Adani, BHEL, JSW, L&T Among Top Bidders for Green Hydrogen Electrolyzer

Norges Bank excludes Adani Ports from government pension fund

Norway's central bank's executive board has decided to exclude three companies from its government pension fund due to ethical concerns. Norges Bank, which manages the sovereign wealth fund, announced that India's Adani Ports and Special Economic Zone, U.S. defence contractor L3Harris Technologies, and China's Weichai Power will be excluded from its investment portfolio.

Adani Ports has been excluded because of an "unacceptable risk that the company contributes to serious violations of individuals' rights in situations of war or conflict." This company, part of billionaire Gautam Adani'..

Raw Material Supply to RINL from Gangavaram Port Resumes

After a hiatus of over a month, the supply of raw materials from Adani Gangavaram Port to Rashtriya Ispat Nigam Limited (RINL) has resumed. The disruption, caused by worker agitation at the port, had severely impacted RINL?s operations, which rely heavily on coking coal to manufacture steel.

RINL, based in Andhra Pradesh and one of India's top steel producers, faced significant operational challenges due to the lack of this critical raw material. The company had sought intervention from the Andhra Pradesh government to resolve the issue and ensure the resumption of coal supplies. The p..

Ahmedabad Airport Expansion Advances

Ahmedabad?s Sardar Vallabhbhai Patel International Airport (SVPI) is undergoing a significant expansion to meet the growing passenger demand. Managed by the Adani Group, the airport plans to enhance its capacity from 8 million to 20 million passengers annually by 2025-26. This ambitious project includes the construction of a new integrated terminal and upgrades to the existing facilities.

In the current financial year, SVPI is projected to handle around 12 million passengers, highlighting the urgent need for expansion. The planned upgrades aim to address this surge, ensuring the infras..

Vikram Solar Wins 397.7 MW Module Supply Contract for NTPC's Gujarat Solar Project

Vikram Solar has been awarded a significant contract to supply 397.7 megawatts (MW) of solar modules for an upcoming project by NTPC in Gujarat. This agreement underscores Vikram Solar's pivotal role in supporting India's renewable energy ambitions, particularly in expanding solar power generation capacity.

The project, spearheaded by NTPC, one of India's largest power generation companies, aims to enhance Gujarat's renewable energy infrastructure. It aligns with India's national goals of achieving substantial renewable energy penetration and reducing carbon emissions.

Vikram Sol..

TCC seeks bids from developers for a 22 MW renewable energy project

Travancore Cochin Chemicals (TCC) is seeking bids from developers for a 22 MW renewable energy project to be implemented under a group captive model. The deadline for bid submissions is June 19, 2024.

Interested bidders are required to pay a tender fee of Rs 1,000 and an earnest money deposit (EMD) of Rs 500,000. The successful bidder will need to furnish a security deposit equivalent to 10% of the annual energy bill value to ensure contract performance, with the EMD being adjusted against this deposit.

The contract duration will span 20 years from the delivery date. Power can be..