APT Translations

Shares of Indian Renewable Energy Development Agency Ltd (IREDA) on Thursday surged over 10 per cent on the bourses after the company said its board will consider a proposal to raise up to Rs 4,500 crore through issuance of shares. The stock of IREDA jumped 10.19 per cent to trade at Rs 263.30 apiece on the NSE.re

At least four state-run firms-THDC India, NHPC, India Infrastructure Finance, and Indian Renewable Energy Development Agency - which have not been frequent issuers, are set to tap the market with bond offerings ranging from 10 to 15 years, according to three merchant bankers.

This move aligns with the nation’s ambitious goal of installing 500 GW of renewable energy capacity by 2030. The new venture also marks BC Jindal Group’s diversification in its energy portfolio, which currently includes a 1,200 MW thermal power generation capacity in Angul, Odisha.

Atlas Renewables Energy and ArcelorMittal will form a joint venture to build a solar plant in Brazil's Minas Gerais state, they said on Wednesday, aiming to supply power to the steelmaker's operations in Southern and Southeastern Brazil.

Billionaire Gautam Adani plans to hire auditors from a top global firm and appoint a CEO for his family offices to improve transparency and disclosure. This move follows last year’s scrutiny by Hindenburg Research over the group’s opaque operations. Professionals will be hired to oversee shareholding and financial reporting, making the family office fully operational by April 2025.

ABB's PLC-based SCADA (supervisory control and data acquisition) system is an automation control solution, which helps gather and analyze real-time data to run the plant optimally and enable low maintenance. With this, operators are also able to easily monitor and analyze key parameters of the plant and get complete visibility of plant operations.

Wind generation in Germany is set to grow by only 1% in 2024, the slowest growth pace in 3 years, as low wind speeds alongside a slowdown in net generation capacity construction blunt the progress of the country's top source of electricity.

Activists want the interim government to make climate a priority as it works to restores democracy After mass protests ousted Bangladesh's long-time leader, environmental activists are calling on the interim government to place climate change on its agenda even as it faces the urgent task of restoring normalcy after weeks of tumult.

Piyush Goyal, India's Commerce and Industry Minister, highlighted potential to double India-Africa trade to USD 200 billion in seven years. Key collaboration areas Goyal mentioned include agriculture, pharmaceuticals, mining, and renewable energy. He urged increased participation in India's duty-free scheme and emphasized partnerships in IT, entertainment, and critical minerals, especially for the EV sector.

Gensol Engineering received a 16 megawatt rooftop solar project from a textile company in Madhya Pradesh, a repeat order under its commercial and industrial segment. The project, to be executed on an EPC basis, will be completed in six months and will feature high-efficiency bi-facial solar modules.