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ONGC to undertake 1.75 MMT strategic oil reserve expansion at Mangaluru
ONGC approved a 1.75 MMT strategic petroleum reserve expansion at Mangaluru. This project will add significant storage capacity to India's energy security network. India is strengthening its reserves after recent global supply chain disruptions. Additional SPR facilities are also being developed in Odisha and Karnataka. This increases India's total oil storage capacity to approximately seventy-four days.
These 3 BESS stocks are betting big on India’s energy storage boom - livemint.com
These 3 BESS stocks are betting big on India’s energy storage boomlivemint.com
Havells India shares in focus after foray into the BESS segment with Norway-based Pixii AS
As part of the collaboration, the companies will work via a phased roadmap to establish a long-term BESS ecosystem in India. These phases include understanding the market requirements via pilot installations for validation of commercial opportunities while also co-developing an all-in-one energy storage solution.
Stocks in news: TCS, Groww, Shriram Finance, Dixon Tech, Anand Rathi Wealth
Indian markets saw a rebound on Thursday, recovering from Wednesday's sharp sell-off. TCS reported a 5% year-on-year profit growth, and Groww affirmed its direct mutual fund strategy. Shriram Finance is raising funds to reduce borrowing costs after a rating upgrade. Maruti Suzuki plans to add service points, and Dixon Tech will expand smartphone manufacturing. Premier Energies commissioned a solar module facility, and Anand Rathi Wealth saw profit rise.
Nuclear equipment makers expand capacity as India opens sector
Indian nuclear equipment makers are expanding capacities for anticipated increased demand. New legislation allows private companies to establish nuclear power plants in India. Major power producers have announced plans to enter the nuclear energy sector. The government targets one hundred gigawatts of nuclear capacity by 2047. This expansion offers significant opportunities for component suppliers.
Govt extends BIS certification deadline for large solar inverters to December 31
The renewable energy ministry has extended the deadline for mandatory BIS certification. This extension applies to solar photovoltaic inverters with capacities exceeding two hundred kilowatts. The new deadline for self-certification is December thirty-first, which is later than the original date. Manufacturers can continue supplying these inverters based on self-certification and valid IEC certificates. This decision was made due to limited testing facilities for high-capacity solar inverters.
Groww says direct mutual funds remain core offering amid confusion over MF Prime
The investment platform clarified that its new MF Prime service is an optional offering for investors seeking research-backed guidance and does not replace its zero-commission direct mutual fund platform.
Groww responds to Nithin Kamath tweet: Direct mutual funds remain free for DIY investors
Groww assures investors direct mutual funds remain free for do-it-yourself users. The platform stated its commitment to zero-commission offerings for these investors. This clarification follows recent discussions regarding mutual fund offerings in the market.
Zerodha will keep direct mutual fund plans for free, says Nithin Kamath
Zerodha founder Nithin Kamath reaffirmed the company’s commitment to offering direct mutual funds free of charge. He said Coin has helped investors save commissions, while many rival platforms have exited or reconsidered the low-cost direct mutual fund business model.
Power companies may report strong Q1 earnings as electricity demand jumps
PL Capital expects power companies to post stronger June-quarter earnings as a heatwave and delayed monsoon lifted electricity demand, with NTPC, Power Grid and Adani Energy Solutions among the likely beneficiaries.
Havells India forays BESS segment in collaboration with Pixii AS
Havells India announced a strategic collaboration with Pixii AS, a Norway-based energy storage technology company, to develop and introduce advanced Battery Energy Storage Systems (BESS) for the Indian market.
Premier Energies doubles solar module capacity, enters battery storage business
Premier Energies has commissioned a 5.6 GW solar module manufacturing plant in Telangana, doubling its total module capacity to 11.1 GW, while also laying the foundation for a 6 GWh battery energy storage facility and an aluminium frames plant.