UltraTech Raises $500M to Advance Sustainability and ESG Goals
This transaction marks its second sustainability-linked financing, following its inaugural bond issuance of $400 million in 2021.
NITI Aayog Sets Up Committees to Tackle CCUS Challenges
These initiatives were the outcome of a two-day workshop on “Legal & Regulatory Frameworks and Technical Considerations for Carbon Capture Utilization and Storage (CCUS)” held from Aug. 22-23 at The Oberoi, New Delhi.
India Needs to Increase Renewable Energy Push to Meet 2030 Target, Report Warns
The report proposes lowering the GST on hydropower components from the current range of 18-28% to 12% and reducing the GST on wind projects from 12% to 5%.
Clean Energy Accounts for 71% of New Capacity in India
Renewable energy (RE) sources like solar and wind contributed a staggering 71% of the 26 GW of new power generation capacity added during the year.
Hyundai Plans Hybrid SUVs Launch by 2027 in India
The decision comes as Hyundai, along with its subsidiary Kia, sees a growing demand for hybrid technology in India.
Mahindra Group to Invest ₹1,200 Crore in Hybrid Renewable Energy Project
Mahindra Susten will lead the project’s development, partnering with global investor Ontario Teachers’ Pension Plan Board as a strategic partner.
RBI’s Move to Allow Foreign Investments in Green Bonds Accelerates India’s Green Revolution
The government has a stated target of raising ₹20,000 crore (US$2.4 billion) via SGrB issuance in FY24, with ₹12,000 crore (US$1.4 billion) planned to be raised in the first half of FY25.
Hyundai and Kia Partner with Exide for Local EV Battery Production in India
Hyundai and Kia aim to localize their EV battery production in India, with a particular focus on Lithium-iron-phosphate (LFP) cells.
Tesla Eyes India for Electric Vehicle Factory
The potential plant is estimated to cost between $2 billion and $3 billion. The report, citing sources familiar with the plans, suggests Tesla is focusing on established automotive hubs in Maharashtra, Gujarat, and Tamil Nadu.
PSUs Partner for Renewable Energy Projects
The SPV by REC and BHEL, aims to commence operations with a capacity of 1 GW, with plans for further expansion.