L&T Secures Order for Dubai Solar Plant
Larsen and Toubro (L&T), India’s leading engineering and construction company, has announced that its renewable engineering, procurement, and construction (EPC) arm has been chosen as the turnkey contractor to establish a 1800MWac solar photovoltaic plant in Dubai, the United Arab Emirates . Project details The project is the sixth phase of the Mohammed bin Rashid […]
HC Approves GST ‘Anti-Profiteering’ Clause
The Delhi High Court has upheld the constitutional validity of the anti-profiteering clause in the GST law, which requires companies to pass on the benefit of lower taxes and input tax credit to consumers. The ruling will affect over 100 companies that had challenged the provision and the orders of the National Anti-Profiteering Authority (NAA). […]
GAIL and Adnoc Sign Gas Agreement
GAIL (India) Ltd, the country’s largest gas company, has signed a long-term LNG purchase agreement with Abu Dhabi National Oil Company (ADNOC) Gas for around 0.5 million tonnes per annum (MMTPA) of liquefied natural gas (LNG), the Indian firm said in a statement on January 29, 2024. This is the second long-term LNG deal that […]
responsAbility’s $25M Investment in BluSmart’s EV Expansion
responsAbility, a Switzerland-headquartered impact fund, has announced that it will invest up to USD 25 million on behalf of its investors in BluSmart, India’s leading EV ride-hailing service and EV charging infrastructure network. This investment is part of responsAbility’s broader USD 500 million climate investment strategy aimed at actively reducing CO2 emissions in Asia. BluSmart, […]
Airbus-Tata Helicopter Deal Sealed in Macron’s Visit
Airbus and Tata Group have signed a pact to set up India’s first helicopter final assembly line (FAL) in the private sector for the H125 civil helicopter. The deal was announced during the two-day visit of French President Emmanuel Macron to India as Chief Guest at the Republic Day celebrations on January 26. Details of […]
Vaan’s E-biking Vision: Changing India’s Travel
Vaan Electric Moto is an Indian lifestyle e-mobility startup that aims to revolutionize transportation with e-bikes. Founded in 2019 by Jithu Sukumaran Nair, a marine engineer and shipbuilder, Vaan has partnered with Benelli Biciclette, Keeway Group, to offer a range of e-bikes, e-scooters, e-mopeds, e-boats and apparel. Vaan launched its brand globally at the EICMA […]
Adani Green Energy Secures $750M Bond Funding
Adani Green Energy Limited (AGEL) has successfully completed the funding of reserves for its $750 million Holdco Bond, which is due to mature in September 2024. The funding sources include a joint venture with TotalEnergies, a preferential allotment to the promoters, and the company’s financial reserves. This move demonstrates the company’s commitment to achieving its […]
IREDA Launches Vigilance Journal ‘Pahal
The Indian Renewable Energy Development Agency (IREDA), a government enterprise under the Ministry of New and Renewable Energy (MNRE), has launched its vigilance journal ‘Pahal’ on January 25, 2024. The journal aims to provide insights into the vigilance-related matters of the organization and foster awareness and transparency among its stakeholders. The journal was unveiled by […]
India-France Sign Defence Space Agreement
India and France have signed a landmark agreement to jointly develop and launch military satellites with both offensive and defensive capabilities. The agreement was one of the key outcomes of French President Emmanuel Macron’s visit to India as the chief guest for the 75th Republic Day celebrations. Defence Industrial Roadmap Apart from the defence space […]
Adani’s Data Collection for Mumbai Slum Revamp
The Dharavi slum in Mumbai, spanning 640 acres and housing up to 1 million residents, is one of the most densely populated areas in the world. For decades, the slum has been a challenge for urban planners and authorities, who have struggled to provide adequate infrastructure, sanitation, and housing for its inhabitants. Now, the Adani […]