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Venterra Group acquires Oceanscan Holdings to strengthen offshore wind services

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UK-based offshore wind services provider Venterra Group has acquired Oceanscan Holdings, expanding its capabilities in the offshore energy market. Financial details of the transaction were not disclosed. Oceanscan Holdings offers subsea and non-destructive testing equipment, geotechnical services, and specialized personnel. The acquisition will enhance Venterra’s expertise through the integration of Oceanscan’s capabilities, asset base, and technical knowledge with Venterra’s existing companies, including Ordtek, Partrac, and Gavin & Doherty Geosolutions. Oceanscan Holdings, founded by Ken Hunter…

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Brookfield Properties to power Delhi-NCR campuses with renewable energy

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Brookfield Properties will use renewable energy from its solar project in Bikaner, Rajasthan, to provide green power to four of its office campuses in the Delhi-NCR region. This marks the company’s first collaboration in India under the Inter State Transmission System (ISTS) bilateral framework. The initiative will supply 40% of the energy needs for tenants at the Candor TechSpace campuses located in Sector 48 and Sector 21 in Gurugram, and Sector 62 and Sector 135…

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GreenLine Mobility to expand LNG fleet, aims for 1,000 more trucks by March 2025

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GreenLine Mobility Solutions Ltd, a key entity in Essar’s green mobility initiative, plans to expand its fleet by adding 1,000 Liquefied Natural Gas (LNG)-powered trucks by March 2025. This move aligns with India’s strategy to decarbonise the logistics sector and reduce emissions in its journey towards net zero by 2070. GreenLine’s CEO, Anand Mimani, emphasized the company’s commitment to sustainable logistics, aiming to meet the rising demand for eco-friendly solutions as corporations increasingly prioritize Environmental,…

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GEAPP and UPEIDA to develop 450-500 MW solar park along Bundelkhand Expressway

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The Global Energy Alliance for People and Planet (GEAPP) is partnering with the Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) to establish a 450-500 MW solar park along the Bundelkhand Expressway.  This pilot project aims to create a green energy corridor across the expressway, with approximately 450 MW of solar power installed on the expressway’s designated land area, spanning 15-20 meters on both sides. The project aims to boost energy supply, support electric vehicle (EV)…

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Power Grid approves issuance of bonds to raise up to Rs 50 billion

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Power Grid Corporation of India Limited (PGCIL) has received approval from its committee of directors to issue its 79th bond series (2024-25), which will raise up to Rs 50 billion through a private placement.  The bond issuance has a base size of INR 10 billion, with a green shoe option allowing for an additional Rs 40 billion. These bonds are unsecured, non-convertible, non-cumulative, and taxable, with a 10-year maturity period. The bonds will be redeemable…

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Ministry of Coal releases report on overburden utilisation in the coal sector

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The Ministry of Coal has published the high-powered expert committee (HPEC) report on the gainful utilisation of overburden (OB) in the coal sector.  The HPEC, comprising experts from various ministries, NITI Aayog, and coal companies, examined ways to repurpose OB—typically composed of soil, rock, and other discarded materials during coal mining—into valuable resources for economic growth and environmental sustainability. The report outlines strategies for processing OB to produce manufactured sand (M-sand), which can be used…

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Gensol Engineering establishes three wholly-owned subsidiaries

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Gensol Engineering Limited has incorporated three new subsidiaries: Innogrid Energy Private Limited, Hari Shakti Energy, and Shakti Sangini Energy Private Limited.  Gensol has subscribed to 10,000 equity shares in each subsidiary, representing 100 percent of their total share capital, with an investment of Rs 100,000 per company. These subsidiaries are now wholly-owned by Gensol Engineering.

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SRPC proposes 6,000 MW reverse capacity upgrade for Raigarh-Pugalur HVDC system

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The Southern Regional Power Committee (SRPC) has proposed enhancing the reverse transfer capacity of the ±800kV, 6000 MW Raigarh-Pugalur HVDC system from 3,000 MW to 6,000 MW. The National Committee on Transmission (NCT) is expected to discuss this proposal in its upcoming meeting later this month. Currently, the Raigarh-Pugalur HVDC link can transfer 6,000 MW in the forward direction from Raigarh (Chhattisgarh) to Pugalur (Tamil Nadu). The estimated cost for the reverse capacity project is…

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KEI Industries completes capacity expansion at Chinchpada and Pathredi plants

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KEI Industries Ltd has completed brownfield capacity expansions at its Chinchpada (Silvassa, Dadra Nagar Haveli, and Daman & Diu) and Pathredi (Rajasthan) cable manufacturing units in the first half (H1) of FY25.  The expansions, fully commissioned between April and September 2024, have increased the company’s low-tension (LT) cable capacity to approximately Rs 9 billion annually. The company invested Rs 3.12 billion in H1 FY25, covering the brownfield projects and the greenfield plant at Sanand in…

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Schneider Electric launches Miluz ZeTa home range of switches and sockets

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Schneider Electric has unveiled “Miluz ZeTa,” its latest range of switches, sockets, and home connectivity solutions in the Indian market.  The Miluz ZeTa collection features innovations like a patented space-saving switch socket, an Air Quality Indicator (AQI), and a Voltage Surge Protector (VSP). Compatible with the Schneider Electric Wiser system, the range facilitates seamless energy management and smart home integration. The Miluz ZeTa range, which recently won an accolade at India’s Best Design Awards 2024,…