Business & Finance

Fisker and Ample Partner to Deliver Fisker Ocean EVs with Innovative Swappable Batteries by the Start of 2024 – EQ Mag

May 4, 2023 Anand Gupta

Fisker partners with Ample for electric SUVs with swappable batteries Fisker and Ample seek to increase adoption of EVs in the United States and Europe The companies intend to bring the first Fisker Ocean SUVs to market with swappable batteries by Q1 2024 Fisker and Ample will share revenue related to the battery swapping system […]

NTPC ranked as the top Independent Power Producers and Energy Traders Globally by S&P Platts

Business & Finance

NTPC Bangladesh plant declared commercially operational – EQ Mag

May 4, 2023 Anand Gupta

NEW DELHI: The first unit of the 1,320 MW (megawatt) Rampal power plant in Bangladesh, built by a joint venture between NTPC and Bangladesh Power Development Board, has been formally declared commercially operational, said India’s state-run company on Tuesday. The commissioning of the 660 MW unit marks the first overseas capacity addition for India’s largest […]

JSW Energy plans to raise $750 m in forex debt

Business & Finance

JSW Steel USA Ohio to invest USD 145 mn to upgrade operations – EQ Mag

May 4, 2023 Anand Gupta

Washington [US] : JSW Steel USA Ohio, a subsidiary of JSW Steel, announced its plans to invest USD 145 million in new projects to upgrade its manufacturing operations at Mingo Junction in Ohio. The subsidiary aims to meet the demand for quality steel products that are “melted and manufactured in the US”. The company said […]

Kutch heritage, Modhera solar-powered village

Business & Finance

SJVN to set up 200 MW solar power project worth Rs 1,200 crore in Gujarat – EQ Mag

May 4, 2023 Anand Gupta

State-owned SJVN Ltd on Wednesday said it has bagged a 200 MW solar project worth Rs 1,200 crore from Gujarat Urja Vikas Nigam Ltd (GUVNL). “The company has obtained 200 MW Grid Connected Solar Power Project in Khavda Solar Park through e-Reverse auction conducted by GUVNL, SJVN Ltd,” Chairman and Managing Director (CMD) Nand Lal […]

Business & Finance

Kerala govt, BPCL agree in principle to set up plant in Kochi to process waste – EQ Mag

May 4, 2023 Anand Gupta

Kerala government and Bharat Petroleum Corporation Ltd (BPCL) on Wednesday reached an in-principle agreement to set up a plant in Kochi The Kerala government and the Bharat Petroleum Corporation Ltd (BPCL) on Wednesday reached an in-principle agreement to set up a plant in Kochi to process waste and produce compressed biogas, nearly two months after […]

RERC (Terms and Conditions for Determination of Tariff) (First Amendment) Regulations, 2019

Business & Finance

Government approves Rs 687 cr for upgradation of power distribution infrastructure in Ladakh – EQ Mag

May 4, 2023 Anand Gupta

The scheme includes the grid connectivity of the Changthang region, downline infrastructure in the Zanskar region along with other loss reduction works in the Leh and Kargil districts The central government has given its approval for the implementation of Revamped Distribution Sector Scheme (RDSS) in the Union Territory of Ladakh with a sanctioned cost of […]

Business & Finance

Solar Ladder raises Rs 11 crore in seed funding round – EQ Mag

May 4, 2023 Anand Gupta

According to the company, the fresh funds will be utilised to distribute software that automates processes for solar installers, allowing them to expand their business tenfold Solar Ladder, a supply chain platform for solar installation companies, has raised 11 crore in seed funding from Axilor Ventures, Titan Capital, DeVC, Stride Ventures, and angels from Atha […]

Indian Oil Floats Tender For 10 KWp capacity Captive Solar Photovoltaic Project for 2 Freedom Retail Outlets Puzhal and Vellore

Business & Finance

Indian Oil plans green jet fuel plant to meet surging demand – EQ Mag

May 4, 2023 Anand Gupta

The facility will have capacity to produce 88,000 tons of SAF a year and Indian Oil is seeking to partner with other oil companies on the project, said S.S.V. Ramakumar, director for research and development. Supply agreements with airlines are needed to push ahead with the investment, he added. Indian Oil Corp. is planning to […]

Business & Finance

REC Limited lists its Green Bonds of USD 750 Million at GIFT IFSC Stock Exchanges – EQ Mag

May 4, 2023 Anand Gupta

REC Limited has undertaken an exclusive listing of its recently issued Green bonds of USD 750 million raised under its Global Medium Term Programme of USD 7 billion at GIFT IFSC Stock Exchanges in a primary listing ceremony held in GIFT IFSC, Gandhinagar today. Mr. Injeti Srinivas, Chairman, International Financial Services Centres Authority (IFSCA) was […]

Governors Approve Allocation of $1.1 Billion in ADB Allocable Net Income for 2022 – EQ Mag

May 4, 2023 Anand Gupta

INCHEON, REPUBLIC OF KOREA : The Board of Governors of the Asian Development Bank (ADB) today approved the bank’s 2022 financial statements and a $1.1 billion net income allocation from its ordinary capital resources. The allocable net income will be allocated as follows: $716.5 million to ADB’s ordinary reserve to support the bank’s capital growth […]