January 2022
PGCIL tops power PSUs in FY22 capex target achievement
- Jan 7, 2022
Power Grid Corporation of India Ltd (PGCIL) has been the best performer amongst Central power PSUs, in terms of achievement of capex targets for FY22, a government release said. According to the release, PGCIL has achieved Read more
Data centres to fuel MEP vertical growth, says Godrej & Boyce
- Jan 7, 2022
Godrej & Boyce has announced that its MEP (Mechanical, Electrical and Public health engineering) business vertical is targeting annual revenue growth of 25 per cent in Data Centre projects by FY24. A release from Godrej & Boyce said the Read more
Cabinet okays Green Energy Corridor (Phase II) with Rs.12,000-crore outlay
- Jan 7, 2022
The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, approved the Green Energy Corridor (GEC) Phase-II project, in a meeting on January 7, 2022. GEC-Phase II aims at strengthening the intrastate transmission system (InSTS) in Read more
FM promises implementation of BCD on solar modules
- Jan 7, 2022
Union finance minister Ms Nirmala Sitharaman, in a meeting on January 6, 2022, with a delegation of solar power-centric industry associations assured that basic customs duty (BCD) on imported solar modules will be implemented effective from April 1, Read more
Omega Seiki to forge JV with Korea’s Jae Sung for EV powertrains
- Jan 6, 2022
Omega Seiki Mobility (OSM) and JAE SUNG Tech Co., LTD a leading Korean EV powertrain maker, have announced a strategic partnership to manufacture electric powertrains in India. As a part of this partnership, the two companies will be forming Read more
IEX trading volume clocks 24 per cent y-o-y growth in December 2021
- Jan 6, 2022
Overall trading volumes on Indian Energy Exchange (IEX) recorded a 24 per cent year-on-year growth in December 2021, at 9,035 million kwh (million units or MU). This total cleared volume comprises – conventional power market (7,285 MU), green power Read more
Eaton completes acquisition of US-based Royal Power Solutions
- Jan 6, 2022
Power management company Eaton has completed the acquisition of Royal Power Solutions, a US-based manufacturer of high-precision electrical connectivity components. A release by Eaton said that the components produced by Royal Power find application in electric vehicle, energy management, Read more
IPICOL, Gail (India) sign MoU for green projects in Odisha
- Jan 6, 2022
Industrial Promotion & Investment Corporation of Odisha (IPICOL) and Gail (India) Ltd have signed an MoU aiming at cooperation in the area of green projects in Odisha. A release by IPICOL said that the two entities, in the Read more
ABB India launches new range of flameproof motors
- Jan 5, 2022
ABB India has unveiled its new range of flameproof (FLP) motors that are safe choice for applications in potentially explosive environments. Manufactured at the company’s Faridabad facility, these low voltage motors offer considerable benefits including low vibration levels with Read more
“Automatic Generation Control (AGC)” dedicated to the nation
- Jan 5, 2022
“Automatic Generation Control (AGC)”, a new system to maintain the reliability of grid frequency, was recently dedicated to the nation at the hands of Union power minister, R.K. Singh. The launch of AGC is is expected to facilitate achieving Read more