Category: Corporate

The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Shri Narendra Modi has approved that the increased prices of Phosphatic and Potassic (P&K) fertilizers vide notification dated 20.5.2021 shall be rolled over for the whole year 2021-22 from 1.10.2021 to 31.3.2022. The increased international prices of Diammonium phosphate (DAP) have been absorbed by the Union Government. The Union Government has decided to increase the subsidy by Rs. 438 per bag of DAP as a special onetime package so that farmers can get DAP at the same price. The increased international prices of…

COVID-19 pandemic showed the relevance of ‘One Health’ principles in the governance of infectious diseases, specially efforts to prevent and contain zoonotic diseases throughout the world. The risk of infectious agents capable of jumping the barriers of species is increasing, mainly because of the potential of novel infectious agents to spread rapidly around the globe due to increased travel, food habits and trade across borders . Such diseases have devastating impacts on animals, human, health systems, and economies, requiring years of social and economic recovery. Sensing this urgent need, the…

Reliance New Energy Solar Limited (RNESL), a wholly owned subsidiary of Reliance Industries Limited (RIL), and Denmark-based Stiesdal A/S (Stiesdal) signed a cooperation agreement for technology development, and manufacturing of Stiesdal’s HydroGen Electrolyzers in India. The agreement was signed during a state visit of Denmark to India and announced in the presence of the Narendra Modi, Prime Minister of India and Mette Frederiksen, Prime Minister of Denmark. The new technology for HydroGen Electrolyzers has the potential to deliver significant cost reduction compared to currently available technologies thereby paving the way for rapid decarbonization and commercialization of affordable Green Hydrogen – a key…

Making its renewable energy foray a big success, Reliance Industries is buying Sterling and Wilson Solar from its promoters. The company announced this on Sunday late evening.  The development comes after Reliance Industries had announced the $771 million acquisition of REC Solar from ChemChina.Shapoorji Pallonji & Co. Pvt. Ltd (SPCPL) and Khurshed Yazdi Daruvala, promoter-shareholders of Sterling and Wilson Solar, cumulatively own 69.36 per cent of the company, with the public owning the rest. The promoters had raised Rs 2,850 crore through an IPO in 2019, but subsequently failed to repay the…

The Nominated Authority in the Ministry of Coal had launched the second attempt of auction for 11 coal mines (4mines under the Tranche 12 of CM(SP) Act and 7 mines under the Tranche 2 of MMDR Act) earmarked for sale of coal last month. These were the mines which were offered in the first attempt launched on March 25, 2021 and had fetched single bids. Ministry of Coal has organised a pre-bid conference today for prospective bidders. Presentations were madeon terms and conditions of auction, technical details of mines and…

The 3rd India – UK Energy for Growth Partnership – Ministerial Energy Dialogue was co-chaired by Union Minister for Power and New &Renewable Energy, Shri R.K. Singh from the Indian side and the Rt Hon KwasiKwarteng MP, Secretary of State for Business, Energy & Industrial Strategy (BEIS) from the UK side. The dialogue was held last evening virtually. Energy Transition was a major area of discussion in the dialogue and the Energy Ministers spoke in detail on the ongoing Energy Transition activities in their respective countries with focus on renewables, including solar, offshore…

Cerebra Green, the e-waste division of Cerebra Integrated Technologies Ltd. has announced the start of the second edition of its flagship campaign, India Clean-Up week, from October 11 – 17, 2021. Aimed at bringing awareness to International E-Waste Management Day on October 14th, this is the country’s largest e-waste collection drive. India is the third-largest producer of e-waste, generating over 3.23 million metric tonnes per year, with 70 percent originating from 10 cities alone. This number is growing as the onset of the pandemic has induced an increase in the number…

Prime Minister Shri Narendra Modi will dedicate to the nation 35 Pressure Swing Adsorption (PSA) Oxygen Plants established under PM CARES, across 35 States and Union Territories, in an event to be held at AIIMS Rishikesh, Uttarakhand on 7th October, 2021 at 11 AM. With this, all districts of the country will now have commissioned PSA Oxygen Plants. Prime Minister will also address the gathering on the occasion. Till now, a total of 1224 PSA Oxygen Plants have been funded under PM CARES all across the country, out of which…

The Ministry of Coal is in the process of finalising a robust mine closure framework with thrust on three major aspects of institutional governance, people &communities and environmental reclamation & land repurposing on the principles of just transition. The Ministry is in consultation with the World Bank for obtaining support and assistance in this program. Vast experience of the World Bank in handling mine closure cases in different countries will be highly beneficial and will facilitate adoption of the best practices and standards in handling of mine closure cases. A Preliminary Project Report (PPR) for the proposed…

Shri R.K. Singh, Union Minister of Power and New & Renewable Energy reviewed the performance of REC and PFC Limited on 4th and 5th October 2021 respectively, in the presence of Minister of State for Power Shri Krishan Pal, Secretary Power and Senior Officers of Ministry of Power, with CMDs of REC and PFC and Senior Officers of these CPSEs. The Minister highlighted Government’s vision is to make available affordable power for all 24×7. In this context, he stressed the need for improving competitiveness of both institutions with a view to increase…