Enrich Energy to Set up 60MW Solar Power Project in Telangana
Business Wire India
August 28th, 2014
0

Pune, Maharashtra, India
Enrich Energy Private Limited, Pune based Renewable Energy Company, has got the approval for setting up 60 MW Solar Power Project under ‘Solar Park Concept’ in the newly formed state of Telangana. This would be the first renewable energy initiative by the newly formed state. The ‘Solar Park’ will be set up under Open Offer to supply power to meet the states renewable power obligations. TSTRANSCO (erstwhile APTRANSCO) has issued a `Letter of Intent’ for setting up a 60 MW capacity Solar Park to Enrich Energy under the power purchase agreement at preferential tariff of Rs 6.49 per kWh as per the Open Offer. Mr. Kanchal, Director, Enrich Energy Said, “With growing urbanization there is an ever increasing need for energy, India can meet her energy requirements

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Infineon Technologies AG to Acquire International Rectifier Corporation for US-Dollar 40 per Share, Approximately US-Dollar 3 Billion in Cash
Business Wire India
August 21st, 2014
0

Munich, Germany and California, El Segundo, United States- Business Wire India
 
  • Acquisition creates a highly complementary and innovative semiconductor product portfolio, distribution strength and a stronger regional presence.
  • Integration complements Infineon’s expertise in power semiconductors and adds system know-how in power conversion, while expanding its expertise in compound semiconductors (Gallium Nitride on Silicon) and driving greater economies of scale in production.
  • US-Dollar 40 per share in cash to be paid for all International Rectifier outstanding shares, representing a premium of approximately 47,7 percent over the average share price of International Rectifier during the last three months and a premium of approximately 50,6 percent over the closing share price of International Rectifier on August 19, 2014.
  • Transaction expected to be accretive to pro-forma EPS within the first fiscal year of closing and

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Top Energy Leaders to Share Views on ‘Building Energy Connectivity’ at SIEW 2014
Business Wire India
August 14th, 2014
0

Singapore
 The 7th Singapore International Energy Week (SIEW) will feature a line-up of esteemed speakers who will provide their insights on key energy issues facing Asia. They include energy thought leaders from industry, government, and international organisations. Dr. Leonhard Birnbaum, who will be delivering the SIEW Opening Keynote Address, is a Member of the Board of Management, E.ON SE. He will share his views on this year’s SIEW theme “Building Energy Connections.” He will highlight how the increased integration of economies and energy markets, at both the global and regional level, will shape the energy future for the world. Other speakers who will share their thoughts on pertinent issues in the energy landscape at the Singapore Energy Summit (SES) include Lord Ronald Oxburgh, Member of the House

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Mindteck Reports Profit for Q1 2014-15
Business Wire India
August 14th, 2014
0

Bangalore, Karnataka, India
Mindteck (India) Limited (BSE: MINDTECK), a global technology company, today reported its unaudited financial results for the first quarter ended June 30, 2014. The Company’s consolidated revenues for the quarter stood at Rs. 82.41 crore as against Rs. 76.30 crore for the corresponding quarter of the previous year ended June 30, 2013, registering a growth of 8%. Net profit for the quarter stood at Rs. 4.97 crore as against Rs. 3.26 crore for the corresponding quarter of the previous year, registering a growth of 53%. Mindteck continues to focus on strategic investments in R&D, and product innovation will remain as one of its top priorities in the coming quarters. Through its recently formed R&D initiative, the company has launched two innovative systems: IGNITE, an Energy Management System

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CG Q1FY15 Consolidated Net Profit Up 7% at Rs 64 Crore Revenue Up 8% to Rs 3,442 Crore
Business Wire India
August 6th, 2014
0

Mumbai, Maharashtra, India- Business Wire India
Highlights for Q1FY15 Vs Q1FY14      
  • Order intake stood at Rs. 2,899 crore up 12.5%
  • Consolidated revenue for the quarter up 8 % to Rs. 3,442 crore
  • Net profit rose by 7% to Rs. 64 crore
  • Earnings per share (EPS) at Rs. 1.02 as against Rs 0.94
Avantha Group Company CG reported Consolidated Revenue of Rs. 3,442 crore for the quarter ended June 30th 2014 up 7.7 % as against Rs 3,195 crore on June 30th, 2013. The net profit for the period stood at Rs 64 crore up 6.6% as against Rs 60 crore in Q1FY14. CG bagged orders worth Rs. 2,899 crore in Q1FY15 and the UEOB (Un-executed order backlog) stood at Rs. 9,585 crore. Commenting on the results, Avantha Group Company CG’s CEO and Managing Director Laurent

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