APT Translations

The capital raise sees participation from major entities like Norfund, DFC, ADB, Tata Cleantech, and other financial institutions. This funding is part of SAEL's plan to invest ₹15,000 crore by FY 25, aiming to add 2-2.5 GW of renewable capacity annually towards a target of 10 GW over the next four years.

According to the statement, SAEL -- an Indian renewable energy company specialising in solar and waste-to-energy projects -- announced forging of partnerships and securing financial closure for capital totalling up to USD 1 billion at an event in New Delhi.

In New Delhi, he will speak on two panels at the India-US Forum focusing on shared energy priorities, and on opportunities and challenges around critical minerals for the global energy transition.

Gadkari said that despite comprising 65% of the population, these sectors contribute only 12% to the total GDP growth. In contrast, the manufacturing sector contributes 22-24%, while the service sector contributes 52-54%.

The conglomerate vehemently denied all allegations as it redrew its strategy that included trimming debt through prepayments and repayments of borrowings, paring the founder's share pledge and bringing in both promoter and marquee investor equity. The strategy seems to be paying off with share prices of some of the 10 listed companies recovering all of the Hindenburg losses.

A Karnataka delegation, which he led, engaged in over 50 meetings with global industry leaders in Davos. "Karnataka successfully signed eight MoUs worth Rs 23,000 crore with global companies.

Nepal Finance Minister Ram Sharan Mahat has said that Adani Group will invest in various public sectors in Nepal including airports and energy sector.

The collaboration leverages the strengths of both companies in manufacturing and servicing wind turbines specifically designed for AM Green’s requirements in India. These wind turbines will be instrumental in generating energy for the production of renewable green molecules.

In a 2024-2027 plan released on Tuesday, PPC, which has shut down most of its lignite-fired power plants in recent years, said it wants to increase renewable energy capacity to 8.9 gigawatt by 2026 from 4.6 gigawatt last year and invest in energy storage.

The spartan cabins and fuss-free service of low-cost carriers appeared half a century ago, a makeover that made flying affordable to the masses. Since Southwest Airlines Co. first took off from Dallas in 1971, dozens of budget peers including Ryanair Holdings Plc, AirAsia Bhd. and India’s IndiGo have emerged to take on more pricey legacy carriers.