Business tycoon Sanjeev Gupta could start building Formula 1-inspired electric vehicles in India and Australia early next decade, adding automobiles to his roster of global businesses that span steel-making to banking.
Recently, India hosted the heads of 23 nations and 10 ministerial representatives for the first International Solar Alliance (ISA) summit, which is expected to give a boost to India’s ambitions to lead global sustainable development.
State-run Bharat Heavy Electricals Ltd (BHEL), the country’s largest power equipment manufacturer, has bagged a Rs 4,400 crore order from Uttar Pradesh for setting up a 1,320 Megawatt supercritical thermal power plant.
SoftBank Group Corp has agreed to launch a $930 million Indian joint solar energy venture with Chinese firm GCL System Integration Technology Co Ltd as part of its ambitious India solar investment roadmap.
A group of chemistry professors and Sanskrit scholars have been working together on two projects that can be of significant contribution to the field of chemistry.
Under pressure from the Joint Electricity Regulatory Commission (JERC) for restructuring and reformation, which is mandatory as per the Electricity Act, 2003, a proposal has been mooted for corporatisation of the department.
Sumant Sinha-led Re-New Power Ventures has finalised the takeover of Ostro Energy for an enterprise value of ₹10,800 crore ($1.66 billion), the biggest M&A deal in the renewables sector, sources close to the deal said.
Power transmission company Sterlite Power, which recently won projects in Brazil worth $1 billion, is eyeing more international projects for increasing its global footprint.
Ghaziabad has become the first district in the state to have electricityin all its households. Chief minister Yogi Adityanathpraised the Centre’s Saubhagya scheme and said his government’s efforts to augment the powerinfrastructure through it would cover the entire state in the future.
Private power generating companies have objected to the sale of power by NTPC to neighbouring Bangladesh. The companies have argued that domestic coal supply via long-term agreement cannot be used to supply power to other countries.