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Heavy Industries Ministry to Launch 20 GW Battery Energy Storage Tender
EVs and green hydrogen to drive India's net-zero goal by 2070
Eminent scientists and thought leaders have asserted that the acceleration in the adoption of electric vehicles (EVs), the National Hydrogen Mission, and similar endeavours would drive India's progress towards achieving a net-zero target by 2070.
During an event organized by the Technology Development Board (TDB), under the Department of Science and Technology (DST), it was highlighted by Professor Ajay Kumar Sood, Principal Scientific Advisor to the government, that the promotion of EVs through initiatives like the National Electric Mobility Mission Plan (NEMMP) and Faster Adoption an..
Govt appoints Parameswaran Iyer as new CEO of NITI Aayog
The government has designated Parameswaran Iyer as the next Chief Executive Officer (CEO) of the NITI Aayog to succeed Amitabh Kant, whose tenure ends on June 30.
Iyer has been designated for two years or until further orders, whichever is earlier, on the same periods and conditions as were applicable in respect of Shri Amitabh Kant, the Appointments Committee of the Cabinet said in a notification on Friday. An IAS officer of the Uttar Pradesh cadre, Parameswaran Iyer, had led the government's Swachh Bharat Mission between 2016 and 2020. Before joining the Ministry of..
Thirteen states in India approve dedicated electric vehicle policies
The Parliament was informed on Monday that thirteen states, including Delhi, Karnataka and Andhra Pradesh, backed the dedicated policies to promote the electric vehicle (EVs) adoption.
Krishan Pal Gurjar, Minister of State for Heavy Industries, in a written response to Rajya Sabha, said that according to information gathered from the Automotive Research Association of India (ARAI), the battery is an essential part of the electric vehicles, and it is calculated that the battery cost is around 30-40% of the vehicle cost.
Gurjar told the media that the 13 states, which are ..
Adani Energy Acquires Essar's Transmission Assets
Adani Energy has finalised the acquisition of Essar's Mahan and Sipat transmission assets for a sum of Rs 1900 crore. This significant move underscores Adani's strategic expansion within the energy sector and consolidates its position as a key player in India's power transmission domain.
The acquisition of Essar's transmission assets represents a strategic investment for Adani Energy, enabling the company to augment its infrastructure and bolster its transmission network. With the addition of these assets, Adani strengthens its operational footprint, enhancing its capacity to deliver r..
IEX Q4 Net Profit Grows 9.5%
The Indian Energy Exchange (IEX) has reported a significant uptick in its net profit for the fourth quarter, marking a notable growth of 9.5%. This financial performance underscores the resilience and strength of the company's business model in navigating through dynamic market conditions within the energy sector.
The impressive growth in net profit reflects IEX's robust operational performance and effective strategic initiatives aimed at enhancing efficiency and driving sustainable value creation. As a leading power trading platform in India, IEX plays a pivotal role in facilitating t..
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