As of now, 755 applications have been approved under these schemes generating employment for approximately 8 lakh individuals. New Delhi: India’s vision of becoming ‘Atmanirbhar’ is making substantial progress through the Production Linked Incentive (PLI) Schemes, which have attracted an investment of INR 1.23 lakh crore across 14 key sectors by March 2024. These schemes… Continue reading Approval for 755 PLI scheme applications; INR 1.23 lakh cr investment proposals in 14 sectors
Author: Economic Times of India Online News
BP to develop green hydrogen project in Spain
BP’s decision to develop hydrogen projects follows rival Shell which said last week it would go ahead with a hydrogen project at its German refinery. BP said on Tuesday it has given the green light to development of a green hydrogen facility at its Castellon refinery in Spain. The British energy firm also said it… Continue reading BP to develop green hydrogen project in Spain
Metal commodities likely to remain soft going forward: Deven Choksey
“So, to a greater extent, the crude as a territory and metal along with particularly, they are likely to remain softer going forward as well,” says Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd. “So, to a greater extent, the crude as a territory and metal along with particularly, they are likely to remain softer going… Continue reading Metal commodities likely to remain soft going forward: Deven Choksey
Clean mobility ecosystem to become USD 250 bn opportunity in India by FY30
“Despite challenges faced by the global EV market due to geopolitical shifts and fluctuating manufacturing costs, India remains a beacon of resilience,” the report mentioned. New Delhi: As the government doubles down on clean and sustainable transportation, the clean mobility ecosystem in the country is expected to become a USD 250 billion opportunity by FY30,… Continue reading Clean mobility ecosystem to become USD 250 bn opportunity in India by FY30
Wardwizard Innovations Q1 FY25 PAT at INR 2.41 cr
. This order involves the delivery of electric two-wheelers and three-wheelers from Wardwizard’s existing product portfolio. New Delhi: Wardwizard Innovations & Mobility Limited, one of the leading manufacturers of electric vehicles under the brands ‘Joy e-bike’ and ‘Joy e-rik’, Tuesday announced its financial results for Q1 of FY25 (April-June 2024). On the performance of Q1… Continue reading Wardwizard Innovations Q1 FY25 PAT at INR 2.41 cr
Green Frontier Capital leads USD 3mn pre-series A Round for ElectricPe
ElectricPe’s comprehensive Super App uniquely addresses the fragmented nature of the EV ecosystem in India. Green Frontier Capital, an early-stage VC fund with operations in India and the US, has led a USD 3 million pre-series A round for ElectricPe, India’s EV super-app, alongside Blume Ventures, Micelio Fund, and NB Ventures. This investment aims to… Continue reading Green Frontier Capital leads USD 3mn pre-series A Round for ElectricPe
NHAI sets up an asset monetisation cell; aims to achieve over INR 50k cr monetsiation target for 2024-25
The ministry of road transport and highways monetize assets worth INR 40,314 crore in 2023-24, out of the INR 97,000 crore monetisation receipts in the last financial year. The National Highways Authority of India (NHAI) has set up an asset monetisation cell to drive its future monetisation plans besides overseeing the monetisation of completed and… Continue reading NHAI sets up an asset monetisation cell; aims to achieve over INR 50k cr monetsiation target for 2024-25
Adani Total Gas currently has 1,212 EV charging points, work is on for another 740: CEO
“This, ATGL will leverage the healthy balance sheet to fund its future capex requirement based on the drawn capital management plan,” he said. AdTotal Gas Ltd‘s total EV charging points have grown to 1,212 units at the end of June 2024, and another 740 plus EV charging points are under various stages of construction at… Continue reading Adani Total Gas currently has 1,212 EV charging points, work is on for another 740: CEO
Audio Interview| Enabling the Mobility Revolution: Global Supply Chain & Logistics Change due to Electrification
Ron Hesse speaks with Fathi Tlatli. In the 12-minute Audio Interview, Mr. Tlatli discusses these questions: What global supply chain trends have you seen emerging as new mobility services and electrification gain momentum? How is the transition to electric vehicles impacting the different players along the value chain? How must OEMs adapt their inbound logistics… Continue reading Audio Interview| Enabling the Mobility Revolution: Global Supply Chain & Logistics Change due to Electrification
Who’s fuelling the transition to greener energy?
There’s also strong demand for several metals referred to as “rare earth elements” that are unsurprisingly found in rare earth-bearing minerals. China still processes the biggest share of the critical minerals needed for the transition to greener sources of energy but other countries are mining them too. Countries around the world are demanding more solar… Continue reading Who’s fuelling the transition to greener energy?