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  • KPI Green Energy funded for 50 MW Hybrid Power Project in Bharuch, Gujarat

    KPI Green Energy secures ₹272 crore funding from NaBFID for its 50 MW hybrid power project in Bharuch, Gujarat. The project combines solar and wind energy under a 25-year PPA with GUVNL, boosting India’s renewable energy growth.

  • SJVN Secures 1,352 MW Solar Power Projects in Maharashtra: A Big Leap Towards Renewable Energy Goals

    Introduction SJVN Limited, via its clear-cut subsidary SJVN Green Energy Limited (SGEL), got to the next level in the field of the generation of Solar Power Projects in Maharashtra with […]

  • Kalyani Powertrain Partners with Compal Electronics for Manufacturing X86 Servers in India

    Kalyani Powertrain Ltd (KPTL), a fully owned subsidiary of Bharat Forge, has taken a major initiative in boosting the electronics manufacturing ecosystem in India. The company has entered into a […]

  • KPI Green Energy Secures Major Solar Power Projects: A Strategic Move in the Renewable Sector

    KPI Green Energy has secured Letters of Award for 15.90 MW of solar power projects through its subsidiary, Sun Drops Energia. With strong financial results and a growing focus on renewable energy, the company continues to expand its footprint in the green energy sector.

  • India’s Proposed 10% GST on Diesel Vehicles: A Push for Greener Roads

    In a bold move aimed at curbing vehicular pollution, India's Road Transport Minister, Nitin Gadkari, is proposing a 10% additional Goods and Services Tax (GST) on diesel engine vehicles. This 'pollution tax' seeks to encourage the adoption of cleaner transportation alternatives in one of the world's most polluted countries. Gadkari is urging the automobile industry to shift its focus towards electric and bio-fuel vehicles as a solution to reduce diesel vehicle production. However, concerns have arisen within the industry about the potential negative impact on sales, particularly for commercial vehicles that predominantly rely on diesel. As discussions continue, the proposal highlights the growing global concern for environmental sustainability in the automotive sector.

  • Boosting India’s Renewable Energy Sector: ₹3,760 Crore Viability Gap Fund for Battery Energy Storage Systems

    The ₹3,760 crore Viability Gap Fund (VGF) for Battery Energy Storage Systems (BESS) is a game-changing initiative in India's renewable energy sector. This government grant aims to reduce the cost of BESS projects, making energy storage a viable option for managing peak power demand. By providing up to 40% of the capital cost for 4,000 MWh of BESS projects, the VGF will significantly lower the levelized cost of storage. The scheme's emphasis on distributing 85% of BESS capacity to distribution companies (discoms) ensures consumer benefit and grid integration. With India's ambitious renewable energy goals, this initiative paves the way for a greener and more sustainable energy future.

  • Global Cooperation and Frameworks: Navigating Crypto Threats and Fostering Financial Inclusion in India

    Finance Minister Nirmala Sitharaman's call for global cooperation echoes the urgency of countering evolving threats posed by cryptocurrencies. In her address at the Global Fintech Fest, she emphasized the dual nature of crypto—both a threat and an opportunity. Sitharaman's vision of India leading in cross-border payments aligns with the country's ambition to reduce transaction costs and foster financial inclusion. Her insights into the formalization of the Indian economy highlight the nation's economic growth and increasing participation in formal financial systems.

  • Power Finance Corporation Partners with Assam Petrochemicals for Methanol and Formalin Plants

    Power Finance Corporation (PFC) and Assam Petrochemicals Ltd (APL) have joined forces to finance the creation of a 500 TPD methanol plant and a 200 TPD formalin plant in Assam, backed by a substantial Rs 1,229 crore term loan. The Namrup Methanol Plant, inaugurated in April 2023, signifies a significant milestone, with the Formalin Plant set to commence operations by March 2024. APL, a vital player in the region's chemical industry, has expanded its reach into neighboring countries. This partnership exemplifies PFC's dedication to advancing the northeastern region's economic growth.

  • Aditya L1 Solar Mission by ISRO: Groundbreaking Solar Exploration on a Budget

    In the realm of space exploration, India's ISRO continues to astound the world with its groundbreaking endeavors. The Aditya-L1 Solar Mission, scheduled for liftoff on September 2, promises to unveil the Sun's mysteries from a unique vantage point. What sets it apart is not only its scientific ambition but also its remarkable cost-efficiency, reflecting India's commitment to exploring the cosmos without breaking the bank. Positioned at Lagrangian point L1, this mission will provide unprecedented insights into our star, offering a glimpse into the secrets of the Sun's behavior and its influence on our technological world. As we embark on this 125-day journey to L1, the world eagerly awaits the discoveries that await us.

  • Unlocking Value and Growth Potential: Vedanta Ltd.’s Chairman Proposes Business Split

    In a visionary move, Vedanta Ltd.'s Chairman, Anil Agarwal, has set the stage for a transformative future. His proposal to split the conglomerate's diverse businesses into independent entities has ignited excitement among investors and industry enthusiasts alike. Agarwal's belief in the potential for each business to thrive on its own, coupled with the allure of attracting international investors, promises a new era for Vedanta Ltd. While this proposal is still in its infancy, it holds the potential to unlock significant value and redefine the company's trajectory. Stay tuned for the unfolding chapters of Vedanta Ltd.'s journey towards a brighter and more focused future.