Business & Finance

India Will Need INR 33,750 Crore of Investment to Achieve Domestic Lithium- Ion Battery Manufacturing Target CEEW

MALION Will Acquire Huihong Pigment so as to Hasten Its Expansion into Field of Na-Ion Batteries – EQ Mag

April 5, 2023 Anand Gupta

Among the major types of cathode materials used in Na-ion batteries, Prussian blue (white) compounds have the advantages of high capacity, high C-rate, and low cost. Hence, suppliers for Na-ion batteries have been actively developing their capabilities to manufacture or obtain Prussian blue (white) compounds. MALION announced on March 13 that it subsidiary MALION New […]

Business & Finance

Professional networking startup Blue Circle raises fresh round of funding – EQ Mag

April 4, 2023 Anand Gupta

Professional networking startup Blue Circle on Monday said it has raised a fresh round of funding from leading CXOs from private equity, tech, healthcare and legal sectors. The Gurugram-based startup has raised more than USD 500,000 through 2 rounds of angel funding so far and is planning a pre-series A round in next few months, […]

Business & Finance

Israel’s former envoy to India Ron Malka appointed chairman of Adani Group’s Haifa port – EQ Mag

April 4, 2023 Anand Gupta

A consortium of Adani Ports and Special Economic Zone (APSEZ) and Israel’s Gadot Group won the tender in July last year to privatise the strategic Port of Haifa in Israel for ₹1.18 billion Ron Malka, former envoy of Israel to India, has said that he has assumed charge as the Executive Chairman of the Haifa […]

Business & Finance

New Progress Made in Development of CALB’s Battery Manufacturing Base in Portugal – EQ Mag

April 3, 2023 Anand Gupta

On November 2, 2022, Chinese battery supplier CALB signed a memorandum of cooperation with the Portuguese government. According to memorandum, CALB will build a major manufacturing base in Portugal as part of its expansion in Europe. Recently, new and concrete progress has been made in the implementation of this project. CALB has reportedly initiated the […]

President Murmu to launch 1,000 Mw solar power project in Rajasthan

Business & Finance

Grew Energy to invest Rs 5,400 cr in solar manufacturing over next 3 years – EQ Mag

April 1, 2023 Anand Gupta

The company is planning to set up module manufacturing facilities at Jaipur in rajasthan and Dholera in Gujrat…Read More… Source: PTI

Business & Finance

Statkraft, first MNC to buy bankrupt Indian power firm – EQ Mag

April 1, 2023 Anand Gupta

Europe’s largest renewable energy company Statkraft is set to become the first MNC player to buy an Indian power company under the insolvency and bankruptcy code (IBC) process after national company law tribunal (NCLT) approved its Rs. 180 crore offer for Lanco Mandakini Hydro Energy, as per court documents reviewed by ET. Oslo-headquartered Statkraft was […]

Mercedes-Benz delays EV debut by a year after Jaguar, Audi SUVs flop

Business & Finance

Mercedes amps up renewable energy switch with Iberdrola wind deal – EQ Mag

April 1, 2023 Anand Gupta

BERLIN : Mercedes-Benz said on Thursday it had signed a power purchase agreement (PPA) with Spain’s Iberdrola for 140 megawatts (MW) of wind energy from a Baltic Sea wind park, part of automakers’ push to make production costs more predictable. Production chief Joerg Burzer told Reuters that Mercedes was focusing on securing wind capacity in […]

Business & Finance

SAEL raises Rs 1,325 crore via bonds – EQ Mag

April 1, 2023 Anand Gupta

Renewable energy firm SAEL has raised Rs 1,325 crore through the issuance of bonds. “SAEL, India’s largest waste-to-energy producer, has successfully culminated issuance of AA-rated bonds to the tune of Rs 1,325 crore. (approx $161 million),” a company statement said. The bonds were subscribed by a consortium of four leading institutions, namely, India Infradebt Ltd, […]

Ford to invest $3.7 bln for production of EVs, gas-powered vehicles

Business & Finance

Ford in $4.5 bln deal for EV battery materials plant – EQ Mag

April 1, 2023 Anand Gupta

SOROWAKO, Indonesia : U.S. carmaker Ford has joined PT Vale Indonesia and China’s Zhejiang Huayou Cobalt’s as their new partner in a $4.5 billion nickel processing plant in Indonesia, the companies said on Thursday. The investment is Ford’s first in the Southeast Asian country and underscores growing appetite among automakers for raw materials used in […]

Business & Finance

India, Taiwan can collaborate on offshore wind, solar, electric mobility: Experts – EQ Mag

March 31, 2023 Anand Gupta

Washington DC: India and Taiwan can collaborate on offshore wind, solar energy and electric mobility, experts have said. “Taiwan is the largest producer of solar wafers which could feed into India’s renewable energy and battery programme,” said Kartikeya Singh, Director, Global Energy Futures Initiative. The two sides, he said, can also collaborate on electric mobility […]