Electrical & Power Industry News: Power/Electricity Distribution

AIREA conducts Renewable Energy Festival in Goa Renewable Energy Festival of the All India Renewable Energy Association (AIREA) concluded in Goa on 29 Jul. The event jointly organized the first foundation day of the AIREA, the anniversary of the National Portal for Rooftop Solar and the anniversary of the Renewable Energy Festival. Speaking on the occasion, Goa Chief Minister Pramod Sawant said, “The way Prime Minister Narendra Modi implemented Har Ghar...

APAR Industries posts highest ever Q1 revenue, PAT growing 61% APAR Industries Limited announced its consolidated results for the quarter ended June 30 and reported a record 22 per cent increase in revenue from operations to Rs 3,773 crore in Q1 FY24 over Q1 FY23. The company witnessed a jump in EBITDA of 54 per cent YoY, reaching Rs 369 crore during Q1 FY24 whereas consolidated net profit saw 61...

ReNew signs MoUs for Rs. 64,000 Cr for green energy projects ReNew Energy Global Plc announced on Friday that it has signed Memorandums of Understanding (MoUs) worth Rs. 64,000 Cr with Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) for its green energy projects. According to the MoUs signed with the lenders at the Clean Energy Ministerial meeting in Goa, ReNew will receive Rs. 32,000 billion (~US $3.9bn) each from...

Digital Substation: Opportunities and Challenges | Digital Dialogue Digital substations in India are poised to play a significant role in achieving the country's energy goals and modernizing the power infrastructure. They offer advanced monitoring, control, and automation capabilities that enable efficient grid management, improved reliability, and seamless integration of renewable energy sources. As digital substations continue to grow, India's power sector is expected to benefit substantially. WATCH this mojo4industry Digital Dialogue...

Havells Family Foundation supports Ashoka Students’ International Dreams Ashoka University has partnered with Havells Family Foundation to institute the Havells Family Scholarship. It is designed to support talented Ashoka students who wish to pursue a fully funded master's degree at the esteemed School of Business at Wake Forest University, United States. Furthermore, it includes a stipend to cover living expenses, books, other fees throughout the duration of the programme, and...

Goldi Solar launches VAMA On-Grid Smart String Inverters Goldi Solar announced the launch of its VAMA On-grid range of smart string inverters. The inverter range is available in single-phase and three-phase variants designed specifically for on-grid applications. VAMA inverters cater to the diverse needs of residential and C&I consumers. Capt. Ishver Dholakiya, Founder & Managing Director of Goldi Solar & VAMA Inverters, expressed his enthusiasm, stating, "We are thrilled to foray...

thyssenkrupp Industries India and Valmet Join Forces for IIoT 4.0 Industrial Automation thyssenkrupp Industries India and Valmet have recently entered into a cooperation agreement aimed at selling and distributing process automation systems in the energy sector and process industries, including sugar, fertilizers, petrochemicals, and metals. The agreement covers the Indian market as well as other countries. The official contract signing ceremony took place on June 26th, 2023, at the Embassy...

Cummins launches CPCBIV+ compliant genset engines Cummins India, one of the leading technology providers of power solutions, announced the launch of its CPCBIV+ emission standard compliant range of genset engines. With this launch, Cummins and its GOEM partners are ready to offer the full range of gensets, up to 800 KWh that are fully compliant with the latest CPCBIV+ emission norms. The new product range incorporates advanced after-treatment systems and engineering...

Vitesco Technologies showcases demo scooter with 48V system Exciting News! Vitesco Technologies is revolutionizing the e-mobility industry with its groundbreaking electrification solutions for two-wheelers and powersports! Join us as we unveil Vitesco Technologies latest innovation, the demo version of their 48-volt system for electric light motorcycles and scooters, packing an impressive 3 to 7 kW output (equivalent up to 150 cc for combustion engines). Witness this historic moment as Klaus Hau, Executive...

EMO Hannover 2023 Preview: 31 exhibitors shared sneak peek to 70 journalists from 30 countries EMO Hannover 2023, the world's leading trade fair for production technology organized by VDW (German Machine Tool Builders' Association), will be held in Frankfurt, Germany from 18 to 23 September. More than 1,750 manufacturers of production technology from 42 countries will be presenting smart technologies from the entire value chain. However, around 31 exhibitors could...

Vitesco Technologies unveils its  48V Demo Scooter Vitesco Technologies, a renowned global supplier of advanced powertrain technologies and solutions for e-mobility, is set to showcase its groundbreaking electrification solutions for the 2-wheeler market. In an unprecedented move, the company will publicly demonstrate a prototype of its 48-volt system for electric light motorcycles and scooters in India, featuring an output range of 3 to 7 kW (equivalent to 150 cc for...

Premier Solar Powertech, Amar Raja Infra JV bags mega order worth $ 130 mn The joint venture of Amara Raja Infra Pvt. Ltd. and Premier Solar Powertech Pvt. Ltd., a 100% subsidiary of Premier Energies Ltd., has bagged this order valued at $130 million from Rural Power Company Ltd. (RPCL) in Bangladesh and will be funded by the EXIM Bank of India. The project spans 326 acres at Madarganj in...

REC to provide Rs. 3,045 Cr financial assistance to Bangalore Metro REC Limited, a Central Public Sector Enterprise under the Power Ministry, has decided to extend financial assistance of Rs. 3,045 crores to Bangalore Metro Rail Corporation Limited (BMRCL), for establishment and development of Metro Lines under Phase-II project of Bangalore Metro. The decision to extend the assistance was taken at the board meeting of REC, held in Bengaluru on 24th June...

Michelin’s Chennai factory to be powered with renewable energy Leading mobility and technology company, Michelin, has signed a Power Purchase Agreement (PPA) with CleanMax Enviro Energy Solutions Pvt. Ltd for supply of green energy. The agreement marks Michelin’s factory at Thervoykandigai, first long-term open access PPA, that will increase the total contribution of renewable energy to 37% from current 11% and account for a reduction of 11,712 tonnes of CO2...

Indian electrical equipment industry records 13% growth in 2022-23: IEEMA The electrical and industrial electronics industry has witnessed a record double-digit growth of 13% in 2022-23, according to the data compiled by the Indian Electrical and Electronics Manufacturers’ Association (IEEMA), the apex Indian industry association of manufacturers of electrical, industrial electronics and allied equipment. The production volume/quantities of sales data is collected from its member organisations, which represent 90 percent...