In the upcoming round, projects cannot have parts sourced from China exceeding 25% of the plant’s production capacity. The European Union announced changes to its rules governing auctions for hydrogen grants in an effort to limit EU dependence on China in its renewable energy supply chain, the new terms published on Friday showed. China has… Continue reading EU changes hydrogen project auction rules to limit Chinese presence
Author: Economic Times of India Online News
PM Modi to dedicate INR 10,400 crore in energy projects, bolstering India’s infrastructure and green transition
Narendra Modi New Delhi: In a significant boost to India’s energy infrastructure, Prime Minister Narendra Modi is set to launch and dedicate various initiatives in the petroleum and natural gas sector totalling INR 10,400 crore. This major announcement is part of his visit to Pune, Maharashtra, scheduled for September 26. During this visit, the prime… Continue reading PM Modi to dedicate INR 10,400 crore in energy projects, bolstering India’s infrastructure and green transition
Technology and sustainability to ride on automobile industry EV future
Mayura Shanbaug Automakers are enhancing their reliance on artificial intelligence (AI) to accurately predict customer demand as well as optimise production. The biggest automotive global brands are increasingly trying to forge stronger ties with suppliers, especially those beyond their tier1 vendors. Companies are also looking to mitigate supply risks with alternate components. Building partnerships with… Continue reading Technology and sustainability to ride on automobile industry EV future
Steel prices may continue to languish despite low global output
Only a combination of further production cuts and higher consumption from China could aid a recovery in steel prices from here on, industry experts said. The steel industry is not expecting a respite in domestic and global prices anytime soon even as global production of the alloy has slipped to its lowest level on a… Continue reading Steel prices may continue to languish despite low global output
Balmer Lawrie plans INR 700-cr capital expenditure, to diversify into ethanol production
Another INR 45 crore will be spent for setting up a third-party logistics hub at Dankuni in West Bengal. Diversified PSU Balmer Lawrie & Co has planned a capital expenditure of INR 700 crore with the aim to achieve a revenue of INR 6,000 crore by 2030, a company official said on Thursday. It plans… Continue reading Balmer Lawrie plans INR 700-cr capital expenditure, to diversify into ethanol production
UK car production falls for sixth straight month in August, shows data
However, the industry body expects the decline to be reversed in the longer term as new models come on stream. British car productions fell for the sixth consecutive month in August, a traditionally lower output month affected by summer shutdowns and factories prepping to switch to newer models, industry data showed on Thursday. A total… Continue reading UK car production falls for sixth straight month in August, shows data
BikeWo GreenTech shares list at 27% discount over IPO price on NSE SME platform
BikeWo GreenTech’s shares debuted on the NSE SME platform at a 27.4% discount. The shares of BikeWo GreenTech debuted on the NSE SME platform at a discount of 27.4% on Friday. The stock listed at INR 45 as against an issue price of INR 62. Ahead of the listing, the company’s shares were trading with… Continue reading BikeWo GreenTech shares list at 27% discount over IPO price on NSE SME platform
Evergrande EV unit’s liquidators still in talks with potential stake buyers
Liquidators of China Evergrande’s electric vehicle arm are in discussions with a potential buyer to secure a new credit line for production. Liquidators of the electric vehicle arm of debt-laden China Evergrande are still in talks with a potential buyer to take a stake in the company with a view to provide a new credit… Continue reading Evergrande EV unit’s liquidators still in talks with potential stake buyers
EVs to wooden bike, what’s pulling crowds at Intl trade show
The UP International Trade Show in Noida is drawing attention with its dedicated EV zone. Noida: With electric and hybrid vehicles on display, EV zones have been capturing significant attention at the UP International Trade Show. The transport department has set up a dedicated hall for these vehicles, garnering particular interest since the state govt… Continue reading EVs to wooden bike, what’s pulling crowds at Intl trade show
Doon to get 9 EV charging stations
Dehradun district administration will soon introduce nine electric vehicle charging stations. To address pollution and traffic congestion, the Dehradun district administration will soon have nine functional electric vehicle (EV) charging stations in the city. District magistrate Savin Bansal told TOI that the Dehradun Municipal Corporation (DMC) conducted surveys and finalised these locations, including areas around… Continue reading Doon to get 9 EV charging stations