Author: Sneha Verma

Govt May Lower GST Rate for EVs to 5%

Government of India may slash down GST levied on the sale of electric vehicles in the upcoming 35th GST council on June 20. India may cut the goods and services tax (GST) on electric vehicles to 5% from 12% to provide a stimulus to the sector that’s a high priority for the current government. The […]

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Subhash Chandra’s Essel Group in Talks To Sell Solar Assets

Essel Group is in talks to sell its solar energy portfolio and US-based luxury wellness destination YO1 Centre This forms the latest efforts that the Subhash Chandra-led conglomerate is undertaking to raise money to reduce debt. According to media reports, Essel Infraprojects, is in an advanced stage of talks with the Adani Group’s renewable energy […]

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Adani Green Energy Raises Rs 402 crore Through Offer For Sale

Adani Green Energy has offloaded roughly 6% stake and raises Rs 402 cr capital through OFS Adani Green Energy on Friday said that it has raised around Rs 402 crore through sale of 9.35 crore shares by promoters for maintaining minimum public shareholding norms. Under the norms, at least 25 percent of the equity should […]

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Bihar CM: Install Solar Panels on Government Buildings

In a bid to promote renewable sources of energy, chief minister Nitish Kumar on June 12, 2019 issued a directive for the installation of solar plates on all government buildings and offices in the state from this year. Chairing a meeting to review presentations on various schemes of the energy department, the CM said there […]

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BSE India INX Launches Dedicated Green Bonds Trading Platform

BSE-owned India International Exchange on June 12, 2019 said it has launched an exclusive platform for trading in green bonds. The platform — GSM (Global Securities Market) Green — has gone live on Wednesday, India International Exchange (India INX) said in a statement. “On Wednesday, BSE’s international arm, India International Exchange, unveiled its exclusive green […]

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R K Singh Seeks Removal of Priority Sector Lending Limit for RE Sector

Indian Power and new renewable energy minister R K Singh yesterday pitched for removal of priority sector lending limit for green energy projects. In the meeting, it was decided that MNRE would follow up with RBI for removal of the priority sector lending limit for RE sector. This will encourage the Public Sector Banks to […]

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Govt Planning To Open 50-GW Battery Manufacturing Tenders

Two months after the cabinet okayed the National Mission on Transformative Mobility and Battery Storage, the govt is in the process to open tenders to set up 50-GW battery manufacturing base in India The government is planning to issue tenders inviting companies to set up 50-GW battery manufacturing base in India soon. This will form […]

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BHEL Wins Rs 530 crore Orders to Set up Solar Projects

Bharat Heavy Electricals Limited (BHEL), the country’s largest power equipment manufacturer, today announced it has won three orders worth Rs 530 crore for setting up Solar Photovoltaic power plants on Engineering, Procurement and Construction (EPC) basis in Maharashtra and Gujarat. The orders are for a total of 135 Megawatt (MW) capacity have been placed by […]

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CPWD To Install ‘Solar Trees’ in Central Govt Residential Complexes

The Central Public Works Department (CPWD) has directed its officials to explore the possibility of installing “solar trees” in residential complexes of government employees. The move intends to promote renewable energy and reduce carbon footprint by the CPWD, the prime construction agency of the central government. According to an official, the concept of “solar trees” […]

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