Infosys headcount up by 166% but electricity consumption by only 20% in one decade

Infosys Limited has said 44.3 per cent of total electricity across the company’s campuses in India was from renewable sources in 2019-2020. The Bengaluru-headquartered company said it limited its absolute increase in electricity consumption to 20 per cent, while the employee strength grew by 166 per cent over the last decade. According to the company’s […]

Adani Green bags Rs 45,000 cr solar project from SECI

Billionaire Gautam Adani’s renewable energy firm Adani Green Energy on Tuesday said it has won the world’s largest solar order to build 8 gigawatts of photovoltaic (PV) power plant along with a domestic solar panel manufacturing unit at an investment of Rs 45,000 crore. Under the offering of domestic manufacturing-lined solar projects from state-owned renewable […]

UP govt working to provide hassle-free power connection to industries, says minister

The Uttar Pradesh government is making new arrangements to facilitate providing power connection to industries, which will boost investment, Power Minister Shrikant Sharma said on Monday. “For encouraging industrial investment, new arrangements are being made to provide power connection to them. After application of a new power connection, an engineer will be deputed as executive […]

Adani Power appoints merchant banker to evaluate delisting proposal

Adani Power board on Wednesday appointed merchant banker Vivro Financial Services Pvt Ltd to evaluate the proposal to delist its equity shares from BSE and National Stock Exchange. The board in its meeting on Wednesday appointed Vivro Financial Services Private Limited, a Category-I Merchant Banker registered with the Securities and Exchange Board of India for […]

Maharashtra govt opposes amendment to Electricity Act

The Maharashtra government has opposed the proposed Electricity (Amendment) Bill, 2020, saying that it clearly violates the Constitutional mandate and undermines its federal structure. Maharashtra’s Energy Minister Dr Nitin Raut says the intent should be towards decentralisation of power for transparency and efficiency. Expressing his grave concern over the proposed amendments in the EA 2003, […]

India starts real-time power trade to help discoms manage demand

India’s two main power exchanges started real-time electricity trading Monday, a bid to allow buyers greater flexibility in balancing supply and demand. Auctions will be conducted every 30 minutes and deliveries will be made within an hour of the session end, Indian Energy Exchange Ltd., the country’s largest power trading platform, said in a statement. […]