SJVN has bagged 200 MW Solar Power Project on Build Own and Operate (BOO) basis from Maharashtra State Electricity Distribution Company Limited (MSEDCL) through e-RA. The project’s estimated cost is around Rs 1,200 crore, and it is anticipated to produce 455.52 million units (MUs) of energy in its first year. Over the course of 25
By March 2023, NTPC’s subsidiary NTPC Green Energy is projected to get a strategic investor, allowing it to finance up to 3,000 crore for the implementation of renewable energy projects across the nation. “For its subsidiary NTPC Green Energy, NTPC is currently on the lookout for a strategic investor.” Through this deal, which is anticipated
Rama Steel Tubes (RSTL) reported receiving orders totaling Rs. 6.7 crore from Purvanchal Vidut Vitran Nigam and Paschimanchal Vidut Vitran Nigam. The majority of these orders are for the supply of steel tube poles. These orders will increase RSTL’s credibility in the industry and boost its order book. Rama Steel Tubes is engaged in the
BCL Industries and its subsidiary company took part in an OMCs tender that was issued on October 18, 2022, inviting different molasses and grain-based distilleries to supply ethanol for the period starting on December 1, 2022, and ending on October 31, 2023, at their various locations throughout the nation. After the first round of offerings
The third wind-solar hybrid power plant has been put into operation in Jaisalmer in Rajasthan by Adani Green Energy Ltd (AGEL), the Adani Group’s renewable energy division. This freshly inaugurated hybrid power plant has a 450 MW total operational generation capacity. The plant has 25-year Power Purchase Agreements (PPA) with SECI at a cost of
On Monday, Larsen and Toubro (L&T) announced that the National High-Speed Rail Corporation had awarded it another “large” order for the upcoming Mumbai-Ahmedabad bullet train project. According to a filing to exchanges by L&T, the project entails commissioning a depot in Gujarat that is spread out over an area of about 82 hectares. The engineering
Ultratech Cement has commissioned 1.8 mtpa greenfield grinding capacity at Dhule Grinding Unit, Maharashtra and 1.8 mpta brownfield clinker backed 2nd grinding capacity at Dhar Cement Works, Madhya Pradesh. According to the cement manufacturer, this is part of the first phase of capacity expansion, which was announced in December 2020. The company’s total cement manufacturing
The company approved the acquisition of 75% of Nutana Aviation Capital IFSC for a total cash consideration of Rs 1.50 crore. Easy Trip Planners gained 1.24% to Rs 65.10 after the company announced a share purchase agreement to acquire a 75% stake in Nutana Aviation Capital IFSC. Nutana Aviation Capital IFSC was registered with the
The tax on crude oil produced by companies such as the state-owned Oil and Natural Gas Corporation (ONGC) has been reduced from $10,200 per tonne to $4,900 per tonne. The government reduced the rate on diesel export to 8 per litre from 10.5 per litre in the fortnightly revision of windfall profit tax. The levy
Tata Power has announced a capital investment of Rs 6,000 crore in Odisha. In the next five years, the company will also install 1,000 electric vehicle (EV) charging stations, 100,000 solar pumps, microgrids, rooftop and floating solar plants. The company has been involved in power distribution throughout Odisha and is committed to ensuring ease of
