Outbreak of the COVID-19 pandemic in the Indian sub-continent which forced the government to announce a nationwide lockdown, 25th March 2020 onwards affected the domestic cement production during FY20
JSW Cement is at present aiming to grow its cement manufacturing capacity to 25 MTPA by 2023. Its current capacity is 14 MTPA. One of the key enablers of its targeted 25 MTPA capacity growth are various projects being undertaken at its subsidiary, Shiva Cement, in Odisha. Upon achieving this capacity target, JSW Cement will rank among top 5 cement companies in India
Tata Power and the Rockefeller Foundation recently announced the launch of a major new initiative to set up microgrids, which will address one of the most pervasive challenges in modern India: the lack of access to affordable, reliable electricity for millions of rural homes and enterprises.
Reportedly, the Ministry of New and Renewable Energy (MNRE) has instructed NTPC and Solar Energy Corporation of India (SECI) to release performance bank guarantees (PBGs) for all the commissioned wind and solar power projects. The PBGs can be released in the span of 45 days from the commercial operation date (COD), on the condition that all required submission of necessary documents is fulfilled.