbon emissions, says a PwC India survey. The survey further said that about 31 per cent of the respondent companies have […]

Sterling & Wilson Renewable Energy Limited (SWREL) has posted a net profit of Rs 1.40 crore during the quarter ended March 2024 on account of increased income. It had reported a net loss of Rs 421.11 crore in the January-March period of preceding 2022-23 financial year, the company said in an exchange filing on Saturday. […]

Tesla knocked USD 2,000 off the prices of three of its five models in the United States late Friday, another sign of the challenges facing the electric vehicle maker led by billionaire Elon Musk. The company cut the prices of the Model Y, a small SUV which is Tesla’s most popular model and the top-selling […]

On October 2, 2020, a Tesla fan club in India had asked Elon Musk on X (then Twitter) about the progress of the company’s entry into India. “Next year for sure,” Musk had replied. The official confirmation of his interest came just two months later when Road Transport and Highways Minister Nitin Gadkari announced that […]

JSW Energy on Saturday said that its arm JSW Neo Energy has received a letter of award from NTPC for setting up a 700 MW solar project. With the latest project win, JSW Energy’s total locked-in generation capacity has increased to 13.3 GW of which 3.1 GW is solar power, a BSE filing said. According […]

Ukraine launched a barrage of drones across Russia overnight, the Defence Ministry in Moscow said Saturday, in attacks that appeared to target the country’s energy infrastructure. Fifty drones were shot down by air defences over eight Russian regions, including 26 over the country’s western Belgorod region close to the Ukrainian border. Two people a woman […]

Shares of Sterling and Wilson Renewable Energy (SWREL) soared 10 per cent to Rs 616.90 on the BSE in Monday’s intra-day. This came after the company’s March quarter (Q4FY24) profit before tax (PBT) and profit after tax (PAT) turned positive after nearly 12 quarters. The company reported PAT of Rs 1 crore in Q4FY24, against […]

KP Energy on Monday posted a 60 per cent rise in its consolidated net profit at Rs 24.89 crore during the quarter ended March 2024 on account of increased income. It had reported a net profit of Rs 15.48 crore in the January-March period of preceding 2022-23 financial year, the company said in an exchange […]

Amara Raja Infra Pvt Ltd on Friday said it has secured a 700 MWp solar project from Greenko in Andhra Pradesh. With the latest win, the order book of Amara Raja Infra Private Limited (ARIPL) stands at Rs 1,516 crore at the end of FY24, the company said in a statement. “ARIPL has achieved a […]

The Uttar Pradesh (UP) government is looking to utilise water bodies for floating solar farms and generate almost 11,000 megawatt (Mw) of green energy. The latest move comes as UP is targeting 22,000 Mw of solar energy generation in 4-5 years. The water bodies including canals, dams, embankments, and reservoirs will be harnessed to set […]