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Sterling Tools partners with Meishuo Electric for latching relays production
Sterling Tools has formed a partnership with Zhejiang Meishuo Electric Technology to manufacture latching relays in India, aiming for Rs 2 billion in revenue by FY2030. A new facility will be established in Bengaluru with an initial investment of Rs 200 million, spearheaded by its subsidiary, Sterling Tech-Mobility. The collaboration focuses on producing advanced latching…
India secures $386 bn investment commitments for renewable energy at RE-Invest 2024
Ministry of Renewable Energy has received investment commitments totalling $386 billion from banks and financial institutions at the RE-Invest conference in Gandhinagar, Gujarat. These investments aim to help India double its clean electricity capacity by 2030, targeting 500 GW of non-fossil capacity. ReNew, a major renewable energy company pledged to expand its renewable capacity from…
KfW inspect green corridor projects in Madhya Pradesh
A delegation from KfW Development Bank recently reviewed transmission projects executed by Madhya Pradesh Power Transmission Corporation Ltd (MPPTCL) under the Green Energy Corridor – Phase I (GEC-I). As per MPPTCL’s release, these projects were completed ahead of schedule and are now operational. The GEC-I scheme, funded by KfW, includes intrastate transmission systems aimed at…
JK Cement raises stake in O2 Renewable Energy V
JK Cement Limited has expanded its investment in O2 Renewable Energy V Private Limited with a further 12.21 per cent equity purchase for about Rs 0.05 billion. The transaction lifts its total shareholding in the O2 Power SPV to 28.97 per cent. The company bought 46,45,658 shares from JSW Neo Energy Limited at Rs 11.18…
Interview with Satyen Mamtora: Ester oil, ultra-high voltage and TARIL’s next transformer shifts
Transformers and Rectifiers (India) Limited (TARIL) has doubled its transformer manufacturing capacity to 33,000 MVA over the past two years and is now targeting 75,000 MVA, alongside expanding into high-value segments such as high-voltage direct current (HVDC), ultra-high-voltage systems and export markets across more than 40 countries. The company recently secured a landmark HVDC transformer…
ACME Solar commissions BESS phases totalling 176 MW in Rajasthan
ACME Solar Holdings Limited has commissioned a 142.67 MW / 481.49 MWh Battery Energy Storage System (BESS) in Rajasthan through its subsidiaries. The project represents Phase 1 of a planned total BESS capacity of 585 MW / 2,011 MWh to be developed under the same special purpose vehicles (SPVs). The BESS installations are connected to…
