ENVIRONMENT
Renewable energy faces short-term challenge from global response to energy crisis amid Russia-Ukraine war: International Solar Alliance chief
"I don’t think the freight choke point is going to disappear in the near future. So, I expect the uptick (in solar manufacturing costs) to continue till about 2024-2025.
BUSINESS
RIL says weak growth, high inflation, heavy interest to weigh on energy demand
The company said that net profit would have been up 20 percent year-on-year, excluding the impact of the SAED-related costs.
BUSINESS
India will examine likely cap on Russian crude price by the West: Oil Minister Hardeep Puri
India has been buying discounted crude oil from Russia against the backdrop of high prices internationally and Western nations scaling down their reliance on Russian energy.
BUSINESS
Energy crisis makes 'dirtiest fuel' the dearest shelter ahead of green summit
India has committed to go net-zero by 2070. But as a country that still derives the majority of its electricity from coal, it has been clear that while renewable energy capacity growth will be high, coal based plants will still play an important role
BUSINESS
MC Explains | What is COP27 and why is it crucial for climate change action?
COP27 is being held in Egypt on from November 6 to 18.
BUSINESS
Interview | Hero Future Energies will expand offerings, geographies after KKR funding: CEO
Company is waiting for the government's green hydrogen policy and in the meantime is in active discussions with customers in India and the UK for pilot projects in green hydrogen, says Srivatsan Iyer.
BUSINESS
Suzlon to weigh selling off non-core assets after Rs 1,200-crore rights issue
The management said that the main objective of the rights issue was essentially to pare debt so that Suzlon Energy can get over its past of huge debt.
BUSINESS
UP authority blames advanced traffic management system contractor for Purvanchal Expressway cave-in
A senior official from the National Highways Authority of India (NHAI) told Moneycontrol that it is looking into the collapse of the expressway.
BUSINESS
Suzlon may announce new CMD this week ahead of rights issue: Sources
Suzlon had a leadership meeting on October 4, which was attended by senior executives holding key positions across global operations.
BUSINESS
Tulsi Tanti single-handedly created wind industry in India, ReNew Power's Sumant Sinha remembers
Sinha, who served as the chief operating officer of Suzlon Energy in 2008-2010, says Tanti was very supportive when he started his own company. A lot of renewable energy industry veterans have cut their teeth at Suzlon
BUSINESS
Suzlon Energy: Rights issue will help firm get over its past of huge debt, says CFO
Promoter group has expressed their intention to subscribe to the full extent of their rights entitlement, CFO Himanshu Mody said.
BUSINESS
Tulsi Tanti: The wind whisperer who battled storms
Coming from modest beginnings, the pioneer of India’s wind energy sector had managed weather both fair and foul. His untimely demise may have cut short his life, but not his story, which is up there.
BUSINESS
Avaada Group will be an integrated green molecule business: Founder Chairman Vineet Mittal
The group is adding capacity across its different verticals and aims to become a 30 GW firm by 2030. Mittal said its current business plan is fully funded.
BUSINESS
Crude slips below $85 a barrel but OMCs may not cut fuel prices. Here’s why
Oil marketing companies have incurred huge losses on petrol and diesel retail sales this year and may take more time to recover the past losses
BUSINESS
Serentica Renewables in talks with investors, plans to set up 1,500 mw green energy capacity
Serentica Renewables is 100% owned by Twinstar Overseas Ltd, run by Volcan Investments Ltd, Bahamas, the holding company of the family trust of billionaire Anil Agarwal.
BUSINESS
Reducing logistics cost to 8% of GDP in five years will be a mini revolution: Vinayak Chatterjee
Lauding the initiative, the storied investor and founder and managing trustee of The Infravision Foundation said that we also need to focus on aerotropolises and air shipments for transporting high value goods like gems and jewellery, pharmaceuticals, etc.
BUSINESS
National Logistics Policy | Govt to integrate 30 systems from different ministries for faster, cheaper services
The policy introduces an integrated digital system (IDS) that will integrate on one platform the digital data belonging to various ministries, helping in smooth cargo movement
BUSINESS
Government keen on reviving west coast 60 mtpa-mega refinery project: Minister Hardeep Singh Puri
The $50 billion-mega refinery project in western Maharashtra has been stalled since 2018 due to disputes over land acquisition.
BUSINESS
BPCL divestment is not on the table right now: Hardeep Singh Puri
"BPCL is doing well now, divestment is not on the table right now," the minister said.
BUSINESS
Siemens says digital business in India growing at a higher rate than global average
India would also play a key role in the German conglomerate's digital business expansion with the company employing 6,000 software engineers at its development centres in the country.
BUSINESS
What is India doing to reduce the worrying rate of road accidents
According to NCRB data, a horrifying 1.55 lakh people were killed in road crashes across India in 2021. Another 3.71 lakh people were injured in 4.03 lakh incidents. India has targeted to reduce road accident deaths by 50 per cent by 2024.
BUSINESS
Singapore’s Sembcorp Industries to sell India coal-fired power units to Oman’s Tanweer Infrastructure
The sale is a part of Sembcorp Industries’ strategy to transform its portfolio from brown energy to green energy.
BUSINESS
L&T sees international hydrocarbon orders picking up, but warns of supply chain disruptions
Energy vertical head Subramanian Sarma cautions that the global supply chain is not yet streamlined and may cause challenges.
BUSINESS
Interview | Green energy will be growth driver, hydrocarbon capex to be decent: L&T Energy Head
The government’s decision to phase down and not phase out coal-based power plants gives comfort to L&T that it should be able to maintain its order book from the sector, even if it doesn’t grow, Sarma said.
