RIL, Adani Group, and NTPC bids for SKS Power
RIL, Adani Group, and NTPC bids for SKS Power
POWER & RENEWABLE ENERGY

RIL, Adani Group, and NTPC bids for SKS Power

The lenders of SKS Power Generation have received bids for a takeover in exchange for payment of Rs 18.90 billion it owes to the Bank of Baroda and the State Bank of India (SBI). Among the bidders are Relia...

The lenders of SKS Power Generation have received bids for a takeover in exchange for payment of Rs 18.90 billion it owes to the Bank of Baroda and the State Bank of India (SBI). Among the bidders are Reliance Industries, the Adani Group, NTPC, Torrent Power, Jindal Power, Sarda Energy & Minerals and Singapore-based Vantage Point Asset Management. Currently, two of SKS Power's plants are being operated by NTPC for a fee. Contact: SKS Power Generation E-mail: raigarhworks@spgcl.com Website: spgcl.com

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Infrastructure Urban

Global Rare Earth Supply Chains Diversify Away from China

In response to the rising global demand for rare earths critical for producing everything from electric vehicles to wind turbines, supply chains are undergoing a significant realignment away from China. Historically dominant in rare earth production, China's recent policies and geopolitical tensions have prompted Western nations and other stakeholders to seek alternative sources and bolster local capabilities. Rare earth processing involves two essential stages: initial extraction and subsequent refining into individual oxide compounds used to manufacture magnets essential in various industri..

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Infrastructure Urban

Coal India, US Firm to Explore Argentine Lithium

State-run Coal India Ltd is collaborating with a US company to explore lithium blocks in Argentina, a critical step in securing supplies of the essential battery material, according to an Indian source with direct knowledge of the matter. This initiative is part of India's participation in the US-led Minerals Security Partnership (MSP), which New Delhi joined last year to ensure a steady supply of minerals necessary to meet its zero-carbon objectives. As part of the MSP, India was invited to engage in 20-25 critical minerals projects, with four already identified by the Indian government. Indi..

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Infrastructure Energy

India's Coal Consumption Set to Surge Amid Hydroelectricity Shortfall

Amid a significant drop in hydroelectricity production caused by inadequate rainfall, India is gearing up to increase its coal consumption to satisfy rising power demands, according to S&P Global Commodity Insights. This shortfall in hydroelectric power is anticipated to perpetuate India's reliance on coal imports. During the fiscal year 2023-24, India's coal production approached the 1 billion metric ton milestone, reflecting the government's strategy to lessen dependency on imported coal. Nonetheless, the country has already imported approximately 85 million metric tons of thermal coal in 20..

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