Advait Infratech Limited (AIL), headquartered in Ahmedabad, has signed MoU with TECO 2030, a company based in Norway, for the production of fuel cells in India. As per the agreement, AIL and TECO 2030 plan to form a joint venture (JV) in India, with AIL holding the majority stake....
It is not uncommon for a new oil and gas construction project to cost anywhere from $10 million for a basic rig to upwards of $500 million for FPSO projects. Megaprojects with a $25 billion price tag may spend hundreds of millions of dollars on spares alone. At such...
Gensol Engineering Limited has received significant order book worth Rs 17.83 billion.Gensol’s diverse order book showcases its involvement in multiple sectors, each contributing significantly to its overall portfolio. These include solar engineering, procurement, and construction business, and electronic vehicle leasing business contributing Rs 14.48 billion and Rs 3.35 billion,...
PetroGreen Energy Corporation (PGEC) has signed a PHP834 million loan agreement with Rizal Commercial Banking Corporation to fund one of its solar projects in Bohol, Philippines. The loan will facilitate the construction of the Dagohoy Solar Power Project (DSPP) in Dagohoy, which is scheduled for completion by Q4 2024.PGEC...
The center is spread across 25,000 sq feetTotal Assets Under Management – 10.25 Lakhs Sq feetPan India presence with 27 Centers across 10 cities in IndiaTo add more assets across India with more than 2 Million Sq Feet areaAhmedabad : DevX announced the launch of it’s new Coworking Space in...
JSW Energy Limited has concluded its qualified institutions placement (QIP), raising Rs 50 billion  through the sale of shares to institutional investors.Among the investors, Abu Dhabi Investment Authority (ADIA), Blackrock, GQC, Nomura, Wellington was notably involved. The funds will be instrumental in advancing its growth initiatives, strengthening its financial...
SJVN Limited has signed a memorandum of understanding (MoU) with the Indian Institute of Technology Patna (IIT Patna) to use advanced geological models in SJVN’s tunnelling projects, thus significantly reducing time and cost overruns.The development of predictive analytics algorithms will be one of the key outcome. These algorithms, leveraging integrated geotechnical data,...
Kolkata : Vikram Solar Ltd is thrilled to announce a strategic addition to its leadership team, Mr. Narayan Lodha who steps into the role of Chief Financial Officer.Mr Lodha’s appointment is a testament to our strategic vision for scaling operations and pioneering state-of-the-art solutions in both established and emerging markets,...
The Japan Bank for International Cooperation (JBIC) has signed a memorandum of understanding (MoU) with three Philippines-based companies to develop clean and green projects.The three companies comprise Aboitiz Power Corporation, San Miguel Corporation and Metro Pacific Investment Corporation. The move is in line with the Asia Zero Emission Community...
GURUGRAM, India - Azure Power Global Limited announced that the Company's US Securities and Exchange Commission ("SEC") reporting obligations under Section 15(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act), were suspended on April 1, 2024.As previously reported, on October 31, 2023, the NYSE filed a Form 25...