Adani group told investors that several top Japanese and European banks have reaffirmed confidence in the embattled conglomerate after it was pummeled by a US short seller’s critical report, a company document showed. Led by billionaire businessman Gautam Adani, the group’s seven listed stocks have lost about $120 billion in market value since a Jan. […]
Category: Power
Power
Larsen & Toubro bags contracts worth Rs 7,000 crore in Middle East
Construction major Larsen & Toubro (L&T) on Wednesday said it has bagged multiple contracts of worth more than Rs 7,000 crore in the Middle East region. The scope of work comprises engineering, procurement, construction and installation for various new offshore facilities and integration with existing installations, L&T said in a statement. L&T wins “mega” contracts […]
Generation of power more at RTPS, YTPS
The Raichur Thermal Plan Station (RTPS) and the Yaramarus Thermal Plan Station (YTPS) are generating electricity as per the increasing demand continuously. The power generation is 10% more this time when compared to the last year’s figures. In summer, the dependency on thermal power stations for electricity is more normal due to less power generation […]
India’s power output grows fastest in 33 years, fuelled by coal
India’s power generation grew at the fastest pace in over three decades in the just-ended fiscal year, a Reuters analysis of government data showed, fuelling a sharp surge in emissions as output from both coal-fired and renewable plants hit records. Intense summer heatwaves, a colder-than-usual winter in northern India and an economic recovery led to […]
Centre to issue tenders for 250 GW of new renewable capacity by March 2028
India will issue tenders for the installation of 250 gigawatts (GW) of green energy capacity by March 2028, according to a government memo released on Monday, as it looks to cut its emissions by 45 per cent from 2005 levels. After missing a target to install 175 GW in renewable energy capacity by 2022, India […]
Boon or blight? E-scooters around the world
The for-hire electric scooters that have become ubiquitous in Paris and other cities worldwide are under scrutiny in the French capital, where residents vote Sunday on whether to ban them. If Paris does outlaw the app-based devices that zoomed onto the city’s streets in 2018, it would become the biggest city to do so. AFP […]
Sebi probing some Adani offshore deals for possible rule violations
India’s market regulator is investigating possible violation of ‘related party’ transaction rules in the Adani Group’s dealings with at least three offshore entities that have links to the brother of the conglomerate’s founder, two people said. The three entities allegedly entered into several investment transactions with unlisted units of the ports-to-power conglomerate founded by billionaire […]
Free electricity, jobs for all unemployed if AAP forms government in Assam: Kejriwal
Delhi Chief Minister Arvind Kejriwal on Sunday promised free electricity and jobs for all youths in Assam if his Aam Aadmi Party (AAP) is voted to power in the Northeastern state. He also claimed the AAP government changed the face of Delhi in seven years, and that “nothing but dirty politics” took place in Assam, […]
Damodar Valley Corporation registers ‘highest’ power generation at 43.32 bn units in FY’23
Damodar Valley Corporation (DVC) achieved the “highest” power generation in its 75 years of existence, with a 6.5-per cent on-year rise in 2022-23 to 43.32 billion units, which mostly came from thermal sources, company officials said. It also registered a robust 29 per cent growth in power sales to Rs 24,432 crore in 2022-23 over […]
IISc’s new micro supercapacitor could power e-cars, medical devices
Researchers at the Department of Instrumentation and Applied Physics (IAP) in the Indian Institute of Science (IISc) have designed a tiny device capable of storing an enormous amount of electric charge. The novel ultra-micro supercapacitor is smaller and more compact than existing supercapacitors and can potentially be used in devices ranging from streetlights to consumer […]
Sebi imposes Rs 5 lakh fine on Videocon’s Venugopal Dhoot for disclosure lapses
Sebi on Friday imposed Rs 5 lakh fine on Videocon Group Founder Venugopal Dhoot for not making disclosures about his interest in Supreme Energy as well as for not disclosing that Quality Techno Advisors Pvt Ltd (QTAPL) and Credential Finance Ltd (CFL) were related parties with respect to certain transactions. The order came after Sebi […]
Global energy transition off track: IRENA
The global energy transition is off track as the ripple effects of the pandemic and Ukraine crisis have compounded challenges while the pledges and transition plans fall well below the 1.5 degrees Celsius pathway, the International Renewable Energy Agency (IRENA) said. In a preview of the forthcoming report ‘World Energy Transition Outlook 2023: 1.5 degrees […]