Category: Power

New Delhi: The finance ministry has questioned the rationale behind a proposal mooting continuation of subsidy for electric vehicles in the country under Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme beyond the current fiscal year. According to officials aware of the development, the ministry has pointed out that major electric two-wheeler makers (the […]

The global corporate funding in energy storage segment fell 31 per cent to USD 15.2 billion during the January-September 2023, the US-based Mercom Capital said on Thursday. The segment had attracted USD 22 billion worth of investments during the nine month period last year, the research firm said in its latest report. “Corporate funding in […]

Adani Green Energy, the renewables firm of Indian billionaire Gautam Adani, is in talks with a group of foreign lenders to borrow as much as $1.8 billion, according to people familiar with the matter. The loan proceeds will be used to build new capacity in solar and wind projects, said the people, who asked not […]

New Delhi: India is looking at potentially taxing high-carbon goods locally, and then using the proceeds to support its green energy transition, to avoid the European Union’s carbon tax on imports, the country’s trade minister said on Thursday. The EU’s plan to impose a carbon levy from 2026 on high-carbon goods such as steel and […]

Adani Power has rekindled its desire to acquire bankrupt Lanco Amarkantak Power after backing out of the race last December. This week the company submitted a revised, improved offer of ₹3,650 crore to lenders versus the ₹2,950 crore proposal it made in December, said two people aware of the development. The thermal power company’s lenders […]

US automaker Tesla delivered 72,115 China-made electric vehicles in October, down 2.6% from a month earlier, the China Passenger Car Association (CPCA) said on Thursday. Sales of China-made Model 3 and Model Y cars edged up 0.6% from a year earlier.

The country’s power consumption grew nearly 22 per cent to 138.94 billion units (BU) in October, showing a surge in electricity demand due to festivities and increased economic activities. In the year-ago period, power consumption stood at 113.94 BU, higher than 112.79 billion units recorded in October 2021, according to government data.

Rural Electrification Corporation (REC) Ltd, a public sector enterprise under the Ministry of Power, plans to raise $300 million to $500 million in yen-denominated green bonds to fund its green loan portfolio, a senior company official said on Wednesday. “We plan to start roadshows in the second half of November to raise $300-500 million. The […]

Shares of Tata Power Company Ltd. traded 1.75 per cent up at Rs 241.05 at around 11:36AM (IST) on Thursday. The stock had closed at Rs 236.9 in the previous session. Equity benchmark Sensex traded 384.48 points higher at 63975.81 around the same time.

State-owned REC Ltd on Wednesday posted a nearly 39% rise in its consolidated net profit to Rs 3,789.90 crore in the September quarter compared to the year-ago period mainly on the back of higher revenues. Consolidated net profit stood at Rs 2,732.12 crore in the quarter ended on September 30, 2022, a BSE filing showed. […]

In the dynamic world of stock trading, indicators play a vital role in helping investors make informed decisions. One of the most significant indicators, the 200-day Simple Moving Average (SMA), is closely watched by investors as it can indicate the long-term trend of a stock. On October 31, several major stocks achieved a remarkable milestone […]

New Delhi: Vibrant Energy on Wednesday announced it will set up a 198-megawatt (MW) wind farm project for e-commerce major Amazon in Maharashtra. A power purchase agreement (PPA) has been signed with Amazon in this regard, Vibrant said a statement. It is the third PPA with Amazon, the company said.