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Centre Commits Rs 10 Bn to NE Waterways by 2026
The central government will invest an additional Rs 10 billion in inland waterways projects across Assam and the Northeast by 2026, Union Ports, Shipping and Waterways Minister Sarbananda Sonowal announced on Monday.Reviewing the progress of ongoing initiatives with senior officials from the ministry, Inland Waterways Authority of India (IWAI), Public Works Department (PWD), Indian Port Rail and Ropeway Corporation Limited (IPRCL), and Cochin Shipyard Limited (CSL), Sonowal reaffirmed the Centre鈥檚 commitment to transforming the region into a key maritime hub.In the past two years, projects w..
Premier, SAS Form JV for Solar Wafer Plant in India
Premier Energies Ltd, a leading Indian solar cell and module manufacturer, has entered into a 74:26 joint venture with Taiwan-based Sino-American Silicon Products Inc. (SAS), the parent firm of GlobalWafers鈥攃urrently the world鈥檚 third-largest producer of semiconductor silicon wafers.The new joint venture will set up a cutting-edge manufacturing facility in India with a capacity of 2 gigawatts (GW) per annum. The plant will focus on slicing polysilicon ingots into silicon wafers, which will then be used in the production of photovoltaic (PV) cells and modules.The collaboration combines Prem..
Waaree To Acquire Kamath Transformers for Rs 2.93 Bn
Waaree Energies announced on Monday that its board has approved the acquisition of Kamath Transformers Pvt. Ltd. for approximately Rs 2.93 billion. Kamath Transformers is engaged in the manufacturing of electrical transformers.In a stock exchange filing, Waaree Energies stated that the acquisition is part of its broader business expansion strategy aimed at strengthening its presence in the power equipment sector.Additionally, the board approved the acquisition of Green New Delhi Forever Energy Pvt. Ltd. by Waaree Forever Energies Pvt. Ltd., a wholly-owned subsidiary of Waaree Energies. The acq..
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