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Serentica Renewables secures Rs 100 bn contracts
Siemens Gamesa wind turbines to be purchased by ArcelorMittal
For its 166 MW project in Andhra Pradesh, the Indian unit of global steel giant ArcelorMittal signed a contract with Siemens Gamesa, a leading manufacturer of wind turbines. One of ArcelorMittal's steel facilities in India will utilise the clean electricity generated, giving the nation's attempts to decarbonise the industry a much-needed boost. The agreement to provide 46 SG 3.6-145 wind turbines to AM Green Energy Private Ltd (AMGEPL), a joint venture between ArcelorMittal S.A. and ArcelorMittal Nippon Steel India Ltd (AM/NS India), was inked, according to Siemens Gamesa.
Acco..
Siemens Gamesa to deliver turbines for Vena Energy wind project
Siemens Gamesa, the wind turbine manufacturer, secured an order from Vena Energy, a Singapore-based company to supply wind turbines for a wind project of 133 MW in Karnataka, India.
Under the terms of the agreement, for the wind project, Siemens Gamesa will deliver 37 of its 3. X platform turbines named SG 3.6-145. Installation works at the site will most likely begin next year, and the turbines will be manufactured at Siemens Gamesa’s sites in India. Siemens Gamesa and Vena Energy started their partnership with a 154 MW wind farm in 2015 which was located in the st..
Jindal Steel & Power's Q4 Profit After Tax Doubles to Rs 9.33 Bn
Jindal Steel & Power Limited (JSPL) has reported a remarkable achievement in its financial performance for the fourth quarter, with its profit after tax (PAT) doubling to Rs 9.33 billion. This significant growth underscores the company's robust operational performance and strategic initiatives, reflecting its resilience and adaptability in the competitive steel and power sectors.
The doubled PAT for the fourth quarter is a testament to JSPL's effective management strategies and operational efficiency. It signifies the successful execution of the company's growth plans and its ability to..
India's Peak Power Demand to Surge
India is bracing for a substantial increase in peak power demand this May, with the Power Ministry forecasting a daytime peak of 235 GW and an evening peak of 225 GW. This surge underscores the country's escalating energy needs amid rising temperatures and economic activities.
The anticipated peak demand is significantly higher than previous records, reflecting the growing consumption patterns driven by urbanisation, industrial activities, and increased usage of air conditioning. The Ministry's projections are based on data from the Central Electricity Authority (CEA), which monitors a..
