TELANGANA ENERGY
Renewable energy firm ACME Solar Holdings files papers for Rs 3,000-crore IPO
The Gurugram-based company's proposed IPO is a combination of fresh issue of shares worth Rs 2,000 crore and an offer for sale (OFS) of shares valued Rs 1,000 crore by ACME Cleantech Solutions, according to the DRHP. The offer also includes a reservation for a subscription by eligible employees. The company may consider issue of securities to the tune of up to Rs 400 crore as a "pre-IPO placement". If such placement is completed, the fresh issue size will be reduced.
Warehouse operators take shine to solar power, rework logistics
The move towards renewable energy is not just a response to global environmental concerns but also a strategic business decision for many warehouse operators seeking to reduce operational costs and enhance sustainability.
Adani to invest Rs 2 lakh crore in renewable energy capacity addition by 2030
Adani Group plans to invest Rs 2 lakh crore by 2030 to achieve 40 GW of renewable energy generation capacity, aiming for net zero emissions by 2050. With over 10 GW capacity currently, they aim to add 6-7 GW annually to reach 50 GW by 2030. The investment is estimated at Rs 5 crore per megawatt. Adani Green Energy Ltd has added 2.8 GW capacity in FY24.
Telangana government carries out reshuffle of IAS officers
Telangana Congress government reshuffled 44 IAS officers. key appointments were made including Sandeep Kumar Sultania moving from Principal Secretary of Panchayati Raj to Finance, D Ronald Rose from GHMC Commissioner to Energy Secretary, Amrapali Kata taking on GHMC Commissioner duties, Sabyasachi Ghosh moving to Animal Husbandry, and Sanjay Kumar being assigned to Labour, Employment, Training, and Factories. There were other changes in various departments.
Switching to green careers: A quick guide to skills and strategies for a smooth transition
Rising demand for sustainability roles prompts a shift towards green careers. Industry experts emphasize understanding required skills and pay structures. Key roles include wind turbine technicians, ESG analysts, and energy specialists. Acquiring skills like carbon accounting and climate action planning is crucial for success.
Southern India can Lead India's pursuit of 500GW renewable target by 2030: Experts and industry players
Southern states like Karnataka, Kerala, Tamil Nadu, Andhra Pradesh, and Telangana hold immense solar and wind energy potential. However, realizing this potential requires substantial investment in strengthening transmission infrastructure.
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Solar cell maker Premier Energies files IPO papers to raise more than Rs 1,500 crore
Premier Energies IPO consists of a fresh issue of equity shares aggregating up to Rs 1500 crore and an Offer for Sale (OFS) of up to 2,82,00,000 shares by the selling shareholders.
Apple enters JV with CleanMax to invest into rooftop solar projects in India
The solar project will have a total size of 14.4 megawatts, which will provide a local solution to power the company’s offices and the two retail stores in Mumbai and New Delhi, the Cupertino-based smartphone major said in a statement.
Life in the light: With solar energy, Sachin Shigwan is trying to bridge energy inequality in rural India
For villages in rural India, lack of electricity prevents people from leading a better life. With solar energy, Sachin Shigwan is trying to make a difference.
Why Telangana is still stuck in the slow EV lane
Telangana struggles with EV adoption, having 70,000 EVs, falling short compared to neighboring states. Challenges include lack of incentives, safety concerns, and charging infrastructure. Greater Hyderabad leads with 43,000 EVs.
Electoral bonds: A look at top buyers, other key numbers
Here’s a look at the top electoral bond buyers along with an examination of some of the other key numbers that have emerged from the initial data dump.
India is installing solar powered EV charging stations. Will it work?
Solar EV charging stations are gradually making their way into the country. But can it be a long-term viable solution for wider EV penetration?
Solar cell company Premier Energies to file for IPO
About 70% of offer is anticipated to constitute a fresh fund-raising initiative aimed at securing growth capital for expansion purposes, with the remaining portion allocated for an offer for sale from existing shareholders.
PM Modi launches projects worth Rs 7,200 crore in Telangana; highlights Centre's focus on infra push
Prime Minister Narendra Modi inaugurated and laid foundation for development projects worth over Rs 7,200 crore at Sangareddy, Telangana. He emphasized on the development of Telangana and the importance of modern infrastructure for a developed India. Modi also inaugurated the Civil Aviation Research Organisation (CARO) centre at Begumpet Airport and various National Highway projects.
Telangana: PM Modi offers prayers at Ujjaini Mahankali Temple in Secunderabad
Prime Minister Narendra Modi on Tuesday offered prayers at Ujjaini Mahankali temple in Secunderabad, Telangana. According to the Prime Minister's Office, the PM will inaugurate and lay the foundation stone for three National Highway projects.
PM Modi to lay foundation of NTPC projects worth Rs 30k cr on Monday
Prime Minister Narendra Modi will dedicate NTPC's various projects worth Rs 30,023 crore on March 4, 2024. The projects include the Telangana Super Thermal Power Project, North Karanpura Super Thermal Power Project, Singrauli Super Thermal Power Project, Sipat Super Thermal Power Station, Green Hydrogen Plant, Flue gas CO2 to 4G Ethanol Plant, seawater to green hydrogen plant, and fly ash-based FALG Aggregate Plant.
PM Modi's 10-day tour across India: 29 programmes in twelve states, UTs
Over the next ten days, Prime Minister Narendra Modi will attend 29 programmes in twelve states and Union Territories, inaugurating, dedicating, and laying foundation stones for multiple development projects, including semiconductor projects. He will also participate in the National Creator's Award and inaugurate the Haryana section of the Dwarka Expressway.
Torrent, three others in race for Stride Climate
Green energy producers, including Torrent Power, Sembcorp, JSW Neo Energy, and Actis, are in talks to acquire Stride Climate Investments. Macquarie Group is also selling Vibrant Energy. India's renewable energy capacity is expected to increase to 170 GW by March 2025.
JSW to invest Rs 9,000 cr for setting up 1500 MW pumped storage project in Telangana
JSW Neo Energy, a subsidiary of JSW Energy, will establish a 1,500 MW pumped storage project in Telangana with an investment of Rs 9,000 crore. The Memorandum of Understanding (MoU) for the project was signed at the World Economic Forum in Davos. The Chairman of JSW Group, Sajjan Jindal, met with the Chief Minister of Telangana, A Revanth Reddy, to announce the plan.
Adani Group of companies to invest Rs 12,400 crore in Telangana; signs MoUs with Govt of Telangana
Adani Group will invest Rs 12,400 crore in Telangana, including Rs 5,000 crore in a 100 MW data center powered by renewable energy. Adani Green Energy will invest over Rs 5,000 crore in two pump storage projects, Ambuja Cements will invest Rs 1,400 crore in a cement plant, and Adani Defence Systems will invest over Rs 1,000 crore in a comprehensive ecosystem for defense capabilities.
Adani signs 4 MoUs with Congress-ruled Telangana government worth over Rs 12,400 crore at Davos
Adani Group has signed four Memorandums of Understanding (MoUs) with the Telangana government for an investment of over Rs 12,400 crore at the World Economic Forum 2024. The deals include investments from Adani Enterprises, Adani Green Energy, Ambuja Cements and Adani Defence Systems & Technologies. The CM at Davos to attract investments to Telangana and promote collaboration between enterprises, governments, and stakeholders.
Adani plans to make missiles, drone system in Rahul Gandhi's Congress-ruled Telangana
Adani Group aims to boost its presence in Telangana, planning missile and counter-drone system production, along with a pumped storage power project. Discussions with Chief Minister Revanth Reddy also included the possibility of industrial clusters and a 300MW capacity increase in state data centers. The state pledges support for infrastructure and subsidies, emphasizing its commitment to fostering industrial growth and job creation.
Telangana will extend necessary support to Amara Raja's Rs 9,500 cr project, says CM Revanth Reddy
The Telangana government has pledged to support Amara Raja's advanced chemistry cell gigafactory and battery pack assembly unit in Mahbubnagar district. The company, a key partner in Telangana's growth story, is focusing on the operationalisation of the Advanced Chemistry Cell (ACC) Gigafactory, Pack Assembly, and ePositive Energy Labs in the state.
Apraava Energy secures 300 MW wind energy project in Karnataka
Apraava Energy has secured a 300 MW wind energy project in Aski, Karnataka, as part of the 1,200 MW auction capacity from the Solar Energy Corporation of India (SECI). The project is connected to the ISTS and is part of Tranche-XIV of SECI's wind power projects. Apraava Energy will handle land acquisition, wind farm development, and grid infrastructure.
Telangana CM orders judicial probe into power deals, projects by BRS govt
Alleging that large scale corruption took place in the construction of Bhadradri and Yadadri thermal power plants, Reddy said the judicial probe would also be ordered into those two issues. After the Deputy Chief Minister Bhatti Vikramarka tabled the White Paper, BRS legislator Jagadish Reddy who initiated the short discussion said the previous government increased the installed capacity of the power and created a lot of assets.
Komatireddy Venkat Reddy takes charge as Telangana Minister for Roads, Buildings
Ahead of the polls, Congress MLA Komatireddy Venkat Reddy earlier sparked controversy after a video of him allegedly saying, "Sonia Gandhi is going to give the CM position to me" was widely shared on social media.
Portfolios allocated to Ministers in new Congress govt in Telangana
Ministers were assigned the departments they will be in charge of in Telangana. Chief Minister A Revanth Reddy will be handling Municipal Administration, General Administration, Law and Order and all other unallocated portfolios. Deputy Chief Minister Mallu Bhatti Vikramarka was allocated the key portfolios of Finance and Planning, Energy. N Uttam Kumar Reddy was given charge of Irrigation and CAD, Food and Civil Supplies, while Damodar Rajanarasimha is now the Minister for Health, Medical and Family Welfare, Science and Technology.
Newly-elected MLAs take oath as maiden session of Telangana Assembly begins
The first session of the Third Telangana Legislative Assembly commenced with the oath-taking ceremony for newly-elected MLAs. Chief Minister A Revanth Reddy and Deputy Chief Minister Mallu Bhatti Vikramarka took their oaths, with AIMIM MLA Akbaruddin Owaisi sworn in as Protem Speaker. CM Reddy retained Municipal Administration, Urban Development, General Administration, and Law & Order, along with unallocated portfolios.
Telangana assembly election: Will BJP emerge a kingmaker or just play spoilsport?
In the upcoming Telangana polls, the Bharat Rashtra Samithi (BRS) and Congress are engaged in a direct battle, with incumbent BRS leader Chief Minister K. Chandrashekar Rao seeking a third term. While the BJP, not poised to secure power independently, could play a crucial role if the BRS-Congress contest ends in a tie. However, some believe the BJP might disrupt the electoral landscape for the two primary parties in numerous constituencies. In the 2018 state polls, the BJP secured only one seat out of 119, but in the 2019 Lok Sabha elections, it gained four seats and a 19.7% vote share.
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