The company will raise $1.8 billion for the under construction and contracted portfolio of 12 GW, which includes the country's first manufacturing-linked solar power plant of 8 GW.
India's total purchase of oil from Russia in a month is probably less than what Europe does in an afternoon, External Affairs Minister S Jaishankar said.
Fitch Solutions on Thursday said the new climate targets announced at the COP26 summit by Prime minister Narendra Modi pose an upside risk to its outlook for renewable growth in the country. With the new targets, it expected to see attempts to alleviate the issues regarding supply chains, manufacturing and project development that have long plagued renewable proliferation.
Giving more details about the preparations, the senior official said 36 states and Union territories have concluded meetings of State Steering Committees and State Task Force, while 633 districts have concluded meetings of the District Task Force in this regard.
Many imported things became costlier as Finance Minister Arun Jaitley on Thursday hiked customs duties on these products in the Union Budget 2018-19.
The clean energy sector in India will be one of the first sectors that would benefit during Prime Minister Narendra Modi's US trip. The sector awaits investments worth about $1 billion from US companies.
Moser Baer India Ltd said on Monday its wholly-owned subsidiary Moser Baer Photo Voltaic Ltd has invested into US-based Solaria, a photovoltaic concentration technology company.
A host of Indian companies, including Reliance Industries (RIL), Videocon, Moser Baer, Titan Energy, KSK Energy Ventures and Signet Solar, have submitted proposals worth over Rs 60,000 crore to the government for manufacturing wafers, polysilicon, solar cells, solar photovoltaic modules (SPV) and liquid crystal display (LCD) for semiconductor devices.
On Thursday, the four-stage, 44.4 metre tall PSLV-C53 that blasted off from the second launch pad of Satish Dhawan Space Centre and placed the three Singapore satellites--DS-EO, NeuSAR and SCOOB-1 in intended orbit.
India's second mission to the moon will be launched on Monday at 2.43 pm after its initial launch on July 15 was called off owing to a "technical glitch."
The rover, Zhurong, named after a god of fire and war in Chinese mythology, landed at the pre-selected area in Utopia Planitia on Mars, the state-run Xinhua news agency reported.
More than a year of Covid-19 has pushed most businesses into gloom but Reliance Industries Ltd (RIL) managed to reduce its gross debt 25 per cent, enabling it to turn towards its next phase of capital expenditure that has come in the form of a Rs 75,000-crore plan for green energy and power storage. The company managed to stay afloat during the pandemic because of its large presence in the consumer-centric businesses of retail and telecommunication (see chart: "A new Reliance"). These two businesses constituted 45 per cent of its EBITDA during FY21 from 36 per cent in FY20.
The cubical vehicle, exclusively designed for travelling on the moon, is fitted with a solar panel.
NASA said it is looking forward to explore the solar system with its Indian counterpart.
The spacetech startup is expected to launch the first rocket which can hurl satellites of 250-700 kg into a lower Earth orbit by end-2021.
Eyeing to become India's largest player in 2020 Adani Group plans to invest 70 per cent of its capital expenditure in clean energy and energy efficient systems.
The world's very first space hotel is slated to open in 2027. Named the Voyager Class space station, the hotel will be able to hold up to 400 guests.
The Indian Space Research Organisation has resolved to alight its lander on the lunar surface with Chandrayaan-3 in addition to a maiden solar expedition in 2020.
Reliance Industries on Friday reported a 41.5 per cent jump in its third quarter net profit as oil, retail and telecom businesses fired on all cylinders. Net profit of Rs 18,549 crore in October-December compared with Rs 13,101 crore a year back, the company said in a stock exchange filing. Income from operations rose to Rs 1.91 lakh crore from Rs 1.28 lakh crore.
Finance Minister Nirmala Sitharaman on Tuesday unveiled a Rs 39.45 lakh crore Budget with a view to fire up the key engines of the economy to sustain a world-beating recovery from the pandemic. This was Sitharaman's fourth Budget. While the taxpayers were left in the lurch, once again, was she able to cheer Corporate India?
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.
Son's offer to supply free power after 25 years is based on the idea that the cost of running a solar plant would progressively decline while its efficiency would increase.
After missing two self-imposed deadlines, billionaire Mukesh Ambani's Reliance Industries Ltd on Friday announced recalibration of a proposed $15 billion deal to sell 20 per cent stake in its oil refinery and petrochemical business to Saudi Aramco, saying the two firms have agreed to re-evaluate the proposed investment in light of the Indian firm's new energy forays. The stake sale talks, which were first officially revealed in August 2019, are being reset in light of Reliance making forays into new energy business in recent months by investing $10 billion in alternative energy over three years. To pivot to green energy, it has already bought a German maker of photovoltaic solar wafers and signed a deal with a Danish company to manufacture hydrogen electrolysers in India.
Centre has approved of $7 billion investments in Fab City project in Hyderabad. The investments will mostly be made for solar-photovoltaic module manufacturing plants.
International Finance Corporation, the private equity arm of the World Bank, will invest $22.5 million (Rs 91.71 crore) in a subsidiary of Moser Baer, a manufacturer of optical storage discs.
Unlike RIL, the Adani group has not yet brought in any big stakeholders to refinance debt or expand.
The public issue of 39,56,808 equity shares would open on December 4 and close on December 7. The company has fixed a price band of Rs 125 to Rs 150 per equity shares to be decided through book building.
This can happen if the government reaches its goal of 100 giga watts of solar photovoltaic energy and 60 GW of wind energy
The precise location of the spacecraft in the lunar highlands has yet to be determined.
Tax incentives to have cascading effect on the capital goods industry.
Prime Minister Narendra Modi on Friday said production linked incentive (PLI) scheme, which is aimed at boosting domestic manufacturing and exports, is expected to increase the country's production by $520 billion in the next five years. Addressing a webinar on PLI scheme, organised by Department of Industry and International Trade (DPIIT) and NITI Aayog, through video conference, Modi said the government is continuously carrying out reforms to boost domestic manufacturing. In this year's Budget, about Rs 2 lakh crore was earmarked for the PLI scheme for the next five years and "there is an expectation that the scheme would result in increasing the production by about $520 billion in the next five years", he said. He added that there is also an expectation that the current workforce in the sectors, which will avail the benefits of the PLI scheme, will be doubled and job creation will also increase.
Asked if the lander was 'damaged' during the 'hard landing", Sivan said: "That we do not know".
Power Minister Piyush Goyal on the government's manufacturing push and other key issues.
An ISRO official said: "Unless and until everything is intact (lander), it's very difficult (to re-establish contact). Chances are less. Only if it had soft-landing, and if all systems functioned, then only communication can be restored. Things are bleak as of now."
The group will be in a better position to now scale up most of its segments irrespective of government policy, but the bad news others add is its growing debt.
The Chandrayaan-2 will conduct the next level of scientific studies on the Moon, writes T E Narasimhan.
While consumers will be paying a higher upfront cost for smart metering, the share in the efficiency gains could more than offset this higher spend
An exercise to rationalise coal linkages which will optimize transport of coal and reduce cost of power is underway.
The International Space Station has completed 15 years of continuous human presence.
Hours before Chandrayaan-2's 'Vikram' module's proposed soft landing on the Lunar surface, Indian Space Research Organisation chairman K Sivan said on Friday things are progressing as per plan for the much-awaited event.
