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 […]

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

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 […]

Business & Finance

Danish agri tech company Agreena raises $50 million in funding – EQ Mag

March 31, 2023 Anand Gupta

COPENHAGEN : Danish agriculture tech company Agreena has raised a 46 million euros ($50 million) in a Series B funding round, furthering its aim to turn regenerative, climate-friendly agriculture into a business opportunity for farmers, the startup said on Thursday. With agriculture accounting for nearly one third of global CO2 emissions, the industry has become […]

Business & Finance

India, Sri Lanka to jointly build solar power plant in island nation – EQ Mag

March 31, 2023 Anand Gupta

The initial investment is expected to be $42.5 million India and Sri Lanka have agreed to jointly build in two stages a 135-megawatt solar power plant in the island nation’s eastern port district of Trincomalee to promote renewable energy. Sri Lankan Cabinet has given approval for the project as the country aims to generate 70 […]

NTPC Limited transfers renewable energy assets to NTPC Green Energy Limited (NGEL)

Business & Finance

India Will Require $540 Bn Investment By 2029 To Achieve Renewable Energy Targets: S&P – EQ Mag

March 31, 2023 Anand Gupta

India is aiming to reduce its pollution to zero by 20. It aims to achieve 500 gigatonnes (GW) of non-fossil electricity capacity, half of its energy from renewables, a billion-tonne reduction in emissions, and a 45 per cent decline in GDP emissions intensity by 2030 India will require USD 540 billion in investment between 2020 […]

Credit Rating – JSW Hydro Energy Limited

Business & Finance

JSW Energy acquires 1,753 MW green assets of MEIPL for over Rs 10,000 crore – EQ Mag

March 30, 2023 Anand Gupta

JSW Energy said that it has finished paying over Rs 10,000 crore to Mytrah Energy (India) Private Limited (MEIPL) for 1,753 Megawatt of renewable energy assets. After taking into account net current assets and other adjustments made pursuant to the share purchase agreements, the deal values the Mytrah Energy portfolio at an enterprise valuation of […]

BYD launches all-electric multi-purpose vehicle e6

Business & Finance

Annual net profit of Chinese EV giant BYD up 446% – EQ Mag

March 30, 2023 Anand Gupta

BEIJING: Chinese battery and electric vehicle manufacturer BYD announced Tuesday a net profit in 2022 of 16.6 billion yuan ($2.4 billion), up 446 percent year-on-year. China, the world’s largest overall producer of greenhouse gases, plans for domestic car sales to be mainly made up of electric and hybrid vehicles by 2035. The result is in […]

Xinxiang Tianli Lithium Energy Will Invest RMB 6 Billion in Lithium Project That Encompasses Prospecting, Mining, and Ore Sorting

Business & Finance

Lithium miner Liontown soars on rejecting USD 3.7 bn bid from Albemarle – EQ Mag

March 29, 2023 Anand Gupta

MELBOURNE : Australia’s Liontown Resources said it had knocked back an approach from the world’s biggest lithium producer Albemarle Corp on Tuesday that valued the lithium developer at A$5.50 billion ($3.7 billion) and sent its shares rocketing 59%. Liontown controls two major lithium deposits in Western Australia, including its flagship Kathleen Valley project slated for […]

SJVN REGISTERS 19% GROWTH IN PROFIT AFTER TAX WITH RS 232.67 CRORE IN Q3.

Business & Finance

SJVN gets Rs 915 crore from Japan Bank for International Cooperation – EQ Mag

March 29, 2023 Anand Gupta

State-owned SJVN Ltd has secured Rs 915 crore ‘GREEN’ finance from Japan Bank for International Cooperation to fund its 90 MW Omkareshwar floating solar project in Madhya Pradesh and 100 MW Raghanesda solar project in Gujarat. “SJVN secured GREEN financing from Japan Bank for International Cooperation (JBIC) amounting to JPY 15 billion. (approx. INR 915 […]