Business
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,…
Read More »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…
Read More »Esteemed faculty, honoured guests, and my dear students, Let me start by wishing all teachers present here a very happy Teacher’s Day! It’s a great honour to address all of you at the Jai Hind College. This institution, born from the ashes of India’s partition, is a great example of the resilience of human spirit. I find it fascinating that, 75 years ago, two visionary professors from the D J Sind College in Karachi laid the foundation for this institution…
Read More »New Delhi – REC Limited, a Maharatna CPSU under the Ministry of Power and a leading NBFC, has been conferred with the prestigious “Nodal Agency of the Year” award at the Bharat Electricity – Powering India Awards 2024. This esteemed recognition is a testament to REC’s innovative initiatives and leadership in the energy sector, driving significant progress in India’s power infrastructure. The award was presented during the highly anticipated PowerGen India & Indian Utility Week 2024, a premier event that brings…
Read More »Ahmedabad : Adani Green Energy Limited (AGEL), India’s largest renewable energy company, and TotalEnergies, have announced a strategic joint venture (JV), equally owned by both entities, aimed at managing a portfolio of solar projects totaling 1,150 MW. The projects are located at the world’s largest renewable energy plant in Khavda, Gujarat. AGEL will contribute its current assets to the new JV, while TotalEnergies plans to inject USD 444 million to accelerate the development of these projects. This investment underscores AGEL…
Read More »REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the Maharatna CPSU under the aegis of Ministry of Power, handed over a project specific SPV (Special Purpose Vehicle). viz, Tumkur-II REZ Power Transmission Limited to M/s G.R. Infraprojects Limited (GRIL) on 03rd September, 2024 at Gurugram. M/s G R Infraprojects Limited (GRIL) emerged as the Transmission Service Provider (TSP) through Tariff-based Competitive Bidding (TBCB) process conducted by RECPDCL – the Bid Process Coordinator, for development of above…
Read More »The Open Network for Digital Commerce (ONDC) has been awarded the prestigious Gold Award under the category “Application of Emerging Technologies for Providing Citizen-Centric Services” in the National Awards for e-Governance (NAeG) during the 27th National Conference on e-Governance (NCeG). The award ceremony was held on 3rd September 2024, in Mumbai. The National Awards for e-Governance by the Department of Administrative Reforms and Public Grievances (DARPG) is recognized amongst the most competitive and prestigious digital governance recognition in the country. The objective…
Read More »Ahmedabad : Adani Energy Solutions Ltd (AESL), India’s largest private transmission and distribution company and part of the globally diversified Adani portfolio, today said that it has completed SPV acquisition of Khavda Phase-IV Part-A transmission project after receiving a letter of intent (LOI) from REC Power Development and Consultancy Ltd. The award of this project further strengthens AESL’s position as a leader in India’s energy transition and consolidates its position as the largest private sector transmission player in India. Khavda IVA…
Read More »SJVN has been conferred with prestigious Navratna status by Department of Public Enterprises, Government of India. This prestigious recognition, making company 25th Navratna of India, marks a momentous milestone in SJVN’s 36-year journey. Sh. Sushil Sharma, Chairman & Managing Director, SJVN expressed his heartfelt gratitude for visionary leadership of Hon’ble Prime Minister Sh. Narendra Modi in witnessing this historical day. He expressed gratefulness for continuous guidance and unwavering support of Hon’ble Finance Minister Smt. Nirmala Sitharaman and Hon’ble Power Minister Sh.…
Read More »NHPC Limited has been accorded with the prestigious status of ‘Navratna’ company by the Government of India. As per order issued by Department of Public Enterprise (Ministry of Finance) on 30.08.2024, NHPC has been declared a ‘Navratna Company, thereby giving it greater operational and financial autonomy. Shri R.K. Chaudhary, CMD, NHPC said, “This is a truly historic moment for the NHPC family and recognition of our remarkable financial and operational accomplishments.” He expressed gratitude on behalf of the NHPC family…
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