December 2021
India signs two loan agreements with KfW Group for power sector
- Dec 24, 2021
In two separate developments, German financial institution KfW Group will be providing loans to support India’s development projects in the field of power T&D and renewable energy. The first agreement was between Government of India and KfW for a Read more
SJVN and DVC join hands for harnessing renewable energy
- Dec 24, 2021
SJVN Ltd has entered into an MoU with Damodar Valley Corporation (DVC) for setting up renewable energy projects, including ground-mounted and floating solar plants. The two Central PSUs, both falling under the power ministry, will tap the renewable energy Read more
CERC adopts tariff under pilot scheme for medium term procurement
- Dec 23, 2021
Central Electricity Regulatory Commission (CERC) has recently adopted the tariff for procurement of power of 2,500 mw under “Pilot Scheme-II”, for a period of three years. In its order dated December 22, 2021, CERC has adopted the tariff of Read more
Shreegopal Kabra, Managing Director & Group President, RR Global
- Dec 23, 2021
“The wires and cables industry in India witnessed a significant growth of 10 per cent last year. Having always been an essential part of the manufacturing industry and with the added impetus provided by the recently introduced government Read more
Dinesh Aggarwal, Joint Managing Director, Panasonic Life Solutions India
- Dec 23, 2021
"The year 2021 was majorly affected due to the high intensity of the second wave. It has been a tough year on all businesses, though we are seeing an upswing in the manufacturing and services sectors. During Covid Read more
TRIL receives order from GETCO for supply of transformers
- Dec 23, 2021
Transformers & Rectifiers (India) Ltd has reported the winning of an order from the Gujarat state transmission utility. In a stock exchange filing, TRIL said that Gujarat Electricity Transmission Corporation Ltd (GETCO) has placed an Read more
ABB to hive off turbocharger business into new wholly-owned subsidiary
- Dec 23, 2021
ABB India has announced that it will hive off and sell its turbocharger business to a new wholly-owned subsidiary. In a stock exchange communication, ABB India said that its board has approved the creation of a new wholly-owned subsidiary. Read more
Linxon secures long-term turnkey order in Ireland
- Dec 22, 2021
Linxon has won its first strategic long-term framework agreement for the turnkey delivery of high voltage substations in Ireland. The agreement is with Electricity Supply Board (ESB) in the Republic of Ireland, and runs from 2021 to 2024. The Read more
Exide Industries to set up mega Li-ion cell manufacturing plant
- Dec 22, 2021
Exide Industries, in a communication, said that it has decided to set up a multi-gigawatt lithium-ion cell manufacturing plant. The in-principal approval to the above proposal was given at the company’s board meeting held on December 21, 2021. The Kolkata-based Read more
ReNew Power on track to attain 8.2 GW operational capacity by end-FY22
- Dec 22, 2021
ReNew Power, in a release, said that it was on track to attain its targeted cumulative operational renewable energy capacity of 8.2 GW by end of FY22. During FY22 so far, ReNew Power has commissioned 1.5 GW worth of Read more