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Suzlon’s Q2 net profit surges 96% to Rs 2 bn
Suzlon Group reported a net profit of Rs 2 billion for the quarter ending September 2024, marking a 96% increase from Rs 1.02 billion in the same period last year. Total income rose by approximately 48% to Rs 21.21 billion, up from Rs 14.29 billion in the corresponding quarter of the previous year.
Equinor and Polenergia engage consortium for design and permits of Baltyk 1 wind farm
Norway’s Equinor and Polish utility Polenergia have contracted a consortium comprising Ramboll and Projmors to provide consultancy services for the design and construction permits for their up-to-1.56 GW Baltyk 1 offshore wind farm. Located 81 km offshore Poland, Baltyk 1 is preparing for participation in a 2025 auction. The consortium will focus on achieving ready-to-build status for the project, leveraging Ramboll’s expertise in engineering and consulting and Projmors’ hydrotechnical design experience crucial for offshore wind…
Tower-Adani JV to set up USD 10-bln semiconductor plant in Maharashtra
The Maharashtra Cabinet panel on 5 September, 2024, approved a Rs 839.47 billion investment proposal by the Tower Semiconductor-Adani Group joint venture (JV) to establish a semiconductor chip manufacturing plant in Panvel, Raigad district. The facility, located in Taloja, will have an initial capacity of 40,000 wafer starts per month (WSPM) in the first phase, with plans to expand to 80,000 WSPM in subsequent phases. The first phase will involve an investment of Rs 587.63…
IIT-Kharagpur study debunks claims of ‘severe ozone hole’ in tropics
A new study led by Jayanarayanan Kuttippurath, a senior professor at IIT-Kharagpur’s Centre for Ocean, River, Atmosphere, and Land Sciences (CORAL), has refuted previous claims of a ‘severe ozone hole’ in the tropical stratosphere. The research, titled “No Severe Ozone Depletion in the Tropical Stratosphere in Recent Decades,” analyzed 42 years of data, dismissing concerns about ozone depletion in the tropics and associated health threats. Kuttippurath and his team examined ground-based ozonesonde and satellite data…
Prashant Kumar Singh appointed as new Secretary of MNRE
Prashant Kumar Singh has been appointed as the new Secretary of the Ministry of New and Renewable Energy (MNRE), replacing IAS Bhupinder Singh Bhalla, who recently retired. Singh, an IAS Officer of the 1993 Manipur cadre, had been serving as Officer on Special Duty (OSD) in the MNRE for the past six weeks. Before this, he was the Chief Executive Officer (CEO) of the Government e-Marketplace (GeM) under the Ministry of Commerce and Industry.
Bajel Projects wins first order in data centre segment
Bajel Projects Ltd has announced its entry into the data centre sector by winning its first order to design and construct a 220/33kV gas-insulated switchgear (GIS) substation and transmission line extension for a colocation data centre in Navi Mumbai, Maharashtra. The project, which will include lattice towers, monopoles, and a GIS substation, aims to provide a reliable and efficient power supply. Bajel is committed to completing the project on time while adhering to stringent safety…