Adani Green Energy fell 2.45% to Rs 87.50 on profit booking after a recent steep rally. Shares of Adani Green Energy shot up 58.34% in the past eleven trading sessions to settle at Rs 89.70 on Friday, 18 October 2019, from its close of Rs 56.65 on 1 October 2019. On Monday, 21 October 2019, […]
Adani Green shoots 62% in eleven days
Adani Green Energy rose 3.49% to Rs 91.80, extending recent gains amid continuous buying support. Shares of Adani Green Energy surged 62.05% to its current market price of Rs 91.80 in eleven trading sessions from its previous closing low of Rs 56.65 on 1 October 2019. Meanwhile, the S&P BSE Sensex was up 1205.64 points […]
Sterling & Wilson Solar IPO subscribed 32%
Receives bids for 71.05 lakh shares The initial public offer (IPO) of Sterling & Wilson Solar received bids for 71.05 lakh shares today, 7 August 2019, as against 2.21 crore shares on offer, as per the National Stock Exchange of India (NSE) website data at 17:30 IST. The issue was subscribed 0.32 times. The issue […]
Robust infrastructure needed to create $10 trillion dollar economy by 2032: Survey
India needs to build a robust industry with a buoyant and resilient infrastructure to create a 10 trillion dollar economy by 2032, said the Economic Survey 2018-19 tabled by Finance Minister Nirmala Sitharaman in Parliament on Thursday. A resilient infrastructure is fundamental and essential for budding industries. While India has invested in its infrastructure over […]
ZunRoof receives USICEF’s grant
Solar rooftop firm ZunRoof Tech said Wednesday that it has received a grant from US-India Clean Energy Finance (USICEF) in the fourth round of funding programme. The USICEF is a partnership between the Ministry of New and Renewable Energy, the India Renewable Energy Development Agency (IREDA), the Overseas Private Investment Corporation (OPIC) and a consortium […]
Australian firm partners with Indian power company to develop India’s first lithium refinery
Australian mining company Neometals has entered into a deal with Indian power conglomerate Manikaran Power to jointly fund a feasibility study to set up India’s first lithium refinery. The refinery, if established, would process ore from the Mount Marion mine in Western Australia to produce battery-grade material for electric cars. The two companies have agreed […]
Germany’s Siemens says to cut 2,700 jobs worldwide
Industrial conglomerate Siemens said Tuesday it would slash 2,700 jobs worldwide at its gas and power unit, including 1,400 in its home country Germany, “over several years”. The division — set for an independent stock market flotation in 2020 — will “require further savings of 500 million euros” ($560 million), Siemens said in a statement. […]
Yashovardhan Birla declared willful defaulter by UCO Bank
UCO Bank on Sunday declared Yashovardhan Birla, the Director of Birla Surya Ltd, as a willful defaulter after the company failed to repay loans of Rs 67.65 crore. Yashovardhan Birla is also the Chairman of the Yash Birla Group. In a public notice which also carried a photo of Yashovardhan Birla, UCO Bank said the […]
BSES launches EV charging station in Delhi, plan for 150 more
Delhi electricity distribution company BSES on Tuesday unveiled its first public electric vehicle (EV) charging station as part of its plan to set up over 150 EV charging stations across its licensed area in the capital. BSES said in a statement that the first of these smart EV charging stations was inaugurated at the discom’s […]
Mahindra Electric expects to double EV sales in FY20 too
Mahindra Electric, a part of the Mahindra group, Tuesday said it expects to continue with the sales momentum of the last fiscal in which it doubled sales on the back of its focus on electric vehicles for fleet operators and three-wheelers. The company, which saw electric vehicles sales grow two-and-a-half times to 10,276 units in […]