Sector: Renewables
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
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
How Borosil’s employee COVID-19 care policy set the standard for India Inc
Back when he was a nervous summer intern in the high-pressure Wall Street offices of Goldman Sachs, Shreevar Kheruka was put on the spot right on the second day at work. While he was keeping an eye on the terminal of his boss, who had stepped out, a message from an executive at another top … Read more
Borosil unveils COVID-19 relief for staff
Borosil Ltd. and Borosil Renewables Ltd. said the event of an employee losing life due to Covid-19, his/her family will continue to receive the salary for the next two years (in addition to all the other benefits they are entitled to). “The company will also take care of the education of the children till their … Read more