Reliance Industries Ltd (NS:RELI)stumbled almost -4.63% since Thursday (24th June) after its 44th AGM. The primary reason is the green (RE) CAPEX (initial) announced for Rs.75B for the next three years (FY: 23-25), which may cause more negative FCF (Free Cash Flow) for the company and lower ROCE (return of capital employed). The market was […]
Africa is only tapping into 0.01% of its wind power potential
In 2020, 821 MW of new wind power capacity was installed in Africa and the Middle East, bringing total capacity in the region to over 7 GW, which helps to avoid 10.7 million tonnes of CO2 emissions annually – equivalent to taking 2.3 million passenger cars off the road. The technical wind resource potential on […]
23 GW of Potential and Growing: How Ladakh Plans to Lead India’s Solar Charge
“The proposed 7.5 GW mega solar energy project in Ladakh will be the region’s greatest contribution to the world in reversing the climate change.”’ Ever since Ladakh was declared a Union Territory, there has been a lot of chatter about its potential benefits. While the administrative modalities are still being finalised, the region has received […]