Sector: Power
Government may defer duty on solar gear imports, extend project deadlines
The government is mulling delaying the imposition of customs duty on imported solar equipment or allowing extension of deadline for completion of domestic solar projects which are facing supply uncertainties from vendors in China, power and renewable energy minister RK Singh told ET. “We have received a demand saying there is this problem (Chinese companies … Read more
Mukesh Ambani joins Jeff Bezos, Elon Musk in world’s exclusive $100 billion club
Mukesh Ambani, Asia’s richest person, joined Jeff Bezos and Elon Musk in the world’s most exclusive wealth club with a fortune of at least $100 billion.The chairman of Ltd. entered the rarefied group of 11 men as his conglomerate’s stock climbed to a record on Friday. He’s now worth $100.6 billion, according to the Bloomberg … Read more
Triveni Engineering increases bets on ethanol blending – to invest Rs 350 crore to double alcohol capacity over next 9 months
In June, the government had advanced the target of achieving 20% ethanol in petrol (E20) by five years to 2025. At present, the average blend is around 8-9%. Given the overall better prospects, Triveni announced a capex of Rs 350 crore to more than double it’s distillation capacity over the next 9 months. Key points … Read more
Adani loses out to Gujarat Gas on city gas distribution network | India News
The Supreme Court on Tuesday threw out Adani Gas Ltd’s challenge to the decision of the Petroleum and Natural Gas Regulatory Board (PNGRB) to award the city natural gas distribution (CGD) network for Sanand, Bavla and Dholka in Gujarat to Gujarat Gas. A bench of Justices U U Lalit, S R Bhat and Hrishikesh Roy … Read more
Exide exploring to enter into lithium-ion cell manufacturing. Already has a JV for technical know-how
Exide has informed that the Company is evaluating foray into lithium-ion (li-ion) cell manufacturing and is details on Govt’s recently announced Production Linked Incentive (PLI) scheme for such batteries. The scheme’s outlay of Rs 18,100 crore is intended to establish 50 Giga Watt Hour (GWh) of advanced cell chemistry and 5 GWh of niche advanced … Read more
Borosil announces benchmark setting Covid package to take care the families of the deceased employees
Shreevar Kheruka (Managing Director of Borosil Limited) announces that in the event of an unfortunate demise of any employee due to Covid – the family will be given 2 years of salary; and the education of the children of the employee will be paid till graduation in India. The above policy was made applicable for … Read more
Borosil Renewable to more than double the capacity by July 2022
The Company is in the process of expanding it’s production capacity of solar glass by adding a 3rd furnace (SG-3) of 550MT/ day that would more than double it’s total current capacity of about 500 MT. This would allow the Company to cater to a total solar industry demand of about 5GW annually as against … Read more