A few days ago, Tesla CEO Elon Musk reacted on X to silver price surge, “This is not good. Silver is needed in many industrial processes.” It was a warning that silver is a critical industrial input and that rising prices pose risks to manufacturing costs. While expectations of U.S. Federal Reserve rate cuts in … Read more
Reliance Industries is preparing to commission the Dhirubhai Ambani Green Energy Giga Complex, a 5,000-acre manufacturing facility for renewable energy-related products, in Jamnagar in the second half of 2024, its chairman and managing director Mukesh Ambani said on Wednesday. Addressing the Vibrant Gujarat Summit, the western state’s flagship investment conclave, in Gandhinagar, Ambani said that … Read more
Jigar Shah is living an investor’s dream, one with more strings attached than a symphony orchestra. Shah has $400 billion of government funds to pour into businesses touting green-energy projects. But he has to do it under the eye of critical lawmakers, cautious bureaucrats and the White House, which has already clashed with him on … Read more
News about Exide looking to set up a plant in Karnataka had originally come up in March 2022. The Company is now projecting to invest Rs 6,000 crore to set up a 12 GWh lithium-ion cell manufacturing unit in this proposed facility over the next 8–10 years. Projected Phase 1 6GWh Investment of Rs 4,000 … Read more
JSW Energy last year had demerged it’s green business into a separate wholly owned subsidiary JSW Energy Neo. The step was keeping in line with group’s increased focus on the renewables (like everyone else). JSW had announced aggressive expansion plans – From 4.8 GW of current capacity to 10 GW by 2025 Currently 2/3 rd … Read more
Putting in big long term targets is in fancy and Vedanta is not the one to be left behind. Addressing shareholders at the company’s 57th AGM, Anil Agarwal, the chairman has set the target of $100 bn, i.e., approx Rs 8 lakh crore revenues by 2030. Company reported revenues of Rs 1.33 lakh crore in … Read more
Global credit rating agency S&P Global Ratings on Monday said the Indian renewable energy sector will be highly leveraged owing to the growth opportunities. In its new report “India Renewables: Growth Trumps Deleveraging” S&P Global Ratings said the multi-decade growth opportunities for renewable energy in India will result in persistently high leverage across the sector. … Read more
In line with the ongoing industry trends, JSW Energy too separates it’s Green (Renewables) from Grey (Thermal) business into a separate 100% owned subsidiary – JSW Energy Neo. Key Points to note: The Company targets to reach a power generation capacity of 20GW by 2030 compared with 4.5GW currently. Of the current capacity 30% is … Read more
In line with Reliance’s increasing focus on renewables and hydrogen, the Company has decided to put gasification assets into a separate 100% subsidiary. Key points to note – The Gasification project at Jamnagar was set up to repurpose refinery off-gases and produce Syngas to be used for production of olefins at lower costs. Syngas is … Read more