Canada Pension Plan Investment Board (CPPIB) on Monday said it is acquiring a 6.3% stake in ReNew Power Ventures Pvt. Ltd from Asian Development Bank for $144 million.
“Much prior to the expiry of 30 days, the impugned preliminary findings have been rendered, which is contrary to the procedure stipulated,” Justice TS Sivagnanam said in his order.
The Debts Recovery Tribunal (DRT) has rejected the application of Piyush Marodia, managing director of Gupta Coal, seeking permission to travel to Singapore. The company has taken a loan of Rs 58.89 crore from State Bank of India (SBI) and is unable to repay it. DRT has impounded the passport of all the directors of Gupta Coal. DRT presiding officer Chikkam Vijay […]
With 187 generation units, the company’s operations are spread across the country, helping meet the base load for India’s power demand.
Quest for cheaper electricity: CM says no employee will lose his job, shutdown decision taken due to lack of power demand in state and availability of cheaper power from alternative sources.
India is considering lowering tariffs for new hydro-electric power projects to help them compete against cheaper forms of electricity, according to people with knowledge of the matter.
The Delhi High Court has said that it would not allow the use of solar control black films in cars, which have been banned due to security reasons.
Prime Minister Narendra Modi will showcase India as one of the key engines of global economic growth and outline the reforms his administration has carried out to make Asia’s third-largest economy a seamless and more investor-friendly market at the World Economic Forum (WEF) annual meetings beginning in Davos on Tuesday
This refers to “India to set up $350-mn solar fund” (January 19). India is naturally gifted with solar resources thus requiring cheaper capital investment in economic activity.
When your achievement is 8-9% of your target, things are not quite all right. That is the reality of the rooftop solar business in India today. Against a target of 10,000 MW for March 31, 2018, the achievement as of the last day of 2017 was 923 MW.