Swedish-Swiss multinational giant ABBtoday announced it has commissioned India’s first industrial solar microgrid at its Vadodara manufacturing facility in Gujarat.
Swedish luxury carmaker Volvo targets to sell one million electrified cars by 2025 when half of all the cars it sells globally are expected to be full electric models, a top company official said. Being the first luxury carmaker to announce its intention of shifting its focus away from diesel and towards electrified vehicles, Volvo Car, owned by Chinese carmaker Geely, looks to partly electrify its entire fleet by 2019 through hybrid versions.
Tata Power Renewable Energy Ltd (TPREL) is eyeing upcoming solar power auctions for 1,200MW in Andhra Pradesh and Karnataka for Rs6,100 crore, two people aware of the development said.
Cabinet approves Long Term Agreements for supply of iron ore to Japan and South Korea through MMTC Limited
The Union Cabinet Chaired by Prime Minister Shri Narendra Modi has approved the renewal of Long Term Agreements (LTAs) for supply of iron ore (lumps and fines) of grade +64% Fe content to Japanese Steel Mills (JSMs) and POSCO, South Korea for another five years (i.e. 1.4.2018 upto 31.3.2023) through MMTC Limited.
Rashtriya Ispat Nigam Limited (RINL), the corporate entity of Visakhapatnam Steel Plant is targeting Rs 19,000 crore revenues and also net profit during the current fiscal, after suffering losses for the past few years, a senior official said.
The domestic equity market ended at over two-month high on Tuesday, driven by solid buying in heavyweight stocks such as Reliance Industries (RIL), HDFC and ICICI Bank.
European spot electricity prices for day-ahead delivery soared in the wholesale market on Wednesday buoyed by forecasts showing a rise in consumption due to falling temperatures, and a drop in electricity generation from wind turbines.
The first round of resolution plans submitted for Essar Steel Ltd saw ArcelorMittal India offer greater value than competitor Numetal Mauritius, bankers in the know told BloombergQuint on condition of anonymity.
Madhya Pradesh Chief Minister Shivraj Singh Chouhan has claimed all villages in the state will be electrified by October and Rs 2 lakh crore spent on development of tribals in five years.
The Enforcement Directorate (ED) on Tuesday attached property worth Rs 1,122 crore belonging to Vadodara-based DPIL firm in connection with a Rs 2,654.40 crore bank fraud case.