Reliance Industries, one of India’s biggest conglomerates, said it has become debt free on a net basis, meaning that it now owes less money to its creditors than it stands to receive from its debtors. This, it said, is thanks largely to the Rs 1.16 lakh cr that it has raised for a range of […]
A new study report by Centre for Science and Environment (CSE) finds that almost 70 per cent of India’s coal-fired power plants will not meet revised emission standards that come into effect in two years. The norms were set in December 2015 by the Ministry of Environment, Forest and Climate Change (MoEF&CC). “Even after seven […]
Bharat Heavy Electricals Ltd, India’s largest electrical equipment maker, said it has won a contract to supply electric buses for the Gorakhpur airport. A new airport for the Uttar Pradesh city, spread over 300 acres, will be set up on the Gorakhpur-Varanasi highway. At present, there is a small airport at Gorakhpur which is serviced […]
Tata Power said its solar unit has got a Rs 1,505 cr contract to set up a 250 megawatt solar power plant for India’s largest power producer NTPC. The contract, the biggest ever to be received by the company from an external customer, has to be completed in 20 months. With this order, the order […]
India’s junior minister at the Prime Minister’s Office, Dr Jitendra Singh, today said the government was still hopeful of signing a deal to set up a massive, 7.2 GW nuclear power plant in partnership with US-based Westinghouse Electric. Singh, who was responding to a question in the parliament today, said Westinghouse’s bankruptcy delayed proceedings, but […]
Demand for power declined in the spot market during September 2019 compared to the same month last year, according to numbers released by Indian Energy Exchange, the biggest power exchange in the country. All India peak demand fell to 173 gigawatt from 175.6 gw in the same month last year. Similarly, energy met fell by […]
NTPC Ltd, formerly known as National Thermal Power Corporation, took another step in its journey towards reducing its dependence on coal-fired plants by signing an agreement to develop two hydropower stations with a combined capacity of 520 MW. The two projects, for which NTPC has signed agreements with the Himachal Pradesh government, can be classified […]
India’s oil and gas major ONGC Ltd said it is in the process of investing Rs 83,000 cr in various projects that will boost its oil and gas output. Shashi Shanker said the investment of Rs 83,000 crore rupees will be done via 25 projects. “15 of these projects currently under execution will directly contribute […]
Close on the order for erection of turbine generator for the new units of Koodankulam Power Project, state-owned capital goods giant Bharat Heavy Electricals Limited (BHEL) said it has also won the order for erecting reactor side equipment for the same. Against a value of Rs 440 cr for the June order, this one is […]
India has missed its solar power target by a whopping 58% in the year gone by, according to the latest numbers from the ministry of renewable energy or MNRE. India was supposed to add about 16,000 megawatt (16 gigawatt) of fresh solar power generation capacity in the year ended March 2019. However, it added only […]
Government of India owned construction and manufacturing firm Bharat Heavy Electricals Ltd (BHEL) said it received an order worth Rs 440 crore from Nuclear Power Corporation of India Limited (NPCIL) for the erection work of the upcoming 2×1000 Megawatt Turbine Generator (TG) island units at Kudankulam Nuclear Power Project in Tamil Nadu. BHEL also emerged […]
UltraTech Cement Limited, the largest manufacturer of grey cement, white cement and ready-mix concrete in India, said it plans to increase the contribution of green energy to 25 per cent of its total power consumption by 2021. More than 10% of the total power will come from renewable energy sources, it added. This will mean […]
State owned oil and gas company Indian Oil Corporation Ltd (IOCL) said that it has entered into a joint venture with Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) for the implementation and operation for a 2,757-km long LPG pipeline from Kandla, Gujarat to Gorakhpur, Uttar Pradesh. While Indian Oil Corporation will […]
Tata Power said it received a contract from Gujarat Urja Vikas Nigam Limited to develop a 100 MW solar project in Raghanesda Solar Park of Gujarat . The energy will be supplied to GUVNL under a Power Purchase Agreement (PPA) valid for a period of 25 years from the scheduled commercial operation date. The Company […]
Automobile manufacturer Maruti Suzuki said it has laid the foundation stone for a 5 MW Photovoltaic solar power plant at its manufacturing facility in Gurugram. The solar plant is likely to be commissioned in FY 2019-20, Maruti Suzuki said. Maruti Suzuki said that it will invest around Rs 24 crores and will offset carbon dioxide […]
Steel tubes and pipes manufacturing firm Ratnamani Metals and Tubes Ltd said it received a Rs 255 crore order from the oil and gas sector for the supply of coated carbon steel pipes. Carbon steel, also called mild steel, are used in oil and gas pipeline, plumbing and water supply systems. The order will be […]
Steel and energy company Jindal Steel and Power Ltd reported its highest ever domestic quarterly steel production and sales in the fourth quarter of financial year 2018-19. The company registered crude steel production of 1.51 million tonnes during the January-March quarter of 2019, an increase of 23% from the 1.26 million tonnes produced in the […]
Renewable energy solution provider Suzlon Energy Ltd said that it has sold two of its solar farms — Shreyas and Aalok — to Ostro Energy Pvt Ltd, a wholly owned subsidiary of ReNew Power Services Ltd. “The company has received an aggregate consideration of Rs 10.13 crores on the sale of 26% of its existing […]
Adani Power Ltd (APL), a subsidiary of Adani Enterprises Ltd and a part of the Adani Group, said that it has received the Letter of Intent for the acquisition of Korba West Power Company Limited. The development comes after the committee of creditors of Korba West Power, which is currently undergoing insolvency resolution process and […]
The price of spot power in India registered a decrease this month compared to the same month last year as parts of the country experienced a late start to the summer season. The average price of power sold via Indian Energy Exchange (IEX) was at Rs 3.12 per unit, decline of 22% over Rs 4.08 […]
