BUSINESS
MC Interview | L&T sees strong transmission pipeline fuelled by energy transition, but ground-level hurdles persist
The head of the company’s utilities division said the firm has become very choosy in the Indian T&D and renewables market, and also spoke about navigating bottlenecks, the importance of bridging the battery storage gap, and more.
BUSINESS
ESG rating overhaul needed to separate risk from opportunity: Aspire Impact’s Amit Bhatia
Bhatia’s firm has collaborated with 150 ESG, sustainability, and impact professionals to come up with a new ratings framework.
BUSINESS
Suzlon aims to be renewable solutions leader, looks beyond wind
Having battled the debt demon and other challenges, the company’s management says it wants to build a future-proof model through innovation and leadership development
BUSINESS
MC Interview | Tata Power targeting 50% of revenues from consumer-focussed businesses by 2030: MD
Praveer Sinha, the company’s MD and CEO, feels that the steep rise in its share price is just an early indication of the headroom for further growth as investors re-rate it for its consumer-centric businesses.
BUSINESS
MC Exclusive: Indian Oil mulls cancelling maiden green hydrogen tender again to revise bidding norms
Sources indicate that IOCL received two bids for the project, one from a consortium that has IOCL itself as a partner. But it is considering revising norms and floating the tender again after feedback from other companies.
BUSINESS
Budget’24 hinted Centre may not continue to carry burden of infra investments, states must get finances in order: L&T CFO
L&T CFO said that while multilateral funding is available, projects need credibility. The private sector will invest if the conditions for growth are enabling, with necessary policies, clearances, and joint commitments in place.
BUSINESS
Budget signals shift in infra strategy as govt pushes states, private sector to pitch in
Infrastructure sector veteran Vinayak Chatterjee told Moneycontrol in an interview that the government is changing its infrastructure investment strategy from a top-down to a bottom-up approach. He flagged apprehensions that the new strategy may take time to play out.
BUSINESS
India can become global wind energy manufacturing hub if Budget 2024 provides incentives: Suzlon CEO
In order to develop the offshore wind energy space, a PLI of Rs 20,000 crore is required for Indian OEMs with in-house R&D, said JP Chalasani.
BUSINESS
What can the Finance Minister do for India’s climate change action in Budget 2024-25?
Given India's climate commitments and the urgent need for action, the industry and experts hope that the Finance Minister announces incentives and policy measures to accelerate energy transition and clean energy adaptation.
BUSINESS
Energy needs to grow 2.5 times but green power faces hurdles: Economic Survey 2023-24
The Economic Survey 2023-24 flags some challenges that India faces in scaling up its renewable energy capacity
BUSINESS
L&T keen on offshore wind foray to expand green energy portfolio
The company has started bidding for offshore wind projects abroad and is keen to tap the opportunity in India.
BUSINESS
L&T gearing up to tap $60-bn oil-to-chemicals opportunity in Middle East, says energy head
L&T, which has for the last many years decided to focus on its asset-light engineering business, will also be wearing the hat of a developer for green hydrogen.
BUSINESS
MC Exclusive: L&T in talks with global EPC majors to form JVs for mega projects in the Middle East
L&T may be exploring tie-ups with engineering majors like JGC Corporation (formerly Japan Gasoline Co), Toyo Engineering Corporation, Samsung Engineering, and Hyundai Engineering and Construction, according to industry sources.
BUSINESS
L&T acquires land at Kandla port, eyes more in Odisha for export-oriented green power projects
L&T has a multi-pronged strategy for green hydrogen and ammonia as it aims to leverage its capabilities as a contractor and set up manufacturing capacity as a project developer. The port land will give the company access to export markets.
BUSINESS
Budget 2024: Tata Projects CEO seeks steps for 'holistic' growth of construction sector
Tata Project's MD and CEO Vinayak Pai said the Budget should also take measures to encourage private capex, which will play an important role in India's economic growth
BUSINESS
MC Interview | Aim to maintain double-digit top-line growth on robust order book, strong pipeline: Tata Projects MD
The company is confident of maintaining profitability after turning EBITDA-positive in FY24. Vinayak Pai, MD & CEO, said that as the company grows in size, it will consider an Initial Public Offering.
BUSINESS
Tata Projects working on sustaining profitability with eye on IPO plans: MD
Vinayak Pai added that, in the past, Tata Projects was reporting losses due to issues related to COVID and commodity prices, but those roadblocks have been left behind for now.
BUSINESS
Tata Projects CEO calls for stricter quality standards amid infrastructure push
India needs to put a system in place that encourages accountability at every stage of the design, construction and maintenance of infrastructure projects, Vinayak Pai tells Moneycontrol
BUSINESS
L&T Chairman Emeritus AM Naik to step down from LTIM, LTTS boards; Subrahmanyan may become chairman
Naik will retire at the conclusion of the companies’ annual general meeting on June 26, which marks the infrastructure veteran's exit from the board of all the L&T group companies
BUSINESS
SAT stays SEBI order against former PTC India CMD Rajib Mishra
The appellate has scheduled the next hearing on August 2.
BUSINESS
Northern states tap short-term markets to secure more power but concerns over power outages linger amid scorching summer
Peak demand in the northern grid on June 17 caused a partial outage in some parts and triggered concerns over the possibility of tripping the national grid
BUSINESS
PTC India's CMD, PTC India Financial Services' ex-MD fined, barred from holding position in listed companies over governance lapses
Rajib Kumar Mishra is CMD of PTC India and non-executive chairman of PFS; the order effectively means he will have to step down from these positions.
BUSINESS
Renewable energy push likely to be insulated from coalition compulsions
Industry insiders and experts expect Modi 3.0 to continue with clean-energy policies. They also expect it to prioritise power-sector reforms and incentives for large-scale battery storage systems and green hydrogen
BUSINESS
Nitish Kumar demands ‘One Nation, One Tariff’ to power Bihar. Can Modi 3.0 do it?
Bihar Chief Minister Nitish Kumar, an important ally of the BJP, has been vocal about the higher power tariff in his state and the differences in power tariffs across India. With pole position in the likely coalition government, he may push for it with an eye on the state elections.
