In Short: BlackRock’s investment arm has acquired a ₹73 crore stake in TD Power Systems, indicating growing global investor interest in India’s power equipment and industrial solutions sector. This move highlights confidence in the company’s business fundamentals, long-term growth potential, and strategic role in the expanding power and engineering landscape. The investment reinforces India’s strong […]
Ban on power equipment imports from China, Pak; Can’t give jobs to country that transgresses into India: R K Singh
Any equipment imported will need permission and and we will not give permissions for equipment from China and Pakistan, Singh said. New Delhi: India will not allow import of power equipment from China and Pakistan, power minister R K Singh announced Friday morning, citing recent transgression in border areas and cyber security threats. Imports from […]
Chinese solar imports to be exempted from BCD if PPA signed earlier
The decision is subject to the approval of the Department of Revenue under the finance ministry, said RK Singh, minister of state for power and new and renewable energy New Delhi: Chinese imports for public solar power projects will be exempted from the basic customs duty if the power purchase agreements were signed before the […]
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 […]