Chennai: Just two months after it acquired the Wistron India plant at Malur near Kolar at Karnataka, home-grown Tata Electronics Pvt Ltd, is set to pitch over Rs 7,000 crore for the expansion of its Hosur plant, which will include setting up a unit to assemble iPhones, sources familiar with the development told DH. The […]
Category: Power
Power
Suzlon bags 225 MW wind energy project from Everrenew Energy
New Delhi: Renewable energy solutions provider Suzlon Group has secured a new 225 MW wind energy order from Everrenew Energy. Suzlon will install 75 wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3 MW each at Everrenew Energy’s sites at Vengaimandalam, Trichy district and Ottapidaram, Tuticorin district […]
Power Finance Corp commits Rs 25,000 cr for power sector projects in Gujarat
New Delhi: State-owned Power Finance Corporation has inked an initial pact with the Gujarat government to provide comprehensive financial backing for the state’s generation, transmission, and distribution projects. PFC signed an MoU with the government of Gujarat on January 3, 2024, according to a company statement issued on Wednesday. The MoU was signed by Parminder […]
Tesla delivers record Q4 cars, but China’s BYD steals top EV spot
Tesla delivered a record number of electric vehicles (EV) in the fourth quarter, beating market estimates and meeting its 2023 target, but lost its spot as the top EV maker by sales to China’s BYD. Tesla delivered 484,507 EVs in the October-to-December period, falling short of the 526,409 vehicles that Warren Buffett-backed BYD handed over […]
Vietnam’s VinFast to set up EV battery plant in India
Chennai/Hanoi: Vietnamese electric vehicle maker VinFast is set to open its first Indian manufacturing facility, where it will make batteries, in the southern state of Tamil Nadu, three people familiar with the matter said. The company will make batteries for EVs at the plant in the city of Thoothukudi, one of the people said, adding […]
Truth has prevailed: Gautam Adani hails Supreme Court verdict in Hindenburg case
New Delhi: Billionaire Gautam Adani reacting to the Supreme Court judgment on allegations levelled by a US short-seller against his conglomerate, said on Wednesday that truth has prevailed and his group would continue to contribute to India’s growth story. The Supreme Court on Wednesday ruled that there was no ground to order an investigation by […]
Adani group stocks in heavy demand; Adani Energy zooms nearly 18%, NDTV jumps over 11%
New Delhi: Shares of Adani group of companies jumped in morning trade on Wednesday, defying a weak trend in the broader equity market, after the Supreme Court ruling that there was no ground to order an investigation by a SIT or other probe agency into allegations against the group. The Supreme Court on Wednesday said […]
China auto giant BYD sells more electric vehicles than ever
Seoul: The Chinese corporate giant BYD said Monday that it sold 3 million battery-powered cars in 2023, its most ever, capping a turbulent year for China’s electric vehicle industry. Even as sales surged, heavy competition and a sustained price war took a financial toll on many automakers. But BYD last year sold 1.6 million fully […]
Adani-Hindenburg row: Supreme Court to deliver orders on additional directions to SEBI today
New Delhi: The Supreme Court is scheduled to pronounce its orders on Wednesday on additional directions to the SEBI which probed the Adani-Hindenburg controversy. A bench of Chief Justice of India D Y Chandrachud and Justices J B Pardiwala and Manoj Misra had on November 24, 2023 reserved its order on PILs filed by advocate […]
Bengaluru’s power cuts drop by 15%: Data
Bengaluru: The city’s power cuts dropped close to 15%, compared to 2022, despite shortage and surging demand. Data accessed by DH has revealed that Bengaluru has seen 554.8 hours of power interruption till October 2023, while disruption during the same period last year was 652.5 hours. A few other power cuts have been less than […]
Bescom takes proactive steps
Bengaluru: To ensure there are no electrical mishaps during the New Year celebrations, Bescom inspected the electrical infrastructure in areas that receive heavy footfall. According to a statement by Bescom, precautionary measures were taken at MG Road, Brigade Road, Church Street, and Residency Road. “All electrical equipment has been tested to ensure they are safe. […]
Electric vehicles witness record registrations in 2023
The past year saw bumper sales of electric vehicles in India as their registrations amounted to 15,29,614 units, up 49% from 10,25,123 EVs registered in the previous year, according to data on Vahan, the Centre’s vehicle registration portal. Two-wheeler sales continued to drive a majority of registrations at 8,59,198 units. However, a larger growth in […]