Business & Finance

India targeting 20% ethanol-blending with petrol by 2023-24 Piyush Goyal

India, Africa can double trade to $200 billion: Piyush Goyal – EQ Mag

June 16, 2023 Anand Gupta

New Delhi : Bilateral trade of India with Africa grew by 9.26 per cent in 2022-23, reaching almost $100 billion, Commerce Minister Piyush Goyal said while addressing the CII-EXIM Bank conclave on “India-Africa Partnership”. Goyal expressed confidence in achieving the goal of doubling bilateral trade to $200 billion by 2030. “Blessed with demographic dividend, India-Africa […]

ONGC Floats Tender For 5 MW Solar Plant At Hazira Plant

Business & Finance

ONGC signs pact with IndianOil for petrochemicals – EQ Mag

June 16, 2023 Anand Gupta

India’s top oil and natural gas producer ONGC has signed a pact with the nation’s largest oil refining and fuel marketing company IOC for exploring opportunities in the petrochemicals business Oil and Natural Gas Corporation (ONGC) and IOC “signed a memorandum of understanding (MoU) to explore downstream opportunities, especially in petrochemicals, both greenfield projects and […]

Reliance New Energy Limited acquires assets of Lithium Werks

Business & Finance

Reliance in talks for $2 billion loan to fuel expansion – EQ Mag

June 16, 2023 Anand Gupta

Ambani is raising funds as he continues to build out the telecoms and consumer-facing arms of an empire based on a bedrock of crude-oil refining Reliance Industries Ltd. is in talks with lenders for a foreign-currency loan of up to $2 billion to fuel the ongoing expansion of its oil-to-telecoms business, according to people familiar […]

Shell to join clean hydrogen project in Norway

Business & Finance

Shell to invest $10-15 bn to develop low-carbon energy solutions – EQ Mag

June 15, 2023 Anand Gupta

Shell is set to provide an update to investors regarding its strategy aimed at generating more value while minimizing emissions. The company aims to deliver higher returns to shareholders through a balanced energy transition. Shell’s CEO, Wael Sawan, emphasized their commitment to investing in secure energy supplies for the present and future, while simultaneously positioning […]

Business & Finance

Hope PM Modi, President Biden agree on nuclear compact for enhanced cooperation in energy sector: Holtec International CEO – EQ Mag

June 15, 2023 Anand Gupta

The remarks by Kris Singh, Executive Chairman and CEO of Holtec International, came ahead of Prime Minister Modi’s first Official State Visit to the US next week. A leading Indian-American executive has expressed hope that Prime Minister Narendra Modi and President Joe Biden would agree on a nuclear compact that will enhance bilateral cooperation on […]

Business & Finance

NLC India JV plant in Ghatampur to supply 492 MW to Assam; inks power purchase agreement – EQ Mag

June 15, 2023 Anand Gupta

NLC’s India joint venture Neyveli Uttar Pradesh Power has inked a pact to supply 492 MW of electricity to Assam from its 1,980 MW Ghatampur thermal plant New Delhi : State-owned NLC’s India joint venture Neyveli Uttar Pradesh Power has inked a pact to supply 492 MW of electricity to Assam from its 1,980 MW […]

Sterling And Wilson Renewable Energy Promoters To Sell 1 Crore Shares For Rs 270 Crore

Business & Finance

Maha to generate 5,220-MW renewable power, create 6,760 new jobs – EQ Mag

June 15, 2023 Anand Gupta

In a major initiative, the Maharashtra government has signed MoUs to set up projects to generate 5,220-MW of renewable energy at a cost of Rs 41,000-crore Deputy Chief Minister Devendra Fadnavis said that more emphasis is being laid on setting up solar, wind and other renewable energy projects in the state. In this direction, the […]

Great Opportunity for India to Nurture Renewable Energy Industry to Become World Supplier Piyush Goyal

Business & Finance

Rs 64,000-crore renewable energy transmission projects on the anvil – EQ Mag

June 15, 2023 Anand Gupta

The last largest tranche of power transmission projects offered to the private sector was in 2015 when eight projects totalling Rs 50,000 were tendered A record Rs 64,000 crore worth of six power transmission projects for connecting green energy installations have been approved by the National Committee on Transmission (NCT) and are likely to be […]

Brazil – TotalEnergies Partners With Casa dos Ventos to Jointly Develop a 12 GW Renewable Energy Portfolio

Business & Finance

IND Renewable Energy board approves Rs 26 cr fundraising plan – EQ Mag

June 15, 2023 Anand Gupta

A decision in this regard was taken at a meeting of its board members, IND Renewable Energy Ltd said in a regulatory statement. “This is in modification of our earlier communication where we had conveyed the proposal approved by the board to raise the fund up to Rs 15,00,00,000. We wish to inform you that […]

JK Cement to Offtake Green Energy from CleanMax’s Wind & Solar Farm in a Bid to Reduce Carbon Footprint

Business & Finance

Rs 35,000-cr collected in FY23: Windfall tax revenue seen falling in FY24 amid softer crude prices – EQ Mag

June 15, 2023 Anand Gupta

Tax rate zero since May 15; no plan to withdraw the policy The Centre collected close to Rs 35,000 crore from windfall taxes on petroleum products in FY23 and will continue with the special provision, as a safeguard against abnormal price movement in FY24. However, not much revenue is expected from this impost given the […]