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Telangana secures Rs 315 billion investment during Chief Minister’s US visit

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During Telangana Chief Minister A Revanth Reddy’s visit to the US, the state secured investment deals worth Rs 315 billion, 19 investment deals and MoUs. Key sectors benefiting from these investments include IT, Global Capability Centers (GCC), life sciences, pharmaceuticals, data centres, AI, cloud services, electric vehicles, green energy, FMCG, and manufacturing. Major announcements in the IT sector include a new Global Capability Center by Charles Schwab and significant expansions by global IT giants Cognizant…

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Amazon India partners with Gentari to deploy 10,000 EVs for delivery operations by 2025

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Amazon India has announced a partnership with electric mobility company Gentari to expand its use of electric vehicles (EVs) for last-mile deliveries. The collaboration aims to deploy 10,000 EVs by 2025, furthering Amazon’s commitment to sustainable logistics. Under this partnership, Gentari Green Mobility will supply and manage the EVs over the next three years. They will also provide fleet management services to Amazon’s Delivery Service Partners (DSPs), ensuring efficient operation and maintenance of the electric…

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Australia explores investment opportunities in Bihar’s renewable energy sector

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Australian Consul-General in Kolkata, Hugh Boylan, has expressed Australia’s keen interest in exploring opportunities within Bihar’s rapidly growing renewable energy landscape. Bihar has significant potential for renewable energy generation, with the central government estimating the state could produce 16,000 MW of non-conventional energy, including 11,200 MW from solar and 3,650 MW from wind.   Australian companies are expected to visit the state soon to explore potential investments, particularly in solar energy. The Government of the state…

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Share of thermal power in India’s energy mix to decline by FY26 as renewables rise

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The share of thermal power in India’s overall power generation is projected to decline to 67% by the fiscal year 2025-26, down from 73% in FY24, according to Crisil Ratings. While thermal power has met growing electricity demand over the past five years, the upcoming surge in renewable capacity—over 50 gigawatts (GW) by FY26—will outpace thermal power generation growth. This marks the first time incremental RE generation growth, at 20%, will surpass overall power demand…

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Maharashtra signs MoUs for 5,630 MW pump storage hydro power projects

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On 12 August 2024, the Maharashtra government’s Water Resources Department (WRD) signed three memoranda of understanding (MoUs) for pump storage hydro power projects with a combined capacity of 5,630 MW. The projects, estimated to cost Rs 246.31 billion, are expected to create 10,300 jobs. WRD, as the nodal agency, signed MoUs with Mahagenco, Tata Power, and Avaada Group. Avaada Group will develop two pumped storage projects totaling 2,750 MW, including the 1,500 MW Pawana-Falyan project…

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CyanConnode reaches 2 million RF communication endpoints milestone in India

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CyanConnode Pvt Ltd, a leading provider of narrowband radio frequency (RF) smart mesh networks, has announced the successful deployment of over 2 million RF communication endpoints, making it the first smart metering communications provider in India to achieve this milestone. The company’s communication network has been instrumental in the success of smart metering projects across ten states: Assam, Rajasthan, Himachal Pradesh, Madhya Pradesh, Gujarat, Tamil Nadu, Bihar, Maharashtra, Karnataka, and Andhra Pradesh.  In recognition of…

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BHEL secures Rs 133 billion EPC contract for DVC’s Koderma thermal power project

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Bharat Heavy Electricals Ltd (BHEL) has officially announced winning the EPC contract worth Rs 133 billion for Damodar Valley Corporation’s (DVC) Koderma thermal power project in Jharkhand. BHEL will establish a 2×800 MW coal-fired supercritical power plant in Koderma district on an EPC basis. The project scope includes the supply, erection, commissioning, and civil works. Key equipment will be provided by BHEL’s manufacturing units in Haridwar, Trichy, Bengaluru, Hyderabad, Bhopal, and Ranipet, while the site…

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CERC grants transmission licences to IndiGrid subsidiaries

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The Central Electricity Regulatory Commission (CERC) has granted a transmission licence to Dhule Power Transmission Ltd (DPTL), a subsidiary of India Grid Trust (IndiGrid). DPTL is developing the “Transmission system for evacuation of power from Dhule 2GW REZ” on a build, own, operate, and transfer (BOOT) basis. The Rs 6.37 billion project, set for completion by February 2026, includes a new 4×500 MVA, 400/220kV pooling station and a 400kV double-circuit line in Maharashtra. IndiGrid won…

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Axitec launches 300 MW solar module plant in Tamil Nadu

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Axitec has unveiled a new manufacturing plant in Tiruvallur, Tamil Nadu, with an operational capacity of 300 MW per year. The facility will produce solar modules using n-type TOPCon technology, strategically located to optimize production and streamline the supply chain for timely product delivery. This expansion is part of Axitec’s efforts to meet growing market demands and deliver high-quality solar solutions more efficiently. The plant is in the process of obtaining ALMM certification, with listing…

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Amara Raja partners with Piaggio India to develop Lithium-Ion cells for EVs

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Amara Raja has signed an MoU with Piaggio India to develop Lithium-Ion (Li-ion) cells and chargers for Piaggio’s electric vehicles. The collaboration focuses on supplying Lithium Iron Phosphate (LFP) Li-ion cells and chargers for Piaggio’s electric three-wheelers and creating battery packs. The company has also begun work on its customer qualification plant (CQP) for cell manufacturing and a battery pack plant at Divitipally, Mahabubnagar district. The first phase of the battery pack plant, with a…