Sterling Tech-Mobility collaborates with Chinese firm for EV component plant
Author: PPD Team Date: November 7, 2024
Author: PPD Team Date: November 7, 2024
Sterling Tech-Mobility has announced plans to set up a manufacturing facility in Bengaluru, Karnataka, in partnership with Chinese firm Kunshan GLVAC Yuantong New Energy Technology.Â
This initiative will focus on producing high-voltage DC (HVDC) contactors and relays, essential components for electric and hybrid vehicles (EVs and HEVs).Â
Projected to generate Rs 2.5 billion in revenue by FY30, the facility aims to strengthen India’s EV supply chain by enabling domestic access to advanced technology.
Sterling Tools will leverage niche technology to manufacture and assemble HVDC components locally, supporting Indian OEMs and tier-I suppliers.Â
HVDC contactors and relays are vital for safe power circuit switching in EVs, helping to protect against electrical faults while enhancing operational efficiency.
Author: PPD Team Date: July 15, 2025 The National Stock Exchange (NSE) successfully launched its Monthly Electricity Futures (ELECMBL) contracts on 14 July 2025, recording a total turnover of Rs 177.24 crore by the end of the first trading day. More than 8,100 contracts were traded, reflecting strong early interest in India’s newest power market instrument. By 2:00 PM on Monday, over 4,000 lots had already been traded, representing more than 200 million units of…
Author: PPD Team Date: January 7, 2026 Tata Power Renewable Energy Limited (TPREL) will establish a 10 GW ingot and wafer manufacturing facility in Nellore, Andhra Pradesh, with an investment of Rs 6,675 crore. The project has been approved by the State Investment Promotion Board (SIPB), chaired by Chief Minister Chandrababu Naidu, and is expected to be the largest facility of its kind in India. The plant will be located in the Indian Farmers Fertiliser…
Author: PPD Team Date: July 8, 2025 THDC India Limited (THDCIL) has initiated the commercial operation date (COD) process for the second unit of its Tehri Pumped Storage Plant (PSP) in Uttarakhand. The 250 MW unit is part of the 1,000 MW Tehri PSP project. The milestone was virtually inaugurated by Shri Pankaj Agarwal, Secretary, Ministry of Power. The Tehri PSP is India’s first variable speed pumped storage facility. It is also the largest pumped…
Author: PPD Team Date: April 14, 2025 Jupiter International Limited has raised Rs 5 billion from ValueQuest SCALE Fund and its affiliates to expand its solar manufacturing business. This is the second round of investment from ValueQuest in the company. The funds, combined with internal accruals, will go toward an ongoing capital expenditure program. The goal is to increase production capacity to 5.6 GW for solar cells and 2.4 GW for solar modules. Jupiter aims…
Author: PPD Team Date: November 20, 2024 The National Electric Grid of Kyrgyzstan (NEGK) has completed the construction of critical infrastructure for the Central Asia-South Asia Electricity Transmission and Trade Project (CASA-1000). This includes 1,243 pylons, 456.06 km of transmission lines, and a substation bay at the 500 kV Datka substation. The CASA-1000 project aims to facilitate the trade of 1,300 MW of electricity among Kyrgyzstan, Tajikistan, Afghanistan, and Pakistan. The initiative will transport surplus…
Author: PPD Team Date: December 10, 2025 Tata Power has commissioned the 400 kV Koteshwar Rishikesh transmission line. The company announced the development in a press release dated 09 December 2025. The new line will evacuate up to 1,000 MW of hydropower from the Tehri Koteshwar complex in Uttarakhand and supply it to six northern states and three union territories. These include Haryana, Punjab, Uttar Pradesh, Delhi, Rajasthan and Jammu and Kashmir. The project was…