West Bengal Chief Minister Mamata Banerjee on Thursday said she will lay the foundation stone for a 1,600 MW super/ultra-supercritical thermal power plant at Salboni in Paschim Medinipur district on April 21 to be developed by JSW Energy Ltd. The Rs 16,000 crore project, comprising two units of 800 MW each, was awarded to JSW… Continue reading Mamata Banerjee to lay foundation stone of JSW’s 1600 MW Salboni power plant on April 21
Author: Economic Times of India Online News
Rio Tinto inks MoU with AMG to set up green aluminium plant in India
India is the second-largest producer and third-largest consumer of aluminium, which finds application across construction, packaging, building, transportation and power sectors, among others. Rio Tinto, the world’s second-largest mining company, on Thursday confirmed plans to re-enter India after nearly a decade, setting up an integrated clean energy-powered aluminium project in partnership with AMG Metals and… Continue reading Rio Tinto inks MoU with AMG to set up green aluminium plant in India
Three independent directors step down from Gensol Engineering
Updated On Apr 18, 2025 at 07:58 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals In his resignation letter, Menon said that he had offered to help the company reduce its interest cost through the debt restructuring route, but was never taken up on the offer. Three independent directors of Gensol… Continue reading Three independent directors step down from Gensol Engineering
Delhi green push: ₹3,140 crore approved for EV charging hubs and more
‘These schemes will bring transformation across all basic sectors such as water, transport and environment,’ Gupta said. Chairing the first meeting of the expenditure finance committee, chief minister Rekha Gupta on Wednesday approved the construction of 27 decentralised sewage treatment plants for ₹3,140 crore. She also approved the setting up of charging stations for electric… Continue reading Delhi green push: ₹3,140 crore approved for EV charging hubs and more
Auto sector to remain under pressure in Q4 FY25, subdued domestic and global demand
The report also added that while most auto companies have taken price hikes during the quarter, the benefit may be partially offset by discounts. The Indian automobile sector is expected to report weak fourth-quarter results because of subdued demand in both domestic and global markets, according to a report by HDFC Securities. “Auto companies could… Continue reading Auto sector to remain under pressure in Q4 FY25, subdued domestic and global demand
LG CNS to build EV charging, smart city infrastructure in US
The second-generation Palisade SUV, a full-change model after six years, has been available in the domestic market since January. LG CNS, an information technology affiliate of South Korea’s LG Electronics, said on Thursday it has signed agreements to develop electric vehicle (EV) charging infrastructure and smart city solutions in the United States. Under a deal… Continue reading LG CNS to build EV charging, smart city infrastructure in US
Rio Tinto eyes India return with $7 billion green aluminium project
India is the second-largest producer of aluminium in the world, with a capacity exceeding 4 million tonnes. Rio Tinto is planning a comeback to India, close to a decade after the world’s second-largest miner exited the country, through a joint venture with AM Green, a company backed by Greenko Group’s founders, said people in the… Continue reading Rio Tinto eyes India return with $7 billion green aluminium project
ArcelorMittal Nippon India to go green steel in a big way
“The domestic steel industry needs protectionism.” ArcelorMittal Nippon Steel (AM/NS) India on Wednesday said that 70% of its Hazira steel plant’s capacity in Gujarat, which is likely to reach 15.6 million tonnes per annum (mtpa) by 2026-27, will be green steel as it prepares for the green steel transition, aligning with the steel ministry’s vision.… Continue reading ArcelorMittal Nippon India to go green steel in a big way
Barclays downgrades US auto sector due to Trump’s tariff policy
representative image Barclays on Tuesday downgraded U.S. autos and mobility sector to “negative” from “neutral”, warning that President Donald Trump’s tariffs could pressure automakers’ earnings and curb investments. The comments echo those cited by Goldman Sachs last week, when the U.S. brokerage cut its estimate for automobile sales in the country for this year by… Continue reading Barclays downgrades US auto sector due to Trump’s tariff policy
Fast-charging battery firm Nyobolt raises $30 million for expansion
representative image UK fast-charging battery technology company Nyobolt has raised $30 million to expand its business in autonomous warehouse robots and heavy duty vehicles and move into new markets including mainstream electric vehicles, it said on Wednesday. The latest fundraising was led by venture capital firms IQ Capital and Latitude and included Scania Invest, the… Continue reading Fast-charging battery firm Nyobolt raises $30 million for expansion