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Kataria Industries acquires Ratlam Wires’ wire manufacturing business
Kataria Industries has acquired the wire manufacturing business of Ratlam Wires for approximately Rs 310 million. The acquisition, valued at Rs 306 million, is structured as a slump sale, with the business continuing as a going concern. This move is expected to enhance Kataria’s presence in the steel wire industry. Ratlam Wires produces various steel…
Waaree Energies reports strong Q3 FY 2024-25 results
Waaree Energies Limited has reported a remarkable performance for Q3 FY 2024-25, with total income rising by 114.63% to Rs 35,452.65 million. The earnings before interest, tax, depreciation, and amortisation (EBITDA) surged by 256.97% to Rs 8,097.05 million, while profit after tax (PAT) increased by 259.98% to Rs 5,068.76 million. The EBITDA margin expanded to…
EU targets 90% emissions cut by 2040, launches Hydrogen Mechanism for clean industry
The European Commission (EC) has proposed an amendment to the EU Climate Law, targeting a 90% reduction in net greenhouse gas emissions by 2040, compared to 1990 levels. The amendment builds on the legally binding commitment to climate neutrality by 2050, which came into effect in July 2021. The proposal is grounded in the Commission…
Sugs Lloyd wins Rs 3 billion power infrastructure projects in Bihar
Sugs Lloyd has emerged as the lowest bidder for two Bihar government projects worth Rs 3 billion. The contracts include the supply, installation, testing, and commissioning (SITC) of a power substation along with high-tension (HT) and low-tension (LT) lines. CEO Satyakam Basu expressed excitement over this milestone, noting that the company is considering an IPO…
Quality Power subsidiary wins FACTS order from Japan
Quality Power Electrical Equipments Limited has announced that its material step-down subsidiary, ENDOKS ENERJI ANONIM SIRKETI, has secured an order to supply Flexible Alternating Current Transmission Systems (FACTS) equipment for a project in Japan. The order is valued at approximately Rs 40.9 crore, excluding taxes, and is scheduled to be executed by approximately December 2026….
New biomass co-firing policy for all coal plants from 2025
The Ministry of Power has approved a new policy that requires every coal-based TPP in India to co-fire biomass pellets from the 2025-26 financial year. The policy replaces earlier guidelines and adds torrefied charcoal made from MSW as an eligible fuel. The aim is to cut emissions and support the management of crop residue and…
