WH GROUP
Adani to invest over $1 bn in Sri Lankan wind projects
Adani Group plans to invest over USD 1 billion in setting up projects in Sri Lanka through Adani Green Energy Ltd. The projects include two wind farms in Sri Lanka's Mannar town and Pooneryn village with a total capacity of 484 megawatts.
Avaada Energy bags 1,050 MWp solar project
Avaada Energy has won a 1,050 MWp solar project through an NTPC-conducted auction, marking the largest single bid secured in the tender. The project, awarded at a tariff of INR 2.69 per kWh, is to be completed within 24 months of signing a 25-year Power Purchase Agreement (PPA). This achievement brings Avaada's portfolio to 15 GW in India.
Kia unveils revamped EV6 electric vehicle with bigger battery
Kia, South Korea's second-largest automaker, on Tuesday announced the release of a redesigned and upgraded version of its EV6 electric vehicle, which was first introduced in 2021.
Mahindra Susten draws up plan to step up its green energy play, plans to invest ₹21,000 cr in next 5 years
Mahindra Susten plans to invest ₹21,000 crore in a 5.5 GW renewable energy portfolio over 5 years with Ontario Teachers' Pension Plan. The company aims to avoid a heavy debt burden through asset flipping and expand into the hybrid renewable energy sector.
Mahindra arm forays into hybrid renewables segment with a Rs 1,200 crore project
Mahindra Group ventures into hybrid renewable energy with a Rs 1,200 crore investment in a solar and wind project, partnering with Ontario Teachers' Pension Plan Board. Mahindra Susten will develop the project, comprising 101 MW wind and 52 MW solar capacity, one of Maharashtra's largest co-located projects. Scheduled for completion within a year, it emphasizes sustainability and aims to boost Mahindra's renewable energy share to over 60% by FY26.
Torrent Power, Lanco emerge as lowest bidders in gas-fired power auction
Torrent Power's DGEN Power plant and Lanco Group were among the lowest bidders in an auction to supply natural gas-fired power during peak electricity demand in India, a document revealed. India, predominantly reliant on coal for electricity generation, is turning to gas-fired power amid fears of shortages during Prime Minister Narendra Modi's election year.
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This Christmas, your local airport's got swanky, Mr Solanki, but some things don't change
The article highlights the transformation of Indian airports into modern, aesthetically pleasing spaces, such as Bangalore's new Terminal 2. The author describes the airport's unique design and eclectic retail outlets. The piece humorously contrasts the experiences at different Indian airports, including the vastness of Delhi airport, the moroseness of Kolkata airport, and the bustling atmosphere of Mumbai airport.
Ambuja Cements unveils Rs 6,000 crore green power move
The company will seek to target a capacity of 1,000 megawatts (MW) through solar and wind power projects in Gujarat and Rajasthan. The lineup includes a 600 MW Solar Power project and 150 MW Wind Power project in Gujarat and a 250 MW Solar Power project in Rajasthan, an exchange filing said.
Revuelto hybrid: Lamborghini’s most expensive model in India sold out till 2026
Priced at Rs 8.89 cr (ex-showroom), it’s the most expensive model launched in India by the Bologna-based manufacturer. It marks the entry of Lamborghini in the plug-in hybrid electric vehicle segment. The hybrid Revuelto is a much more powerful successor to the Lamborghini Aventador, which was discontinued in 2022.
Hinduja Renewables bags 250MW solar project in tariff-based competitive bidding
The consolidated project bid was for setting up a 3,000 MW Interstate Transmission System Connected Solar Power Projects anywhere in India.
Montra Electric, Exponent Energy join hands to develop tech to charge electric three-wheelers in just 15 minutes
Murugappa Group's EV brand, Montra Electric, has partnered with Exponent Energy to develop rapid charging electric three-wheelers in India. The three-wheelers will feature Exponent's 8.8 kWh battery and can be charged from 0-100% in just 15 minutes at Exponent's EV charging stations.
US President Biden all set to travel to India for G20 Summit: WH
US President Joe Biden is set to visit India for the G20 Summit and is "very excited" about the initiatives he will champion, according to White House officials. Biden will follow COVID-19 guidelines during his visit, despite his wife Jill Biden testing positive for the virus. The president's travel plans have not changed, and he will have a bilateral meeting with Indian Prime Minister Narendra Modi upon his arrival.
Mahindra Group chairman Anand Mahindra gifts electric SUV to R Praggnanandhaa's parents
Anand Mahindra, chairman of the Mahindra Group, has announced plans to gift an XUV400 electric SUV to the parents of Indian chess prodigy R Praggnanandhaa. The gesture is a tribute to Praggnanandhaa's parents, who have played a vital role in his success. Mahindra said that he wanted to encourage parents to introduce their children to chess and support them as they pursue the game.
How India’s largest aluminium producer is going green and increasing production
Though manufacturers cannot bypass environmental-friendly measures anymore, several companies fear that embracing environmental-friendly measures might affect their production. Vedanta Aluminium shows how green solutions can be good for the top line and bottom line.
MHI subsidy U-turns may slow EV adoption: Industry group
Startups are being “punished,” with four of the top EV producers since 2018- 2020 being now relegated to the bottom four, the Society of Manufacturers of Electric Vehicles (SMEV) said.
Business groups look at India as part of strategy to diversify globally: WH official
"Both the United States and India are imperfect democracies. We both have challenges. I think we will be discussing it in that context. But I think what we have also developed more and more between the US and India is a degree of trust and confidence that frankly was not present a decade ago. And I think our goal will be to seek to build on that," Kurt Campbell, Deputy Assistant to the President and Coordinator for the Indo-Pacific said.
EV maker River raises $15 million in funding led by UAE-based Al Futtaim Group
The fresh funding will help the startup scale its manufacturing and distribution networks with deliveries set to start in August this year.
With free power, great debilitation
Rajasthan is the latest in the long list of states offering free electricity to people. The free power scheme has deleterious impacts on resources and economics, endangering India's goal for an energy transition towards net-zero by 2070. The practice of doling out free power to farmers has increased water stress, jeopardising agricultural incomes and sustainability. It is also literally being penny-wise and pound-foolish in action by undermining the fiscal health of electricity distribution companies (discom).
Over two dozen US states ban China from purchasing farmland
Some critics of efforts to limit Chinese purchases of US farmland argue they could contribute to anti-Asian sentiments. In a House Appropriations Committee hearing last year, Rep. Grace Meng (D-N.Y.) criticized an amendment from Newhouse to ban companies owned wholly or in part by the Chinese government from purchasing US farmland. She said singling out China would "perpetuate already rising anti-Asian hate."
Avaada Energy wins 560 MW solar project
The project was awarded through competitive bidding, followed by an e-Reverse auction in which Avaada emerged as the winner with a quoted tariff of Rs. 2.88 per kWh ($0.035). As per bid terms, power purchase agreement (PPA) will be signed between two entities for 25 years, and the project will be commissioned within 18 months.
Future Retail requests NCLT for gaining access to the inaccessible stores and warehouses
The company's resolution professional also requested the bankruptcy court to exclude 90 days from the company’s corporate insolvency resolution process (CIRP) period.
Avaada Energy gets 421 MW solar project from Damodar Valley Corporation
Avaada Energy has won a 421 MW solar project from Damodar Valley Corporation (DVC) in a competitive bidding process. The project will be commissioned within 18 months, generating approximately 750 million units of green energy per year and reducing 698,250 tonnes of CO2 emissions. A power purchase agreement will be signed for 25 years, and the plant has the potential to power 500,000 households in the Damodar River area of Jharkhand and West Bengal.
How China benefits from Western sanctions on Russia's energy exports
The visit comes just over a year after Russia launched what it calls a "special military operation" in Ukraine, triggering sanctions by the European Union on purchases of Russian seaborne crude and coal, and a price cap agreed by the Group of Seven on Russian crude oil in December.
Over 18,000 toys seized from Hamleys, Archies and WH Smith for 'lack of quality'
"We received complaints from domestic manufacturers of the sale of toys that do not conform to the BIS standard. We conducted 44 raids in the last one month and seized 18,600 toys from major retail stores," BIS director general Pramod Kumar Tiwari said at a press conference.
Greenko Group emerges lowest bidder for NTPC's 3000 MWh energy storage tender
Hyderabad-based Greenko Group has emerged as the lowest bidder in the world’s first and largest technology agnostic storage tender from NTPC Renewable Energy Limited (NTPC REL), the renewable arm of NTPC Limited. Greenko is backed by GIC Holdings Pte Ltd, Abu Dhabi Investment Authority and Japan’s ORIX Corp.
India will not be an ally of US, it will be another great power: WH official
The US is working very constructively with its Indian partners on the major set of initiatives in COVID-19 vaccine delivery, in maritime domain awareness and education, the White House official said. "I'm thrilled to say that Prime Minister Albanese of Australia has invited us in 2023 for a major Quad meeting that we think will extend our coordination, cooperation, not just in Southeast Asia, and the Indo Pacific as well," he said.
Queen Elizabeth II funeral: From supermarkets to pubs, know what's open and what's shut
Most businesses, including supermarkets, pubs, and shopping centres across Britain, have announced to close on Monday, September 19, as a mark of respect for Her Majesty Queen Elizabeth II's funeral.
A global stock trader’s guide to navigating food protectionism
Profit estimates of global exporters like Singapore-listed Wilmar International Ltd. and Hong Kong’s WH Group Ltd. are on the rise while popular donut chain Krispy Kreme Inc. may take a hit from rising wheat prices.
Andhra Pradesh receives solar bids for 6,400 MW at Rs 2.48/kWh
The Adani Group has bid for six projects aggregating to 3,000 MW, while other companies that submitted bids include NTPC and Torrent Power, said the government.
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