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Magenta Mobility Gets Capital Infusion of $22 Mn From bp, Morgan Stanley India Infra

Electric mobility solutions provider Magenta Mobility has revealed that it has concluded a Series A1 funding round, which has rung in USD 22 million equity investment coming in from UK-headquartered bp and Morgan Stanley India Infrastructure-managed investment fund. The firm has shared that with the freshly infused capital, it will look at fleet and geographical []

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Avendus Capital Places Indias Renewable Investment Opportunity At $25 Billion Per Annum

Avendus Capital, Indias largest Investment Banking franchise, has released a new research report on energy transition and clean energy investment in India, in collaboration with Clean Energy Pipeline, an independent research firm based in the UK. According to the study, the Indian energy transition landscape is expected to undergo a sea change over this decade []

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There is no scheme for ore-refining, converting them into cathode materials Rajat Verma, CEO & Founder, Lohum

Powering next-gen li-ion battery mobility and energy solutions, making second lives for batteries a reality through reuse technology, and lithium ion battery recycling, Lohum is proving to be a gamechanger in the battery recycling and repurposing space. Rajat Verma, CEO & Founder, Lohum, offers insights into the battery recycling industry, providing an overview into the []

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Ex Meta Executive Satish Mittal Takes Over Reins of Chargeup as Chief Digital Officer

A builder of network of EV charging and battery swapping solutions, Chargeup, has announced the onboarding of former Meta Executive and ex-CTO, Vodafone, Satish Mittal, as the firms Chief Digital Officer. Assuming the new role, Satish will  be responsible for accelerating technology, digital, and partnerships initiatives for the brand. Satishs appointment comes at a juncture []

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Tata Power Q3 Results, TN Cell and Module Plant To Start By End Of 2023

Tata Power announced its Q3 Fy23 results on Friday, reporting consolidated net profits almost double of the numbers in the corresponding quarter of previous year. At Rs 1,052.14 crore in the quarter ended December 2022, the profit growth was aided by higher power generation and distribution sales, as well as improved realisation per unit. Strong Growth []

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Budget Reactions- Industry Hopes Green Credit, Transmission Focus And More Will Deliver

Budget 2023-2024, lacking any big ticket announcements save the focus on green growth has been welcomed guardedly by industry. Plaudits have come from the EV sector, where the exemptions granted for Lithium Ion battery manufacturing have been welcomed. However, solar developers have been left hoping that the focus on transmission will strengthen the grid, helping []

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Senior Design Engineer ( Solar )

Candidate should be sound in designing of roof top & Ground mounted solar power plants with hands-on experience of Autocad, Sketchup, PV syst, M S office. Responsibilities:-  Designing the Solar PV system layout, DPR including selection of system components, their integration and sizing Conducting Site surveys and preparation of Costing, Estimation of the Solar Power []

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Rajasthan to Welcome 1 GW Renewable Energy Projects from BPCL

PSU refiner Bharat Petroleum Corporation Ltd (BPCL) will be establishing renewable projects worth 1 GW of capacity in the state of Rajasthan. Towards this goal, an MoU has been signed between the Government of Rajasthan and BPCL. Details with respect to the timeline and investment have not been shared. The firm has set out on []

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Servotech Rings in 84% Increase in Profits in Q3 for FY22-23

Manufacturer of solar, power-backup, electric Vehicle (EV) chargers, and other smart power solutions, Servotech Power Systems Ltd. (NSE: SERVOTECH), has revealed its quarterly financial results for the quarter ended December 31, 2022. The results were shared at its Board of Directors meeting on January 21, 2023. Servotech Power Systems Ltd. has rung in a quarterly []

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