Category: Power

Tesla has backed away from an ambitious plan for innovations in gigacasting, its pioneering manufacturing process, according to two sources familiar with the matter, in another sign that the electric-vehicle maker is retrenching amid falling sales and rising competition. Tesla has been a leader in gigacasting, a cutting-edge technique that uses huge presses with thousands […]

India’s power consumption rose around 11 per cent to 144.25 billion units (BU) in April as compared to the year-ago period, mainly due increase in temperatures. In April 2023, the power consumption stood at 130.08 BU, a government data showed. The highest supply in a day (peak power demand) also rose to 224.18 GW in […]

Tesla CEO Elon Musk, on Sunday, traveled to China on an unexpected journey. Ironically, a week before, he had cancelled a much-hyped trip to India citing “very heavy Tesla obligations”. Musk was scheduled to meet Prime Minister Narendra Modi and senior officials during his India visit. The cancellation came despite Musk confirming his India visit […]

Tesla plans hundreds of additional job cuts beyond a recent company-wide layoff as it cracks down on costs in a tough electric vehicle market, according to a US media report. Elon Musk’s EV company, which moved earlier this month to cut more than 10 percent of its 140,000 employes, will disband two departments and lay […]

Automakers in China are building a new generation of bigger, more technologically advanced and competitive electric cars, threatening to leap further ahead of their global rivals as they step up exports around the world. The dozens of car companies operating in China plan to put 71 new battery electric models on sale this year. Many […]

Indian Oil Corporation plans to invest ₹5,215 crore in building 1 gw of renewable energy capacity in the country. The state-run company said in a stock exchange filing on Tuesday that its board has approved the investment plan, which would involve setting up “standalone ground-mounted solar or standalone onshore wind or wind-solar hybrid projects” in […]

The Supreme Court on Monday rejected Infrastructure Company Larsen & Toubro’s Special Leave Petition (SLP) challenging the tendering process for the prestigious Sharavathi Pumped Storage project. “We are not inclined to entertain the Special Leave Petition under Article 136 of the Constitution of India,” the top court said.

Sterlite Power on Tuesday announced securing new orders worth Rs 2,500 crore during the quarter ended March 31. This takes the company’s cumulative order wins in FY24 to Rs 7,000 crore, up 35 per cent year-on-year (YoY) over FY23, Sterlite Power said in a statement. “Sterlite Power has capped off a successful fiscal year FY24 […]

The share price of Tata Power Company Ltd. gained 2.24 per cent to Rs 446.55 at 11:52AM (IST) in Monday’s trade. The counter has hit a high of Rs 447.65 and low of Rs 437.3 so far during the session. The stock had closed at Rs 436.75 in the previous session. The counter has had […]

Shares of Adani Power Ltd. traded 0.05 per cent higher in Monday’s session at 12:22PM (IST). The stock opened at Rs 599.9 and has touched an intraday high and low of Rs 599.95 and Rs 591.7, respectively, during the session so far. The stock quoted a 52-week high of Rs 647.0 and a 52-week low […]

Elon Musk’s quick visit to China paid immediate dividends, with Tesla Inc. receiving in-principle approval from government officials to deploy its driver-assistance system in the world’s biggest auto market. The US carmaker was granted the approval under certain conditions, according to a person with knowledge of the matter, who asked not to be identified because […]

New Delhi: A Memorandum of Understanding (MoU) was signed between the Ministry of Mines and Shakti Sustainable Energy Foundation, aimed at providing knowledge support in the field of critical minerals. Critical minerals are crucial for India’s economic development, national security, and low-carbon energy transition.