Kalpataru Projects International Limited (KPIL), formerly Kalpataru Power Transmission Limited, on Tuesday announced that it has received Letter of Intent (LoI) from Saudi Arabia’s energy major, Aramco, for carrying out EPC work for three packages of the third expansion phase of the Master Gas System Network (MGS‐3) in Saudi Arabia. The EPC scope covers laying […]
Category: Power
Power
Adani Group Ebitda in FY24 may top $9.5 bn
Adani Group’s Ebitda for this financial year is expected to cross $9.5 billion, its highest-ever, driven mainly by the infrastructure segment including cement, green energy, power and airports. The group’s Ebitda for calendar year 2023 was at $9.5 billion, a 63.6% year-on-year rise, a 37.8% growth compared with that in FY23 and 2.5 times that […]
Rays Power Infra bags 3 solar projects of 520MWp
Renewable energy solutions provider Rays Power Infra on Monday said it has secured three solar projects totalling 520MWp capacity from two big central public sector firms and one from a global developer. The combined order value for these projects underlines the company’s commitment to advancing sustainable energy solutions, a company statement said. According to the […]
Powergrid to raise Rs 1,200 cr via bonds
Power Grid Corporation of India (Powergrid) on Monday said its board has approved a proposal to raise up to Rs 1,200 crore by issuing bonds. “The Committee of Directors for Bonds approved the raising of bonds as unsecured, non-convertible, non-cumulative, redeemable, taxable Powergrid bonds – LXXVI (76th) issue up to Rs 1,200 crore,” the company […]
BHEL surges 13% on order hopes as PSU-peer NTPC gives nod for Rs 17,195.3 crore investment in Singrauli project
Shares of Bharat Heavy Electricals Limited (BHEL) experienced a significant boost, soaring by 12% on Monday, marking its most substantial single-day surge since September 1, 2021. The surge comes in the wake of another potentially sizable order in the pipeline. The rise in BHEL’s stock is attributed to the board approval of a substantial investment […]
BHEL issues clarification on media reports, says have not received any order from NTPC
Bharat Heavy Electricals Limited (BHEL) on Monday issued a clarification on media reports that stated the company board has approved an investment worth Rs 17,195.3 crore for the third phase of the Singrauli Super Thermal Power Project. “As of now, BHEL has not received any order from NTPC regarding the subject project,” the company said […]
Accelerating India’s shift to clean mobility
As the global community confronts the pressing issues arising from climate change, the automotive industry is undergoing a profound transformation towards cleaner and more sustainable transportation solutions. Within India, the discourse on the efficiency and viability of electric (EV) and hybrid vehicles has gained significant traction. Both technologies offer promises of environmental efficiency and long-term […]
EXPLAINER: Why Apple veered away from the EV highway
Apple abandoned its decade-long electric vehicle (EV) project last week, shifting its focus to the emerging generative artificial intelligence (GenAI) sector. Banasree Purkayastha looks at the roadblocks the iPhone maker faced in its dream car project and how AI is key for tech giants right now l Pulling the plug on Project Titan On February […]
PM Modi to lay foundation of NTPC projects worth Rs 30k cr tomorrow
Prime Minister Narendra Modi will lay the foundation of state-owned power giant NTPC’s various projects worth Rs 30,023 crore on Monday. The Prime Minister will dedicate to the nation and lay the foundation of a series of NTPC projects on March 4, 2024, signalling a significant leap towards sustainable development and economic growth, an NTPC […]
Unlocking solar potential: Understanding solar rooftops and installation process, follow these steps to register
The Cabinet on Thursday gave green light to the PM-Surya Ghar: Mufti Bijli Yojna rooftop solar scheme and allocated Rs 75,021 crore for the same. Under this initiative, households can receive a subsidy of up to Rs 78,000 for solar plant installation and enjoy 300 units of free electricity. Although a lot has been said […]
Torrent to supply power for crunch period during summer
Torrent Power Limited (TPL), integrated power utility of Torrent Group, has signed an agreement with NTPC to supply power from its Gas-based Power Plant during the forthcoming Summer’s crunch/high power demand periods from March 16, 2024 to June 30, 2024 period. According to a company release, TPL emerged successful under competitive bidding and received Letter […]
Adani Group to invest Rs 75 , 000 crore in Madhya Pradesh: Pranav Adani
The Adani Group will invest Rs 75,000 crore in Madhya Pradesh across various sectors such as cement, roads, energy and natural resources, a move that would generate more than 15,000 jobs. The group has been on an investment spree across various states in the country, mostly to develop infrastructure across sectors. The group will invest […]