The government has introduced a mandatory 25-day gap between LPG cylinder bookings due to supply concerns arising from global disruptions and tensions in the Strait of Hormuz. This measure aims to prevent hoarding and prioritise essential non-domestic sectors, while domestic LPG production is being increased to mitigate shortages.
Modi, who visited Cyprus in the first leg of his three-nation visit, reiterated India's support for Cyprus's unity and for a peaceful resolution of the Cyprus Question based on UN Security Council resolutions, international law, and the EU Acquis.
Power Grid Corporation of India (PGCIL) was one of the top Sensex gainers in trade on Monday, ending with gains of nearly 9 per cent. The stock has gained about 42 per cent year-to-date. For the March quarter, the company reported a revenue of Rs 12,000 crore, which was down 3 per cent year-on-year (Y-o-Y) but up 4 per cent quarter-on-quarter (Q-o-Q). The drop was on account of one-time arrears related to the Nagapattinam tariff bid competitive bidding (TBCB) project in Q4 FY23.
Prime Minister Narendra Modi will visit Uttar Pradesh, Chhattisgarh, Telangana and Rajasthan on July 7 and 8 during which he will inaugurate and lay the foundation stones of about 50 projects worth around Rs 50,000 crore, official sources said Tuesday.
When Vineet Mittal first got into solar power, sometime around 2009, and was planting solar panels in Gujarat, renewable energy looked like a sector ripe for startups. Renewables were clearly the future of energy, and the big boys - Mukesh Ambani's Reliance, Adani Group, and the Tatas - were focusing much more on coal and petroleum. Little did Mittal know that things were going to change drastically.
Despite enduring a weak first quarter of the 2023-24 financial year (Q1FY24), Power Grid Corporation (PGCIL) has laid out an ambitious capex plan going forward. It is looking to invest around Rs 1.8 trillion on an existing asset base of Rs 2.7 trillion to aim at keeping over 50 per cent market share in the transmission market. This includes opportunities from the Rs 2.4 trillion green energy corridor.
Puri said the government has a moral duty to provide energy at affordable rates to consumers.
Pakistan turned to China after the US refused it a civilian nuclear agreement.
After witnessing cloudy skies this year, the country's renewable energy sector is expected to boom with a likely investment of over $15 billion in 2022 as the government focuses on electric vehicles, green hydrogen, manufacturing of solar equipment as well as achieving the ambitious 175 GW renewable capacity target. India, which has an installed renewable energy generation capacity of a little over 150 GW, aims to reach 175 GW in 2022. Out of the total mix, 100 GW would be from solar, 60 GW from wind, 10 GW from bio-power and 5 GW from small hydro power projects.
The countries will do joint research in higher education.
Stating that Pakistan can serve as a 'hub of economic activity' in the region by developing energy corridors, President Pervez Musharraf has offered to extend the proposed multi-billion-dollar Iran-Pakistan-India gas pipeline to China.\n\n
Pakistan President Pervez Musharraf has reiterated his country's commitment to continue contributing positively towards peace and harmony in the region keeping in view its geo-strategic location.
The pacts were signed by Finance Minister P Chidambaram and German Development Minister Gerd Mller.
PM said he admires German leadership in clean energy and commitment to combating climate change.
The hike in clean energy cess is likely to impact input cost for thermal power producers
India Inc gets about Rs 67,000 crore worth of fresh orders in the Sept quarter, a rise of 45% sequentially.
China's growing concern over the existence of terror training camps in Pakistan, establishment of an energy corridor and firming up of nuclear energy cooperation will come up for discussion during Prime Minister Nawaz Sharif's talks with the Chinese leadership in Beijing.
As the euphoria around US President Barack Obama's visit ebbs, the fine print of the investment announcements reveal a financial boost for American solar energy companies to increase their exports to India.
Germany, as the locomotive of Europe, has much to teach India in manufacturing and process management, says Rajeev Srinivasan.
Finance minister tries to put house in order before reforms are unveiled in February.
Tax incentives to have cascading effect on the capital goods industry.
An exercise to rationalise coal linkages which will optimize transport of coal and reduce cost of power is underway.
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