The Punjab Agricultural University (PAU), Ludhiana, bagged the first position under the category of ‘Commercial Buildings’ in State Energy Conservation Awards held recently by Punjab Energy Development Agency (PEDA), a state designated agency of Punjab government. The commercial buildings in the sector of educational institutions included government as well as private buildings. The award was […]
Category: Power
Power
India Energy Week: PM Modi pitches for global investments in energy sector
Prime Minister Narendra Modi has invited investors to participate in the rapid growth being charted out by India’s energy sector, saying that major investment opportunities are being developed in the space. In his address at the inauguration of India Energy Week in Bengaluru, Modi said that numerous areas of India’s energy landscape—from conventional hydrocarbons to […]
PM Modi launches 3 green initiatives at India Energy Week
Prime Minister Narendra Modi launched three initiatives in the green energy sector during the inaugural India Energy Week in Bengaluru Monday. The first was the ‘Unbottled’ project of the Indian Oil Corporation Ltd, under which Polyethylene Terephthalate (PET) bottles are recycled to produce yarn to knit fabric. The other two were a solar cooking system […]
SJVN Q3 net profit rises 22 per cent to Rs 287 crore
State-owned power producer SJVN on Monday posted a 22 per cent rise in consolidated net profit at Rs 287.42 crore in the December quarter, mainly due to higher revenues. The consolidated net profit of the company was at Rs 235.46 crore in the quarter ended on December 31, 2021, according to a BSE filing. Total […]
CEA’s advise against retiring thermal power plants will hit renewable energy projects: Experts
Despite India’s push for renewable energies, a recent notice issued by the Central Electricity Authority of India (CEA) to power utilities to not retire any thermal units until 2030 has alarmed experts who say the move will have a retrograde effect on the country’s energy transition endeavours. In its notice on January 20, the CEA […]
14 smog towers, 3,400 electric BEST buses among 10 key BMC budget announcements
The Brihanmumbai Municipal Corporation (BMC) budget for 2023-24 was presented Saturday. Municipal commissioner Iqbal Singh Chahal in a statement said that for the first time in the history of the BMC, the budget has crossed the Rs 50,000-crore mark. The 10 key points of the budget are: 1) A total of 14 smog towers will […]
‘Air purifying towers will have demonstration effect… need to take steps for industries and power sector’
Municipal Commissioner Iqbal Singh Chahal speaks to Eeshanpriya MS about BMC’s fiscal health and the initiatives planned to address the city’s deteriorating air quality. How is BMC’s fiscal health? Five years ago, only 21% of the money was going to development projects and 79% was being used to pay salaries as well as on operation […]
Regulators should be on their toes to keep market stable, Adani issue a company specific matter: FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman has said that regulators Sebi and RBI should always be on their toes to keep the equity market stable and indicated that the Adani stock rout following a Hindenburg report was a company specific issue. She said banks and insurance companies are “not overexposed” to any one company and assured that […]
Adani crash: FM says no dent in macro, economy’s image; Sebi steps in as well
The government Saturday again stepped in to calm the markets hit by the Adani sell-off stating that the macro-economic fundamentals and the country’s image have not been affected. And that the “independent” regulators will do their job on the crash in stocks of Adani group companies after US-based Hindenburg Research raised allegations of “brazen stock […]
Adani flagship shelves $122 million bond plan after market rout
Adani Enterprises Ltd has shelved a plan to raise as much as 10 billion rupees ($122 million) via its first-ever public sale of bonds following a market rout, according to people familiar with the matter. The flagship firm of Indian billionaire Gautam Adani’s empire had planned the public note issuance for January, working with Edelweiss […]
Adani mixed bag: S&P outlook negative, Fitch & Moody a little positive
After days of freefall, Friday brought mixed news to the Adani Group reeling under the impact of the Hindenburg report and the cancellation of its FPO. Without naming anyone, the Reserve Bank of India (RBI) said Friday, a day after it asked banks for details on their Adani exposure, that the banking sector remains resilient […]
PM Modi in Karnataka: Green signal for slew of projects on agenda
In the first of four visits to poll-bound Karnataka in February, Prime Minister Narendra Modi will unveil, lay the foundation stone and dedicate to the nation a slew of projects in the Tumakuru region of the state on Monday. Karnataka goes to polls in April 2023. The PM will arrive in Bengaluru on Monday morning […]