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Sterling Tools partners with GLVAC to boost EV component manufacturing in India
With an expected business impact of Rs 2.5 milllion by FY30, the venture involves an investment of around Rs 400 milllion to establish a new production facility in Bengaluru.Read more
India to surpass China in new energy sector
Projections from NITI Aayog suggest that by 2030, India's green ammonia production costs could be approximately 29% lower than China’s and 43% lower than Australia’s. Read more
Reliance Industries to invest $60 bn in 10 years estimates Morgan Stanley
The Tata group has announced plans to invest $120 billion while firms in the Adani tent will put in $100 billion in the next one decade mainly to build airports, sea ports, and roads.Read more
Welspun New Energy, Gujarat Pipavav Port join forces for Green Hydrogen Hub
Welspun World, operating through Welspun New Energy, has committed a substantial investment exceeding Rs 40,000 crores to contribute to Gujarat's decarbonisation objectives.Read more
Green Hydrogen costs to decline, govt support vital: Kotak report
The adoption of GH in lieu of traditional fossil fuels will necessitate governmental support, the analysts assert in their New Energy sector report titled Read more
RIL unveils ambitious new energy ventures
Dhirubhai Ambani Green Energy Giga Manufacturing Complex, Solar PV Manufacturing Ecosystem, Solar PV Manufacturing Ecosystem, Cost-Efficient Wind Power Generation, Battery Giga Factory, and Sodium-Ion Battery Technology, Green Hydrogen are included project names.Read more
Tecumseh unveils new energy efficient TC series compressors with R-290 in India
The new TC compressor models, showcased at the Acrex India 2023 trade fair in Mumbai, are optimised for R-290 refrigerant and are designed to deliver high efficiency for L/MBP applications in light commercial refrigeration ranging from 3cc to 8cc. Read more
BorgWarner sites celebrate two production milestones
BorgWarner, a global leader in delivering innovative and sustainable mobility solutions for the vehicle market, recently announced major milestones at two of its production facilitiesRead more
Govt selects 4 bidders for PLI scheme for ACC battery storage
The government expects direct investment of around Rs 45,000 crore in Advanced Chemistry Cell (ACC) battery storage manufacturing projects.Read more
BEE notifies new energy standards for ACs
The Central Government in consultation with the Bureau of Energy Efficiency (BEE) has notified new energy performance standards for Room Air Conditioner (RACs).Read more