The new range of e-cycles includes step-through cycles, cargo version cycles, and new long-range swappable battery cycles. Nexzu Mobility also said that it is well on its way to localising 100% of its EV parts in India. It is also open to discuss local manufacturing with Indian supplier partners. New Delhi: Nexzu Mobility, an end-to-end […]
Orient Green Power Company Posts Consolidated Loss of Rs 42.64 Cr in March Quarter
Orient Green Power Company Ltd (OGPL) on Friday reported a consolidated loss of Rs 42.64 crore in the March quarter, mainly due to lower revenues. New Delhi: Orient Green Power Company Ltd (OGPL) on Friday reported a consolidated loss of Rs 42.64 crore in the March quarter, mainly due to lower revenues. The company had […]
Electric Vehicles Manufacturer, Nexzu Mobility Launches Roadlark Cargo With Cutting-Edge Features
The Roadlark Cargo comes with a payload capacity of up to 50 kgs.Roadlark can run at a speed of up to 25 km/h while ensuring reduced cost of delivery by 95% coupled with the highest safety on wheels New Delhi : Nexzu Mobility, India’s homegrown leading e-mobility brand has launched its cargo version of Roadlark, […]
Keppel Eyes Warburg Pincus’ Stake in CleanMax
CleanMax’s portfolio includes 380MW of large-scale solar farms in Karnataka and Tamil Nadu that supply electricity to corporate customers and 220MW of solar rooftop projects. The proposed transaction is valued at around $200 million, with Rothschild handling the sale process. The deal value includes new investments in Mumbai-based CleanMax NEW DELHI : Singaporean conglomerate Keppel […]
PGCIL Board Approves Investments Worth Rs 2,202 Crore
The Board of Directors approved investment approval for “Transmission System Strengthening Scheme for evacuation of Power from Solar Energy Zones in Rajasthan (8.1 GW) under Phase-II – Part-B1” at an estimated cost of Rs 1,184.88 crore. New Delhi: State-run Power Grid Corporation of India Ltd (PGCIL) said its board has approved investments totalling Rs 2,202 […]
Dalmia Power Sells Indian Energy Exchange Shares Worth Rs 488 Cr
Dalmia Power has offloaded more than half of its shares it held in the firm and is now left with a little over 1.11 crore scrips. NEW DELHI: Dalmia Power Ltd on Thursday sold Indian Energy Exchange’s shares worth Rs 487.54 crore through an open market transaction. Dalmia Power has offloaded more than half of […]
About 7 GW of Unsigned PSAs Pose Risk to Renewable Energy Targets: CRISIL
This capacity is yet to be signed because subsequent auctions saw tariffs plummeting and even falling below Rs 2 in December 2020. New Delhi: Delays in power supply agreements (PSAs) for about 7 gigawatt (GW) of the bid out renewable energy projects might lead to 35 per cent shortfall in the 160-GW renewable energy capacity […]
Over Rs 9,000 Crore Worth of Renewable Energy Certificates Sold in India to Date: Report
The study said that as many as 99 per cent of all RECs sold have served to fulfill RPO requirements New Delhi: India’s renewable energy certificate (REC) market has recorded net sales worth Rs 9,266 crore during its decade of existence, according to a study released on Thursday by the CEEW-Centre for Energy Finance (CEEW-CEF). […]
Hero MotoCorp Ready to Introduce Products in Electric Segment Next Year
Hero MotoCorp has already entered two-wheeler EV in the form of investments in a Bengaluru-based EV startup Ather Energy. Earlier, the company had also announced its partnership with Taiwan-based Gogoro Inc to bring the latter’s battery swapping platform to India New Delhi: Hero MotoCorp, India’s biggest two-wheeler manufacturer, has announced that it will be entering […]
CESL to Procure 300 Electric Vehicles From Tata Motors
CESL to procure 300 Electric Vehicles from Tata Motors CESL and Tata Motors will work together to design, manufacture, and provide maintenance support for electric cars on a pan India basis New Delhi, May 18, 2021: Convergence Energy Services Limited (CESL), a wholly owned subsidiary of Energy Efficiency Services Limited (EESL) placed a Letter of […]