In Short : ONGC Green Limited, a subsidiary of ONGC, has acquired PTC Energy Limited for ₹1,179 crore. The acquisition includes PTC Energy’s 288.8 MW renewable energy assets, primarily wind power projects. This strategic move strengthens ONGC’s green energy portfolio, aligning with its plans to expand in the renewable sector and support India’s clean energy […]
Power Ministry Strengthens Solar Bidding Rules to Boost Financial Security and Project Efficiency – EQ
In Short : The Power Ministry has revised solar bidding guidelines, introducing stricter financial security provisions to enhance project viability and investor confidence. Key changes include higher bank guarantees, improved payment security mechanisms, and stricter penalties for delays. These revisions aim to ensure timely project execution, reduce risks, and promote a more sustainable and transparent […]
Hyundai Strengthens India’s EV Landscape with Localization and Innovation – EQ
In Short : Hyundai Motor India has achieved 92% localization, producing over 1,200 components and assembling EV battery packs locally at its Chennai facility. With an annual capacity of 75,000 battery packs, the initiative powers models like the Creta Electric, saves $672 million in foreign exchange, and creates 1,400+ jobs, boosting India’s EV manufacturing ecosystem. […]