India’s power demand to rise 6 per cent in FY22
POWER & RENEWABLE ENERGY

India’s power demand to rise 6 per cent in FY22

Demand for electricity in India is expected to increase by 6 per cent in 2021-22 compared to the previous fiscal year, according to ICRA. The rating agency has also forecasted a 17-18 GW increase in power generation capacity for the current fiscal. Additionally, ICRA expects all-India power gen...

Demand for electricity in India is expected to increase by 6 per cent in 2021-22 compared to the previous fiscal year, according to ICRA. The rating agency has also forecasted a 17-18 GW increase in power generation capacity for the current fiscal. Additionally, ICRA expects all-India power generation capacity additions to rebound to 17-18 GW this year, up 45 per cent YoY from 12.8 GW in 2020-21, with the renewable energy segment leading the way with a strong pipeline of 38 GW projects under development. Over the next five years, the renewable energy segment will continue to be the primary driver of capacity addition, accounting for more than 60 per cent of total capacity addition.

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Infrastructure Energy

South West Pinnacle Wins Rs 30 Cr Oman Mining Contract

South West Pinnacle Exploration Ltd has secured a Rs 30 crore contract from Minerals Development Oman (MDO) for mining exploration in concession areas 12B and 13.The two-year project will be carried out via Alara Resources LLC, a JV in Oman. MDO, backed by Oman’s investment authorities, focuses on monetising mineral wealth.The contract covers copper, gold, and chromite and highlights South West Pinnacle’s growing footprint in international exploration and mining services. ..

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Equipment

Godrej GEG Boosts Intralogistics with AI and Green Tech

Godrej Enterprises Group (GEG) is revolutionising warehouse and factory logistics through its Material Handling Equipment and Storage Solutions arms by integrating AI, IoT, and automation.With 20–25% market share and 85% local sourcing, GEG champions Atmanirbhar Bharat and sustainability. The Chennai plant, a green manufacturing leader, uses RoHS-compliant materials and has slashed energy consumption by 60%.GEG serves e-commerce, FMCG, retail, and cold chains with high-performance racking and electric forklifts. Upcoming IoT-enabled forklifts and telematics solutions aim to improve speed, sa..

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Infrastructure Urban

Amit Shah Inaugurates Key Projects Across Gujarat

Union Home Minister Amit Shah inaugurated and laid the foundation stone for various projects in Gujarat’s Panchmahal district and Ahmedabad.In Godhra, he inaugurated the Center of Excellence building, sports complex, reservoir, and Miyawaki plantation. In Ahmedabad, he unveiled a new cooperative complex in Adaroda village and a primary school in Juwal.These projects, under the Model Co-op Village scheme, aim to boost education, sustainability, and rural development across the state. ..

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