GMR & Reliance Cement have received one mine each in the first coal mine auction

  In the first coal mines auction conducted today, GMR & Reliance Cement have received one mine each for an estimated amount of Rs 1,375 Crs & Rs 798 Crs respectively. GMR Mine GMR Chhattisgarh Energy won the Talabira-1 coal block in Odisha, Adani Power, Essar Power, Sesa Sterlite and others were in race for this mine GMR...

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Welspun Renewables Makes a Green Energy Commitment of 11,001 MW

  Welspun Renewables, India’s leading renewable energy generator has pledged to set up mega 11 GW solar and wind projects across the country. The 11001 MW capacity will be developed as 8660 MW of solar and 2341 MW of wind power projects. . In line with supporting Prime Minister Narendra Modi’s vision of 100 GW, Welspun Renewables will...

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JSW Energy plans to raise Rs 5,000 crore via QIP

  JSW Energy is planning to raise Rs 4,000 crore to Rs 5,000 crore in several tranches through a qualified institutional placement or QIP programme, according to reports.   Report said that the money will help fund acquisitions after the company completes the purchase of three hydro power plants. Earlier, the board approved a fresh...

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2,66,000 MW Renewable Energy Projects commitment given by 293 companies

  During the first Renewable Energy Global Investors Meet (RE-Invest), commitment to develop as much as 2,66,000 MW of Renewable Energy Projects has been given by around 293 companies.  Some of them have also assured to put up equipment manufacturing plants as well.   Renewable energy companies including Suzlon and Gamesa...

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SBI commit Rs 75,000 Crs loan for 15,000 MW of Renewable Energy Projects

  State Bank of India (SBI) committed Rs 75,000 Crs for the 15,000 MW capacity of Renewable Energy Projects to be executed in next 5 years. Current exposure of SBI is Rs 1,78,000 Crs in the power sector including conventional energy projects as well as Distribution Utilities. However, SBI has denied any concessional rate of interest...

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