APT Translations

Rebellius, head of Siemens' Smart Infrastructure business, said India was a priority for future investments as it upgrades its electric grid and invests in renewable energy.

Out of the total 9.40 megawatt (MW), 5 MW capacity will be set by KPI Green Energy Ltd and the remaining 4.40 MW capacity by its wholly-owned subsidiary KPIG Energia Private Ltd.

The company launches a 1-MW electrolyser that uses 100 per cent local technology and components

The company recorded sales revenue growth of over 23 per cent in 2023 on increased order flow from all segments, including energy, solar, valves, and general industry, KSB Vice President of Sales and Marketing Prashant Kumar said.

Of the IPO proceeds, the company will use Rs 12.45 crore to meet working capital requirements and Rs 7.6 crore to invest in its subsidiary Invergy India Private Limited (IIPL), procure plant and machinery as well as for setting up a new facility.

Foreign direct investment of up to 100 per cent is permissible through the automatic route for setting up renewable energy projects, including solar energy projects in the country.

The LoA is for setting up 1,138 MW decentralised agricultural solar PV projects in Maharashtra. It will involve a greenfield investment of Rs 5,000 crore and span across 192 locations in 10 districts of the state, the group said.

IPO comprises a fresh issue of 32.76 lakh equity shares with a face value of Rs 10 each

Suzlon will supply the wind turbines and execute the project including, erection and commissioning

A combination of shifts in jet streams and changes to the sun's angle on the earth tend to increase wind speeds at turbine level during the spring months, and lead to higher levels of wind power generation than at other times of the year.