Category: Corporate

Domestic solar PV module manufacturer Waaree Energies has bagged new orders worth USD 2.37 billion from customers in the domestic and international markets. Waaree Energies said in a statement that the orders are for supplying high-efficiency bifacial solar panels of 540Wp (watt peak) and 600Wp. These panels will be produced in Waaree’s manufacturing facility using M10 and M12 cells. “These orders are consistent with the Indian government’s vision of Atmanirbhar Bharat, and will bring in more than USD 2 billion in foreign exchange while creating hundreds of job opportunities. These…

Nifty 50 index was up 1.18 per cent or 185.50 points at 15,868, while the S&P BSE Sensex rose 1.12 per cent or 591.50 to 53,385.12. The Sensex and Nifty gained over 1 per cent in early morning trade on Monday as broader Asian markets tried to hold onto small gains after weak data from China showed that strict lockdowns hit the world’s second-largest economy. per cent, respectively, after conglomerate Adani Group said it would buy Holcim AG’s controlling stake in the companies. Rivals UltraTech Cement and Shree Cement fell…

Toyota group firms, which also includes Toyota Kirloskar Motor, said on Saturday that they will invest in Karnataka for local production of powertrain parts and other components of electric vehicles to the tune of about Rs 4,800 crore. Toyota Kirloskar Motor (TKM) along with Toyota Kirloskar Auto Parts (TKAP) will put in Rs 4,100 crore while the remaining amount of RS 700 crore will be pitched in by a related company — Toyota Industries Engine India (TIEI). TKM and TKAP on Saturday inked a Memorandum of Understanding (MOU) with the…

Shri. R.K. Singh, Union Minister of Power & NRE reviewed the status of import of coal for blending in the thermal power plants with the States.  Secretary (Power) Shri Alok Kumar, Senior officials of the State Governments, and Gencos were present in the meeting held virtually yesterday.  The Minister highlighted the importance of importing coal for blending in the thermal power plants, in view of the constraints in domestic coal supply to meet the increased demand. The states were advised to place orders for import of coal for blending purpose…

In view of the nation’s worsening power crisis, India’s state-run electricity giant NTPC Ltd. plans to expand its coal-fired power fleet with a first new project in six years. Seen as a policy shift, NTPC will this month award a contract to construct a 1,320-megawatt plant in Odisha, according to a company source. The same source also said that the New-Delhi based company will also consider awarding contracts for two previously stalled expansion projects at its Lara and Singrauli sites in central India. As coal stockpiles dwindle and nations globally are feeling challenged with…

During the month of April, 2022 India’s total coal production stood at 661.54 lakh tons. While Coal India Ltd (CIL) and its subsidiaries produced 534.7 lakh ton coal, production by Singareni Colleries Company Ltd (SCCL) stood at 53.23 lakh ton and production from captive mines touched 73.61 lakh ton during last month. As per the provisional statistic of the Ministry of Coal, while the total offtake of the coal sector was 708.68 lakh ton during the month, the power sector offtake touched the figure of 617.2 lakh ton in April.…

After Nitin Gadkar’s hydrogen powered Toyota Mirai, the second Mirai has entered India and has been registered in Kerala. The hydrogen car has been registered by Toyota Kirloskar and is finished in an attractive shade of red. The Mirai could only be used for research purposes for the time being. The Mirai is registered by Regional Transport Office in Thiruvananthapuram. The registration was given on Thursday with a green number plate that read KL 1 CU 7610 and was done online without any tax. For now, only the registration fee…

Khadi and Village Industries Commission (KVIC) has achieved a height which remains a distant goal for all FMCG companies in India. Thanks to the constant support of Prime Minister Shri Narendra Modi, KVIC has, for the first time, clocked a massive turnover of Rs 1.15 lakh crore, which is unprecedented by any FMCG company in the country. This makes KVIC the only company in the country to have recorded a turnover of Rs 1 lakh crore. In FY 2021-22, the overall turnover of KVIC stood at a whopping Rs 1,15,415.22…

INDEX OF EIGHT CORE INDUSTRIES (BASE: 2011-12=100) FOR MARCH, 2022 The cumulative growth rate of Index of Eight Core Industries (ICI) during April-March 2021-22 was 10.4% (provisional) as compared to the corresponding period of last Financial Year. The combined Index of Eight Core Industries stood at 157.3 in March 2022, which increased by 4.3 per cent (provisional) as compared to the Index of March 2021. Final growth rate of Index of Eight Core Industries for December 2021 is revised to 4.1% from its provisional level 3.8%. The Office of Economic…

The Prime Minister, Shri Narendra Modi inaugurated the Global Patidar Business Summit (GPBS), being organized by Sardardham, today via video conferencing. The Chief Minister of Gujarat, Shri Bhupendrabhai Patel and Union Ministers and industrial leaders were among those present on the occasion. Speaking on the occasion, the Prime Minister noted the status of city of Surat as one of the fastest growing cities of the world. Recalling Sardar Patel’s words, the Prime Minister said Today India has so much. “We just have to strengthen our self-confidence, our spirit of Aatmnirbharta.…