Socomec, a global power management expert in the availability, control and safety of electrical installations, has announced the launch of its digital campaign ‘ENERGIZING INDIA’.
Sterlite Power has successfully sold of its 14.7 per cent stake in India Grid Trust (IndiGrid) to institutional and high net worth individuals (HNI) investors.
Though the COVID-19 lockdown weighed heavily on the business of Hitachi Power Grids India, the company could still manage to rake in significant new orders.
The net profit of Power Grid Corporation of India declined 17 per cent during the first quarter (April to June) of FY21, due to extraordinary provisioning towards discoms.
According to Vimal Kejriwal, MD & CEO, KEC International, the company has delivered steady performance, despite global upheavals, during the first quarter of FY21.
The distribution franchisee (DF) operations of Torrent Power in the industrial-centric areas of Bhiwandi and Agra were impacted during the first quarter of FY21, the company said in a media release.
Rating agency ICRA expects an investment of Rs 1.8 trillion over the five-year period from FY21 to FY25 in the power transmission segment at the all-India level.
Adani Transmission, in a recent release, observed that the collection scenario with respect to its power distribution business in Mumbai has improved significantly since July 2020, following relaxation in the COVID19-related lockdown in the city.