Business

New Delhi: Power Finance Corporation (PFC), a Maharatna Company and a leading NBFC in the power sector, has paid Rs 462 crore to the Govt. of India and Rs 363 crore to other shareholders, totalling  Rs 825 crore as the Final Dividend for the financial year 2023-24. For the Financial Year 2023-24, PFC paid Rs. 4455 Crore dividend, out of which Rs. 2495 Crore, including the final dividend of Rs. 462 crore, was paid to Govt. of India against 55.99%…

Gandhinagar/Gurugram: REC Limited, a Maharatna CPSU under the Ministry of Power and a leading NBFC, has signed Memorandum of Understanding (MoU) during 4th Global Renewable Energy Investors Meet & Expo (RE-INVEST 2024) in Gandhinagar with RE developers aggregating about ₹ 1.12 lakh crore which will be implemented over a period of 5 years. The MoUs cover projects based on Solar and Wind hybrid projects, Solar and Wind Round the Clock (RTC) project, Firm and Dispatchable RE (FDRE) power, Floating Solar Plants,…

● MSEDCL issues Letter of Intent for 6600 MW to Adani Power● Adani Green to supply 5 GW (5000 MW) solar power from Khavda● Adani Power to supply 1496 MW (net) thermal power from new 1600 MW Ultra super critical capacity● Adani Green and Adani Power to sign separate contracts with MSEDCL for their respective supply component as permitted under the tender conditions● Largest solar power capacity award globally, succeeding AGEL’s record-setting green power award received in 2020 Ahmedabad :…

Power Finance Corporation (PFC), A Maharatna Company and leading NBFC in Indian power sector received notable recognition from Shri Pralhad Joshi, Hon’ble Union Minister of New and Renewable Energy (MNRE) at RE-INVEST 2024 for its outstanding contribution to India’s renewable energy sector. PFC has played a pivotal role in providing financial support to 68 GW of 200 GW total installed renewable capacity, demonstrating its commitment to sustainable energy solutions. As the largest financier of renewable energy projects in India, PFC’s…

The Union Minister of Ports, Shipping & Waterways, Shri Sarbananda Sonowal dedicated the Tuticorin International Container Terminal (TICT) to the nation at the VO Chidambaranar Port Authority (VOCPA) here today. The Union Minister also inaugurated key infra projects as well as laid foundation stones for several initiatives. The Prime Minister Shri Narendra Modi addressed the inauguration of Tuticorin International Container Terminal via video message today. Speaking on the occasion, the Prime Minister underlined that today marks a significant milestone in…

The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, is set to launch a groundbreaking digital platform aimed at strengthening India’s startup ecosystem. The Bharat Startup Knowledge Access Registry (BHASKAR) initiative, under the Startup India program, is a platform designed to centralize, streamline, and enhance collaboration among key stakeholders within the entrepreneurial ecosystem, including startups, investors, mentors, service providers, and government bodies. This initiative aligns with the Government of India’s vision to transform India…

Ahmedabad : The Adani Group is honoured to be featured in TIME’s prestigious World’s Best Companies of 2024 list, prepared in collaboration with Statista, a leading global industry ranking and statistics portal. This accolade highlights the Adani Group’s commitment to employee satisfaction, revenue growth and sustainability. This is further validation of the Adani group’s hard work and continuous efforts to push boundaries and deliver excellence across businesses. The World’s Best Companies 2024 list is based on a rigorous analysis across…

Ahmedabad : Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest port developer-cum-operator, has signed a concession agreement with DPA to develop Berth No. 13 at Deendayal Port, Kandla, Gujarat. APSEZ has incorporated a wholly owned subsidiary, DPA Container and Clean Cargo Terminal Limited (DPACCCTL), that will carry out operations at the berth. In July 2024, APSEZ had received the LOI for the development, operation and maintenance of the berth for a 30-year concession period. APSEZ will develop the berth…

Reinforces the transparency, stability and predictability of AGEL’s Capital Management Plan Ahmedabad : Adani Green Energy Ltd (AGEL) completes redemption of all outstanding USD 750 million 4.375% Holdco Notes due on 8 September 2024. This follows AGEL’s announcement, in January 2024, to fully backstop the Holdco Notes through a fully funded redemption reserve account maintained eight months prior to the redemption date to facilitate full redemption of Holdco Notes upon maturity in compliance with applicable guidelines.   Issued in September 2021,…

Lucknow : Chief Minister Yogi Adityanath, on Monday, laid the foundation stone for the IKEA store in Noida. On this occasion, he remarked that in the past seven and a half years, Uttar Pradesh has gained the confidence of both domestic and international investors, with IKEA India being a key example. Expressing gratitude for IKEA India’s Rs 5,500 crore investment proposal in the state, CM Yogi noted that Uttar Pradesh has now become the preferred investment destination in India. He…