|

Tata Group invests Rs 9.5 billion in battery manufacturing subsidiary

By

Tata Group has invested Rs 9.5 billion into its battery manufacturing subsidiary, Agratas, to expand in the new energy sector. Agratas focuses on advanced manufacturing capabilities for cleaner energy solutions, particularly for the automotive industry.

The company plans to build a 40 GWh gigafactory in the UK and a 20 GWh plant in Sanand, Gujarat, using cutting-edge technology. Agratas produces batteries for the automotive and energy sectors, including two-wheelers, commercial vehicles, and energy storage systems. Its initial customers include Tata Group firms Jaguar Land Rover (JLR) and Tata Motors.

Similar Posts

|

ACME Solar launches Rs 30 billion IPO

By

ACME Solar launched its initial public offering (IPO) today, November 6, 2024, valued at Rs 30 billion, with a price band of Rs 275 to Rs 289 per equity share. The IPO, open until Friday, November 8, 2024, requires a minimum bid of 51 shares, with additional bids in multiples of 51.  The offering includes a fresh issue of Rs 23.95 billion and a sale offer of Rs 5.05 billion by ACME Cleantech Solutions. An…

|

Tata Power acquires 40% stake in 600 MW Bhutan hydropower project

By

Tata Power Company Limited (TPCL) has signed a share purchase agreement to acquire a 40% equity stake in Khorlochhu Hydro Power Limited (KHPL) for the development of a 600 MW hydropower project in Bhutan, valued at Rs 69 billion.  TPCL will invest approximately Rs 8.3 billion in cash over multiple tranches during the next five years.

|

RattanIndia Power reports Rs 0.93 billion profit in Q1 FY25

By

RattanIndia Power posted a consolidated net profit of Rs 0.93 billion for the April-June 2024 quarter, primarily driven by higher revenues. This marks a significant turnaround from the Rs 5.49 billion loss reported in the same quarter last year. The company’s total income rose to Rs 10.16 billion in the reporting quarter, up from Rs 9.36 billion a year ago, according to a regulatory filing.

|

Ola Electric launches three motorcycle variants, stocks surge 

By

Electric vehicle maker Ola Electric Mobility has introduced a new series of motorcycles, marking its entry into the largely untapped motorcycle segment of India’s two-wheeler market. This launch comes shortly after the company’s initial public offering (IPO), which raised $734 million. India’s electric two-wheeler market is predominantly dominated by scooters, with motorcycles accounting for just 1% of EV sales. Ola Electric aims to shift this dynamic with its three new motorcycle variants, including the entry-level…

|

Adani Group plans 10 GW of overseas hydroelectric projects

By

Adani Group is planning to develop 10 gigawatts (GW) of hydroelectric projects overseas in the coming years as part of its strategy to reach net zero carbon emissions by 2050. The conglomerate, led by billionaire Gautam Adani, is exploring projects in countries like Nepal, Bhutan, Kenya, Tanzania, the Philippines, and Vietnam, according to sources familiar with the plans. The group is particularly interested in regions with favourable topography and growing demand for hydropower. The move…

|

Karnataka simplifies transfer of Gruha Jyoti scheme benefits to new homes

By

The Energy Department in Karnataka has announced that residents can now delink their old Revenue Register (RR) number and link a new one to continue enjoying the benefits of the Gruha Jyoti scheme, which offers free electricity up to 200 units for domestic users. This update, marking the scheme’s first anniversary, ensures uninterrupted support for beneficiaries, even when they move to a new home. The Gruha Jyoti scheme is one of the five key promises…

Leave a Reply

Your email address will not be published. Required fields are marked *