Orient Green Power Co, the renewable arm of the Shriram Group, said it has sold much of it biomass power generation business to a unit of its promoter and that its wind power business is benefiting from higher offtake by the Tamil Nadu power distribution company. The company had around 96 megawatts (MW) of biomass […]
As part of its efforts to set up a city-wide network of electric vehicle charging stations, Tata Power announced that it has set up two more electric vehicle charging stations in Mumbai, its first on third-party compounds. The two charging stations have been set up at two of the most popular malls in the city […]
Construction giant Larsen & Toubro said it has won a Rs 1,483 cr contract from oil and gas producer ONGC to create offshore platforms, pipelines and other works in its Bassein field offshore Mumbai. “The project includes three new wellhead platforms, 23 kilometer Subsea pipeline, composite Subsea power cable, clamp-on works on an existing platform […]
L&T said its Hydrocarbon Engineering unit secured a major construction contract for Crude Distillation and Vacuum Distillation Unit (CDU & VDU) from Hindustan Petroleum Corporation Limited, Visakhapatnam Refinery. It also won an extension to an ongoing contract for Reliance Industries Jamnagar. The combined value of the two contracts is about ₹2,100 Crores, the construction company […]
The central government and various state governments will award contracts to set up another 6,500 MW (6.5 GW) of wind energy projects in the next three months, the ministry of renewable energy said. Combined with the 3 GW awarded in the first nine months of this fiscal year, this will take the total amount of […]
India faces steep odds in its race to meet its solar power addition targets for the current year. Last year, the country had added only 5.53 GW of incremental solar power capacity against a target of 6 GW. This year, the target is 10 GW. However, as of November end, it has added only 3.46 […]
The government of India said there was no change in its plans to set up a mega nuclear plant in Kovvada in Andhra Pradesh with bankrupt US technology provider Westinghouse. However, said the Department of Atomic Energy, the two parties are yet to arrive a “viable project proposal”. “Discussions are in progress between Nuclear Power […]
India has plans to increase the output of uranium — the key fuel used in its nuclear weapons program — by ten times by 2031-32 and achieve self-sufficiency, the Department of Atomic Energy said. India is estimated to have 232,315 tons of uranium contained in deposits of 273,956 tons of tiiuranium octoxide. Even though the […]
Coal India, India’s primary supplier of domestic coal, said it would impose a charge of Rs 50 per tonne on all customers except those who are availing its ‘rapid loading’ facility. It said the extra charge will general around Rs 2,500 cr per year. For the remaining three months of the financial year, it would […]
The European Investment Bank, the lending arm of the European Union, will invest $200 mln (Rs 1,283 cr) into the Indian solar and power sector via a deal with Yes Bank in order to support the growth of renewable energy in the country. The investment will be routed through a renewable financing program with Yes […]
Bharat Heavy Electricals Limited said it won a Rs 7,300 cr order to set up a 1,320 MW Supercritical Thermal Power Project (TPP) in Tamil Nadu. Valued at over Rs.7,300 Crore, the order for setting up the 2×660 MW Udangudi TPP has been placed on BHEL by Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO), […]
Kalpataru Power Transmission, which constructs power and related infrastructure, said it won new orders worth Rs 875 cr, taking the total order inflow this year to 5,900 cr. The orders include two from India for Rs 278 cr in total and three from outside India for Rs 597 cr. All orders are for the design, […]
Bharat Heavy Electricals said it has commissioned a 54 MW coal-fired captive power project in Indonesia, calling it “yet another milestone in the South East Asian region.” BHEL has executed several projects in the region including projects in Malaysia, Taiwan, Thailand and Vietnam. In Indonesia, the company has earlier successfully executed a 2×30 MW boiler […]
IL&FS Engineering and Construction Company said it got a Rs 216 cr order from Gas Authority of India Limited to lay a 158 km long pipeline. The 30-inch diameter pipeline is part of Part B of the Dobhi-Durgapur-Haldia project in West Bengal. It also has to create a 13.28 km long 12-inch spurline under Jagdishpur […]
Reliance Infrastructure Limited said it won two constructiong contracts in Bangladesh together valued at Rs. 5,000 crore. The contracts arer for creating a 750 MW LNG-based combined cycle power plant at Meghnaghat (Dhaka) while the second project is for building a 500 MMSCFD floating storage regasification unit (FSRU) based integrated LNG terminal project at Kutubdia […]
Anil Ambani Group-controlled Reliance Power said Asian Development Bank has approved debt financing and partial risk guarantees totaling $583 million to the company’s Bangladesh LNG and Power Project. “ADB’s financing package includes loans and partial risk guarantees for the power generation facility, as well as for the LNG terminal. The total project cost is approximately […]
Mukesh Ambani, India’s richest man, said telecom was the first of his big bet, and he will now use his resources to solve problems in three other difficult areas — agriculture, education and healthcare. Speaking at the HT Leadership Summit, Ambani said his primary motivation was not to make money. “Money has never meant much […]
Electrical goods maker Siemens Ltd reported an improvement in its profit margins, but underlying sales growth decelerated to 1.8% due to GST-related impact. The company usually posts 8%-15% growth in revenue. Net profit also showed a decline as last year, the company had exceptional income related to the sale of a unit. Revenue, on a […]
Tata Power said its Strategic Engineering Division, along with partner DSIT Solutions Ltd, received a contract to supply Portable Diver Detection Sonar (PDDS) to the Indian Navy. The deal is one of the the largest in the world for such systems, it said. The detection systems will largely be manufactured in India at the Tata […]
Vedanta, one of the world’s biggest producers of minerals, said it plans to increase its oil and gas output by around 100,000 barrels per day to 275,000-300,000 barrels per day by March 2020, and expand its Tuticorin copper plant to the world’s largest. At present, the Tuticorin copper smelter is producing 400,000 tons per year. […]
