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BSES discoms Pay Rs 400 crore to Aravali Power Corporation

The discoms said they are committed to supply reliable and uninterrupted power to around 46 lakh consumers in Delhi. New Delhi: BSES Rajdhani Power Limited (BRPL) and BSES Yamuna Power Limited (BYPL) have resolved the matter with Aravali Power Corporation Private Limited (APCPL) and have paid Rs 352.27 crore and Rs 47.34 crore, respectively, as […]

L&T Construction wins contracts for power transmission & distribution business in Bangladesh

Reliance Infrastructure completes stake sales of entire shareholding in PKTCL to IndiGrid

RInfra owns 74 per cent in PKTCL located in the state of Himachal Pradesh and Punjab in a joint venture with Power Grid Corporation of India Limited (PGCIL). Mumbai: Reliance Infrastructure Limited (RInfra) on Saturday announced the successful completion of the sale of its entire 74 per cent equity stake in Parbati Koldam Transmission Company […]

L&T Construction wins contracts for power transmission & distribution business in Bangladesh

Larsen & Toubro wins significant contracts in domestic and overseas markets

The company did not specify the exact value of the contracts but as per L&T specification, a significant contract ranges between Rs 1,000 crore and Rs 2,500 crore. NEW DELHI: Larsen & Toubro (L&T) on Friday said its construction arm has won significant contracts in domestic and overseas markets. However, the company did not specify […]

France’s Total to acquire 20% stake in Adani Green

PFC, REC to provide Rs 8,520 cr loan to SJVN’s power project in Bihar

“PFC along with REC executed a MoU with STPL for extending term loan of Rs 8,520.46 crore for 2×660 MW Buxar Thermal Power Project New Delhi: State-owned PFC and REC have signed an initial pact with SJVN to provide Rs 8,520 crore worth loan for a thermal power plant in Buxar, Bihar. “PFC along with […]

L&T Construction wins contracts for power transmission & distribution business in Bangladesh

Loans worth Rs 1.18 lakh crore sanctioned under discom liquidity package

In May, Finance Minister Nirmala Sitharaman had announced Rs 90,000 crore liquidity infusion into cash-strapped discoms facing demand slump due to the COVID-19 crisis. New Delhi: Loans worth Rs 1.18 lakh crore have been sanctioned so far by state-run non-banking finance firms Power Finance Corporation and REC Ltd under the liquidity package for stressed power […]

L&T Construction wins contracts for power transmission & distribution business in Bangladesh

Russian nuclear power major Rosatom enters energy storage business

The newly incorporated RENERA will develop and trade module type lithium-ion traction batteries for electric vehicles, as well as energy storage systems for emergency power supply, renewable energy resources and smoothing load demand. Chennai: Russia’s integrated nuclear power major Rosatom has floated a new subsidiary RENERA to develop and market lithium-ion traction batteries for electric […]

The Miraculous Material Transforming Energy Storage

Nissan takes on Tesla in China’s electric car market

The Japanese carmaker is hoping its new all-electric sports utility vehicle (SUV) Ariya will sell well in China. But it faces tough competition from Tesla which has a strong presence in the world’s largest car market. Electric cars are a cornerstone of Nissan’s four-year plan to get it back to profitability. The Ariya was launched […]

GM Canada reaches $1B tentative deal for electric vehicle manufacturing at Ingersoll CAMI plant

ANDRITZ bags over Euro 50 million equipment contract for J&K hydro power project

The 624 Megawatt project is located on the Chenab river in Kishtwar district. New Delhi: Austria-based technology company ANDRITZ today announced it has bagged a contract worth over Euro 50 million from Chenab Valley Power Projects for supplying the complete electro-mechanical equipment for the run-of-the-river Kiru hydropower plant in Jammu & kashmir. The 624 Megawatt […]

France’s Total to acquire 20% stake in Adani Green

PFC in talks with bankers for $750 million overseas bond issue

PFC had raised over $2 billion through similar overseas offerings in the previous fiscal year. Its last offering of $750 million was in January and attracted bids for four times the bonds on offer New Delhi: Power Finance Corporation (PFC) is in discussions with bankers to raise up to $750 million through an overseas bond […]

Jinchen signed a large order with WAAREE for 3GW high-efficiency photovoltaic module production line