Singapore-registered Esoteric II Fund Pte Ltd (Esoteric) has proposed to seek induction as the “sponsor” of IndiGrid, India’s first infrastructure investment trust (InvIT) in the power sector. Esoteric has approached Sterlite Investment Managers Ltd (the investment managers to IndiGrid) Read more
In a significant move, the Cabinet Committee on Economic Affairs (CCEA) has approved monetization of assets of Power Grid Corporation of India Ltd (PGCIL) through the Infrastructure Investment Trust (InvIT) model. Asset recycling is a key strategy of the Read more
IEEMA, the apex industrial body of the electrical equipment industry, has decided to organise a virtual exhibition to showcase AatmNirbhar Bharat for its domain industry. The exhibition “Digielec Bharat” being a virtual exhibition will technically be open throughout the Read more
Power Grid Corporation of India has announced that Pole-1 of the HVDC bipole link between Raigarh (Chhattisgarh) and Pugalur (Tamil Nadu) was put in commercial operations on September 6, 2020. PGCIL has elaborated that the following assets have been Read more
To sharpen its focus on the national “AtmaNirbhar Bharat” mission, Bharat Heavy Electricals Ltd has recently set up a new dedicated business vertical called “Make in India Business Development Group,” within the company. This effort is aimed at ensuring Read more
Larsen & Toubro, in a stock exchange filing, said that its power T&D business has received major orders in the domestic and international markets. The orders include power T&D infrastructure in Telangana and Oman, apart from electrical systems for Read more
The Eastern Region System Strengthening (ERSS) – XVIII scheme being developed by Power Grid Corporation of India, under the TBCB mode, is scheduled for completion in October this year. ERSS-XVIII that aims at improving power transmission connectivity to West Read more
Sterling and Wilson Solar Ltd (SWSL) has signed orders worth A$300 million (around Rs.1,600 crore) in Australia. The orders, signed along with the company’s branch and Australian subsidiary, involves two large-scale solar projects, with a total installed capacity Read more
ABB India's commitment towards sustainability and eco-efficiency has been recognized with a gold certification by the Indian Green Building Council (IGBC) for its environmentally friendly Nashik smart factory in India. With this recognition, ABB India's site becomes the first Read more
Energy Efficiency Services Ltd (EESL) will procure 250 electric vehicles from two suppliers, selected through an international competitive bidding process. EESL, in a release, said that it will procure 250 EVs from Tata Motors and Hyundai Motor India. The Read more