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India’s GDP rises by 7.6% in Q2 FY24, manufacturing, construction led the growth
The growth was much higher than expected, mainly driven by investments and government consumption. However, private consumption growth was muted due to weak rural demand and some moderation in urban demand amid elevated inflationary pressures in Q2.Read more
Suzlon secures order for their 3 MW series turbines from Juniper Green Energy
Suzlon will install 16 wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower of their new product with a rated capacity of 3.15 MW each.Read more
Gujarat unveils Renewable Energy Policy-2023, poised to attract Rs 5 trn investments
Chief Minister of Gujrat, Bhupendra Patel unveiled the policy in Gandhinagar alongside Energy Minister Kanubhai Desai. This policy will be effective until 2028.Read more
Windenergy India 2023 highlights diversification, collaboration for sustainable future
The future lies in round the clock power through renewable energy. The solution lies in wind or solar energy equipment, says the Association's secretary general D V Giri.Read more
TReDS platforms thrive: Boosting MSMEs with rapid growth, innovation
The Trade Receivables Discounting System (TReDS) introduced by the RBI to alleviate liquidity challenges faced by MSMEs, operates as an electronic platform facilitating the financing and discounting of trade receivables for these businesses.Read more
KBL receives Patent for Hydro Power Generation System
The patent has been bestowed in accordance with the Patents Act of 1970. The PICO pump turbine is poised to revolutionise energy generation across various sectors and industries. Read more
Indian Wind Energy faces economic hurdles in repowering old turbines
Repowering turbines with higher-capacity machines is not economically viable due to the lack of incentives when compared to establishing new installations at fresh sites.Read more
India accelerates drive for homegrown solutions for marine gas turbines
This urgency stems from the disruption caused by the conflict in Ukraine, which has affected Zorya-Mashproekt, the primary supplier of MGTs to the Indian Navy.Read more
Reliance Industries explores entry into Semiconductor Manufacturing
At present, the names of the foreign chip manufacturers involved in these discussions remain undisclosed. The decision to invest in semiconductor manufacturing has not been finalised.Read more
India's Q1 FY24 GDP growth hits 7.8% despite challenges ahead
According to data released by the National Statistical Office, the services sector was the driving force behind the growth in this quarter. As a result, the economy is now 13.8% larger than it was in the pre-pandemic first quarter of FY20, in real terms.Read more