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NTPC Green Energy coming with IPO to raise upto Rs 10599 crore NTPC Green Energy   NTPC Green Energy is coming out with a 100% book building; initial public offering (IPO) of 98,14,02,869 shares of Rs 10 each in a price band Rs 102-108 per equity share. Not more than 75% of the issue will be allocated to Qualified Institutional Buyers (QIBs), including 5% to the mutual funds. Further, not less than 15% of the issue will be available for the non-institutional bidders and the remaining 10% for the retail investors. The issue will open for...
NTPC Green Energy coming with IPO to raise upto Rs 10599 crore
NTPC Green Energy coming with IPO to raise upto Rs 10599 crore
Source: Accord Fintech
2024-11-18 02:27:53 pm
ADB praises India for cutting subsidies on fossil fuels to boost green energy  The Asian Development Bank (ADB) has praised India for adopting policies to cut subsidies on fossil fuels on petroleum products and levying a cess on coal to create fiscal space for increasing government support to renewable energy, electric vehicles and strengthening of electricity infrastructure.  "By carefully balancing the combined effect of three key policy levers - retail prices, tax rates, and subsidies on selected petroleum products - the country was able to reduce ...
ADB praises India for cutting subsidies on fossil fuels to boost green energy
ADB praises India for cutting subsidies on fossil fuels to boost green energy
Source: IANS
2024-11-03 12:07:52 pm
UK is racing ahead of world on green energy: Prashant Ruia Indian billionaire Prashant Ruia is building a new refinery on the banks of the Mersey that will run on hydrogen, making it the UK’s first emissions-free plant  From the roof of a building in the industrial heart of the North West, a landscape of fields and smoke-chugging chemical plants is spread out before us. The Welsh hills make up one horizon, the River Mersey and Cammell Laird shipyard another, as per a Sunday Times Business profile. It’s a glorious Cheshire day, ...
UK is racing ahead of world on green energy: Prashant Ruia
UK is racing ahead of world on green energy: Prashant Ruia
Source: IANS
2024-10-28 09:23:29 am
State finance ministers should consider reducing GST on flex-fuel vehicles to 12%: Nitin Gadkari Union Minister Nitin Gadkari has said that state finance ministers should consider reducing Goods and Services Tax (GST) on flex-fuel vehicles to 12 per cent in the GST Council meeting. He said there is a need to reduce imports of fossil fuels and encourage the use of biofuel. Flex-fuel-compatible cars can run on more than one type of fuel and also on a mixture. Typically, a blend of petrol and ethanol or methanol is used. The minister noted that at present, 28 per cent GST is levied on ve...
State finance ministers should consider reducing GST on flex-fuel vehicles to 12%: Nitin Gadkari
State finance ministers should consider reducing GST on flex-fuel vehicles to 12%: Nitin Gadkari
Source: Accord Fintech
2024-09-03 12:37:05 pm
Government assures green energy sector of support under PLI scheme Minister of State for New and Renewable Energy (MNRE), Shripad Yesso Naik on Thursday held discussions with industry representatives on the production-linked incentive (PLI) scheme and other incentives to promote Indian manufacturing in the renewable energy sector.   He assured renewable energy industry associations of full support from MNRE, emphasising the government's commitment to accelerating India's transition to a low-carbon economy. Secretary, MNRE, Bhupinder Singh ...
Government assures green energy sector of support under PLI scheme
Government assures green energy sector of support under PLI scheme
Source: IANS
2024-07-26 09:42:06 am
SECI plans 500 MW solar thermal capacity tender in 2024-25 in big push to green energy The Solar Energy Corporation of India (SECI) is likely to float a tender for 500 megawatt (MW) of solar thermal capacity by the end of 2024-25, company chairman R.P. Gupta said on Wednesday.    "This will be the first time in India that such a tender would be floated on this scale. The projects under the 500 MW tender will have advanced technology where steam would be generated through heat and it would also help in running turbines," the SECI chief said while addressin...
SECI plans 500 MW solar thermal capacity tender in 2024-25 in big push to green energy
SECI plans 500 MW solar thermal capacity tender in 2024-25 in big push to green energy
Source: IANS
2024-07-04 10:47:08 am
MECON Ltd seeks bids for use of green hydrogen in making steel As part of the government's move to replace fossil fuels with green hydrogen in steel manufacturing, MECON Limited has invited proposals from prospective bidders for use of Hydrogen in DRI Pilot Plant, in existing Blast Furnace and in existing DRI Vertical shaft.  The request for Proposal (RfP) document has been uploaded in e-tender mode in Tenderwizard, MECON website and in Central Procurement Portal for which the bid submission date is July 8, 2024. The Central public sector ...
MECON Ltd seeks bids for use of green hydrogen in making steel
MECON Ltd seeks bids for use of green hydrogen in making steel
Source: IANS
2024-06-14 09:04:55 am
NTPC aims to add 3 GW of renewable energy capacity Public sector power giant NTPC Ltd has set a target to add 5GW of installed capacity to meet the growing power demand in the country, the company said on Monday. NTPC aims to add 3GW of renewable energy (RE) capacity, reflecting its commitment to providing clean, reliable, and affordable energy solutions and another 2GW to its thermal energy capacity, strengthening India's energy infrastructure, according to a company statement. In FY24, NTPC successfully added 3,924 MW of new capac...
NTPC aims to add 3 GW of renewable energy capacity
NTPC aims to add 3 GW of renewable energy capacity
Source: IANS
2024-04-08 12:19:25 pm