Binani Cement debt may be turned into equity
ReNew To Invest Rs 220 Bn in Andhra Hybrid Project
ReNew Energy Global announced on Friday that it will invest Rs 220 billion (approximately $2.57 billion) to establish a large-scale hybrid renewable energy project in Andhra Pradesh, as it seeks to capitalise on India鈥檚 surging clean energy demand.The project will contribute a total capacity of 2.8 gigawatts (GW), comprising 1.8 GW of solar and 1 GW of wind, and is expected to supply power during peak hours for up to four hours a day.ReNew, India鈥檚 second-largest renewable energy company after Adani Green, has operations across ten Indian states and a global portfolio totalling 17.4 GW as ..
Alpex Solar Secures Rs 10.7 Bn in New Solar Contracts
Greater Noida-based Alpex Solar on Thursday announced it has secured contracts totalling Rs 10.7 billion from multiple entities, including the Central Mine Planning and Design Institute Ltd (CMPDIL), a subsidiary of Coal India, and the Haryana Renewable Energy Development Agency.In consortium with NVNR Power & Infra Ltd, Alpex bagged a Rs 3.5 billion contract from CMPDIL for the design, engineering, procurement, construction, and commissioning of a grid-connected solar power plant at Nandan Washery in Maharashtra. Alpex holds a 70 per cent stake in the consortium, which will also build a 3..
EU and India Launch Rs 39.4 Bn Joint Green Tech Projects
In a move to tackle pressing environmental issues, the European Union and India have jointly launched two major research and innovation initiatives under the EU-India Trade and Technology Council (TTC), with a combined investment of EUR 41 million (Rs 3.94 billion).According to a statement by the EU Delegation to India, these projects focus on combatting marine pollution and developing waste-to-renewable hydrogen technologies, aligning with global sustainability goals and national policies such as India's National Marine Litter Policy and the EU鈥檚 Zero Pollution Action Plan.The first initiat..
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