MNRE okays more funds, higher target for PM-KUSUM solar scheme

Bidding for Rs 195-bn solar module PLI-2 within a week

The government is planning to invite bids within a week for the Rs 195-billion second tranche of the production-linked incentive (PLI) scheme for solar modules. Scheme guidelines for PLI-2 have already been published, said Renewable Energy Minister Indu Shekhar Chaturvedi.

“Our module capacities have more than doubled in the last seven and a half years. They are now 20 GW, but the same cannot be said about the cells, which is 4.5 GW,” Chaturedi said, speaking at an event on Aatmanirbhar Bharat organized by CII this week. But the situation would change, the minister suggested, co..

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 t..

Impending Solar Storm Threatens Earth

The global scientific community is abuzz with the news of an impending severe geomagnetic storm predicted to hit Earth late Friday night, on May 10. A series of solar flares and coronal mass ejections (CMEs) that began on May 8 are expected to trigger northern auroras and possibly disrupt satellite communications, electric power grid, and even trigger GPS problems.

Astronomers around the world pointed their telescopes at the sun on Friday, marveling at the abnormally large sunspots ever seen on the surface of the local star. The unusual solar activity gave rise to many theories and spe..