Category: News Updates

Moser Baer Solar plans up to $600 m capex

Leading solar photovoltaic company, Moser Baer Solar (MBSL), has planned a capital expenditure (capex) of $500-600 million over the next three to four years for expanding its manufacturing capacity of crystalline cells and crystalline...

Sandvik rolls out green tech for boilers

Swedish engineering group, Sandvik, has launched a new environment friendly boiler technology for super critical and ultra supercritical thermal power plants in India. This is part of its long-term strategy to introduce products based...

GVK Energy gets Rs.698 crore investment from Actis, GIC

Two leading private equity (PE) players will invest Rs.698 crore in power company GVK Energy Ltd, a wholly owned subsidiary of Hyderabad-based infrastructure developing company GVK Power and Infrastructure Ltd. On Thursday, GVK Power said...

NLC eyes Navratna status with power foray

Public sector mini ratna company Neyveli Lignite Corporation (NLC) has firmed up plans to make a foray into power projects using feedstock other than lignite. This is expected to elevate the company to Navratna...

ICVL may bid for Riversdale Mining

International Coal Ventures Ltd (ICVL), a company floated by five Indian public sector companies — SAIL, NMDC, NTPC, RINL and Coal India — may bid for Australia’s Riversdale Mining. Rana Som, chairman-cum-managing director, NMDC,...

Coal India, NPC mull JV for nuclear power

Nuclear Power Corporation (NPC) is in talks with government-owned Coal India, the country’s largest coal producer, on the latter’s plans to enter the atomic power sector through a joint venture. NPC has launched a...