Category: Power

TRICHY: Power supply will be suspended in some parts of Trichy city and suburbs on November 4 (Saturday) due to maintenance work at Ambikapuram substation. Areas including Ariyamangalam, SIT, Ambikapuram, Rail Nagar, Malayappa Nagar, Military Colony, Kailash Nagar, Sakthi Nagar, Nehruji Nagar, Rajappa Nagar, MK Kottai, KK Kottai, Balaji Nagar, Sangliyandapuram, Senthaneerpuram, Kattur, Pappakurichi, Thiru […]

Kolkata: Autos in the city are stage carriages like buses, unlike the metered contract carriage service in other cities. “There are great advantages of the autorickshaw being a stage carriage. As it is a shared mode of transport, the fare is low and it can disperse a much larger number of people than a personalised […]

Chennai: Tata Passenger Electric Mobility Ltd (TPEM) and Jaguar Land Rover Plc (JLR), both 100% subsidiaries of Tata Motors Limited (TML), have entered into a memorandum of understanding (MoU) for the licensing of JLR’s electrified modular architecture (EMA) platform for a royalty fee (including electrical architecture, electric drive unit, battery pack and manufacturing know-hows) for […]

DETROIT: The United Auto Workers union said its tentative contract deal with General Motors includes plans for investments around electric vehicles and will raise wages for thousands of US hourly workers at units with lower wage tiers than at vehicle assembly operations. The UAW released more details of its tentative 4-1/2 year deal with GM […]

NEW DELHI: Sterlite Power Transmission (SPTL) is demerging its transmission infrastructure business with a view to unlocking value by creating distinct verticals based on consumer base, investor class and return profiles. Under the demerger scheme, existing Sterlite Power shareholders will receive one additional share of SGL5 for every share of SPTL they hold, the company […]

CHENNAI: Tata Passenger Electric Mobility Ltd (TPEM) and Jaguar Land Rover Plc (JLR), both 100% subsidiaries of Tata Motors Limited (TML), have entered into a memorandum of understanding (MoU) for the licensing of JLR’s electrified modular architecture (EMA) platform for a royalty fee (including electrical architecture, electric drive unit, battery pack and manufacturing know-hows) for […]

AHMEDABAD: Adani Power’s consolidated net profit jumped nine-folds to settle at Rs 6,594 crore during the second quarter of FY 2024, due to a higher one-time income and deferred tax assets. This is against Rs 696 crore during the corresponding quarter of FY 2023. According to the company’s stock exchange filing on Thursday, Adani Power’s […]

Blackstone and Vista Equity Partners have agreed to acquire Australia’s Energy Exemplar, a provider of energy market software, for more than $1 billion, according to people familiar with the matter. The deal represents a bet on energy transition, as power utilities, grid operators and renewable energy developers turn to simulation software to fine-tune use of […]

BENGALURU: Adani Green Energy on Monday reported a more than two-fold growth in second-quarter profit, helped by strong power sales to customers. The country’s power demand is growing rapidly, with strong economic growth boosting demand from factories and households. Adani Green’s energy sales rose 87% in the quarter, mainly driven by solar-wind hybrid category, the […]

VinFast Auto, a Vietnamese electric vehicle (EV) manufacturer often seen as a rival for Elon Musk’s Tesla, is assessing potential locations for its upcoming manufacturing plant in India. According to an ET report, the company has already reviewed two sites in Tamil Nadu, with land offerings in the Manalur area north of Chennai and in […]

Chennai: The enforcement squads of Tangedco detected five energy theft cases and collected ₹8 lakh as fine during a mass raid in K K Nagar division recently. Of the fine amount, ₹7.74 lakh was an extra levy and ₹28,000 was collected as compounding fee. Tangedco also collected ₹2,800 as fine from CMWSSB contractor for stealing […]

TOKYO: Trade and economy officials from the Group of Seven wealthy democracies strengthened their pledge on Sunday to work together to ensure smooth supply chains for essentials like energy and food despite global uncertainties. The nations promised to maintain “a free and fair trading system based on the rule of law and enhancing economic resilience […]