State-owned Bharat Heavy Electricals Ltd (BHEL) said that it has won a prestigious order for the Electro-Mechanical (E&M) works of the country’s largest capacity hydropower project of 2,880 MW Dibang Multipurpose Project in Arunachal Pradesh. The order for the 12×240 MW project located in Roing in the Lower Dibang Valley district of Arunachal Pradesh, has […]
Category: Power
Power
Ayana Renewable Power inks pact with Hindalco Industries to develop 330 MW of solar and wind capacity
Ayana Renewable Power, a renewable energy Independent Power Producers (IPP) in India backed by National Infrastructure and Investment Fund (NIIF), British International Investment (BII) and Green Growth Equity Fund, announced that it has signed a Power Purchase Agreement with Aditya Birla Group’s Hindalco Industries. The agreement is for the supply of 100 MW of Round-the-Clock […]
BorgWarner to integrate STM’s SiC in power module to support Volvo Cars EVs
STMicroelectronics, a global semiconductor company will supply BorgWarner the latest third generation 750V silicon carbide (SiC) power MOSFETs dice for their proprietary Viper-based power module. This power module is used in BorgWarner’s traction inverter platforms for several current and future Volvo Cars electric vehicles. Javier Varela, COO and Deputy CEO, Volvo Cars said, “This collaboration […]
Adani Cements: New capacity only for green cement production
The new capacity additions for Adani Cements would be only for manufacturing of green cement, as it looks to double the production of the commodity to about 140 million tonne per annum (MTPA) by FY28. The two Adani Group cement companies – ACC and Ambuja Cements – would only add capacities through organic route, which […]
Tata Power-DDL gets three year extension from DSIR for in house R&D unit
Tata Power Delhi Distribution Ltd (Tata Power-DDL) has received a three-year extension till 2026 from the Department of Scientific and Industrial Research (DSIR) for its in-house R&D unit.Tata Power Delhi Distribution Ltd is a joint venture between Tata Power and the government of NCT of Delhi. While DSIR is a part of Ministry of Science […]
Adani Group denies allegations of Mauritius-based offshore funding, called it ‘recycled allegations’ by foreign media
After the new report by Organised Crime and Corruption Reporting Project (OCCRP) on Adani Group revealed millions of dollars were invested in some publicly traded stocks of Adani Group via ‘opaque’ funds based in Mauritius, the conglomerate dismissed the allegations, calling it “recycled allegations”. “We categorically reject these recycled allegations. These news reports appear to […]
Adani group still in the soup: New report reveals Adani family’s partners used ‘opaque’ funds to invest in its stocks
The biggest economic scandal in the history of modern India is getting even bigger. According to new findings in the Adani group stock manipulation case, millions of dollars were invested in some publicly traded stocks of Adani Group via ‘opaque’ funds based in Mauritius. Exclusive documents obtained by Organised Crime and Corruption Reporting Project (OCCRP) […]
Adani group posts EBITDA growth of 42% in Q1 to Rs 23,532 crore
Adani group portfolio delivered EBITDA growth of 42 per cent on-year to Rs 23,532 crore in Q1FY24 with businesses across segments ranging from airports and sea ports registered good growth, the company said. Airports, green hydrogen and other businesses under the flagship incubator saw their profits almost double year-on-year. With EBITDA of Rs 1718 crore, […]
IREDA targets Rs 4,350 crore revenues in FY24; Rs 5,220 crore in FY25
State-owned IREDA has set a target of achieving Rs 4,350 crore revenue from operations during the current financial year.I n the next fiscal, it aims to touch a revenue of Rs 5,220 crore from operations, Indian Renewable Energy Development Agency Ltd (IREDA) said in a statement on Monday. In this regard, the company has also […]
Recycling company Vikas Ecotech clears Rs 101 cr dues; aims to become debt-free this fiscal
Recycling company Vikas Ecotech on Monday said it has paid Rs 101 crore dues to its lenders and is aiming to become debt-free by financial year 2023-24. “The company has till date paid a debt of Rs 1012 million (Rs 101.2 crore) to its lenders and the outstanding amount remains at Rs 600 million (Rs […]
Power Finance Corporation gets 1.85 bn Japanese yen loan from JBIC finance
State-owned Power Finance Corporation has secured a loan of 1.85 billion Japanese yen (about Rs 105 crore) from JBIC financing.The funds will be used to finance a 11.5 MW waste-to-energy project of KPC Gas Power Corporation in Karnataka. “PFC on 17th Aug…signed a loan agreement with Japan Bank for International Cooperation (JBIC) for JPY 1.85 […]
Ola S1 Pro vs Ather 450X vs Simple One – Electric scooter spec comparison
With the launch of the new Ola S1 Pro, the electric scooter segment is seeing fresh competition, as Ather also updated its flagship offering, the 450X. However, one other scooter in the segment that promises to outdo Ola and Ather is the Simple One, which was launched earlier this year. So if you are currently […]