ADANI GREEN ENERGY LTD Q3 RESULTS
JSW, Vedanta, Adani among companies keen to buy GVK Energy's asset
JSW Energy, Adani Power, and Vedanta are among the companies vying for GVK Energy's 330 MW Alaknanda hydro power project in Uttarakhand, as insolvency proceedings against GVK Energy move forward. Several other firms, including Torrent Power and Jindal Steel & Power, have also expressed interest in acquiring the plant.
Inside the Hyundai raid: A monthslong probe that shook Georgia’s EV ambitions
A massive immigration raid at the Hyundai-LG battery plant in Georgia detained over 475 individuals, including South Korean nationals, halting construction and sparking economic and diplomatic repercussions. The action, targeting alleged visa violations and unlawful hiring, has raised concerns about U.S. visa restrictions and their impact on foreign investment in the EV sector.
Adani Group looks to invest USD 60 bn in power, RE sectors till FY32
Adani Group plans to invest approximately USD 60 billion in the power sector by FY32, with a significant focus on renewable energy expansion. The group aims to increase its renewable energy capacity to 50 GW by FY30, investing USD 17 billion in transmission and distribution capabilities. Adani Power will invest USD 22 billion to reach a 41.
Is repeating the same breakfast every day healthy? Dietitians explain
Having the same breakfast every morning can simplify your routines, reduce decision challenges, and offer a consistent, balanced beginning to your day. Dietitians cite that a consistent meal having protein, fiber, and healthy fats aids sustained energy. But, repetition can result in boredom and restrict nutrient variety.
Adani Power, Druk Green Power to set up a 570MW hydro power project in Bhutan
Adani Power and Druk Green Power Corporation (DGPC) have partnered to develop the 570 MW Wangchhu hydroelectric project in Bhutan, with an investment of approximately Rs 6,000 crore. This project will meet Bhutan's winter power demand and export surplus energy to India during summer.
Earnings recovery to drive market momentum: Mayuresh Joshi
Indian equity markets saw a 1% gain but stayed below 25,000, prompting analysis of underlying trends. GST rationalization is expected to boost volumes and margins from Q3, benefiting India Inc. Metals led sectoral gains, supported by potential US rate cuts and improved India-China ties. Despite positive indicators, markets remain cautious, awaiting earnings reset and resolution on US tariffs.
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Adani Power to set up 570 MW hydro power project in Bhutan in partnership with Druk Green Power
Adani Power and Druk Green Power Corporation Limited have signed an agreement for a 570 MW hydroelectric project in Bhutan. The Wangchhu project aims to meet Bhutan's winter power demand. It will also export surplus power to India during summer. Construction is expected to start in 2026. The project is targeted for completion within five years.
Bhutan, India ink 570 MW Wangchhu hydropower project deal
Bhutan's Prime Minister Tshering Tobgay hailed the Wangchhu Hydropower Project agreement with Adani Power Ltd. as a historic step in Bhutan-India's clean energy collaboration. During his India visit, which included diplomatic meetings and spiritual engagements, he met with EAM S Jaishankar, reaffirming the strong partnership between the two nations.
India’s first port-based green hydrogen pilot project begins production
Sarbananda Sonowal launched India's first Green Hydrogen Pilot Project at V.O. Chidambaranar Port. The project will power streetlights and an EV charging station. VOC Port is now the first in India to produce green hydrogen. India aims to be a top shipbuilding nation by 2030 and among the top five by 2047.
Clean energy projects installations to get cheaper due to lower tax on devices
India reduces GST on renewable energy devices. The GST Council approved the rate cut to promote green power adoption. Fuel cell vehicles and solar cookers also see reduced duties. The new rates take effect from September 22. Industry leaders expect lower project costs and increased investment. This move supports India's renewable energy targets and sustainable future.
Adani Green, Waaree Energies and other renewable energy stocks in focus as GST cut to 5% from 12%
Renewable energy stocks like Adani Green, Tata Power, NTPC, and Waaree Energies in focus after the GST Council cut tax on solar, wind, biogas, and other clean energy devices and parts to 5% from 12%, lowering costs for developers and boosting green transition.
KP Group partners with AHES, GH2 Solar to set up green ammonia plant in India
KP Group is collaborating with AHES and GH2 for green ammonia production. The facility will be in India with 100,000 metric tons capacity annually. KPI Green Hydrogen & Ammonia Pvt Ltd, AHES Co Ltd, and GH2 Solar Ltd signed a MoU. AHES and GH2 will arrange offtake agreements.
Inox Green signs O&M agreements for solar projects of 189.1 MWp
According to a company statement, the pacts include 96.6 MWp with a global PE-backed Independent Power Producer (IPP) for their projects located in Maharashtra and 92.5 MWp with an IPP for their projects located in Gujarat and Madhya Pradesh. With these additions, Inox Green's solar O&M portfolio has touched 1.8 GW, taking the total renewable O&M portfolio to 5.3 GW, the statement added.
Rooftop solar can deliver significant electricity cost savings for 3.3 lakh Indian SMEs: Study
A study by WRI India highlights the need for SME clusters to adopt rooftop solar solutions to reduce high electricity bills.
Adani Electricity Mumbai buys back bonds worth USD 44.66 mn six years ahead of maturity
Adani Electricity Mumbai on Tuesday said it has bought back senior secured notes worth USD 44.66 million six years ahead of their maturity as part of the company's capital management plan.
About 83% green energy switch funded domestically, need to unlock international finance: WRI India CEO
WRI India emphasizes the need to unlock international finance for India's green energy transition, as domestic funding covers 83% of the costs. Sectors like green steel and aviation require foreign investment to meet climate goals. The organization signed MoUs to accelerate clean energy adoption and electric mobility, urging MSMEs to embrace resilience and green skilling.
Gadkari calls for need-based research on green hydrogen to make it economically viable
Nitin Gadkari emphasized green hydrogen's potential to revolutionize transport, pharmaceuticals, and steel industries, aiming to reduce fuel costs and transform India into an energy exporter. He highlighted upcoming trials for green hydrogen trucks and the possibility of using municipal waste for cheap hydrogen production.
Adani Electricity Mumbai buys back bonds worth USD 44.66 mn six years ahead of maturity
Adani Electricity Mumbai on Tuesday said it has bought back senior secured notes worth USD 44.66 million six years ahead of their maturity as part of the company's capital management plan.
NTPC Green Energy announces commercial operation of 25 MW solar capacity
NTPC Green Energy, a subsidiary of NTPC, is set to commercially operate 25 MW of solar capacity starting September 3, 2024. This addition will increase the NTPC group's total installed and commercial capacity to 83,366 MW. NTPC, India's largest power generation entity under the Ministry of Power, continues to expand its renewable energy portfolio.
Rs 2.4 lakh crore wiped out from Mukesh Ambani stocks in 1 year. Can Reliance drive the comeback?
Mukesh Ambani's ten companies collectively experienced a market value erosion of nearly Rs 2.4 lakh crore in the past year, with Reliance Industries leading the decline. Despite this downturn, brokerages remain optimistic about Reliance's long-term prospects in telecom, new energy, and AI, while concerns linger regarding the Jio IPO and its potential benefits for RIL shareholders.
Adani Green Energy operationalises 125-megawatt project in Gujarat
Adani Green Energy Ltd (AGEL) announced on Monday the operationalization of a 125-megawatt solar power project in Khavda, Gujarat, through its subsidiary, Adani Renewable Energy Fifty Six Limited. This addition elevates AGEL's total operational renewable generation capacity to an impressive 15,990.5 MW, reinforcing the company's commitment to expanding its green energy footprint in India.
Adani Power shares jump 2% on Rs 10,500 crore investment for 800 MW thermal power project in MP
Adani Power secured a Letter of Award from MPPMCL to develop an 800 MW Ultra-supercritical thermal power project in Madhya Pradesh, involving an investment of Rs 10,500 crore. The company emerged as the lowest bidder, offering a tariff of Rs 5.838 per unit.
IOC's Project SPRINT starts to show results, company gains retail dominance
Indian Oil Corporation's Project SPRINT is yielding positive results, enhancing refinery performance and regaining fuel retail leadership. IOC is expanding refining capacity to 98.4 million tonnes by 2028 and its pipeline network to 22,000 km. The company is also investing significantly in petrochemicals and renewable energy to achieve net-zero emissions by 2046, allocating ₹1.66 lakh crore over five years.
Reliance bets big on green energy with mega solar, hydrogen moves
Reliance Industries is embarking on a comprehensive green energy strategy, aiming to establish the world's most integrated new energy ecosystem. RIL plans to significantly expand solar manufacturing, targeting 20 GW capacity, and focuses on green hydrogen production, aiming for large-scale production by 2032. The company envisions its new energy business rivaling its oil-to-chemicals sector within 5-7 years.
Adani Power to develop 800 MW thermal power plant in Madhya Pradesh for Rs 10,500 cr
Adani Power secures a major deal. It will supply power to Madhya Pradesh. The project involves setting up an 800 MW plant. This plant will be in Anuppur district. Adani Power will invest Rs 10,500 crore. The company won a competitive bid. The plant will be commissioned in 54 months. This move strengthens India's energy security.
From oil to green power: Reliance bets on the world’s largest clean energy hub
Reliance Industries is shifting from fossil fuels to clean energy. The company plans a mega battery plant by 2026. It will build a solar project larger than Singapore. Reliance aims for 3 million tonnes of green hydrogen by 2032. Anant Ambani envisions an integrated new energy ecosystem.
Adani Power gets LoA for 2,400 MW thermal power project in Bihar
Adani Power has secured a Letter of Award from Bihar State Power Generation Company Ltd. to supply electricity for 25 years. The company will invest USD 3 billion to establish a 2,400 MW ultra-supercritical power plant in Bhagalpur district, Bihar. This project aims to meet India's growing power demand and generate employment opportunities.
Adani hits record Rs 23,793 crore Ebitda in June quarter
The Adani Group's Ebitda reached a record ₹23,793 crore in the June quarter, driven by strong cement business growth. This offset a weaker performance from Adani Enterprises, where Ebitda declined. The group's overall Ebitda growth supports its planned capital expenditure of ₹1.5 to 1.6 lakh crore, aiming for ₹2.5 lakh crore Ebitda by FY30.
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