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US-India Civil Nuclear Commerce meeting underscores deepening collaboration in science and clean energy
Union Minister Dr. Jitendra Singh chaired a crucial bilateral meeting on US-India Civil Nuclear Commerce at Prithvi Bhavan, focusing on the expanding partnership between the two countries in science, technology, and clean energy. During the meeting, Dr. Singh announced that an Indian astronaut from the Gaganyaan Mission would soon join the International Space Station, marking a significant milestone in Indo-US space collaboration. Dr. Singh emphasized the importance of the US-India partnership in securing global supply…
India issues 11,098 MW in renewable energy tenders, draws $103 mn in October investments
In October, India’s renewable energy sector surged with 16 new tenders, totalling a capacity of 11,098 MW. Auctions allocated 6,316 MW to various developers, pushing India’s total renewable capacity beyond 200 GW, including large hydro, while total electricity generation capacity reached 452.69 GW. Rajasthan, Gujarat, Tamil Nadu, and Karnataka led in renewable installations. Key tenders included NHPC’s 1,200 MW solar and SECI’s 1,200 MW round-the-clock renewables. NTPC launched a 1,200 MW wind-solar hybrid tender with…
GE Power India secures Rs 472.7 million order from Steag Energy Services
GE Power India Ltd has secured a Rs 472.7 million order from Steag Energy Services (India) Private Ltd for renovation and maintenance (R&M) work on a 600 MW boiler. The order value excludes an 18% GST, according to the company’s exchange filing. The project is expected to be completed within 6.5 months.
Chinese EV makers enter Thai Market amid western tariffs
China’s electric vehicle (EV) companies are expanding into Thailand, a key industry hub, as Europe and the United States impose tariffs to limit their entry. GAC Aion, a Chinese EV maker, set up its first overseas operation in Thailand a year ago. Starting with no office, factory, or local employees, the team quickly adapted, selling their first vehicle within 74 days. Chinese EV manufacturers like Aion are rapidly entering overseas markets, with Thailand being one…
TI Clean Mobility gears up for expansion in electric three-wheeler market
TI Clean Mobility (TICMPL) is actively expanding its electric three-wheeler business, with plans to introduce two new products in the coming months and expand its dealer network in the northern and eastern regions—key markets for electric passenger autos. The company is employing location-specific strategies to increase market share and boost sales volumes. TICMPL is also preparing for new product launches in the cargo and e-rickshaw segments, scheduled for this and the next quarters. As part…
KEI Industries approves Rs 20 billion QIP proposal
KEI Industries Ltd’s board of directors has approved a proposal to raise Rs 20 billion through a qualified institutional placement (QIP). The funds will be raised via the issuance of equity shares or other eligible securities, subject to shareholder and regulatory approvals. A “Fund Raising Committee” has been formed to finalize the QIP’s terms and conditions. In its financial results for H1FY25 (April to September), KEI Industries reported: Domestic institutional sales of wire and cable…