City-based electricity tower and pole maker Skipper is betting on the transition to renewable energy — as part of the global target to reach net zero — to achieve 25 per cent CAGR for the next three years. The company, which is already exporting to 55 countries, plans to expand its footprint to at least […]
Category: Power
Power
Plan to set up electric vehicles project at Uttarpara stalled by Bengal govt: Hind Motors
Hindustan Motors, the erstwhile makers of the Ambassador car, informed the bourses on Monday that its plans to set up an electric vehicles project at Uttarpara are stalled due a notice from the Bengal government. The Bengal government had issued an order for resumption of HM Uttarpara land after the state decided to take it […]
Kolkata metropolitan area to have 3.5 lakh EVs by 2030, says report
A comprehensive electric mobility plan (CEMP) projects the Kolkata metropolitan area, which includes Kolkata, Howrah, Bidhannagar and New Kolkata, will have around 3,55,000 electric vehicles (EVs) by the end of 2030, according to a report. The projected EVs will comprise 312,065 two-wheelers, 6,258 three-wheelers, 23,108 private four-wheelers and 23,108 commercial four-wheelers, according to the report […]
Adani Power Ltd clocks 13 per cent rise in consolidated net profit
Mumbai: Adani Power Ltd has clocked a 13 per cent rise in consolidated net profit for the fourth quarter ended March 31. The company posted a net profit of Rs 5,242.48 crore against Rs 4,645.47 crore in the same period of the previous year. The rise in its profit came despite the company reporting lower […]
Adani Power’s profit grows 13 per cent to Rs 5,242 crore in Quarter 4
Adani Power Ltd (APL) has posted around 13 per cent jump in consolidated net profit at Rs 5,242 crore for March quarter 2022-23. The company had clocked Rs 4,645 crore net profit in January-March 2021-22, it said in a statement Friday. “Consolidated PAT (profit after tax) for Q4 FY23 grows…on account of lower finance cost […]
Adani row: Auditor named in Hindenburg report resigns
A tiny, Ahmedabad-based chartered accountancy firm run by a bunch of rookie auditors has resigned as statutory auditor of Adani Total Gas. The report by US short-seller Hindenburg Research had questioned the appointment of Shah Dhandharia & Co as the independent auditor at group flagship Adani Enterprises and Adani Total Gas. It had argued that […]
Zypp Electric aims to deploy 10,000 e-scooters in Bangalore over next 2 months
Electric mobility startup Zypp Electric on Tuesday announced its plan to deploy as many as 10,000 electric scooters in Bengaluru and said 2,000 e-scooters are already on roads. The remaining 8,000 of these vehicles will be deployed over the next two months, Zypp Electric said. The move is part of the company’s recently announced plan […]
Adani Green Energy shares jump 5 per cent after earnings announcement
Shares of Adani Green Energy jumped 5 per cent in Tuesday early trade after the company posted a four-fold rise in its consolidated net profit for the March quarter. The stock climbed 4.99 per cent to Rs 998.10 on the BSE. At the NSE, it rallied 5 per cent to Rs 998.55.
India’s power consumption dips to 130.57 billion units in April
India’s power consumption dipped for the second month in a row by 1.1 per cent to 130.57 billion units in April this year, as widespread rains in the country prompted people to use fewer cooling appliances compared to the previous year. In the year-ago period, power consumption stood at 132.02 billion units (BU), higher than […]
EV firms spear government claims
The Society for Manufacturers of Electric Vehicles (SMEV) has sent a petition to the parliamentary standing committee on industry, energy and estimates pointing to the “erroneous” claim made by the ministry of heavy industries of achieving its target of subsidising one million electric two-wheelers by April 2023. The petition says the claim is wrong because […]
Gautam Adani’s bid to raise $1.5 billion for financing new green energy projects
Billionaire tycoon Gautam Adani’s group is looking to raise $1-1.5 billion for financing new green energy projects in the conglomerate’s biggest borrowing since the group came under attack from a US short seller in January. The group recently held a roadshow in Singapore, followed by another two-day roadshow in Hong Kong, talking to global financial […]
Jharkhand task force on green hydrogen
Jharkhand aspires to harness green hydrogen to strengthen energy security and it has constituted a task force to boost the “Green Hydrogen Mission”. This was stated by Jharkhand’s additional chief secretary of the energy department, Avinash Kumar, during a stakeholders’ meeting on “Developing Green Hydrogen Ecosystem for Jharkhand” in Ranchi, organised by the task force […]