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REC signs MoU with RE developers for Rs 1.12 trillion during 4th RE-INVEST
This will increase the share of Renewables from current 8% to 30% by 2030, as REC’s loan book is projected to be of Rs 10 trillion by 2030.Read more
REC commits $280 million to Hygenco's green ammonia project in Odisha
In July, it was reported that Hygenco is in talks with global investors for a potential stake sale to raise about $400 million for future expansion.Read more
Waaree becomes the only Indian solar panel manufacturer recognised in RETC PV benchmarking report 2024
Waaree Energies Limited has been rated as the Overall Highest Achiever in the PVMI Report 2024, a recognition that highlights the company's performance across certain key areas evaluated. Read more
Baba Kalyani becomes 2nd Indian to receive U.S.I.B.C Global Leadership Award
Each year, USIBC recognises business champions from the U.S. and India who dedicate their work to advancing the bilaterial economic relationship and making significant contributions to catalysing growth in the U.S.-India commercial corridor. Read more
Servotech receives order to install 11 public EV charging stations for BESCOM
Additionally, Servotech will provide warranty support and handle all necessary electrical connections and power supply arrangements.Read more
India added 3.6 GW of solar open access in a record H1 2024
Installations in Q2 2024 were up 152% year-over-year (YoY) compared to 712.8 megawatts (MW) in Q2 2023.Read more
Despite dip in value; UPI transaction volume hits record high in August
Unified Payment Interface (UPI) transactions reached a new peak in August, with a 3% increase in volume, totalling 14.96 billion transactions, up from 14.44 billion in July. This marks the highest transaction volume since UPI's launch in April 2016.Read more
DGTR recommends anti-dumping duty on Chinese aluminium foil
The investigation focused on the import of aluminium foil up to 80 microns in thickness, excluding foil below 5.5 microns intended for non-capacitor applications.Read more
India's rooftop solar installations exceed 1 GW in a record first half of 2024
The growth in installations during the first half (1H) and Q2 of 2024 was largely driven by increased residential rooftop solar capacity under the PM—Surya Ghar: Muft Bijli Yojana (PM—Surya Ghar).Read more
Socomec India’s testing lab receives NABL certification
The NABL accreditation is set to benefit all sectors focused by Socomec, including data centres, healthcare, renewable energy, infrastructure, and commercial & industry buildings.Read more