Bengaluru: Mobility firm Ola has expanded its leadership team with the appointment of two chief financial officers (CFO). G. R. Arun Kumar is now Group CFO for Ola as well as Ola Electric, while Swayam Saurabh has come in as CFO for Ola’s mobility, financial services and foods businesses. Arun Kumar has worked in consumer […]
Category: Power
Power
Adani Group firms’ stocks are underweight in actively managed mutual funds
Even as various Adani Group companies have soared in 2020 and 2021, their stocks are underweight in actively managed mutual funds compared with indices. Fund houses with the highest weights in Adani stocks hold them in index funds, where they have to replicate an index without any managerial discretion. Alternatively, fund houses hold such stocks […]
Scatec buys Acme unit’s stake
New Delhi: Attracted by India’ green economy, Norway’s Scatec has become an equal partner in Acme Solar Holdings Ltd for setting up a 900 megawatt (MW) solar project in Rajasthan. This sale from India’s largest pure-play solar platform comes in the backdrop of India’s low solar power tariffs and the global energy landscape’s focus on […]
This Adani group stock hits all-time high today. Experts give ‘buy’ tag
After breaking its all-time high of ₹1,351.55 (made on 19th May 2021) on yesterday, the Adani Enterprises share price continued its rally on Wednesday and scaled new peak of ₹1543.70 at NSE. According to stock market experts, this Adani group share is skyrocketing due to the rise in soya prices. They said that soya prices […]
RIL, Tata, Adani among those lining up to tap PLI scheme for Lithium Ion cells
NEW DELHI : Reliance Industries Ltd (RIL), Adani Group, Tata Chemicals, Larsen and Toubro Ltd (L&T), and a joint venture (JV) led by Japan’s Suzuki Motor Corp. are among companies who have shown interest in building lithium-ion cell manufacturing plants in India, said three people aware of the matter. The list includes some of India’s […]
Battery-operated vehicles to be exempted from RC issue, renewal fees in new govt proposal
The ministry of road transport and highways has issued a draft notification proposing to exempt battery operated vehicles (BOV) from payment of fee for issue or renewal of registration certificate(RC). The move is aimed to encourage electric mobility in the country. The ministry in a statement said that comments from general public and all stakeholders […]
Govt looks to waive registration certificate issuance fees for EVs
NEW DELHI : In a push for India’s pivot towards electric mobility, the central government plans to exempt battery-operated vehicles from paying fees for the issuance and renewal of registration certificates. This comes against the backdrop of the government’s focus shifting to electric mobility in view of India’s commitment to reducing its carbon footprint by […]
Suzlon Energy wins 252 MW wind power project
MUMBAI: Suzlon Energy Ltd on Tuesday said it has received an order for developing a 252 MW wind power project from CLP India. The company will install 120 units of S120-140 million wind turbine generators with a Hybrid Lattice Tubular (HLT) tower, with rated capacity of 2.1 MW each, Suzlon said in a notice to […]
Iran fails to explain uranium traces found at several undeclared sites: IAEA
VIENNA : Iran has failed to explain traces of uranium found at several undeclared sites, a report by the UN nuclear watchdog showed on Monday, possibly setting up a fresh diplomatic clash between Tehran and the West that could derail wider nuclear talks. Three months ago Britain, France and Germany scrapped a US-backed plan for […]
India plans ‘cyclone resilient’ power infrastructure in coastal areas
NEW DELHI: With cyclones hitting India’s eastern and western coast on a regular basis, the Union government is working on a plan to develop cyclone resilient power distribution and transmission infrastructure. This will ensure electricity to the coastal states, during these extreme weather events, people aware of the development said. As parts of this playbook […]
Power ministry transfers strategic power link to PGCIL
NEW DELHI: The union power ministry has transferred the 220 kV Srinagar-Drass-Kargil-Khaltsi-Leh transmission link to state run Power Grid Corporation of India Ltd. The 335-km-long strategic power link connects the Ladakh region to the national grid and is at a height of 3,000-4,000 meter. “It comprises of four new state-of-the-art 220/66 kV Gas Insulated Sub-stations […]
MG Motor ties up with Attero to recycle batteries of electric vehicles
NEW DELHI : MG Motor India Pvt. Ltd, one of the new entrants in the Indian car market, on Friday, announced collaboration with Attero, an electronic asset management company, to effectively recycle the lithium-ion batteries fitted in its present and upcoming electric vehicles. Last January, MG Motor launched the ZS electric sports utility vehicle as […]