APT Translations

The QIP, which is AESL'Enterprises Limited (AEL) in July 2015, was launched post-market hours on 30 July 2024. The initial base deal size was set at Rs 5,861 crore (USD 700 million), with a green shoe option allowing for an increase to Rs 8,373 crore (USD 1 billion).

Union Environment Minister Bhupender Yadav on Monday said an expert panel, established in April 2022 under former Director General of Forests Sanjay Kumar, is working closely with the states to find a resolution.

"Over the years, the importance of renewable energy in India has only grown upwards. In a country of 1.4 billion people, we cannot secure our future if you do not adopt a model of sustainable development," the senior member from JD(S) asserted.

Clean energy company Sunkind Energy on Monday said it has secured new solar power projects totalling around 20 megawatts (MW). The contracts have been awarded by Nahar Group and Jindal Group, the company said in a statement.

"Over the years, the importance of renewable energy in India has only grown upwards. In a country of 1.4 billion people, we cannot secure our future if you do not adopt a model of sustainable development," the senior member from JD(S) asserted.

Rooftop solar (RTS) power generation capacity under the ambitious PM Surya Ghar Muft Bijli Yojana has now crossed the 100 MW mark in Maharashtra, an official has said.

Speaking at the 2nd Energy Summit of the Indo-American Chamber of Commerce, themed ‘Climate Change and Decarbonization of Indian Economy – Vision 2030’, Heimer highlighted the growing partnership and potential for increased collaboration in the renewable energy sector between the two nations. “In India, we see so many opportunities for collaboration in the energy segment. With that reason, we have established a strong presence in India,” he said.

Addressing the challenges of decarbonization in the context of India's developmental needs, Kumar emphasized the urgency of adopting green technologies despite high costs and strict intellectual property regimes.

In its financial summary released on August 2, 2024, SECI also noted an increase in total income, which reached ₹13,135.80 crore in FY24, rising from ₹10,864.43 crore last year.

"For example, the share of coal to our power basket is already 50 per cent. We are now adding capacity to our coal plants. Recently, 13.9 GW coal fixed power plant was installed...It means we are promoting coal on one side and Adani, sometimes I doubt whether Adani Group is dictating the power policy of our government," he said.