Category: Power

The Tezpur University in Assam on Thursday said it is generating an average of nearly 90,000 kilowatt of electricity every month through solar power. The central university has so far generated 19,68,345 kW of energy from October 2018 to July 2020 by installing solar panels on the roofs of 15 buildings in the campus. “The […]

Yes Bank has exited CG Power & Industrial Solutions Ltd (CG Power) by selling its entire stake-holding in the company, the bank said on Wednesday. Yes Bank has sold 6,34,00,000 equity shares having nominal value of Rs 2 each, constituting 10.12 percent of the share capital of CG Power in various tranches, last being on […]

L&T Finance Ltd has divested its entire equity stake of 9.99 percent in CG Power and Industrial Solutions through open market transactions. L&T Finance has “sold (in open market) 6.26 crore shares of CG Power and Industrial Solutions Ltd, constituting 9.99 percent of the paid-up share capital of CG Power and Industrial Solutions Ltd,” a […]

Rajasthan Chief Minister Ashok Gehlot on Wednesday directed officials for quick redressal of people’s complaints regarding their power bills, according to a release. He also asked them to ensure uninterrupted power supply in cities and villages without tripping. Chairing a review meeting of the Power Department, the Chief Minister said complaints of consumers pertaining to […]

Indian shares settled higher on Monday, led by a surge in state-run power major NTPC Ltd , as Prime Minister Narendra Modi’s assurance on mass production of Covid-19 vaccines and more infrastructure spending by the government boosted investor sentiment. The NSE Nifty 50 index ended 0.61% higher at 11,247.10, while the S&P BSE Sensex rose […]

The Meghalaya Cabinet on Friday approved a proposal for Meghalaya Energy Corporation Ltd (MeECL) to avail a loan of up to Rs 1,345.72 crore towards clearing dues. The cabinet, however, set a few conditions for the approval, including bringing down the aggregate technical and commercial (AT&C) losses. The Meghalaya Power Distribution Corporation Ltd (MePDCL) has […]

The Union Ministry of Road Transport and Highways (MoRTH) has allowed registration of electric vehicles without pre-fitted batteries. “In a letter to transport secretaries of all the states and UTs, the ministry has clarified that vehicles without batteries can be sold and registered based on the type approval certificate issued by the testing agency,” said […]

The opposition Congress and Aam Aadmi Party in Goa have mocked the rebate announced by the state government for power consumers following complaints of inflated bills. Chief Minister Pramod Sawant on Tuesday announced a relief to power consumers in the form of a rebate worth Rs 18.3 crore. He said 50 per cent of the […]

Homegrown auto major Mahindra and Mahindra (M&M) is looking for strategic partners for its electric vehicles business in order to further scale it up, a top company official said on Friday. The auto major, which reported a 94 per cent decline in consolidated profit at Rs 54.64 crore for the June quarter, also said there […]

The domestic power transmission segment is expected to attract investments worth Rs 1.8 lakh crore in the next five years, according to a report by rating agency ICRA. It said evacuation infrastructure for renewable energy (RE) projects will drive investments in the power transmission segment. “ICRA expects an investment of Rs 1.8 trillion (Rs 1.8 […]

Billionaire Mukesh Ambani’s Reliance Industries Ltd has a 15-year vision to build itself as a new energy company that aims to recycle CO2, create value from plastic waste and has an optimal mix of clean and affordable energy, analysts said. While the oil-to-chemical conglomerate has in recent times seen a focus on the consumer business, […]

As much as Rs 68,000 crore worth of loans under Rs 90,000 liquidity package announced for the stressed power distribution utilities have been sanctioned so far which is expected to create buoyancy in the sector. Finance Minister Nirmala Sitharaman in May announced the Rs 90,000 crore liquidity infusion into cash-strapped discoms, facing demand slump due […]