PLI Battery Scheme Has 10 Bidders. Reliance, L&T, Amara Raja Bid Updated On Mon, Jan 17th, 2022 by Saurenergy Bids from 10 companies have been received for the government’s PLI Battery scheme, or ‘National Programme on Advanced Chemistry Cell (ACC) Battery Storage’. Seen as a key initiative to ensure 50 GWh of ACC battery storage manufacturing capacity in the country. The Rs 18, 400 Lucas-TVS, Exide Indcrore production-linked incentive (PLI) scheme for advanced chemistry […] Read more
GE Renewable Energy to Install Turbines at 100MW Wind Farm in Gujarat Updated On Fri, Jan 14th, 2022 by Saurenergy Paris-based GE Renewable Energy on Thursday said that it will supply, install, and commission 37 wind turbines to a 99.90-megawatt (MW) wind power project in Gujarat, managed by Indian renewable energy group Continuum Green Energy. According to the official press release, the wind farm project will provide local businesses and consumers with clean energy. “We look […] Read more
Reliance Announces Rs 5.955 lakh Crore Renewable Energy Plans For Gujarat Updated On Thu, Jan 13th, 2022 by Saurenergy Reliance Industries Limited (RIL), the $73.8 billion conglomerate with profits over $10.9 billion in 2021 has announced a massive plan to invest in its key manufacturing base and state, Gujarat. In a stock exchange filing today (Jan 13), the firm confirmed an MoU signed at the Vibrant Gujarat Summit 2022 with the Government of Gujarat, […] Read more
2022’s First Big Tender Is SECI’s 1200 MW Tranche XIII Wind Tender Updated On Thu, Jan 13th, 2022 by Saurenergy In its first big tender for 2022, the Solar energy Corporation of India (SECI) has gone with wind, inviting bids to develop 1,200 MW of interstate transmission system (ISTS)-connected wind power projects (Tranche XIII). The tender leaves the onus of identifying and arranging land on the bidders, a factor that has caused immense delays in […] Read more
Waaree Energies Gets SEBI Nod For Rs.1500 Cr IPO Updated On Tue, Jan 11th, 2022 by Saurenergy Waaree Energies Ltd, one of the country’s largest solar module manufacturers has received approval from markets regulator SEBI to launch its initial public offering (IPO). In September, the company had filed draft papers with SEBI. The IPO comprises fresh issue of shares worth Rs 1350 crore, and an offer for sale up to 4,007,500 equity […] Read more
Azure’s $250 Million Rights Offer Open, To Close On Jan 24 Updated On Mon, Jan 10th, 2022 by Saurenergy NYSE listed Azure Power Global Ltd (NYSE:AZRE) rights issue has opened on January 7, with a target to rise upto $ 249.9 million. Pursuant to the rights offering, each shareholder will get one non-transferable subscription right for every equity share held on the record date of January 6, 2022. Each right will entitle the holder […] Read more
FM Assures Manufacturer Associations Of BCD As Promised, From April 1, 2022 Updated On Fri, Jan 7th, 2022 by Saurenergy Finance minister Nirmala Sitharaman has assured delegation of domestic solar manufacturers that the Basic Customs Duty (BCD) that was announced on modules and cells almost 9 months back, will be implemented as scheduled, from April 1, 2022. This is basis a release shared by NIMMA, or the North India Module Manufacturers Association, which was among […] Read more
Odisha Govt Partners with GAIL to Develop Green Projects Updated On Thu, Jan 6th, 2022 by Saurenergy The Industrial Promotion and Investment Corporation of Odisha Ltd (IPICOL) and Gas Authority of India Ltd (GAIL) on Wednesday signed a Memorandum of Understanding (MoU) for cooperation in the areas of green hydrogen, green ammonia and renewable energy (solar / wind) for the production of eco-friendly fuels in Odisha. Odisha, being a power surplus state, […] Read more
Vedanta Aluminium, GEAR India to Deploy Lithium-Ion Forklift Fleets Updated On Wed, Jan 5th, 2022 by Saurenergy Vedanta Aluminium Business, India’s largest producer of aluminium and value-added products, has signed an agreement with GEAR (Gemini Equipment and Rentals Private Limited) India, to deploy one of the largest fleets of lithium-ion battery-powered electric forklifts, becoming the first in Indian aluminium industry to undertake such an initiative. The company shall commission 23 such forklifts […] Read more
