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Coal India plans syngas projects near gas-based power, DRI and fertiliser units as gas supply tightens
In a strategic move to bolster energy security, Coal India is gearing up to establish new coal-to-syngas facilities strategically positioned at mine pitheads or close to industrial users. This initiative comes in light of recent global gas supply challenges, prompting the company to actively seek partnerships with developers and industrial off-takers for these innovative projects.
RPSG, Inox, Hexa bid for Enel's renewable energy projects in India
The three firms submitted their bids last week in the ₹3,000 crore enterprise value range for Enel's India business comprising renewable energy generation projects with a potential capacity of 2.5 gigawatts, the people said. The bids were preceded by a six-week period of due diligence during which the Indian suitors were given access to the assets of Enel Green Power India Pvt Ltd.
RIL, NTPC, Adani and Lalitpur line up Rs 6.5 lakh cr for nuclear energy
Reliance Industries will invest Rs 2 lakh crore to develop 7,200 MW of nuclear capacity. Adani Power has outlined Rs 1.5 lakh crore for 6,000 MW projects, while state-run NTPC will invest Rs 1 lakh crore in building 7,200 MW capacity. Lalitpur Power Generation Company, part of the Bajaj Group, will invest Rs 2 lakh crore for 5,000 MW capacity, according to a Maharashtra government statement.
RIL, NTPC, Adani and Lalitpur line up Rs 6.5 lakh cr for nuclear energy
Reliance Industries will invest Rs 2 lakh crore to develop 7,200 MW of nuclear capacity. Adani Power has outlined Rs 1.5 lakh crore for 6,000 MW projects, while state-run NTPC will invest Rs 1 lakh crore in building 7,200 MW capacity. Lalitpur Power Generation Company, part of the Bajaj Group, will invest Rs 2 lakh crore for 5,000 MW capacity, according to a Maharashtra government statement.
I Squared to pump $1 billion into power grid assets
US firm I Squared Capital is investing one billion dollars in India's power transmission sector. A new entity, Cube Grid, will build essential grid infrastructure. This move taps into a multi-decade opportunity driven by India's growing energy needs. The company sees stable, long-term returns from transmission projects. This investment will support India's economic growth and energy transition.
Maharashtra govt ramps up nuclear energy with MoUs worth Rs 6.5 lakh crore
Maharashtra has signed MoUs with four companies, including Adani Power and Reliance Industries, to attract Rs 6.5 lakh crore in nuclear energy investments. These projects aim to generate 25,400 MW of power and create 1,23,500 jobs, bolstering the state's clean energy initiatives and contributing to India's energy-rich nation goal.
Transformer And Rectifier Manufacturer Secures Rs 175 Crore Order For Rajasthan Power Projects - Dalal Street Investment Journal
Transformer And Rectifier Manufacturer Secures Rs 175 Crore Order For Rajasthan Power ProjectsDalal Street Investment Journal
India, US companies hold talks on nuclear energy cooperation
India and US nuclear industry leaders met to boost collaboration. Discussions focused on reducing costs and construction times for nuclear power projects. India aims for 100 GW nuclear capacity by 2047. The US delegation represents advanced reactor technologies and fuel cycle innovation. New opportunities for partnerships in project development and manufacturing are being explored.
Block deal: JSW Energy sells Rs 3,150 crore JSW Steel stake to GQG, SBI Mutual Fund
JSW Energy has divested a portion of its JSW Steel stake for Rs 3,150 crore to fund its aggressive power generation expansion. The company aims to reach 30 GW capacity by 2030, bolstered by both renewable and thermal power projects. This strategic move enhances capital allocation and supports long-term growth initiatives.
Bajel Projects bags 'major' EPC order for 400 kV transmission project
Bajel Projects secured a major EPC order for a 400 kV transmission line project under the Bellary-Davanagere renewable energy evacuation scheme, awarded by Power Grid Corporation of India Ltd through its SPV Bellary Davanagere Power Transmission.
Bajel Projects wins ₹200–₹300 crore 400kV transmission line order from Power Grid SPV
Shares of Bajel Projects Ltd ended at ₹169.95, up by ₹2.35, or 1.40%, on the BSE.
L&T to set up extra-high voltage substations in Middle East
Larsen & Toubro's Power Transmission & Distribution division has won new orders in the Middle East. The company will build extra-high voltage substations. These projects will ensure reliable power supply to major areas. They will also help decongest existing power grids. The orders are for turnkey projects with strict delivery schedules.