A delegation of Fortum, a Finnish government-owned company, led by its Senior Vice-President Risto Penttinen and Executive Vice-President Mikael Ronnblad, is holding talks with Hyderabad Metro Rail Ltd to set up more electric vehicle charging stations.
It was one of the most intriguing electric vehicle (EV) projects simply because its manufacturer was not into automobiles. Yet, that was no deterrent to the Sajjan Jindal-led JSW Group, which had announced with much fanfare over 18 months ago that it was getting into EVs.
Tata Power Company Ltd’s shares rose as much as 3.49 per cent to Rs 77 rupees, while Adani Power Ltd climbed as much as 6.47 per cent to Rs 51.85 today
The growth of renewable energy has boosted the need for developing power balancing infrastructure that can come to the rescue in the event of sudden fluctuations.
Tamil Nadu may regain the top slot in total installed capacity in renewable energy as the state has bright prospects for capacity addition in wind and solar sectors in the coming year. . Last year, Karnataka had toppled Tamil Nadu.
It is highly likely that the Central government declares that all houses in India have electricity connections. As per the latest reports on the Saubhagya website, only around 20,000 households in Chhattisgarh remain to be connected.
The crude oil market has been, of late, ruling firm, with Brent touching $68 a barrel and WTI $60. A combination of factors on the supply side has propped the market up.
As the Indian Railways look to improve its services without spending much, Indian Railway Station Development Corporation (IRSDC) will modernise the stations capable of fetching more money as reckoned by the Boston Consulting Group.
Amid profit-booking in the broad market, many shares in the power sector rose on Friday. NTPC led the power sector pack with a gain of 3.67 per cent on the BSE. The stock closed at ₹134.05. Coal India, PowerGrid, Kalpataru Power Transmission and Tata Power are some of the stocks that rose in the energy segment during the day.
State-owned Power Grid Corporation on Friday said it has paid ₹1,629.62 crore as interim dividend for 2018-19 to the Centre. Power Grid Corporation handed over the electronic payment remittance advice for the payment to the Government of India, a company statement said.