Adani Power (APL), a part of the diversified Adani Group, is the largest private thermal power producer in India. The company and its subsidiaries sell the electricity produced by these projects through a mix of merchant sales, short-term PPAs, and long-term PPAs. With a combined power output capacity of 15,250 MW, comprising 40 MW of …
In the realm of investing, there are two types of investors: Long-Term and Short-Term. Long-term investing occurs when investors hold their investments for more than a year, while investments kept for less than a year are considered short-term investments. Investing in long-term stocks is often considered one of the most reliable ways to build wealth …
Five Indian power companies are owed over $1 billion for electricity supplied to Bangladesh, according to industry insiders. Adani Power, which operates a 1.6 GW coal-fired plant in Jharkhand, is the largest creditor, with $800 million outstanding. SEIL Energy India, NTPC, PTC India, and Power Grid Corporation of India are also owed significant sums. Despite …
On August 27, 2024, Tata Consultancy Services (TCS), a global leader in IT services, consulting, and business solutions, announced the launch of a new TCS Pace Studio in Manila, Philippines. This advanced facility aims to collaborate with clients to create customised solutions, driving digital innovation across the Asia Pacific region. The studio, housed within TCS’ …
JSW Neo Energy Limited, a subsidiary of JSW Energy Limited, has secured a Letter of Award (LoA) from Maharashtra State Electricity Distribution Company Limited (MSEDCL) to develop a 200 MW wind-solar hybrid power project. This project is part of MSEDCL’s Phase III competitive bidding process. With the addition of this capacity, JSW Energy’s total locked-in …
Bajaj Auto, a dominant player in the CNG three-wheeler market with an 80% market share, is now setting its sights on a similar dominance in the electric three-wheeler segment. Having already captured 36% of this market, the company has outlined ambitious plans to increase its share to 80%. Rajiv Bajaj, Managing Director of Bajaj Auto, …
On August 26, 2024, Lemon Tree Hotels Limited announced the signing of its latest property, Lemon Tree Hotel, Civil Lines, Ayodhya, which is set to open in FY 2028. This new addition will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels. The hotel’s location in Ayodhya, a city renowned …
Bondada Engineering Limited has announced a significant achievement with the receipt of a Letter of Award (LoA) for a substantial solar power project. The award has been granted by three companies: Lumina Clean Energy Private Limited, Purelight Energy Private Limited, and VVKR Photovoltaics Energy Private Limited. These companies are special purpose vehicles (SPVs) established by …
Exicom Tele-Systems Limited has entered into a significant financial arrangement by signing a Loan Agreement with Axis Finance Limited, a Non-Banking Financial Company (NBFC) registered under the Reserve Bank of India Act, 1934. The agreement, signed on August 26, 2024, enables Exicom Tele-Systems to avail a secured loan facility of up to ₹125 crore. This …
HCL Technologies Limited (HCLTech) has announced an extension of its strategic AI-driven Engineering Services and Digital Process Operations (DPO) partnership with Xerox. HCLTech stated that it will help Xerox with its Reinvention strategy, which focuses on a comprehensive and structural redesign to position Xerox for sustainable and profitable long-term growth. As part of this extended …
