Electrical & Power Industry News: Power/Electricity Distribution

Siemens Q3 results | Net profit rises 27% to Rs 578 Cr Siemens Ltd on Friday (August 9) reported an increase of 25% in Profit after Tax at Rs. 531 crore, for the third quarter that ended June 30, 2024. The technology firm registered Revenue at Rs. 4,714 crore, an increase of 7% over the same quarter in the previous year. The Company’s New Orders stood at Rs. 6,245 crore,...

FAST India & IIFL Securities Releases State of Industry R&D for Energy sector Foundation for Advancing Science and Technology (FAST India) released its sectoral brief on the Energy sector for its series on the State of Industrial research and development (R&D) in India in collaboration with IIFL Securities. The latest brief presents an in-depth analysis of R&D trends, innovation outputs, and comparative performance metrics of major Indian chemical sector firms...

REnergy Dynamics Strengthens Leadership with Expert Advisory Board REnergy Dynamics (RED), a leading force in the renewable energy sector with a particular focus on bioenergy, has announced the formation of a new Advisory Board to drive its growth and strategic vision. The company has brought together prominent figures from the energy, finance, and environmental sectors to guide its mission towards a sustainable future. At the helm of the Advisory Board is...

Sterlite Power bags Rs. 1,500 Cr new orders in Q1 of FY 25 Sterlite Power has bagged orders worth Rs. 1,500 crores across its Global Products and Services (GPS) business that caters to high performance, green products and specialized Engineering, Procurement and Construction (EPC) services. “The new set of orders, won across the domestic and international market in Q1 FY25, builds on the total order book of over Rs 6,560...

ABB India sets up smart center for electrician training in Faridabad, Haryana ABB India today announced the establishment of a smart center for electrician training in Faridabad, Haryana. This initiative was launched in partnership with the Electronics Sector Skills Council of India (ESSCI) in the presence of Sujeet Gusain, Location Industrial Relation Manager, Faridabad, ABB India; Saroj Apato, Vice-President, ESSCI; Rajeev Singh, AGM and Dr. Abhilasha Gaur, CEO, ESSCI, along...

Bosch Building Technologies launches ‘Made in India’ FLEXIDOME cameras The new assembly line at Naganathapura in Bengaluru strengthens Bosch India’s commitment to localization and customer centricity Bosch Building Technologies, a supplier of innovative safety and security solutions, launches its India assembly line for video systems and solutions with FLEXIDOME IP Starlight 5000i cameras. This strategic initiative reaffirms Bosch India’s continued focus on localization, cementing its presence across product verticals. “The assembly line...

Schneider Electric collaborates with Water Resources Department, Maharashtra Schneider Electric announced its collaboration with Water Resources Department, Maharashtra to sensitize officials on modernizing water and wastewater (WWW) management using the latest digital technologies. “With this strategic partnership with the Government of Maharashtra, Schneider Electric has reaffirmed its commitment to championing responsible water management,” the company said issuing a statement. As part of this collaboration, the company aims to drive awareness among...

Unlocking the Potential of Smart Meters in India At the 4th Edition of the Smart Meter Summit 2024, organized by AAYERA in New Delhi, industry experts discussed various aspects of smart meter deployment utilizing advanced technologies. In today’s evolving energy sector, smart metering is emerging as a game-changer in optimizing electricity management. Smart electrical meters provide real-time data that allows utilities to better monitor, manage, and respond to electricity usage patterns. This...

Gruner Renewable Energy Secures $60 Million to Expand Compressed BioGas Projects Gruner Renewable Energy, a prominent player in India's sustainable biogas sector, has announced that it has secured US$ 60 million in funding. This substantial investment is set to accelerate the company's expansion of Compressed BioGas (CBG) plants nationwide, aligning with India's push towards energy independence and sustainability. Utkarsh Gupta, Founder & CEO of Gruner Renewable Energy, highlighted the critical role...

How Maharashtra Will Power Data Centres? Data centers consume about 3% of the world's electricity, and this substantial energy consumption is expected to increase as more data is stored and processed, leading to the establishment of more data centers. Notably, Mumbai is home to nearly half of all data centers in India. In 2023, Mumbai emerged as the third-largest data center market in the Asia-Pacific region, with a total capacity of...

Tata Power Solar and BOI Forge Alliance for Green Financing Tata Power Solar Systems Limited (TPSSL), a leading name in India's renewable energy sector and a wholly-owned subsidiary of Tata Power Renewable Energy Limited (TPREL), has announced a strategic partnership with the Bank of India (BOI). This collaboration aims to streamline financing options for rooftop solar installations and electric vehicle (EV) charging stations, marking a significant milestone in India's journey...

Union Budget 2024 | Reaction from Niranjan Nayak, MD, Delta Electronics India The Union Budget 2024-25 presents a compelling vision for a thriving 'Viksit Bharat.' We at Delta are particularly encouraged by the government's comprehensive approach that prioritizes skilling, infrastructure development, and digital transformation. The focus on creating a skilled workforce through internship programs aligns perfectly with our own commitment to nurturing talent and driving innovation. We also applaud the budget's...

Union Budget 2024 | Reaction from Manikkan S, Executive Director & CEO, Radiance Renewables The recent budget announcements by the Finance Minister reflect a strong and consistent commitment to renewable energy, building upon the foundation laid by the Modi 2.0 government. The launch of the PM Surya Ghar Muft Bijli Yojana is a significant step towards reducing our dependence on fossil fuels and aligning with global climate goals. This initiative,...

Union Budget 2024 | Reaction from Devndra Chawla, MD & CEO, GreenCell Mobility We appreciate the significant steps taken towards infrastructure development and sustainable transportation by the  Finance Minister in the first union budget under the Modi 3.0 government. GreenCell Mobility remains committed to contributing to India's sustainable development goals by promoting green mobility solutions and supporting the government's efforts toward a greener and more connected future. The proposal of industrial...

Union Budget 2024 | Reaction from Meenu Singhal, Regional MD, Socomec Innovative Power Solutions The budget announcement marks a pivotal moment for India, focusing on nine priorities, including Productivity and Resilience in Agriculture, Employment & Skilling, Human Resource Development and Social Justice, Manufacturing & Services, Urban Development, Energy Security, Infrastructure, Innovation, Research & Development, and Next Generation Reforms. These initiatives are set to generate ample opportunities for all sectors. This budget...