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Siemens AG to acquire 18% stake in Siemens India for €2.1 Bn Siemens intends to enter into a share purchase agreement with Siemens Energy to acquire an 18% stake in Siemens Ltd. India from Siemens Energy for a purchase price of 2.1 billion euro in cash. This would increase Siemens’ stake in the publicly listed Siemens Ltd. India from 51% to 69%, while Siemens Energy’s stake would decrease from 24%...

India has 637 GW of Residential Rooftop Solar Energy Potential: CEEW Report Just one-third of this potential could support the entire electricity demand of the Indian residential sector Over 25 crore households across India have the potential to deploy 637 GW of solar energy capacity on rooftops, according to a new independent report released by the Council on Energy, Environment and Water (CEEW). Further, the CEEW report found that deploying just...

Schneider Electric bags Asian Technology Excellence Award for mySchneider Electrician App Schneider Electric announces the innovative “mySchneider Electrician App”, has won at the esteemed “Asian Technology Excellence Awards 2023” in the Mobile – Electronics category. The mySchneider Electrician App was created as a platform for the Electrician community in India and goes beyond just rewards and loyalty programs. With the App, Electricians can receive timely support for product availability, deals and...

Norway is Partner Country at HANNOVER MESSE 2024 Norway is Partner Country at HANNOVER MESSE 2024: Jan Christian Vestre, Minister of Trade and Industry, Norway, and Dr. Jochen Köckler, Chairman of the Managing Board, Deutsche Messe AG, made the official announcement at the signing of the Memorandum of Understanding in Berlin. The designation of Norway as Partner Country spotlights an ambitious country dedicated to deliver and develop new solutions for...

Tata Power Q2 net profit up 9% YoY at Rs 1,017 Cr Tata Power today announced its financial results for the quarter ending September 30, 2023, registering its 16th consecutive Profit after Tax (PAT) growth. The company announced consolidated PAT during Q2 FY24 grew by 9% to Rs. 1,017 crore (YoY). Revenue too rose by 9% to Rs. 15,442 crore (YoY) largely driven by higher revenue from core businesses of...

Construction Equipment Industry Aims for 15%+ Yearly Growth in the Next 5 Years The Confederation of Indian Industry (CII) hosted a city-based roadshow in Mumbai to announce EXCON 2023. The event saw participation from industry leaders, government representatives, and stakeholders from the infrastructure and construction equipment sector. EXCON, South Asia's largest construction equipment exhibition, organized by CII, will take place from December 12 to 16, 2023, at the Bangalore International Exhibition...

FEMWORX – new career congress for women in industry HANNOVER MESSE 2024 sees Deutsche Messe staging the first edition of a two-day career congress for women on 25 and 26 April, carrying on the tradition of the successful WomenPower series but with a new name: FEMWORX stands for career advancement for women in industry. The FEMWORX career congress promises to become one of the most successful networking and discussion events for...

EESL to distribute 1 cr BLDC fans, 20 lakh induction cookstoves Power Minister R.K. Singh unveils EESL’s National Efficient Cooking Programme & Energy Efficient Fans Programme Energy Efficiency Services Limited (EESL), a joint venture of Public Sector Undertakings under Ministry of Power, launched its groundbreaking National Efficient Cooking Programme (NECP) and Energy Efficient Fans Programme (EEFP), unveiled by Union Minister for Power, New & Renewable Energy R.K. Singh. As part of...

Radiance Renewables bags $90 Mn Green Loan for solar power project in Maharashtra EverSource Capital-backed Radiance Renewables Pvt. Ltd. secured a Green Loan Project Finance Facility for its 150 MW (AC) greenfield C&I solar power project located in Maharashtra. The company has an operating capacity of nearly 500 MWp, with a target to increase its capacity to 2 GWp in the next three years. Radiance Renewables secured the Green Loan Project...

Faster energy transition will happen in the wake of global market uncertainty: Hardeep Singh Puri “India is at the centre of global energy scenario, not only because the country has the potential for economic growth and consumer demand but also our leadership is aligned with new alternatives for energy transition. We need new alliances, institutions, and partnerships to ensure seamless, clean energy transition,” said Union Minister for Petroleum & Natural...

Panasonic forays in to B2C solar segment with the launch of Residential Solar Kits Panasonic Life Solutions India, a leading manufacturer of electrical construction materials (ECM) in the country, and with a strong base in the B2B solar energy segment, steps into the renewable’s consumer market with, the launch of its new residential solar kits in the cities of Pune and Nashik. Speaking on the launch, Yoshiyuki Kato, Managing Director at...

Waaree Energies wins 200 MW module supply mandate from ENGIE India Waaree Energies, one of India’s leading PV solar module manufacturers, today announced that it has received a mandate from ENGIE India for supply of 200 MW of solar modules for a solar power project in Sayla village in the Surendra Nagar district of Gujarat. ENGIE India is a subsidiary of the French-based ENGIE Group, a global player in low-carbon energy...

Research & Innovation Summit for the first time at HANNOVER MESSE The next Research and Innovation Summit will take place on 22 April 2024 within the framework of HANNOVER MESSE 2024. Representatives from business and science as well as from politics and civil society will discuss the topic of innovations in Europe: catalysts, competencies and cooperation, based on the example of AI. What is the best way for Germany and Europe...

FASTNEX India 2024: Pioneering Fastener Innovations and Fostering Industry Growth Get ready to embark on a journey into the heart of fastener excellence at FASTNEX, the forefront platform that converges innovation, expertise, and industry advancement in the fastener industry. As the premier event dedicated to the fastener, screw, nut, and bolt sectors, FASTNEX is poised to redefine the industry landscape. This inaugural event being held at BIEC, Bengaluru between 19...

CII EXCON Boosts India's Path to 2nd Largest CE Market Globally by 2030 The Confederation of Indian Industry (CII) arranged a roadshow in New Delhi today to unveil EXCON 2023, South Asia's largest construction equipment exhibition. The event was graced by industry leaders, senior government officials, and stakeholders from the infrastructure and construction equipment sector. Scheduled from 12 - 16 December 2023 at the Bangalore International Exhibition Centre, Bengaluru, EXCON aims...